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November 22, 2018

Airports in China bolster IT investment with focus on cybersecurity

Chinese airports and airlines have boosted their IT spending with a particular focus on cybersecurity, according to the SITA 2018 Air Transport IT Insights for China. 

Chinese airports and airlines have boosted their IT spending with a particular focus on cybersecurity, according to the SITA 2018 Air Transport IT Insights for China.

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The study found that investments are also being increased to equip new airports and terminals with the latest technology and manage growing passengers numbers.

An influx of passengers in China surged approximately 13% to more than one billion over the past year. Subsequently, Chinese airports increased their IT investment from 5.6% of revenues last year to 7.5%, which is more than the global average of 5.69%.

The report further highlights that around 94% of airlines and airports are planning major cybersecurity programmes or R&D over the next three years.

This year, airlines and airports are planning to spend 7% and 18% of their IT budget on cybersecurity respectively.

“Our research shows that 100% of airlines and 95% of airports have digital transformation already in place, under implementation, or planned.”

SITA East Asia vice-president and general manager May Zhou said: “Digitisation is top of mind for both airlines and airports in China. Our research shows that 100% of airlines and 95% of airports have digital transformation already in place, under implementation, or planned.”

Alongside IT, baggage management is another key investment in China. Almost 100% of Chinese airlines are planning to have more than 50% of their route network compliant with the IATA 753 Resolution by next year.

Additionally, 100% of the airports will be using two of the four steps tracked by the end of 2021. Nearly, 94% of them will have transfer and arrival tracking also in place.

Zhou added: “Over the past number of years, there has been a focus on investing in disruption management and A-CDM and the industry is now enjoying the benefits of those investments.

“Today we see that airlines and airports in China have set their sights on improving baggage management. With this commitment, China is set to lead the world in efficiently managing this process, reducing costs and improving the passenger baggage experience.”

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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