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Smart Ports Market Revenue & Gross Margin, Opportunities, Challenges and Risks Analysis Report 2023-2032| Wipro Limited, IBM Corporation, ABB, Ramboll Group A/S
Smart Ports Market Size
The Business Research Company's Smart Ports Global Market Report 2023 identifies The encouragement and participation from governments all over the world in the form of initiatives as the major driver for the smart ports market's growth in the forecast period. Growing concerns about climate change have pushed governments across the world to adopt sustainable development projects to reduce carbon footprint and increase efficiency. To implement digitization, governments are encouraging the adoption of technologies such as big data, artificial intelligence, and the Internet of Things (IoT) in the ports sector.
The global smart ports market size grew from $1.77 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart ports market size is expected to grow to $5.02 billion in 2027 at a CAGR of 23.1%.
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Major competitors in the smart ports market are Wipro Limited, IBM Corporation, ABB, Ramboll Group A/S, Abu Dhabi Ports, Awake, AI, PORT OF ROTTERDAM, Royal Haskoning, Trelleborg AB, IkusiRedes de Telecomunicaciones, S.L., Navis, China Merchants Port Holdings Company, General Electric, and Siemens.
A key trend in the smart ports market includes The adoption of smart technologies. The implementation of technologies such as the Internet of Things (IoT), artificial intelligence (AI), blockchain, and big data has changed the way the smart ports operate in comparison to the traditional ports. For example, in April 2021, Abu Dhabi Ports introduced a new digital service to smoothen the management of Abu Dhabi's slipways, which are ramps for moving boats and other watercraft to and from the water to ease congestion at peak times. Thus, the adoption of smart technologies has made the end-to-end process of port management efficient.
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The smart ports market is segmented -
• By Port Type: Seaport, Inland Port
• By Element: Terminal Automation And Cargo Handling, Port Community System (PCS), Traffic Management System (TMS), Smart Port Infrastructure, Smart Safety And Security
• By Technology: Internet Of things (IoT), Blockchain, Process Automation, Artificial Intelligence
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the smart ports market.
The Business Research Company's "Global Smart Ports Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart Ports Market Include:
1. Executive Summary
2. Smart Ports Market Characteristics
3. Smart Ports Market Trends And Strategies
4. Smart Ports Market - Macro Economic Scenario
5. Smart Ports Market Size And Growth
……
26. Africa Smart Ports Market
27. Smart Ports Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Ports Market
29. Smart Ports Market Future Outlook and Potential Analysis
30. Appendix
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