September 22, 2021

Global airline digitization gains traction thanks to digital technology and data analytics

From a regional perspective Asia Pacific It is expected to continue to be the largest revenue contributor in 2030, North America It will be the fastest growing region. Legacy airlines, which were at various stages of migrating workloads to the cloud before the pandemic, are expected to continue even after the industry begins to recover. New airlines and start-ups will prioritize open architecture and cloud computing, bypassing legacy infrastructure.

For more information on this analysis, see Global Airlines Digital Growth Opportunities. http://frost.ly/67l..

“Developments among technology companies, travel start-ups, and other stakeholders in the travel ecosystem are changing the outlook for airline digitization,” he said. Abilash Barkey Abraham, Senior Research Analyst in Aerospace and Defense Operations at Frost & Sullivan. “In the next decade, technology giants are projected to play a major role in enabling airlines and major airlines’ IT providers to migrate their workloads to cloud infrastructure. Nitch start-ups that use next-generation technology to solve airline challenges are gaining attention in the industry. “

Abhilash said: “Development and implementation of next-generation technologies, rapid advances in consumer technology, and the use of the Internet of Things (IoT), big data, and machine learning (ML) to collect and analyze large amounts of data are transforming processes. In the industry. “

Increasing attention to digitization, hardware improvements, cost savings for software services, and business models as services provides growth prospects in favor of airline digitization market participants, including:

  • Destruction management and fuel optimization to improve operational efficiency: Digital solutions help reduce the economic loss of irregular operations by about 50%, creating a large target market for digital solution providers.
  • Big data platform to enhance operations and merchandising: Data platforms integrated into existing infrastructure enhance airline segmentation methods and marketing strategies.
  • Cybersecurity for robust operational resilience: Blockchain technology can be implemented in several use cases such as secure identity management, secure data tokenization, smart contracts for aircraft maintenance, and streamlined authentication.
  • Migrate workloads to the cloud for scalability and cost efficiency: Vendors and system integrators need to build a portfolio of digital services along with core infrastructure and migration services. This will allow airlines to choose a solution as their requirements change.

Growth Opportunities for Digitalization of Global Airlines Part of Frost & Sullivan’s Global Aerospace and defense Growth partnership service program.

About Frost & Sullivan

Frost & Sullivan has been world-renowned for 60 years for helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, megatrends, new business models and corporate behavior. There are, and as a result, growth opportunities that drive future success. Contact: Start discussion..

Growth Opportunities for Digitalization of Global Airlines

PBB0-56

Media contacts:
Srihari Daivanayagam, Corporate Communication
P: +91 44 6681 4412
E: [email protected]
http://ww2.frost.com

Sauce Frost & Sullivan

Related Links

www.frost.com

Global airline digitization gains traction thanks to digital technology and data analytics

Source link Global airline digitization gains traction thanks to digital technology and data analytics

Source link