Global Airport IT Spending Market CAGR Growth of 4% by 2020
March 8, 2016 | PRNewswireEstimated reading time: Less than a minute
Research and Markets has announced the addition of the "Global Airport IT Spending Market 2016-2020" report to their offering.
This comprehensive report predicts tgat the global airport IT spending market will grow with a CAGR of 4% during the 2016-2020 period.
Commenting on the report, an analyst from the research team Social media provides an effective platform for airports and airlines to continuously engage with their passengers and other customers in real time. For example, Virgin America successfully adopted the social CRM strategy and is rated highly for its personalized services.
According to the report, airports are focusing on advanced technologies to improve passengers' experience and meet their rising service expectations. The growing mobility of the global workforce has increased regular travel and passenger traffic significantly at most airports. Managing the passenger experience during transit and travel has become essential for airports that seek to boost revenues by converting satisfied passengers into repeat customers.
Further, the report states that the acquisition and retention of qualified IT professionals is a major challenge for airport Chief Information Officers (CIOs).
Suggested Items
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Boeing Opens Research & Technology Center in Japan
04/23/2024 | BoeingBoeing today opened a Boeing Research & Technology (BR&T) Center in Japan that will focus on innovation to enable the commercial aviation industry meet its goal of net zero carbon emissions by 2050.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Argonne, RIKEN Sign a Memorandum of Understanding in Support of AI for Science
04/16/2024 | BUSINESS WIRELeaders in high performance computing in the U.S. and Japan have signed a memorandum of understanding (MOU) establishing a cooperative relationship in support of artificial intelligence (AI) computing projects.
RAICo Fellowship to Widen Participation Within the Field of Robotics and Artificial Intelligence
04/12/2024 | RAICoWOMEN and those early in their academia career who are passionate about robotics and artificial intelligence are encouraged to apply for a RAICo Fellowship.