Global Airport Information System Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Airport Information System Market by type, by formulation, and by Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the airport information system market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Europe dominates the airport information system market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
There is continuous increase in passenger traffic in airport information system market which leads to the growth of the market. Telecommunication technologies are implemented on a large scale which results the market to grow.
To upgrade the system it requires high cost, due to this factor the market is there is decline in the market growth. Data sharing regulation is also one of the factor restraining the growth of the market.
There should be the continuous growth in developing economies which is the opportunity of this market. Management of large database and generation of predictive insights are the challenges of the growing market.
KEY FINDINGS The cost segment is dependent on the investment which is being made in the software. North America is predicted to be leading in airport information system market, which is followed by Europe and Asia Pacific. It is estimated that Asia Pacific is to grow at highest CAGR value. The major companies profiled in the report include INFORM, RESA, Rockwell Collins, Siemens, Ultra Electronics Holdings, Amadeus IT Group SA, Inform GmbH, International Business Machines Corporation, Northrop Grumman Corporation, and Ikusi S.A
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