Global Maritime Analytics Market was valued at USD 157.4 billion in 2022, and is projected to reach USD 523.4 billion by 2032 at a CAGR of 12.1% from 2022 to 2032.
Maritime analytics refers to the use of data analytics techniques and tools to collect, process, and analyze data from various sources in the maritime industry. This includes data from vessels, ports, shipping routes, weather patterns, and more. The aim of maritime analytics is to help shipping companies, ports, and other stakeholders make better decisions, improve efficiency, and reduce risks.
Advantages of maritime analytics include better decision making, improved safety, increased efficiency, risk management, and others. Maritime analytics has been adopted by various stakeholders in the maritime industry, including shipping companies, port operators, and government agencies. As the maritime industry becomes increasingly digitized, the use of maritime analytics is expected to grow. The adoption of new technologies such as the Internet of Things (IoT) and artificial intelligence (AI) is also expected to drive the growth of maritime analytics.
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The growth in global seaborne trade and the increasing adoption of digital technologies in the maritime industry are driving the growth of the maritime analytics market.
The maritime industry plays a crucial role in global trade, accounting for over 80% of global trade by volume. The increasing demand for goods and the growth in global seaborne trade are driving the demand for maritime analytics. The increasing adoption of digital technologies such as IoT, AI, and big data analytics in the maritime industry is also driving the growth of the market.
Impact of COVID-19 on the global Maritime Analytics Market:
The COVID-19 pandemic had a significant impact on the maritime industry, including the maritime analytics market. The restrictions on international travel and trade resulted in a decline in global shipping volumes, affecting the demand for maritime analytics services. The pandemic also disrupted the global supply chain, leading to port closures and delays, which further impacted the market. The pandemic also accelerated the adoption of digitalization in the maritime industry, including the use of maritime analytics solutions. The need for remote monitoring and management of vessels, cargo, and ports during the pandemic increased the demand for these services.
Overall, the impact of COVID-19 on the maritime analytics market has been mixed, with some negative effects due to the decline in shipping volumes and some positive effects due to increased digitalization and remote monitoring needs. The long-term impact of the pandemic on the market remains to be seen as the situation continues to evolve…
Market Segmentation:
By Technology
- IoT
- Blockchain
- Others
By Application
- Fleet Management
- Vessel Management
- Energy Management
- Inventory Management
- Predictive Maintenance
By End User
- Ports and Terminals
- Shipping Companies
- Maritime Freight Forwarders
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Key Player:
- Windward Ltd.
- IHS Markit Ltd.
- Exact Earth Ltd.
- ORBCOMM Inc.
- SparkCognition, Inc.
- GreenSteam BV
- Prisma Electronics SA
- Predictive Maritime Intelligence BV
- Vesselbot AI
- AISpotter
- Pole Star Space Applications Ltd.
- Kongsberg Digital AS
- MarineTraffic Ltd.
- DNV GL AS
- Q88 LLC
Regional Analysis:
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Maritime Analytics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
- What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter’s Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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