CHICAGO, Sept. 20, 2022 /PRNewswire/ — Aviation Analytics Market is projected to grow from USD 2.5 billion in 2022 to USD 4.7 billion by 2027, at a CAGR of 13.0% from 2022 to 2027, according to a new report by MarketsandMarkets™. Growing adoption of advanced aviation technologies is one of the major driving factor for the demand of Aviation Analytics market.
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Browse in-depth TOC on “Aviation Analytics Market” 288 – Tables
44 – Figures
247 – Pages
By deployment, the on-premises segment is expected to lead the market during the forecast period
Aviation analytics solutions and services help enhance operational efficiency by minimizing costs and downtime through predictive and prescriptive analytics. The on-premises method is majorly used to deploy these solutions, as end users prefer in-house software infrastructure and services to ensure elevated data security. Thus, several large-capacity airports deploy aviation analytics solutions within their premises rather than opting for cloud-based solutions. However, the cost associated with on-premises aviation analytics solutions is on the higher side, which limits their adoption in small airports and airline businesses.
By business function, the finance segment has the highest share in the forecasted period
Aviation analytics enable organizations to plan several finance-related operations, such as fraud management, risk…
