The airport digitalization market is fragmented, with numerous start-ups and conglomerates offering IT solutions.Leading companies have distinguished their products and services by developing next-generation technological capabilities, bundling and upselling solutions, and creating cross-industry synergies.
The competitive environment, however, is intense as airports around the world continue to adapt to changes brought on by the COVID-19 pandemic.Suppliers in this space range from boutique data and analytics providers to airport specialists and IT multinationalsCOVID-19 has changed the digital priorities of airports worldwide.
The key focus now is on implementing contactless technologies, streamlining operations, and optimizing revenue through faster turnarounds in passenger flow that result in increased dwell time.With every facet of aviation being digitized, stakeholder collaboration to ensure an easy flow of data has never been more important.
While a Big Data-enabled platform would allow multiple industry stakeholders to share data to optimize operations, the increase in interconnected solutions has made the data ecosystem more vulnerable. Airports and airlines must always be mindful of data privacy and security regulations. The radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the radar™ methodology. The document presents competitive profiles on each of the companies in the radar™ based on their strengths, opportunities, and a small discussion on their positioning. The analyst examines hundreds of companies in an industry and benchmarks them across 10 criteria on the radar™, where the leading companies in the industry are then positioned.
Author: Nripendra Bahadur Singh