Smart Port Market Size, Business Opportunity and Future Demand by 2028 | IMARC Group

 IMARC Group, a leading market research company, has recently releases report titled “Smart Port Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global smart port market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is the Market Prediction for Smart Port?

The global smart port market is expected to exhibit a growth rate (CAGR) of 23.3% during 2023-2028.

What is Smart Port?

A smart port refers to 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 comprises digitized infrastructure that offers numerous benefits, including low human-related disruptions, superior decision-making, predictable performance, and lower operational expenses. In addition, these ports function more fluidly than their traditional counterparts, owing to the flow created by the automation process.

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What are the Growth Prospects and Trends in the Smart Port industry?

The increasing trade activities and the emerging trend of mechanization across industries are among the key factors driving the smart port market. Moreover, the widespread adoption of smart technologies by several harbor authorities across the globe, on account of the rising national and international trade through maritime transport, is also stimulating the market growth. Besides this, the growing usage of these technologies, as they aid in increasing the overall efficiency of the port, is acting as another significant growth-inducing factor. Furthermore, various shipping companies have partnered with tech companies to create blockchain shipping systems for improving maritime logistics, which is further propelling the global market. 

Apart from this, the implementation of regulations by government bodies of numerous countries to control the illegal discharge of waste around ports is positively influencing the market growth. Additionally, the development of a more effective data-driven decision-making mechanism for improving the overall efficiency at harbors is also fueling the global market. In addition to this, the rising utilization of port technologies, as they assist in providing optimized parking spaces, streamline traffic systems, and use cameras, drones, and sensors to gather and collate information on the weather, pollution, port authority, owner, and customer is anticipated to fuel the smart port market over the forecasted period.

Who are the Key Players Operating in the Smart Port Industry?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• ABB Ltd
• Abu Dhabi Ports
• Accenture plc
• AI
• Ikusi Velatia (Velatia S.L.)
• International Business Machines Corporation
• Navis LLC
• Ramboll Group A/S
• Royal HaskoningDHV
• The Port of Rotterdam
• Trelleborg AB
• Wipro Limited.

What is Included in Market Segmentation?

The report has categorized the market based on technology, throughput capacity, port type and region.

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

Regional Analysis:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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