The Aviation Cloud Market Size is valued at USD 5.62 billion in 2023 and is predicted to reach USD 16.65 billion by the year 2031 at a 14.7% CAGR during the forecast period for 2024-2031.
Aviation cloud refers to cloud computing solutions used in the aviation industry to enhance flight operations, passenger services, maintenance, and data analytics. These systems offer scalability, cost efficiency, enhanced security, and global accessibility, helping airlines and airports streamline operations and enhance overall efficiency. In order to manage the enormous amounts of data generated by several aviation-related processes, including maintenance, air traffic control, flight operations, passenger services, and more, this technology leverages cloud infrastructure. It is anticipated that as the aviation cloud grows, it will incorporate cutting-edge technologies like machine learning, the Internet of Things (loT), and artificial intelligence (Al) with cloud platforms that are transforming the aviation industry. The safety & effectiveness of airline operations are raised by these technologies, which also make improved security surveillance, individualized passenger services, and advanced predictive maintenance possible.
The pandemic-induced drive towards digital transformation has expedited the aviation industry's adoption of cloud solutions as stakeholders strive to innovate and sustain competitive advantages in a swiftly evolving landscape. The aviation cloud sector is expanding since cloud computing plays a crucial role in supporting sustainability efforts such as fuel efficiency and the reduction of carbon emissions. This role is in line with the global push towards greener aviation practices.
Competitive Landscape
Some Major Key Players In The Aviation Cloud Market:
- Amazon Web Services, Inc.
- Microsoft
- IBM
- Oracle
- SAP Se
- Salesforce, Inc.
- Adobe
- DXC Technology Company
- NEC Corporation
- SITA
- Wipro
- Collins Aerospace
- Amadeus It Group Sa
- Lufthansa Group
- Tav Technologies
- A-Ice
- Aerocloud Systems Ltd.
- Infor
- Cirrox
- Veryon
- Cloudflight
- IFS
- Epicor
- Materna IPS Gmbh
- Other Market Players
Market Segmentation:
The aviation cloud market is segmented based on deployment type, service model, end user, and application. Based on deployment type segment, the market is categorized into Private Cloud, Hybrid Cloud and Public Cloud. By service model, the market is segmented into laaS, PaaS, and SaaS. By end user, the market is segmented into Airports, Airlines, OEMs, and MROs. By application, the market is segmented into Flight Operations, Passenger Service, Maintenance & Management Systems, Supply Chain Management, Data Analytics And Business Intelligence, Cargo Management & Baggage Handling, and Others.
According To The Deployment Type, The Public Cloud Segment Accounts For A Major Contributor To The Aviation Cloud Market.
The adult aviation cloud market is expected to hold a major global market share in 2023. The public cloud model offers highly cost-effective and scalable shared internet-based services from third-party providers to aviation enterprises. By allowing them to pay for IT resources just as needed, this deployment strategy helps airports and airlines avoid the significant capital costs related to buying and maintaining physical hardware. Public cloud services are especially well-suited for applications where demand varies, such as online reservation systems that could see heavy traffic during peak travel hours. Public cloud services are a very suitable choice for international airlines that require flexible and extensive access to their systems and data. These services may be accessed from any device connected to the internet, enabling assistance for worldwide operations.
Passenger Service Segment To Witness Growth At A Rapid Rate
Passenger services have been substantially improved by cloud computing, providing a smoother and more customized travel encounter. Cloud-based systems are used by airlines and airports to handle many parts of the passenger experience, such as in-flight entertainment and loyalty programs, as well as booking and check-in. With the use of these systems, passenger data may be gathered and analyzed to provide customized services like real-time flight information and personalized trip suggestions. By integrating cloud technologies, travellers are provided with accurate and consistent information at all points of contact, which enhances customer satisfaction.
In The Region, The North American Aviation Cloud Market Holds A Significant Revenue Share.
The North American aviation cloud market is estimated to register the very large market share in revenue in the near future. Due to its sophisticated technology infrastructure and substantial aviation industry presence, North America dominates the aviation cloud market. Leading cloud service providers' innovations promote efficiency and safety in a variety of aviation sectors, supported by strong legal frameworks that guarantee security and compliance. In addition, Asia Pacific is likely to grow rapidly in the global aviation cloud market. The demand for air travel and the development of infrastructure are both growing quickly in this region. Cloud adoption is a growing sector with much room for innovation and growth, fueled by government backing and digital transformation programs.
Recent Developments:
- In June 2024, SAP Thailand made an official announcement. Bangkok Airways Public Company Limited ("BA") has selected RISE with SAP. The purpose is to improve operational efficiency and adaptability, gain a competitive edge through advanced technologies, and transform IT resource management.
- In May 2023, Qatar Airways and Google Cloud partnered to work together on data and artificial intelligence (AI) projects. Google Cloud and Qatar Airways investigated the potential use of Google Cloud's data analytics and artificial intelligence (AI) capabilities.
Aviation Cloud Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 5.62 Bn |
|
Revenue Forecast In 2031 |
USD 16.65 Bn |
|
Growth Rate CAGR |
CAGR of 14.7% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Deployment Type, Service Model, End User, And Application. |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
Competitive Landscape |
Amazon Web Services, Inc., Microsoft, Google, IBM, Oracle, and SAP SE. Amazon Web Services, Inc, Salesforce, Inc., Adobe, DXC Technology Company, NEC Corporation, Sita, Wipro, Collins Aerospace, Amadeus It Group Sa, Lufthansa Group,Tav Technologies, A-Ice, Aerocloud Systems Ltd., Infor, Cirrox, Veryon, Cloudflight, IFS, Epicor, Materna IPS Gmbh |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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