Marine Management Solutions Market: Empowering Growth Through Government Support and Cloud-Based Innovations || Oracle, ABB Ltd, Kongsberg Gruppen

As per The Business Research Company's Marine Management Software Opportunities And Strategies Market Report 2023, the global marine management software market reached a value of nearly $1,645.21 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.84% since 2017. The market is expected to grow from $1,645.21 million in 2022 to $2,806.04 million in 2027 at a rate of 11.27%. The market is then expected to grow at a CAGR of 11.65% from 2027 and reach $4,869.03 million in 2032.

Government support is expected to drive the growth of the marine management software market going forward. Growing government efforts to raise public awareness of the new technologies that are offered are affecting the market's overall expansion. For example, in February 2023, the UK government announced two new investments totaling £84.4 million ($102 million), to help decarbonize the maritime sector: a £77 million ($93 million) Zero Emission Vessel and Infrastructure (ZEVI) competition and a £7.4 million ($9 million) flagship UK National Clean Maritime research hub.

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Companies in the marine management software market are focusing on new technologies and developing new product solutions to strengthen their position in the market. For example, in February 2022, StormGeo, a Norway-based provider in weather intelligence and decision-support solutions for the shipping industry, launched a new Carbon Intensity Indicator (CII) Dashboard that provides ship operators with the digital tool for calculating, reporting and proactively improving the CII rankings of their fleet.

The top opportunities in the marine management software market segmented by component will arise in the software segment, which will gain $807.29 million of global annual sales by 2027. The top opportunities in the marine management software market segmented by location will arise in the onshore segment, which will gain $883.03 million of global annual sales by 2027. The top opportunities in the marine management software market segmented by end user will arise in the commercial segment, which will gain $914.08 million of global annual sales by 2027. The top opportunities in the marine management software market segmented by application will arise in the port management segment, which will gain $453.94 million of global annual sales by 2027. The marine management software market size will gain the most in the USA at $354.46 million.

Marine Management Software Market Segmentation:
The marine management software market is segmented by component, by location, by end-user and by application.

By Component -
a) Software
b) Services

By Location -
a) Onshore
b) Onboard

By End-User -
a) Commercial
b) Defense

By Application -
a) Crew Management
b) Port Management
c) Harbor Management
d) Reservation Management
e) Cruise And Yacht Management
f) Other Applications

Major players in the marine management software market include Oracle, ABB Ltd, Kongsberg Gruppen, DNV GL, Lloyd's Register.

The regions covered in the global marine management software market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Marine Management Software Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Marine Management Software Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Marine Management Software Market, Conclusions And Recommendations
23. Appendix

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