Global Airport IT Spending Market 2024-2028
The airport IT spending market is forecasted to grow by USD 1.82 bn during 2023-2028, accelerating at a CAGR of 5.41% during the forecast period. The report on the airport IT spending market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by efforts by airports to enhance customer experience, the growing importance of loyalty programs due to IT integration, and increasing demand for IT security at airports.
Technavio's airport IT spending market is segmented as below:
By End-user
- Operational system
- Administrative system
- Passenger processing system
By Component
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the focus on establishing high-end cybersecurity at airports as one of the prime reasons driving the airport IT spending market growth during the next few years. Also, rise in demand for cloud-based CRM and need for real-time wait time monitoring systems will lead to sizable demand in the market.
The report on the airport IT spending market covers the following areas:
- Airport IT spending market sizing
- Airport IT spending market forecast
- Airport IT spending market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading airport IT spending market vendors that include Amadeus IT Group SA, Atos SE, Capgemini Service SAS, China Civil Aviation Information Network Co. Ltd., Cobham Ltd., Damarel Systems International Ltd., Institut fur Operations Research und Management, International Business Machines Corp., Intersystems, Lockheed Martin Corp., NEC Corp., Northrop Grumman Corp., Passur Aerospace Inc., Raytheon Technologies Corp., RESA SAS, Saab AB, Siemens AG, SITA, Thales Group, and VELATIA S.L. Also, the airport IT spending market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.