Global Airline Technology Integration Market Valued at $21 Billion in 2021, Expected to Hit $89.1 Billion by 2031
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Covid-19 scenario-
The airline industry suffered severe losses throughout its development as a result of border closures and the termination of non-essential travel. Millions of travelers had to cancel their local and international flights owing to the restrictions on board, which impacted the global airline technology integration market negatively.
However, the market has now got back on track.
The global airline technology integration market is analyzed across type, technology, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By technology, the cybersecurity segment held the highest share in 2021, garnering around one-third of the global airline technology integration market revenue. The artificial intelligence segment, on the other hand, would showcase the fastest CAGR of 16.7% throughout the forecast period.
By offering, the software segment contributed to around three-fourths of the global airline technology integration market share in 2021, and is projected to rule the roost by 2031. The same segment would also display the fastest CAGR of 16.3% throughout the forecast period. The hardware segment is also discussed in the report.
By deployment, the on-premises segment accounted for the highest share in 2021, generating more than half of the global airline technology integration market revenue. The cloud segment, simultaneously, would portray the fastest CAGR of 16.5% during the forecast period.
By region, North America held the major share in 2021, garnering more than one-third of the global airline technology integration market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 16.9% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA.
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The key market players analyzed in the global airline technology integration market report include Boeing, Collins Aerospace, Honeywell International Inc. IBM, L3Harris Technologies, General Electric, Lufthansa Technik, Airbus, and OracleSAP SE. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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