Market Overview:
The market size of the airport management market is expected to hit 1941 million Dollars by the end of the year 2030, at CAGR of 21.9% during the forecast period of 2020 to 2030. Airport management refers to services involved in the maintenance and management of airports. These include customer service, security, handling of baggage, staffing, federal regulations awareness and more. The job of an airport manager is to regulate the operations conducted for the comfort and security of the passengers. Planning and management are made easy through airport management services. The sector is constantly expanding and there is a lot of scope in the market for airport management. The growth of the market can be attributed to the increased adoption of advanced technologies pertaining to airport operations. The airport operations have gained more importance in the past years. The increase seen in air traffic all over the world can be considered a driving force for the market. Also, the adoption of smart devices like tablets and smartphones among others is also considered a major contributing factor. The benefits of efficient airport management services and several other factors are set to promote the growth of the market for airport management.
Market Segmentation:
The Airport Management Market Trends can be segmented on three bases. These are segmentation by application, size of airport and component.
On the grounds of application, the segments are Business Applications, Performance Management, Gate Management, Collaboration, Integration, Logistics, Content Management and Security.
On the grounds of size of airport, the segments are Class D, Class C, Class B and Class A. Out of these the segment of Class B size of airports are estimated to be the most productive segments in the projected period and had a similar record in the previous years as well.
On the grounds of component, the segments are services and software. Out of these segments, the segment for Software is expected to dominate the market growth in the projected period and has previously done so.
Regional Classification:
On the basis of region, the segments are Europe, Africa, Latin America, Middle East and Asia Pacific. Asia Pacific has led the market share previously and is expected to continue to dominate the Airport management Market in the projected period of 2021 to 2027. The highest rate of growth or CAGR is also expected to be exhibited by the Asia Pacific region or APAC in the years of the forecast period. This can be attributed to the increase seen in the demand for better services and systems in the field of airport management. The increase in incomes in countries like China and India which are emerging economies are also a contributing factor to the development of Airport Management Market Share.
Industry News:
There are many main players in the industry for airport management. These include Amadeus IT Group, SAP SE, Cisco, Huawei, Blip System and Microsoft Corporation.
Key Players:
Microsoft Corporation (US), Blip System (Denmark), Huawei (China), Cisco (US), SAP SE (Germany), Amadeus IT Group (Spain),Recent Developments.
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