E-Business, Electronic Commerce und Internet News

Kostenlose Pressemitteilungen zum Thema Internet und E-Business

Jan
19

Global aviation IoT market in North America is expected to witness significant growth in terms of revenue during forecast period

Global aviation IoT market in North America is expected to witness significant growth in terms of revenue during forecast period

Internet of Things(IoT) is a combination of operational technology with information technology connected via virtual intelligence to send, control, and receive data with/without human intervention. The technology helps in simplifying human efforts and reduces the need for manual interference. The machine-to-machine (M2M) data that is generated has a wide range of uses, but is commonly seen as a way to determine the health and status of things — inanimate or living. Leveraging IoT solutions and services will add a new dimension to the entire digital transformation of the airline process.

Increasing investments in smart airports concept, and rising adoption of cloud-based IoT services and solutions are major factors driving growth of the global aviation IoT market. In addition, airlines are being upgraded to IoT-enabled eco-systems and infrastructure to streamline the efficiency, enhance connectivity and speed of communication, and to decrease operational costs, thereby augmenting business productivity. Increasing applications of IoT solutions and services in smart and active airports helps to boost growth of ancillary products and services to customers which is further driving growth of the global aviation IoT market. Moreover, deployment of IoT-based sensors helps in data analytics and in-flight tracking which are some other factors further propelling growth of the global aviation IoT market.

Major factors hampering growth of the global aviation IoT market are high deployment costs and complexities with interoperability. In addition, concerns related to security and privacy of data along with lack of standard regulations are some other factors hampering growth of the global aviation IoT market.

Do Inquiry About Report Here: https://marketresearch.biz/report/aviation-iot-market/#inquiry

Personalization of connected devices, increasing investments in development of assistive technologies such as communication systems, mobility solutions, and support for visual and hearing impairments to differently abled passengers will drive growth of the global aviation IoT market for the next five years. In addition, growing investments in connectivity solutions for in-flight services is further expected to create lucrative opportunities for key players during the forecast period.

The global aviation IoT market is segmented on the basis of application and region. On the basis of region, the global aviation IoT market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America dominates the global aviation IoT market in terms of revenue and accounts for XX% of the global market share. This growth is attributed to increasing adoption of IoT enabled infrastructure and eco-system across various sectors and industries. The market in Asia pacific is projected to register significant during the forecast period. This growth is attributed to rising deployment of assistive technologies along with increasing investments on in-flight connective solutions. The market in Europe is expected to witness considerable growth in terms of revenue during the forecast period.

Key players in the global aviation IoT market are SITAOnAir, Living PlanIT AG, Accenture PLC, Microsoft Corporation, Cisco Systems Inc., International Business Machine Corporation, Wind River Systems, and Apple Inc.

Prudour Pvt. Ltd. ( https://marketresearch.biz) is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. Prudour Pvt. Ltd. offers services such as data mining, information management, and revenue enhancement solutions and suggestions.

Kontakt
MarketResearch.Biz
Krutika Bhoot
Prudour Pvt. Ltd. 420 Lexington Avenue, Suite 300 NY
10170 New York City
+1 347 826 1876
krutika@marketresearch.biz
https://marketresearch.biz/

Andere Pressemitteilungen zu: Allgemein

«

»