ALBANY, New York, November 28, 2016 /PRNewswire/ -- Transparency Market Research has published a new market report titled " Airport Information System Market (Operation - Airside and Terminal Side; Airport Category - Commercial Service Airport, Cargo Service Airport, and Reliever Airport; Solution - FIDS, Resource Management Solutions, P.A. System, Baggage Processing, Passenger Processing, Airport Operations, Airport Information, and AODB) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024". According to this report, global airport information system market will exhibit a 7.2% CAGR over the period between 2016 and 2024, rising from a valuation of US$25,185.0 mn in 2015 to US$46,950.6 mn by 2024. Baggage Processing Systems Continue to Witness Heightened Adoption In terms of solutions, the segment of baggage processing accounted for the dominant share in the global market in 2015, valuing at US$6,303.9 mn. Although the segment is expected to exhibit a relatively lower 8.4% CAGR compared to segments such as passenger processing (9.5% CAGR) and flight information display systems (9.1% CAGR) over the period between 2016 and 2024, it will continue to hold the dominant chunk in the global market's revenues over the said period. Geographically, developed economies across North America and Europe account for the dominant share in the global market and will continue to do so in the next few years as well. Download exclusive Sample of this reporthttp://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7670Rise in IT Expenditure and Implementation of Automated Solutions in Aviation to Drive Market The demand for effective information systems has significantly increased in response to the vast rise in global air traffic and air passengers in the past few years. To ensure efficient operations and passenger convenience amid the vast rise in infrastructural pressure on existing systems owing to this scenario, governments and private companies have sharply increased capital investment for airport construction and expansion activities. This is the key factor to have upped the demand for advanced IT solutions that can effectively handle and display crucial information to all stakeholders within an airport's premise and other related contact points.