PUBLISHER: Value Market Research | PRODUCT CODE: 1352920
PUBLISHER: Value Market Research | PRODUCT CODE: 1352920
The global demand for Smart Ports Market is presumed to reach the market size of nearly USD 132.35 BN by 2030 from USD 7.78 MN in 2022 with a CAGR of 42.5% under the study period 2023 - 2030.
Smart ports use newer technologies, namely the internet of things (IoT), artificial intelligence (AI), and blockchain, to improve performance and economic competitiveness. Smart ports consist of digitized infrastructure that offers a wide range of benefits, such as low human-related disruptions, superior decision making, predictable performance, and lower operational expenses.
The smart port market is anticipated to drive in the forecast period owing to the increasing digitalization and growing trade activities. Also, government initiatives in developing smart port infrastructure and upgrading existing ports propel the demand for smart ports. Moreover, increasing environmental concerns and rising needs for automation across industries is the major key factor influencing the growth of the smart port market over the forecast period. The growing need to enhance the efficiency of port operations and reduce carbon footprint impacts the overall market growth. Furthermore, the government regulations and legislative requirements against illegal discharging and handling of waste in neighbouring port land drive the market growth. Additionally, the growing demand for effective data-driven decision-making technology that can affect the ports' overall efficiency and reduce unnecessary costs influences the smart port market growth. However, a lack of skilled personnel is expected to hamper the global smart ports market growth over the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart ports. The growth and trends of smart ports industry provide a holistic approach to this study.
This section of the smart ports market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Smart Ports market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart ports market include ROYAL HASKONINGDHV, ABB, Trelleborg AB, Accenture, Abu Dhabi Ports, Ramboll Group A/S, PORT OF ROTTERDAM, Navis, IBM, Awake.AI. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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