Latest News- Airport IT Spending Market: Operational system is expected to lead the End-user segment during 2025-2029

The Airport IT Spending Market is being driven by Efforts by airports to enhance customer experience

The Airport IT Spending Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2014.9 million. In the modern business landscape, the aviation sector, like other critical industries, is increasingly relying on advanced interconnected IT systems to manage operations efficiently. However, this reliance on technology comes with inherent risks, particularly in the form of cyber threats such as corporate breaches, spear phishing, and social media fraud. As identified by the US Homeland Security Presidential Directive 7 (HSPD-7) and the National Infrastructure Protection Plan (NIPP), the aviation industry is a key sector requiring robust cybersecurity measures. The avionics industry, known for its technological advancements, continues to adapt and innovate to address emerging cybersecurity challenges. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Operational system
  • Administrative system
  • Passenger processing system
• Component
  • Hardware
  • Software
  • Services
• Geography
  • APAC
    • China
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Efforts by airports to enhance customer experience
• Growing importance of loyalty programs due to IT integration
• Increasing demand for IT security at airports

However, the market also witnesses some limitations, which are as follows:

• High initial investment and increasing IT complexity
• Difficulties in organizing large amounts of data
• Constantly evolving regulatory standards on threats to data security and privacy

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Market Scope in Airport IT Spending Market Research Report

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Research Analysis Overview

The air travel industry's Airport IT spending is surging due to the adoption of advanced technology in airport operations. Airport IT systems include digital platforms for baggage tagging, handling, and passenger processing. Automation of arrival/departure operations is achieved through departure control systems, air traffic control, and flight information systems. Airport security systems, terminal services, and emergency departments are also benefiting from AI and machine learning. Technological appliances and digital devices enhance safety protocols, processing automation, and operational efficiency. Airport management software is a crucial component, integrating various systems for seamless airport operations. Electronic data information exchange between these systems ensures smooth airport experiences for passengers.

Market Research Overview

The global airport IT spending market encompasses companies providing airport management software, digital platforms, and automation solutions for airport operations. Key areas of focus include baggage tagging and handling, passenger processing, arrival/departure operations, and departure control systems. Factors driving growth in this market include increasing government investments in advanced IT infrastructure for air traffic control and the aviation industry's shift towards commercial aviation services that prioritize efficiency and enhanced passenger experiences. Technavio's market analysis indicates that the global IT consulting and other services market, which includes companies offering IT consulting, information management, and system integration services, will experience significant growth due to the aforementioned trends. Government agencies worldwide are investing in upgrading their IT infrastructure to meet the demands of the modern aviation industry, creating a surge in demand for IT consulting and implementation services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/