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Smart Ports Market worth $16.91 billion by 2030, growing at a CAGR of 22.93% - Exclusive Report by 360iResearch
Smart Ports Market | 360iResearch
The Global Smart Ports Market to grow from USD 3.98 billion in 2023 to USD 16.91 billion by 2030, at a CAGR of 22.93%.
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Smart ports integrate advanced technologies, such as blockchain, the Internet of Things (IoT), and data analytics, into port operations to enhance efficiency, security, sustainability, and overall management. Rapid urbanization and increasing global trade volumes increase the demand for efficient cargo-handling solutions. Furthermore, stringent government regulations regarding greenhouse gas emissions have driven port authorities to adopt environmentally friendly solutions that employ renewable energy sources and smart waste disposal systems. However, the high initial investments required for incorporating advanced technologies could prevent smaller ports from adopting these solutions. In addition to technological advancements and the adoption of IoT-enabled sensor networks to allow real-time tracking and monitoring of assets within ports is expected to encourage the adoption of smart port solutions globally.
The smart ports market is evolving in the Americas due to digitization initiatives to enhance efficiency and optimize supply chain management. The ports in the region are leveraging technology investments to drive environmental sustainability by adopting shore power systems for vessels. Many member countries in the EU have committed to investing in smart port infrastructure as part of their national digital agendas. In the Middle East & Africa region (MEA), governments increasingly recognize the potential of smart port systems to boost economic growth while ensuring sustainable resource management. In addition, South African ports are undergoing a digital upgrade to enhance their competitiveness within the global market. The APAC region is investing heavily in smart port technology to maintain its position as a major trading economy. Economic growth aspirations, sustainable resource management goals, and technological advancements result in elevated growth of the smart ports market in the APAC region. In addition, a rise in research and innovation initiatives and the upgradation of existing port infrastructures are expected to boost the adoption of smart port solutions globally.
Market Segmentation & Coverage:
This research report categorizes the Smart Ports Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Artificial Intelligence, Blockchain, Internet of Things, and Process Automation. The Process Automation commanded largest market share of 34.63% in 2023, followed by Internet of Things.
Based on Solution, market is studied across Gate Automation Solutions, Port Community System (PCS), Smart Cargo-handling System, and Traffic-Monitoring System. The Gate Automation Solutions commanded largest market share of 25.32% in 2023, followed by Smart Cargo-handling System.
Based on Throughput Capacity, market is studied across Extensively Busy, Moderately Busy, and Scarcely Busy. The Moderately Busy commanded largest market share of 42.23% in 2023, followed by Extensively Busy.
Based on Port Type, market is studied across Inland Port and Seaport. The Inland Port commanded largest market share of 84.98% in 2023, followed by Seaport.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Georgia, Illinois, New York, Ohio, Pennsylvania, Texas, Virginia, and Washington. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.87% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Smart Ports Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Smart Ports Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Smart Ports Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Abu Dhabi Ports PSJC, Advantech Co., Ltd., Amazon Web Services, Inc., Awake.AI Ltd., Cargotec Oyj, Cisco Systems, Inc., Continental AG, CyberLogitec Co., Ltd. by Eusu Holdings Co., Ltd., Deutsche Telekom AG, Envision Enterprise Solutions Pvt. Ltd., Evergreen Marine Corp.(Taiwan) Limited, Fujitsu Limited, General Electric Company, Hitachi Energy Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Hutchison Port Holdings Limited, Identec Solutions AG, Intel Corporation, International Business Machines Corporation, Konecranes PLC, Microsoft Corporation, Mitsui O.S.K. Lines, Ltd., Nokia Corporation, Nortal AS, Royal HaskoningDHV, Schneider Electric SE, Shenzhen Kunyun Information Technology Co., Ltd., Siemens AG, SINAY SAS, Tata Consultancy Services Limited, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, Trelleborg AB, Webb Fontaine Group, Windward Ltd., Wipro Limited, and ZPMC Shanghai Zhenhua Heavy industries Co.Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Smart Ports Market, by Technology
7. Smart Ports Market, by Solution
8. Smart Ports Market, by Throughput Capacity
9. Smart Ports Market, by Port Type
10. Americas Smart Ports Market
11. Asia-Pacific Smart Ports Market
12. Europe, Middle East & Africa Smart Ports Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Smart Ports Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Smart Ports Market?
3. What is the competitive strategic window for opportunities in the Smart Ports Market?
4. What are the technology trends and regulatory frameworks in the Smart Ports Market?
5. What is the market share of the leading vendors in the Smart Ports Market?
6. What modes and strategic moves are considered suitable for entering the Smart Ports Market?
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