Airport IT spending: Key market research findings
- Use of new technologies and analytical tools
- Focus towards providing better airport facilities to passengers
Technavio has released a new market research report on the airport IT spending market in US, which is expected to grow at a CAGR of more than 3% between 2016 and 2020. Currently, the US airports are investing heavily on international expansion and airport modernization programs, which requires various IT technologies, thereby boosting the growth of airport IT spending market.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Airports are investing in various new technologies such as iBeacon, cloud, 3D face recognition, bar coded boarding passes, and video analytics to enhance passenger experience and improve airport operations. Airports and airlines have started implementing BI solutions in extracting valuable insights about passengers and also provide all travel itinerary-related information to passengers’ mobile devices. The market is expects to observe more implementation of analytical tools in airport operations during the forecast period, aimed at enhancing security and offering customized services to customers,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.
Airports are increasingly using advanced technologies to fulfil the requirements of air passengers and improve the end-user experience at airport facilities. Airport operators have started using self-service kiosk options which include self-service kiosks for processing boarding passes and self-bag drop services. Also, they are using mobile technology-based services such as flight status notifications, way-finding, CRM, and retail services that can be availed through mobile apps.
The key vendors in the airport IT spending market in US include Amadeus, Ikusi, Rockwell Collins, SITA and Ultra Electronics Airport Systems. The competition in this market is expects to intensify during the forecast period with the entry of various new players. To stay competitive and profitable in the market, the players are moving towards partnerships and M&A. They are also focusing on differentiating themselves by offering innovation through cost-effective solutions.
A more detailed analysis is available in the Technavio report, Airport IT Spending Market in US 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Airport IT Spending Market 2016-2020
- Airport IT Market in the US 2015-2019
- Airport Construction Market in China 2015-2019
- Global Commercial Airport Baggage Handling Systems Market 2016-2020
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