Global and United States Waterway Transportation Software and Services Market Expected to Witness Significant CAGR Growth till 2022

At present, the waterway transportation software and services play a vital role in lowering the operation cost and leveraging the business performance. Approx., 80% of the heavy freight volume is transported through waterway transportation, due to this the market of waterway transportation software solutions and services has been gaining huge momentum. Considering this fact, Market Research Hub has recently added a latest study to its mega-repository, which is titled as “2017-2022 Waterway Transportation Software and Services Report on Global and United States Market, Status and Forecast, by Players, Types and Applications”. This study encapsulates detailed analysis of the market over the last five years and provides extensive market forecasts by region/country and sub sector.

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Due to growing urbanization and industrialization, the shipping or transportation companies have implemented a number of techniques such as new software development together with cargo security which is termed as waterway transportation software and services. In the initial section, the research provides thorough analysis of global and United States market of waterway transportation software and services, from angles of players, regions, product types and end industries. The major regions highlighted in the report are United States, North America, South America, Asia-Pacific, Europe, Middle East and Africa.

Moreover, a section covering market estimated the size and driving factors, and trends forecast including analysis of regional demand and growth trends, both - sales & volume, at each level of the detail are estimated till 2022, to give a glimpse of the potential market size in terms of value in this market. As per the report findings, the North America, especially The United States plays a vital role in global market, with market size of higher value in USD in 2016 and estimated to expand rapidly at a remarkable value USD in 2022, with a double digit CAGR. Rising popularity of containerization and emergence of new ports has influenced the growth of the market to a greater extent. The advent of containerization has brought about a dramatic shift in the industry.

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On the basis of product, the market is mainly split into Vessel Tracking, Yard Management, Warehousing, Ship Broker, Freight Security and Maritime Software. Major applications where this software and services are used include Consumer & Retail, Industrial & Manufacturing, Oil & Gas; and Energy & Mining.

Later, the major players operating in global and United States Waterway Transportation Software and Services market are also included in study. They are Accenture, Bass Software, Veson Nautical Corporation, Aljex Software, Descartes Systems Group, Highjump Software, Trans-I Technologies, DNV GL, SAP. Further, details regarding major industry companies together with information such as company profiles, product specifications, manufacturing base and contact information are also mentioned. The key strategies adopted by the prominent players have also been included in the study.

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This release was published on openPR.