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Airport Information Systems Market Forecast & Analysis to 2014 - 2020
Airports are constantly, seeking new ways to improve their operational efficiency and enhance the passenger journey. Business intelligence (BI) and collaborative decision making are expected to play key roles, in enabling continuous improvements in the future. In order to maximize the effectiveness of business intelligence systems, airports are keen about collaboration with airlines, other tenants, and ground service providers.
Combination of big data and complex algorithms has opened opportunities for the procurement of more sophisticated systems software. With the focus of Business Intelligence, shifting to passenger flow monitoring and asset tracking, the investment in procuring airport information systems software is expected to improve the utilization of resources at airports. Procurement initiatives by the airports are at an immature stage that restricts the investments in this market. Coping with sheer amount of data to be analyzed, apart from integration issues and increasing data standards at airports are the factors hampering steady market growth.
About 36% of the global airports consider reducing the cost of operations as the second most important objective for this market, after improving passenger experience. Operational spend for airport IT has increased from $9.9 billion in 2012, to $10.8 billion by 2013. Developing economies from the Asia-Pacific region are expected to augment the market.
The airport information systems can be broadly classified into passenger and non-passenger systems, based on the type of software used. The software related to baggage handling systems, Flight Information Display Systems (FIDS), Common User Self-Service Systems (CUSS), and advance passenger information systems falls under the passenger software processes, while the software used by the airport operators for Airport Operational Database (AODB) management, Air Traffic Control (ATC) systems falls under the non-passenger software process.
The non-passenger based software systems for the airport information systems market cover the most dominant share, accounting for 70.85% of the total market size. It is estimated to grow very rapidly during the forecast period, at a CAGR of 4.95% from 2014– 2020.
The passenger and non-passenger software processes are strongly inter-dependent on each other and have an equal impact on the growth of the entire airport information systems market. The Airport Operation Control Centre (AOCC) forms an integral part, of both these software processes. It derives information about flight movement from the Air Traffic Control systems and sends it to Airport Operational Database (AODB), which transfers this information to the Flight Information Display Systems (FIDS), to be displayed on the FIDS screens at the airport terminals.
The rising demand for efficient resource allocation at the airport leads to quicker passenger check-in processes at airport terminals and faster aircraft turnaround. An efficient airport information system also serves as the key driver for optimal usage and operation of both the passenger and non-passenger software.
Airport Information Systems Market by Airport Size, Functions, Cost, & by Geography - Market Forecast & Analysis to 2014 - 2020
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