PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1226497
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1226497
Global Smart Ports Market is valued approximately USD 2.96 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 32.4% over the forecast period 2022-2029. Smart port can be defined as an automated port which uses high-end smart technologies comprising big data, internet of things (IoT), blockchain and artificial intelligence (AI) for enhancing performance and economic competitiveness. The Smart Ports market is expanding because of factors such as increasing international maritime trade activities and rising adoption of smart city ecosystem.
Smart port offers several benefits over traditional port including reduced human-intervention, limited operational expenses, intelligent decision making, and more predictable performance. A. Its prevalence has progressively increased during the last few decades. According to the Statista, in 2021, the volume of global seaborne trade was estimated to be around 11 billion tons. Furthermore, in 2021, the global trade value of goods exported throughout the world amounted to approximately USD 22.3 trillion. Another important component driving space increase is smart city ecosystem. The projected global revenue for smart city technologies, products, and services is forecast to reach USD 129 billion in 2021. This revenue includes all revenue that companies generate by offering technologies and products that use information and data technologies to create more value within the public city environment. The successful launch of this product may provide patients with an alternative option. However, risks associated with data breach stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Smart Ports Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing industrialization along with the availability of technology in cheap tech economies like China and Taiwan. According to the UNCTAD Review of Maritime Transport, in 2021, the region held a share of 54.0% in maritime trade. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rapid economic development as well as the growth of the manufacturing and energy sectors, thereby increasing maritime trade in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable