Military Analytics Market

The Military Analytics market is projected to grow from USD  xx billion in 2024 to USD  xx billion by 2030, at a CAGR of xx% from 2024 to 2030. The increasing requirement to procure advanced analytical software by the aviation industry has led software developers to enhance the capabilities of their predictive, prescriptive, and descriptive analytics solutions for several applications. Listed below are some of the new technologies observed in the Military Analytics market.

To know about the assumptions considered for the study, Request for Free Sample Report

Military Analytics Market Dynamics

Driver: Growing adoption of rugged and smart wearables to collect and analyze critical data during combat

Military Analytics helps batallions in analyzing various combat related situations. With modern electronic equipment, defense forces can collect multiple sets of data which can be automatically analysed to generate appropriate command. Thus, the demand for automated command functions is helping defense forces during effective decision making process.

Restraint: Lack of appropriate analytical skills

The integration between conventional and modern military devices is difficult, which requires huge amount of investments and expertise. In some cases, new devices have different protocols that make these difficult to adopt. Integration of legacy data systems with new technologies is time and effort-consuming and may distract an organization from its core business activities owing to lack of proper analytical skills .

Opportunity: Use of AI-based analytics solutions for critical functions in defense industry

The use of Military Analytics in defense operations requires skilled professionals and can be time-consuming. Artificial intelligence (AI) is a collection of technologies that excel at extracting insights and patterns from large sets of data, which are then employed to make predictions based on that information. Thus, AI is being used to automate the analytics process to make it more efficient and accessible, owing to the improved user interface through natural language processing. Companies such as SAP SE and Oracle Corporation offer several Military Analytics solutions that are based upon the use of AI platforms. For example, Oracle Analytics and Oracle cloud ERP are based on AI. Automation platforms, content management systems, and CRMs are some of the available AI-based analytics solutions in the market. Thus, the incorporation of AI into data analytics can act as an opportunity for the Military Analytics market to grow.

Challenge: Economic challenges faced by the aviation industry due to COVID-19

The COVID-19 outbreak has led to major economic problems and challenges for the defense industry. Since the beginning of the outbreak, the civil defense has been among the most severely hit sectors globally.

Military Analytics Market Ecosystem

Based on component, the solutions segment is projected to lead the market during the forecast period.

Based on component, the Military Analytics market is segmented into solutions and services. The solutions segment is expected to lead the market during the forecast period due to increased demand for customized Military Analytics solutions that can tackle uncertainties in the aviation business. The services segment offers on-demand functionalities of aviation analytics, such as weather reporting and navigation, to focus on specific targeted areas. The Military Analytics services segment is anticipated to grow at a CAGR of xx% during the forecast period.

Based on platform, the ground segment is projected to grow at the highest CAGR during forecast period.

Based on platform, the Military Analytics market is segmented into ground, airborne, and naval. The ground segment is expected to lead the market during the forecast period, owing to the development of sophisticated ground-based military equipment that can be automated to collect, process and generate  useable datasets for military operations.

The Military Analytics market in Asia Pacific is projected to grow at the highest CAGR from 2022 to 2027.

The availability of technical expertise and workforce in countries such as China, Japan, and India is one of the major factors driving the Military Analytics market in the Asia Pacific region. The growing demand for improved functional efficiency and an effective supply chain has positively impacted the Military Analytics market. The presence of startups providing analytics solutions, such as IBS Software Services, is one of the key reasons that aircraft OEMs and MRO solution providers are attracted to the Asia Pacific region where they can procure specifically devised solutions.

To know about the assumptions considered for the study, download the pdf brochure

Key Market Players:

The global Military Analytics market is dominated by a few globally established players such as Oracle Corporation (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM Corporation (US).

Recent Developments

• In July 2022, General Electric signed an MoU with Microsoft and Teradata to work on a solution to lower carbon emissions. The three businesses plan to start collaborating to create a product that will give airplane operators the tools they need to monitor, report, and reduce emissions right away. To tackle the problem of cutting aircraft emissions, the collaboration combines the software solutions of three top companies.
• In July 2022, Askdata, a start-up with a focus on search-driven analytics, was acquired by SAP SE to improve its capacity to support businesses in making more informed decisions. Users can search, engage with, and work together on real-time data to maximize business insights. Askdata's customized experience, which is available in many different languages, connects live to source apps without moving data and keeps the entire business context to deliver insightful responses and proactive insights.
• In July 2022, IFS AB finalized a deal to acquire Ultimo Software Solutions, a Dutch company that offers cloud Enterprise Asset Management (EAM) software. Ultimo Software Solutions has established a solid reputation for the comprehensiveness, adaptability, and customizability of its SaaS EAM solutions. As the only vendor now able to provide Cloud native EAM solutions that cater to every firm with either sophisticated end-to-end business demands or as a standalone point solution, IFS AB stands out from competitors thanks to its partnership with Ultimo Software Solutions.
• In July 2022, Malaysia Airlines extended its relationship with SITA to complete a significant upgrade that will provide quick, secure, and dependable network connectivity between its hub in Kuala Lumpur and its international operations. Malaysia Airlines will use SITA Connect, which was created especially for the aviation sector, to satisfy its demands within and outside of airports. SITA's global presence at over 650 airports in 220 countries and territories will provide easy access to new features and apps, cut connectivity costs, improve service quality as well as simplify the check-in process for passengers.
• In May 2022, Oracle Corporation signed a contract to buy Adi Insights, a leading supplier of workforce management systems. The acquisition will enable SuitePeople, NetSuite's human resource management platform, to manage overtime, capture time, estimate demand, and schedule shifts.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst