With 7.3% CAGR, United States Maritime Information Market Size US$ 679 Million by 2027

IMARC Group's latest report, titled "United States Maritime Information Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the United States maritime information market size reached US$ 440 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 679 Million by 2027, exhibiting a growth rate (CAGR) of 7.3% during 2022-2027.

Maritime information solutions provide essential information and data to understand the events occurring in marine transportation. They assist vessels in adapting to dynamic sea conditions by providing several parameters that help users and organizations make better operational and strategic decisions. They also enhance the overall productivity, safety, and efficiency of marine operations. In the United States, maritime information solutions are deployed with Automatic Identification System (AIS) to monitor naval traffic while avoiding collisions with other ships.

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United States Maritime Information Market Demand:

The United States maritime information market is primarily driven by a rise in the development of maritime information systems for national defense. Besides this, the integration of big data analytics with maritime information is being used to manage and monitor disaster management and volcano monitoring in the region. The adoption of the Internet of Things (IoT) or machine-to-machine (M2M) products and services with the support of cloud platforms is also improving the efficiency of maritime information systems. Furthermore, manufacturers are developing new technologies and financing research and development (R&D) activities to attain accurate signal detection from naval vessels.

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Key Market Segmentation:

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:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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