Global Aviation Cyber Security Market Is Expected To Grow At More Than 7.5% Cagr During The Period, 2017 To 2023.
The global aviation cyber security market has seen a remarkable growth over the past few years. It has been expected that the market will grow at a rapid pace during the forecast period. Over the last couple of years, the aviation industry has undergone various advanced security system, where, cyber security is their main point of attraction. The airline services have been increasing, and are becoming more focused on implementing information technology in their system. As a result, the aviation industry has given high chances of cyber-attacks. However, to control these types of attacks, aviation industry is focusing more on cyber security solutions.
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Market Research Analysis
The global aviation cyber security market has been analyzed, based on deployment, application and region. Based on deployment, the market is bifurcated as on-cloud and on-premise. The cloud based deployment leads the market and is projected to retain its dominance over the forecast period. Due to being more cost effective than its counterpart segment it has raised the demand of cloud based cyber security solution. In addition, the increasing cyber-attacks and hacking have also boosted the demand of the segment.
On the basis of application, the global aviation cyber security market has been segmented as airline management, airport management, air traffic management and air cargo management. In 2016, the airline management segment dominated the market, and has accounted for more than 40% of the market share. The aviation sector has been increasingly adopting airline management solutions as they offer better financial results, improve customer service, and enhance operational efficiency.