Smart Port Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Smart Port Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global smart port market exhibited strong growth during 2015-2020. A smart port is an automated maritime facility that uses big data, blockchain, the internet of things (IoT), and other smart technology-based methods to improve performance and economic competitiveness. It consists 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. Smart ports function more smoothly than their traditional counterparts due to the flow created by the automation process.

The global smart port market is primarily driven by the increasing trade activities and the emerging trend of automation across industries. Various harbor authorities across the globe are increasingly adopting smart technologies due to the rising national and international trade through maritime transport. As these technologies help increase the overall efficiency of the port, their growing adoption is providing a positive impact on the market growth. Besides this, several shipping companies have partnered with tech companies to create blockchain shipping systems for improving maritime logistics. In addition, governments of various nations are also implementing policies and mandates against the illegal discharge of waste around ports. They are also necessitating a more effective data-driven decision-making mechanism for enhancing the overall efficiency at harbors. Furthermore, the utilization of smart port technologies is also rising as they help provide optimized parking spaces, streamline traffic systems, and utilize cameras, drones, and sensors to collect and collate information on the weather, pollution, port authority, owner, and customer. Looking forward, IMARC Group expects the global smart port market to grow at a CAGR of around 28% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart port market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, technology, throughput capacity and port type.

Breakup by Technology:

Process Automation
Blockchain
Internet of Things
Artificial Intelligence

Breakup by Throughput Capacity:

Extensively Busy
Moderately Busy
Scarcely Busy

Breakup by Port Type:

Seaport
Inland Port

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Abu Dhabi Ports, Accenture plc, Awake.AI, Ikusi Velatia (Velatia S.L.), International Business Machines Corporation, Navis LLC, Ramboll Group A/S, Royal HaskoningDHV, The Port of Rotterdam, Trelleborg AB and Wipro Limited.

Key Questions Answered in This Report:

How has the global smart port market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart port market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the throughput capacity?
What is the breakup of the market based on the port type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart port market and who are the key players?
What is the degree of competition in the industry?