Maritime Information Market 2022 | Market Worth US$ 2.9 Billion by 2027 | Growth Rate (CAGR) of 10.1% | IMARC Group

The latest report by IMARC Group, titled "Maritime Information Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global maritime information market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global maritime information market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2027, exhibiting a growth rate (CAGR) of 10.1% during 2022-2027.

Maritime information solutions are those that provide vital data to analyze the events occurring on offshore-based platforms or vessels. They aid vessels in adjusting to dynamic sea conditions and interpreting various parameters to assist users and organizations with operational or strategic decisions. Maritime information solutions also enhance the overall productivity, safety, efficiency, etc., of marine operations. Across the globe, they are widely implemented to observe naval traffic while avoiding collisions with other ships.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The rising adoption of advanced maritime technologies across countries is primarily driving the maritime information market. Moreover, the integration of Big Data analytics and cloud platforms with maritime information systems is further bolstering the market growth. Besides this, the growing adoption of Internet-of-Things (IoT) and machine-to-machine (M2M)-based solutions for improving the operational efficiency of maritime information systems is also augmenting the global market.

Furthermore, extensive research and development (R&D) activities to ensure accurate signal detection from naval vessels are acting as significant growth-inducing factors. Apart from this, the inflating utilization of these tools to minimize numerous maritime threats, including human trafficking, terrorist attacks, environmental destruction, illegal immigration, etc., is anticipated to fuel the marine information market over the forecasted period.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/maritime-information-market

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Inmarsat
• L3 Technologies
• ORBCOMM
• Raytheon Company
• Thales Group
• exactEarth
• Iridium Communications

Breakup by Application:

• Maritime Information Analytics
• Maritime Information Provision
• Vessel Tracking
• AIS (Automatic Identification System)

Breakup by End-User:

• Government
o Defense
o Intelligence and Security
o Search and Rescue
o Government Agency
o Others
• Commercial
o Port Management
o Business Intelligence
o Commercial Fishing
o Commercial Shipping
o Hydrographic and Charting
o Commercial Offshore
o Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.