Global Waterway Transportation Software and Services Market Market Report to Explain Key Companies Contribution for its growth to 2025

Waterway Transportation Software and Services Market by Solution (Warehousing, Vessel Tracking, Freight Security, Yard Management, Ship Broker, and Maritime Software), & by Service (Managed, Consulting, Simulation & Training) – Global Forecast to 2018

The increased demand from the developing economies and introduction of containerization are playing a major role in shaping the future of the waterway transportation software and services market. As the transportation industry is booming globally the standards for transportation has drastically enhanced. Organizations need to deliver the goods as quickly as possible, without any damage and at minimum cost. Due to these requirements, the transportation industry is witnessing dramatic technological changes such as Machine to Machine (M2M) communication. In this highly complex industry, daily tons of cargo is transported from one region to another globally, which generates huge amount of data. This huge pile of data is now being intelligently used to manage the fleet and ships. The M2M communication enables shippers to make decisions based on this information thus increasing the operational efficiency. These technological changes are now driving the waterway transportation software and services market and shaping its future growth.

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Rising popularity of containerization and emergence of new ports has influenced the growth of the market to a greater extent. Advent of containerization has brought about a dramatic shift in the industry. However, lack of awareness about the advantages offered by waterway transportation software and services has hampered market growth to a greater extent. On the other hand, concerns over piracy incidents as well as ship accidents, which has persuaded shipping companies to consider solutions including managed services and audit software, is anticipated to create greater opportunities.

The market segments covered in the market research report includes solution, service, deployment model, vertical and geography. The solution covered in the market research report are freight security, audit and claim software, maritime software and more. Services discussed during the study include managed services, consulting services and training services. Popular deployment model covered are hosted, on -premise and hybrid. Business verticals served by waterway transportation software and services market consists of chemicals, oil and gas, retail and consumers, mining and energy and may others. Regions such as North America, Europe, Asia -Pacific and LAMEA.

A closer look at the competitive landscape reveals that major IT brands are busy launching solutions and generating clients in the same month itself. Prominent market players are also seen acquiring new companies or local market players to maintain their competitive edge. Other business strategies favored by the companies include constant upgradation, joint ventures and collaborations. Key market players active in the waterway transportation software and services market are High Jump Software, Veson Nautical, SAP, Aljex Software, Accenture, Trans-I Technologies, Descartes Systems and Accenture.

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The major players operating in the global Waterway Transportation Software and Services market includes Accenture(Republic of Ireland), DNV GL(Norway), Cognizant(The U.S), High Jump Software(The U.S), Trans-i Technology(The U.S), BASS(Norway), Veson Nautical(The U.S),Aljex Software(The U.S), SAP (Germany) and Descartes Systems(Canada) among others.

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KEY BENEFITS FOR STAKEHOLDERS

The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth from 2018 to 2025.

The study further drills down to produce data volume by components, end customers and demography.

SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.

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