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Global Smart Airport Market Valuation to Reach US$ 82,984.8 Million by 2031: Astute Analytica

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New Delhi, April 06, 2023 (GLOBE NEWSWIRE) — The global smart airport market is poised to generate revenue of US$ 82,984.8 million in 2031, up from US$ 32,151 million in 2022, at a CAGR of 10.9% over the forecast period from 2023 to 2031.

Get Free sample copy of this report @ https://www.astuteanalytica.com/request-sample/smart-airport-market

The smart airport market is a rapidly growing industry that is expected to continue expanding in the coming years. The market involves the integration of advanced technologies into airport infrastructure to create an intelligent, efficient, and seamless airport experience for passengers. This includes technologies such as biometric facial recognition, smart luggage tracking systems, automated check-in and boarding, and artificial intelligence-powered security screening.

The growth of the market is attributed to the increasing need for efficient airport operations, growing air passenger traffic, and the adoption of digital technologies in the aviation industry.

One of the key factors driving the growth of the smart airport market is the rising demand for seamless travel experiences. Passengers are looking for a more efficient and stress-free travel experience, and airports are investing in smart technologies to meet these demands. Smart airport technologies help reduce the time spent on check-in, security screening, and boarding, thereby improving the overall passenger experience. Additionally, these technologies help reduce the operational costs for airports, as they can automate many of the manual processes involved in airport operations.

Rapid adoption of adoption of Internet of Things (IoT) devices and the rise of smart cities to add fuel to the growth of the smart airport market in the years to come. Smart airports are a part of the larger smart city infrastructure and are expected to play a significant role in shaping the future of transportation. Smart airports are expected to become more integrated with other modes of transportation, such as trains and buses, to create a seamless travel experience for passengers.

Key Developments that Would Support Expansion of Smart Airport Market

  • Government Investment: Many governments around the world are investing heavily in smart airport technologies to improve airport efficiency, reduce operational costs, and enhance passenger experience. For instance, the Indian government has announced plans to invest $60 billion to modernize and expand its airport infrastructure over the next 15 years, with a significant portion of this investment going towards the adoption of smart technologies.
  • According to a report by the Airports Council International (ACI), there are currently over 100 new airports being planned or under construction around the world, with a total investment of over $60 billion across India. These new airports are being designed with smart technologies in mind, with a focus on creating a seamless and efficient passenger experience.
  • Passenger Traffic: According to the International Air Transport Association (IATA), global air passenger traffic is expected to double by 2037, reaching 8.2 billion passengers annually. This growth in passenger traffic is driving the demand for smart airport market to improve efficiency and reduce wait times.
  • Adoption of Biometric Technologies: The adoption of biometric technologies such as facial recognition and fingerprint scanning is rapidly increasing in airports around the world. According to a report by SITA, 77% of airports plan to invest in biometric ID management solutions by 2022, up from 59% in 2018.
  • Digital Transformation: The digital transformation of the aviation industry is driving the adoption of smart airport technologies. According to a report, the aviation industry is expected to spend $50 billion on digital transformation initiatives between 2019 and 2023, with a focus on enhancing passenger experience and improving operational efficiency.

Browse summary of the report and Complete Table of Contents (ToC): https://www.astuteanalytica.com/industry-report/smart-airport-market

Challenges in Global Smart Airport Market

The smart airport market is growing rapidly, but it is not without its challenges. some of the current challenges:

  • Cost: The cost of implementing smart airport technologies can be high, and many airports may struggle to justify the investment.
  • Integration: Integrating smart airport technologies with legacy systems can be challenging, and may require significant resources and expertise.
  • Privacy Concerns: The use of biometric identification and other advanced technologies raises privacy concerns among passengers and other stakeholders.
  • Cybersecurity: Smart airport technologies are vulnerable to cyberattacks, which can have serious consequences for airport operations and passenger safety.
  • Regulatory Issues: Regulations and standards around smart airport technologies are still evolving, which can create uncertainty for airports and technology providers.

Business Application to Hold Lion’s Share in Smart Airport Market

The business application segment includes solutions that are designed to improve airport operations and management, such as airport resource management, business intelligence, and revenue management. This segment is expected to grow at a significant rate, driven by the increasing demand for efficient and cost-effective airport operations.

According to a market research report by Astute Analytica, the business application segment of the market is expected to grow at a CAGR of 12.2% during the forecast period. The report also states that the business application segment accounted for the largest share of the smart airport market in 2022, followed by the core segment.

The growth of the business application segment is attributed to the increasing adoption of digital technologies in airport operations, the need for real-time data analytics and insights, and the growing demand for efficient and cost-effective airport management. The adoption of cloud-based solutions, artificial intelligence, and big data analytics is also expected to drive the growth of the business application segment in the market.

Smart Airport Market is Highly Consolidated, Top 5 Players to Hold More than 50% Market Share

The market is highly consolidated, with a few key players dominating and accounted for more than 50% of the total market revenue in 2022. These players include:

  • Siemens AG
  • Honeywell International Inc.
  • IBM Corporation
  • Cisco Systems Inc.
  • Collin Aerospace

These companies are major players, offering a range of solutions and services to airport operators and airlines. They are investing heavily in research and development to stay ahead of the competition and maintain their market share.

The high level of consolidation in the market is driven by several factors, including the high cost of developing and implementing smart airport technologies, the complex nature of airport operations, and the need for specialized expertise in airport infrastructure and operations. This has made it difficult for new players to enter the market, and has resulted in a small number of dominant players.

However, as the smart airport market continues to grow and evolve, there may be opportunities for new players to enter the market and disrupt the dominance of the top players. This could be driven by the development of new technologies, changing market dynamics, and evolving customer demands.

Some of the Top Market Players Are:

  • Adelte
  • Ascent Technology Inc.
  • Amadeus IT Group SA
  • Ansul
  • Cisco System
  • Collins Aerospace
  • Deerns Airport System Consultants
  • Daifuku Co., Ltd.
  • Sensec Solution AS (Initially DSG Systems)
  • FB Technology
  • Honeywell International, Inc.
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Indra
  • SITA
  • Lufthansa Systems GmbH & Co. KG.
  • QinetiQ
  • RESA
  • S.A.S.
  • Sabre Corporation
  • Selex ES
  • Siemens AG
  • T-Systems
  • Thales Group
  • Vanderlande Industries
  • Vision-Box
  • Wipro Limited
  • Zensors
  • Other Prominent Players

Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/inquire-before-purchase/smart-airport-market

About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Paperpal achieves major milestone; emerges as go-to AI writing assistant for 1 million academics globally

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PRINCETON, N.J., May 22, 2024 /PRNewswire/ — Paperpal, the AI academic writing assistant by Cactus Communications (CACTUS), is proud to announce a significant milestone of surpassing one million users worldwide in just 18 months since its launch. This achievement underscores the trust academics have placed in Paperpal, which has evolved from being an editing tool to a comprehensive AI academic writing assistant, guiding users from ideation to submission readiness.

Leveraging over 22 years of scientific, technical, and medical (STM) experience, Paperpal is continually expanding and deepening its support for students, educators, and researchers globally, empowering them to streamline the academic writing process and deliver high-quality, original content faster than ever before.
Several factors have contributed to Paperpal’s rapid growth, including academic-focused features such as precise, contextual writing and editing suggestions, comprehensive checks, and a user-friendly interface. Moreover, early adoption by the global researcher community, particularly non-native English speakers, has played a pivotal role in driving its popularity. Paperpal’s commitment to prioritizing user feedback for continuous improvement is evident in its consistent high Net Promoter Score (NPS) of 70. This indicates the high user satisfaction and strong recommendations by leading universities, publishers, and academics from 125+ countries, including the United States, United Kingdom, Germany, Italy, Japan, and India.
Expressing excitement on this milestone, Abhishek Goel, Co-Founder & CEO, Cactus Communications, says, “We are thrilled to announce that Paperpal has reached this milestone. Our mission is to help researchers reach their highest potential, and Paperpal as a tool empowers them with assistance in ideation, writing, editing and overall submission readiness of their manuscripts. We look forward to continue to empower students and researchers worldwide to be able to do more with their time.”
Nishchay Shah, Chief Technology Officer and Head, Emerging Products, Cactus Communications, adds, “This milestone is a testament to the dedication of the entire team behind Paperpal, which is continually working to support academics in their research pursuits by building and harnessing the latest AI technologies. With our user feedback-driven roadmap philosophy and continuous iteration, we aim to be the #1 writing tool of choice for academics worldwide.”
Paperpal leverages secure generative AI to provide science-based insights, text suggestions, language and grammar correction, paraphrasing, translation, with plagiarism and submission readiness checks to help academics write better, faster, and move closer to publication success.
For more information, visit https://paperpal.com/
For more details, contact:Nidhi AminCactus Communications (CACTUS)Email: [email protected] | [email protected] Tel no.: +1-267-332-0051
 
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NTT DATA to celebrate its success with SAP at the Sapphire and ASUG Annual Conference 2024

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NTT DATA invites attendees at SAP Sapphire 2024 in Orlando and Barcelona to learn how to bring out the best in their business with SAP, across a range of hosted talks and sessions during the eventsNTT DATA will reveal “Transformation Study 2024” insights at the event in partnership with its subsidiary NatuvionAward Ceremony in Orlando: Four prestigious SAP© Pinnacle Awards underscore NTT DATA’s success as a key partner for SAP globallyBARCELONA, Spain and ORLANDO, Fla., May 22, 2024 /PRNewswire/ — NTT DATA, a global digital business and IT service provider, has announced today that it will celebrate its long and successful partnership with SAP by attending the upcoming SAP Sapphire 2024 conferences worldwide. NTT DATA will be a Platinum Sponsor at the SAP Sapphire and ASUG Annual Conference 2024 from 3-5 June 2024, in Orlando, Florida, and will also be a Platinum Sponsor at the SAP Sapphire event in Barcelona (11-13 June).

“SAP Sapphire is always a highlight for us. We are the top winner this year with four Pinnacle Awards and five finalist recognitions. This underscores the trust that SAP and our customers have in our 35 years of expertise,” said Norbert Rotter, CEO of NTT DATA Business Solutions and EVP NTT DATA, Inc.
Transformation Study to be released at SAP Sapphire
In collaboration with its subsidiary Natuvion, NTT DATA will unveil the Transformation Study 2024 at the SAP Sapphire conference in Orlando and will make it available for download at their booth during both Orlando and Barcelona events. The report will provide in-depth insights into the challenges, success factors and lessons learned by enterprises during the transition from legacy IT systems to modern, innovative technologies. With perspectives from industry leaders in Germany, Austria, Switzerland, Norway, Finland, Sweden, Denmark, UK and the USA, the study reveals how their organizations are modernizing their IT infrastructure and planning for their future.
Celebrate with NTT DATA in Orlando and Barcelona
Meet us in Orlando to learn how we can help power intelligent and sustainable enterprises and ignite tomorrow, today with innovative technology solutions, industry domain expertise and an assortment of SAP lifecycle-based tools and accelerators. Leaders from four NTT DATA Group organisations will address the following topics in Sapphire theatre presentations:
4th June, 10:30am, Orlando – Transforming SugarCreek for Tomorrow with SAP S/4HANA (Strategy Talk)4th June, 11:00am, Orlando – NTT DATA and SAP Preferred Success: Maximizing Value for SugarCreek (Customer Success Story)12th June, 1:30pm, Barcelona – Andel: Transitioning two SAP ECC systems to SAP S/4HANA in the cloudMake sure to stop by our booth or schedule a meeting with our SAP experts who will be available in booth #351 in Orlando, Florida and booth #5.305 in Barcelona, Spain.
For more information visit nttdata-solutions.com.
About NTT DATA
NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. We invest over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure, and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group and headquartered in Tokyo. Visit us at nttdata.com
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
 
 

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BeCause and d2o Team Up to Create First-of-its-Kind CSRD Solution for the Travel and Hospitality Industries

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Combining d2o’s PMI GoGreen environmental management tool and BeCause’s sustainability data management platform offers hotels the only CSRD compliance solution rooted in efficiency and profitability.
NICE, France, May 22, 2024 /PRNewswire/ — BeCause, the Danish start-up transforming how the global hospitality, travel, and tourism industries manage their sustainability data, has partnered with d2o, a leading forecasting and resourcement management technology provider for the hospitality industry, to create a comprehensive Corporate Social Responsibility Directive (CSRD) solution for hotels. The collaboration unites the BeCause Sustainability Hub with d2o’s PMI GoGreen suite of prediction, targeting, tracking, and allocation tools to create an auditable CSRD reporting solution that goes beyond compliance to boost efficiency and profits. The partnership was announced yesterday at the World Sustainable Hospitality Alliance Spring Summit in Nice, France.

By joining forces, BeCause and d2o have taken a giant leap toward building a viable, valuable ecosystem between the hotel industry and technology providers that leverages the power and potential of daily sustainability data management. CSRD compliance is just the starting point; BeCause and d2o are demonstrating that with the right technology, sustainability initiatives can drive operational efficiency and profitability for hotels around the world.
“As an inventor and entrepreneur, it is a dream come true to have a product that fully meets the needs of our customers’ stakeholders, including owners, guests, staff, authorities, and local communities,” says d2o CEO Young Nguyen. “The partnership between d2o and BeCause will enhance the hotel industry’s ability to transform a costly compliance challenge into a business opportunity. We call this partnership PMI GoGreen BeCause… because the hotel industry and the planet require a comprehensive solution to address a complex issue.”
Going Beyond CSRD Reporting and Compliance
As a result of this partnership, the PMI GoGreen tools will be seamlessly integrated into the BeCause platform. This integration, facilitated by an API, allows for the sharing and mapping of data, making it reusable for CSRD reporting. This not only simplifies the compliance process for hotels but also ensures accuracy and auditability at the activity level, meeting financial-grade CSRD reporting standards.
However, the joint solution goes beyond compliance and reporting. By centralizing data within the BeCause platform and applying the integrated PMI GoGreen tools, hotel chains gain visibility into which individual properties are meeting their targets for reducing CO2 emissions, energy consumption, water usage chemicals, waste, towels & linens, and food waste. The combined solution also utilizes machine learning algorithms and predictive analytics to identify those targets and help properties optimize resource usage to meet them amidst daily fluctuating demand. System integration service ensures seamless interoperability between the BeCause Sustainability Hub, PMI GoGreen tools, and various internal hotel systems, including property management, point-of-sale, table reservations, sales and catering, timekeeping, and more.
These combined capabilities allow hotels to increase efficiency—hotels are projected to reap 12-15% in resource savings—cultivate ownership among frontline managers, showcase their sustainability efforts to travelers, and, of course, meet their CSRD compliance obligations.
“We believe in the power of ecosystems, and by partnering with d2o, we’ve built a particularly effective one,” says BeCause CEO and Co-founder Frederik Steensgaard. “Not just in terms of helping hotels reach CSRD compliance, but by using the combined capabilities of our solutions to address everyday issues that impact their margins and organizational effectiveness. Why should compliance and reporting be a cost-heavy headache for hotels when it could be driving profitability and operational efficiency?”
An Efficient Solution Specifically Designed for Hospitality
BeCause is a purpose-built, AI-powered hub that centralizes a hotel’s sustainability data and automates the transmission of that data amongst different stakeholders, such as travel and accommodation booking marketplaces and industry certifications. Additionally, once a hotel enters its data into the BeCause platform, it can be upcycled and automatically mapped to multiple frameworks, making qualifying for voluntary green certifications faster and more efficient while ensuring regulatory compliance.
The PMI GoGreen suite of tools developed by d2o enables hospitality groups to achieve their long-term environmental goals by breaking them down into monthly targets tailored to each property’s attributes and seasonal variations. Each hotel’s future targets are dynamically adjusted based on progress, ensuring the consistency of the group’s end goal. Individual hotels and hotel chains can track their progress with forward looking data-based indicators and utilize predictive analytics to optimize resource allocation, minimize waste, and cut operating costs.
The combined PMI GoGreen BeCause solution leverages these capabilities to deliver at least 100% ROI for hotels that implement it. The solution will undergo a phased roll-out through the summer of 2024 before formally launching in September.
For more information about BeCause, d2o or the partnership, or to request an interview, please contact: Vanessa Horwell at [email protected] for BeCause CEO and Co-founder, Frederik Steensgaard or Young Nguyen [email protected] for d2o, Founder and CEO.
About BeCauseBeCause is an enterprise software company that streamlines the flow of sustainability data and creates synergies between different stakeholders in the travel, tourism, and hospitality industries, empowering them to make decisions that result in positive, responsible change for people, the planet, and their profits. BeCause works with over 25,000 hotels, including brands like Radisson, certification entities like GreenKey, industry partners like the Global Sustainable Tourism Council and the SHA, and marketplaces like Booking.com. For more information, visit because.eco.
About d2o and PMI GoGreenFounded in Norway and built on Scandinavia’s legacy of employee well-being and sustainability, d2o has over 20 years of experience helping clients optimize resources for maximum profit while navigating high-cost environments. The company’s PMI GoGreen Environmental Management System (EMS) empowers hotel managers to surpass compliance and achieve true sustainability. Leveraging auditable data, predictive analytics, and hotel demand, PMI GoGreen reduces CO2 emissions and the usage of critical resources like energy, water, and food and transforms hotel sustainability obligations into a profitable, cross-functional endeavor. For more information, please visit www.d2o.com/sustainability-gogreen-with-pmi-by-d2o/.

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