Global Maritime Information Market Will Reach at CAGR of 9.39% Between 2016-2020: has recently announced the addition of a market study “Global Maritime Information Market 2016-2020”, is a comparative analysis of the global market.


Albany, NY -- (SBWIRE) -- 07/19/2016 -- About the Maritime Information Market

The global maritime information market involves providing data, information, and applications required to understand events that are occurring in the maritime environment. It caters to the government and commercial sectors and analytics solution providers.

The users of maritime information gather data in order to have safety at sea, improve productivity, and ensure efficiency in marine operations. Maritime information ensures regulatory compliance, enhances situational awareness, delivers scientific and survey data, and monitors the environment for suspicious or illegal actions. The concerns regarding maritime border security, human trafficking, piracy, and environmental impacts (activities such as dumping or oil spills) are increasing the need for accurate on-time information to monitor maritime shipping activities worldwide.

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Technavios analysts forecast the global maritime information market to grow at a CAGR of 9.39% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global maritime information market for 2016-2020. To calculate the market size, the report considers the following:

Revenue generated from the provision of maritime information to government agencies and commercial customers

Revenue generated from the subscription-based automatic identification system (AIS) services such as Desktop as a Service (DaaS), Information as a Service (IaaS), and Software as a Service (SaaS) offerings

Revenue generated from M2M services for providing communication channels between various connected devices

Revenue generated by big data analytics companies that provide insightful maritime data intelligence

Revenue generated by satellite launch companies for enabling very high frequency (VHF) satellite communication to access maritime information

Consolidated revenue generated by satellite technology providers and third-party suppliers that help in activities such as marketing, sales, distribution, and global business expansion

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The market is divided into the following segments based on geography:


Technavio's report, Global Maritime Information Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Iridium Communications
Thales Group

Other prominent vendors
Furuno Electric
Garmin International
L-3 Communications
MacDonald, Dettwiler and Associates
Rockwell Collins
Spire Global

Market driver
Growing demand for M2M communications
For a full, detailed list, view our report

Market challenge
Cybersecurity risks
For a full, detailed list, view our report

Market trend
Adoption of smart vessels in maritime sector
For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

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