Global Airport Digitization Market to Post 7.26% CAGR to 2021, States Infiniti Research in Its Report Published at MarketPublishers.com17 May 2017 • by Natalie Aster
LONDON – The world airport digitization market is forecast to gain traction recording a CAGR of 7.26% through to 2021, largely driven by the influence of Big Data. However, data privacy and protection issues could be amid the major challenges to the market growth. The growth of mobile-based applications represents one of the latest trends in the marketplace. The uptake of beacon technology and hyper-personalization of connected devices are amid other prominent trends in the industry.
By applications, the passenger screening and security led the global airport digitization market in 2016, and is projected to keep on taking the lead in the foreseeable future. The key driver of this segment’s growth include the emergence of innovative technologies like the usage of facial identification, retina scanning, biometric sensors, and self-service terminals to reduce the passenger wait time.
Geography-wise, the Americas dominated the world airport digitization market in 2016. Nevertheless, EMEA is likely to be the largest market in the offing due to surging investments in the construction of manifold new and advanced airports across the region.
The market is made up of a host of technology providers vying for market share. The sector is poised to see uptake in M&A activities by industry leaders like sensor vendors and software providers to expand their global footprint and build up their customer base. Microsoft, Cisco Systems, IBM, Siemens, and SITA are the leading vendors in the marketplace. Wind River, Living PlanIT, Apple, Scarabee, and Daifuku are amid other major market participants.
Topical research report “Global Airport Digitization Market 2017-2021” elaborated by Infiniti Research covers the present market performance and identifies the sector’s growth prospects till 2021. It presents a granular, unbiased analysis of the marketplace by application and based on geography. The report offers detailed market size estimates and forecasts and also provides industry growth rates. Porter’s five forces analysis is provided, too. The study features key industry trends, identifies and assesses the growth driving forces and challenges alongside their affect on the airport digitization universe. The research also limelights the competitive scene and identifies the manifold outstanding vendors operating in the industry. Case studies are also available in the publication.
More topical market research reports by this publisher can be found in Infiniti Research catalogue at MarketPublishers.com.