The global airport management systems market will derive growth from the presence of several large scale companies across the world. The efforts taken to improve infrastructures at airports will have a massive impact on the growth of the market in the coming years. According to a report by Fortune Business Insights, titled “Airport Management Systems Market Size, Share & Industry Analysis, By Component (Software, Services), By Airport Size (Class A, Class B, Class C, Class D), By Application (Security, Content Management, Logistics, Integration, Collaboration, Gate Management, Performance Management, Business Applications, Others) and Regional Forecast, 2021-2028,” the market will rise considerably driven by increasing investments in product R&D.
The rapid spread of the coronavirus has created a sense of urgency across the world. With strict measures taken to curb the spread of the disease, several major businesses have come to a standstill. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemic. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Due to travel bans, companies in airport management systems sector are likely to take a huge hit in the coming years.
Airport management systems are tools that are used to streamline the operations at an airport. The ability of these systems to enable cost-effectivity and enhance the overall functions of airport equipment will have a massive impact on the growth of the overall market in the coming years. The increasing number of air-travels will lead to a wider product adoption across the world. The massive investments in airport management systems and the rising budget allocations by government organizations towards integrating modern concepts will create several growth opportunities. Moreover, the efforts taken to enhance the overall airport infrastructures and improve customer service will also emerge in favor of market growth. The presence of several large scale companies will have a huge impact on the growth of the overall airport management systems market in the foreseeable future.
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Increasing Number of Company Collaborations will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company collaborations and mergers has had the highest impact on the growth of the overall market in recent years. In October 2019, SITA announced that it has bagged a contract from the Kotoka International Airport in Accra, Ghana. Through this contract, the company will develop, manage, and support all passenger processing as well as baggage management systems at the airport. The company will also streamline the airport operation systems through the integration of advanced concepts and simplify complex processes. Increasing number of such company collaborations will have a huge impact on the growth of the overall market in the coming years.
Asia Pacific to Hold a Major Market Share; Efforts put in to Upgrade and Improve Existing Airport Operations will Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for improved airport infrastructures will create several growth opportunities for the companies operating in the market. The presence of several large scale companies in this region will also contribute to the growth of the regional market. The increasing air travels, coupled with rising population in countries such as India and China will contribute to market growth.
List of companies profiled in the report:
- Amadeus IT Group SA (Spain)
- Collins Aerospace. a Raytheon Technologies company (The U.S.)
- Damarel Systems International Ltd. (The U.K.)
- IBM Corporation (The U.S.)
- Ikusi (Spain)
- Indra Sistemas S.A.( Spain)
- Inform Software Corporation (The U.S.)
- Resa (France)
- Siemens AG (Germany)
- Ultra Electronics Holdings PLC (The U.K.)
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March 2018: SITA and the Airports Authority of India (AAI) have collaborated for the development of high-tech baggage management solution for several domestic airports of Indian Territory.
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