Robust Growth in Smart Ports Market (2023-2030): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors |Netflix, HBO Now, Amazon Prime Video

The global smart ports market is estimated to grow at a CAGR of nearly 26.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the logistics sector and rising demand for automation in ports. A significant rise in the logistics sector has been witnessed in developed and developing countries owing to the rising international trade operations and increasing e-commerce industry. Due to the increase in cross-border e-commerce sales, the demand for maritime transportation has significantly increased over the years. The cross-border business-to-consumer (B2C) sales reached an estimated $412 billion in 2017, which is accounted for nearly 11% of total B2C e-commerce, a 4% hike as compared to 2016.

The top ten countries by B2C e-commerce sales include China, the US, UK, and Japan with nearly $1,062 billion, $753 billion, $206 billion, and $147 billion, respectively. The cross-border e-commerce trade usually requires long-distance transport, which contributes to the demand for maritime transportation. As per the United Nations Conference on Trade and Development, nearly 80% of the international trade is carried out by commercial shipping. This, in turn, increases the need for port terminals to conduct transportation operations more efficiently.

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Market Coverage

Market number available for - 2023-2030
Base year- 2022
Forecast period- 2024-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Smart Ports Market- Segmentation

By Port Type

Cargo Ports
Sea Ports
By Throughput Capacity

Extensively busy (above 18 million Teu)
Moderately busy (5-18 million Teu)
Scarcely busy (below 5 million Teu)
By Technology

Internet of Things (IoT)
Blockchain
Artificial Intelligence (AI)
Process Automation
A full report of Smart Ports Market available @ https://www.omrglobal.com/industry-reports/smart-ports-market

Smart Ports Market- Segment by Region

North America

US
Canada
Europe

Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East and Africa
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