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(MoneyNewsWire.Net, September 01, 2016 ) Description-
Market outlook of the global airport IT spending market
Technavios market research analyst predicts the global airport IT spending market to grow steadily at a CAGR of more than 4% by 2020. The growing need to efficiently manage and handle a large number of passengers, cargos, and aircraft at airports is fueling IT spending in the aircraft industry. Also, factors like the expansion of international trade and commerce, growth in tourism, and employment generation are estimated to positively influence market growth during the forecast period.
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The growing need to raise the overall airport security standards is the key driver for the growth of this market. Recently, it has been observed that airports across the globe are experiencing persistent threats of terrorism and criminal activity. This increase in security threats will lead to augmented spending on security technologies like access control, passenger security, and IT security. The increased spending on security technologies will result in market growth during the forecast period.
Segmentation by solution type and analysis of the airport IT spending market
Operational systems
Passenger processing systems
Administrative systems
In this market study, analysts have estimated the operational systems segment to account for a market share of more than 47% during the forecast period. The ability of operational systems to enhance the airports productivity and efficiency by streamlining the flow of information is a critical factor that results in market growth during the predicted period.
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Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Latest developments
Five forces analysis
Segmentation of global airport IT spending by solution type
Operational systems
Administrative systems
Passenger processing systems
PART 06: Geographical segmentation
Geographical segmentation of global airport IT spending
Americas
EMEA
APAC
PART 07: Market drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
Competitive scenario
Major vendors
Other prominent vendors
Amadeus
Rockwell Collins
SITA
Ultra Electronics Airport Systems
PART 12: Appendix
List of abbreviations
PART 13: Explore Technavio
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