Pune, India -- (SBWIRE) -- 12/13/2019 -- Smart Ports Market:

Executive Summary

Global Smart Ports Market is valued approximately at USD 1.36 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 25.0% over the forecast period 2019-2026. A 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. With these technologies, smart ports may also enhance environment sustainability. Smart ports track record and monitor data and uses them to take clearer decisions. Further, smart ports play a vital role in smart city implementation as it offers synergy with smart city ecosystem as well as helps the comprehensive digital transformation of the city. Growth in trade worldwide due to economic liberalization has led to an increase in the size of freighter ships for accommodating more cargo which is the one of the major factorfactors driving the demand for smart port around the world. For instance: it is estimated that world trade volume has grew by 3.6% in 2016 from 1.8% in 2015, as per the International Trade Forum. Also, it is forecasted that world merchandise trade volume is to grow at 3.9% in 2018, convoyed by global GDP growth of 3.1% at market exchange rates. Also, growing needs for real-time information along with rising environmental concerns are also few factorfactors responsible for high CAGR of the market over the forecast period. Moreover, supportive government initiatives toward smart infrastructure/port aided with port upgrades via retrofitting is the factor likely to offer lucrative growth opportunity to the market in the upcoming years. However, privacy & security concerns, high initial investment and limited availability of skilled staff are few factorfactors anticipated to restraining the growth of global Smart Ports market during the forecast period.

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The regional analysis of global Smart Ports market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region in terms of revenue and market share over the forecast period of 2019-2026 owing to increasing industrialization along with the availability of technology in cheap tech economies like China and Taiwan.

Major market player included in this report are:
Port of Rotterdam
Trelleborg
Royal Haskoning
IBM
Accenture
General Electric
Abu Dhabi Ports
ABB
Wipro
Ramboll Group

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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:

Element:
Terminal Automation & Cargo Handling
Port Community System
Traffic Management System
Smart Port Infrastructure
Smart Safety & Security

Throughput Capacity:
Extensively Busy (More Than 18 Million Teu)
Moderately Busy (5–18 Million Teu)
Scarcely Busy (Less Than 5 Million Teu)

Technology:
Process Automation
Internet of Things (IoT)
Artificial Intelligence (AI)
Blockchain

By Port Type:
Seaport
Inland Port

Target Audience of the Global Smart Ports Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Continuous…

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