Artificial Intelligence
$1.8 Billion Aircraft Digital Maintenance, Repair and Overhaul (MRO) Market: Global Forecast to 2030 Featuring Major Players – BoeingGE, Lufthansa Technik, SAP, and IBM
Dublin, Nov. 06, 2020 (GLOBE NEWSWIRE) — The “Digital MRO Market 2030” report has been added to ResearchAndMarkets.com’s offering.
The Digital Mro Market is Projected to Grow from USD 606 Million in 2020 to USD 1,809 Million by 2030, at a CAGR of 11.6% from 2020 to 2030.
The increasing digitalization of MRO to increase efficiency and reduce aircraft downtime is the key factor that is expected to fuel the growth of the digital MRO market. However, limited budgets that restrain the adoption of MRO hurdle the growth of this market.
The digital MRO market includes major players Boeing (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and the Rest of the World. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect digital MRO services by 30-40% globally in 2020.
The artificial intelligence segment of the market is projected to grow at the highest CAGR from 2020 to 2030.
Based on application, the artificial intelligence segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for predictive maintenance, part failure analysis, and troubleshooting.
Based on end-user, the MROs segment is projected to lead the digital MRO market across the forecast period
Based on end-user, the MROs segment is projected to lead during the forecast period. Due to the demand for workflow efficiency and reducing aircraft downtime, the market for MROs is expected to lead during the forecast period.
The North American region is estimated to account for the largest share of the digital MRO market in 2020
The digital MRO market in the North American region is expected to witness substantial growth during the forecast period, owing to the high adoption of digitalization by MROs across the region. The MROs in this region are opting for solutions to optimize the complex repair and maintenance tasks with the help of advanced technologies such as robotics, digital twin, etc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Digital MRO Market
4.2 Asia-Pacific Digital MRO Market, by End-user and Country
4.3 Europe Digital MRO Market, by Application
4.4 Digital MRO Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Predictive, Prescriptive, and Condition-Based Maintenance Through Data Shared by Connected Aircraft
5.2.1.2 Growing Adoption of Software-As-A-Service (Saas)
5.2.1.3 Rising Need for Replacing Legacy Aviation Management Information Systems
5.2.2 Restraints
5.2.2.1 High Cost of Acquisition of Integrated MRO Software Suite
5.2.2.2 Lack of a Common Data Standard
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Internet of Things (Iot), Artificial Intelligence (Ai), Blockchain, Augmented Reality (Ar), and Big Data Analytics by MROs
5.2.3.2 Growing Demand for 3D-Printed Parts and Robotic Inspection
5.2.4 Challenges
5.2.4.1 Compliance with Stringent Aviation Regulations
5.2.4.2 Increasing Cybersecurity Concerns
5.2.4.3 COVID-19 Impact: Reduced Global Demand for Maintenance, Repair, and Overhaul (MRO)
5.3 Average Selling Price Trend, Usd
5.4 Value Chain Analysis
5.4.1 Design & Engineering
5.4.2 Technology Development
5.4.3 Maintenance & Support
5.4.4 Simulation & Training
5.5 Ecosystem/Market Map
5.6 Case Studies
5.6.1 Wearables
5.6.1.1 Klm Engineering & Maintenance and Royal Netherlands Aerospace Centre (Nlr) Have Created a Joint Venture Called Nuveon for Developing Ar/Vr Based Solutions
5.6.2 Robotics
5.6.2.1 Air New Zealand Has Teamed Up with MRO Provider St Engineering for Trial Testing of Droscan, a Drone-Based Aircraft Inspection Solution
5.6.3 Digital Twin
5.6.3.1 GE Aviation is Producing a Digital Twin for Each Engine Being Manufactured
5.6.4 3D Printing
5.6.4.1 Eos Has Tied Up with Etihad Airways Engineering for MRO
5.6.4.2 Royal Netherlands Air Force to 3D Print Tools That Fit into the Custom-Made Parts of Aircraft
5.6.5 Predictive Analysis
5.6.5.1 Delta Ops Enters into a Contract with Airbus for Predictive Maintenance Technology
5.6.5.2 Thai Airways Partnered with Airbus for Developing Robotics for Predictive MRO
5.7 Digital MRO Market Scenarios (2016-2030)
6 Industry Trends
6.1 Introduction
6.2 Technological Advancements in the Aviation Industry
6.2.1 Aviation Cloud
6.2.2 Internet of Things (IoT)
6.2.3 Prescriptive Maintenance
6.2.4 Augmented Reality
6.2.5 Blockchain Application in MRO
6.3 Transformation of Aviation Industry Through Data Science Revolution
6.3.1 Optimization of Operations
6.4 Emerging Trends
6.4.1 Maintenance On-The-Go
6.4.2 Increased Mobility
6.4.3 3D Printing
6.4.4 Big Data
6.5 Application Areas for New Technologies in Digital MRO Market
6.5.1 Introduction
6.5.2 Aviation Cloud Technology
6.5.3 Advanced Analytics and Digital Transformation
6.5.4 Data Routing
6.5.5 Artificial Intelligence
6.5.6 Internet of Things
6.6 Parameters for the Selection of an MRO Software
6.7 Innovations and Patent Registrations
6.8 Impact of Mega Trend – Aviation Cloud
7 Digital MRO Market, by Technology
7.1 Introduction
7.2 Predictive Maintenance
7.2.1 Predictive Analysis Reduces Downtime and Increases Operational Efficiency for Airlines
7.3 Ar/Vr
7.3.1 Training
7.3.2 Operations
7.4 3D Printing
7.4.1 3D Printing in MRO is Expected to Help Reduce the Time Required to Source Parts During Maintenance
7.5 Blockchain
7.5.1 Blockchain is Useful in the Complex Supply Chain of MROs, Wherein Failure, the Risk of Cyberattacks, and High Cost are Involved
7.6 Artificial Intelligence
7.7 Robotics
7.7.2 Drones
7.7.3 Robots
7.8 Big Data Analytics
7.8.1 MROs Have Not Taken Advantage of Big Data for Maintenance Management to Help Reap Benefits, Such as Faster Turnaround Times, Increased Aircraft Availability, Cost Savings, and Fewer Maintenance Delays
7.9 Digital Twin
7.9.1 GE Utilizes Its Digital Twin Technology for Continuously Monitoring Aircraft Engines Produced Till Date for Performance Monitoring Using Its IoT Sensors
7.10 Internet of Things
7.10.1 Internet of Things is Expected to Help Reduce Unscheduled Maintenance, as All Connected Devices Continuously Feed Data into a Centralized System
8 Digital MRO Market, by Application
8.1 Introduction
8.2 Inspection
8.2.1 Advancements in the Robotics Technology are Expected to Lead to an Increase in the Demand for Robot-Based Inspection
8.3 Performance Monitoring
8.3.1 IoT Sensors Provide Real-Time Information About Aircraft Engine Components, Which Helps in the Improvement of Engines, and Predictive Analysis
8.4 Predictive Analysis
8.4.1 Increasing Next-Generation Aircraft Fleet is Expected to Drive the Demand for Predictive Analytics
8.5 Part Replacement
8.5.1 Increasing Demand for 3D Printed Parts is Expected to Drive the Demand for Part Replacement
8.6 Mobility & Functionality
8.6.1 Mobility & Functionality Includes Advanced Software Which is Used to Integrate Data and Connect with Other Parties
9 Digital MRO Market, by End-user
9.1 Introduction
9.2 COVID-19 Impact on End-user Segments of Digital MRO Market
9.2.1 Most Impacted End-user Segment
9.2.2 Least Impacted End-user Segment
9.3 Airlines
9.3.1 Small Airlines
9.3.2 Medium Airlines
9.3.3 Large Airlines
9.4 MRO
9.4.1 Small MRO
9.4.2 Medium MRO
9.4.3 Large MRO
9.5 OEM
9.5.1 Aircraft OEM
9.5.2 Engine OEM
10 Regional Analysis
11 Competitive Landscape
11.1 Introduction
11.1.1 Market Evaluation Framework
11.2 Competitive Leadership Mapping
11.2.1 Star
11.2.2 Emerging Leader
11.2.3 Pervasive
11.2.4 Participant
11.3 Competitive Leadership Mapping of Start-Ups
11.3.1 Progressive Companies
11.3.2 Responsive Companies
11.3.3 Starting Blocks
11.3.4 Dynamic Companies
11.4 Market Share of Key Players, 2020
11.5 Ranking and Revenue Analysis of Key Players, 2020
11.6 Competitive Scenario
11.6.1 New Product Launches
11.6.2 Agreements, Partnerships, Acquisitions, and Collaborations
11.6.3 Contracts
12 Company Profiles
12.1 Introduction
12.2 Ansys
12.3 Boeing
12.4 Capgemini
12.5 SAP
12.6 General Electric (GE)
12.7 Hexaware
12.8 Honeywell
12.9 IFS
12.10 International Business Machines (IBM)
12.11 Lufthansa Technik
12.12 Ramco Systems
12.13 Rusada
12.14 Swiss Aviationsoftware
12.15 Winair
12.16 PTC Inc
12.17 Traxxall
12.18 Eon Reality
12.19 Aero Glass
12.20 Sita
12.21 Atheer Air
12.22 Startup/SME Profiles
12.22.1 Jasoren
12.22.2 Future Visual
12.22.3 Fountx
12.22.4 Magic Leap
12.22.5 Oculus VR
For more information about this report visit https://www.researchandmarkets.com/r/2dh2v8
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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