Market Research Report
Smart Ports - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||911696|
|Published||Content info||170 Pages
Delivery time: 2-3 business days
|Smart Ports - Global Market Outlook (2018-2027)|
|Published: September 1, 2019||Content info: 170 Pages||
According to Stratistics MRC, the Global Smart Ports Market is accounted for $1.53 billion in 2018 and is expected to reach $9.86 billion by 2027 growing at a CAGR of 23.1% during the forecast period. Rising needs for real-time information and growing environmental concerns are major key factors influencing the market growth. Moreover, growing supportive government initiatives toward smart infrastructure/port will provide ample opportunities for growth of the market. However, privacy and security issues are hampering the market growth.
Smart ports are automated ports that use high-end smart technologies including AI, IoT, Big Data, and blockchain for improving performance and efficiency of the shipping industry. Smart ports record and monitor data and utilizes them to take better decisions.
Based on Technology, Blockchain is estimated to have a lucrative growth due to growing need for transparency and security for transactions. Blockchain enables control over the information as well as protects the privacy of the user. By geography, Asia Pacific is expected to grow at a faster rate due to growing industrialization in the region.
Some of the key players in Smart Ports Market include ABB, Abu Dhabi Ports, Accenture, General Electric, IBM, Ikusi Velatia, Port of Rotterdam, Port Solutions, Ramboll Group, Royal Haskoning, Scientific Enterprises, Trelleborg and Wipro.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.