Middle East & Africa Maritime Analytics Market Size and Forecast (2021

Description

List of Tables

The Middle East and Africa (MEA) Maritime Analytics Market is projected to grow significantly, reaching an estimated US$ 54.9 million by 2031, up from US$ 36.4 million in 2024. This growth represents a compound annual growth rate (CAGR) of 6.2% from 2025 to 2031.

Executive Summary and Market Analysis

The maritime analytics market in the MEA region is categorized by key countries, including South Africa, Saudi Arabia, the United Arab Emirates (UAE), and other nations in the region. While the Gulf countries are economically advanced, many African nations are still developing their economies. The substantial oil and gas export and import activities in the Middle East are expected to drive the adoption of maritime analytics solutions. Currently, oil companies are focusing on reducing fuel costs, which has led vessel owners to closely monitor and manage fuel consumption. Consequently, operators of offshore support vessels are increasingly integrating advanced technologies, such as analytics, to optimize the cost-effective export and import of oil and gas.

In March 2025, the Mediterranean Shipping Company (MSC) launched a new shipping service aimed at enhancing trade connectivity between Saudi Arabia and major East Asian ports. This service will establish direct links between Jubail Commercial Port and King Abdulaziz Port in Dammam, as well as key international hubs like the Port of Singapore, Port of Shanghai, and Port of Colombo. The service is designed to handle up to 6,000 twenty-foot equivalent units (TEUs), further strengthening Saudi Arabia's global logistics network.

The region is also witnessing advancements in the technological ecosystem, which are enhancing cargo management with minimal effort. Improved monitoring and analytics capabilities are expected to create growth opportunities in offshore support vessels, workboats, and tugs, as oil companies strive to reduce fuel consumption and transportation costs. The application of analytics and predictive maintenance is proving effective in monitoring engine performance and fuel efficiency on vessels. Furthermore, remote monitoring and maintenance are paving the way for the development of autonomous vessels, which can significantly improve engine and vessel performance.

Strategic Insights

Market Segmentation Analysis

The Middle East and Africa Maritime Analytics Market can be segmented based on various criteria:

By Component: The market is divided into Software and Services, with Software holding the largest market share in 2024.
By Deployment: The market is categorized into Cloud and On-Premises, with Cloud solutions dominating in 2024.
By Application: The market includes Predictive and Prescriptive Analytics, Optimal Route Mapping, Pricing Insights, Vessel Safety and Security, among others, with Predictive and Prescriptive Analytics leading in market share.
By End User: The market is segmented into Commercial and Military, with the Commercial sector holding the largest share in 2024.

Market Outlook

The maritime industry is undergoing a transformation driven by new technologies and the ongoing challenges posed by the container shipping crisis. In this evolving landscape, maritime analytics is crucial for optimizing shipping operations. The integration of artificial intelligence (AI) and machine learning (ML) technologies is enhancing how vessels manage fuel and energy consumption, providing valuable insights for better resource utilization and cost control. By tracking fuel usage in real-time, these technologies can identify inefficiencies in ship operations, enabling operators to implement data-driven improvements.

To enhance maritime data analysis, companies are increasingly adopting AI and analytics as part of their digital transformation strategies. AI and ML are streamlining various operational aspects, from optimizing shipping routes and port access to enabling automated navigation systems. Vessels equipped with these technologies allow crews to offload routine tasks such as data collection and navigation, enabling them to focus on high-priority responsibilities that require human intervention. The continuous flow of real-time data empowers crew members to respond swiftly to changing conditions and leverage historical data for proactive strategies, ultimately improving operational efficiency and decision-making.

According to Thetius' report "Beyond the Horizon: Opportunities and Obstacles in the Maritime AI Boom" published in 2024, 36 shipping companies have either adopted or are planning to deploy AI-enabled technologies within the past year. Small and medium-sized enterprises (SMEs), which represent 63% of AI technology suppliers, have been pivotal in driving this adoption, alongside 18% of corporate entities and a growing 17% of startups, marking a 5% increase compared to 2022-2023. The advancements in AI and ML are expected to revolutionize how shipping companies manage operations, optimize resources, and respond to dynamic market conditions, creating significant future trends for businesses to enhance efficiency, reduce costs, and improve sustainability.

Country Insights

The Middle East and Africa Maritime Analytics Market is further segmented by country, including Saudi Arabia, the UAE, South Africa, and the rest of the MEA region. Saudi Arabia held the largest market share in 2024.

The maritime analytics market in Saudi Arabia is set for substantial growth, driven by several factors transforming the nation's maritime and logistics sectors. The strategic location of Saudi Arabia, with access to the Red Sea and Arabian Gulf, positions it as a critical hub for global trade, increasing the demand for advanced maritime analytics solutions. The Kingdom's ongoing economic diversification efforts under Vision 2030 are accelerating the adoption of innovative technologies, including maritime analytics, to enhance operational efficiencies and competitiveness. Additionally, investments in port expansion are further driving the need for maritime analytics solutions. In March 2025, the Saudi Ports Authority announced the launch of two new shipping services, "BIGEX3" and "BIGEX4," operated by CMA-CGM at the Islamic Port of Jeddah and King Abdulaziz Port in Dammam, aimed at strengthening maritime connectivity between Saudi Arabia and international markets while supporting the flow of the Kingdom's exports and imports.

Company Profiles

Key players in the Middle East and Africa Maritime Analytics Market include ABB Ltd, Hexagon AB, ShipNet, Windward Ltd, Maritech Holdings Limited, Kpler, OrbitMI, Inc., ZeroNorth A/S, Viasat Inc, and SOLITWORK A/S. These companies are employing various strategies such as expansion, product innovation, and mergers and acquisitions to deliver innovative products and increase their market share.

Product Code: TIPRE00015408

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. Maritime Analytics Market Landscape

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain

5. Middle East & Africa Maritime Analytics Market - Key Market Dynamics

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. Maritime Analytics Market - Middle East & Africa Market Analysis

6.1 Middle East & Africa Maritime Analytics Market Revenue (US$ Million), 2024 - 2031
6.2 Middle East & Africa Maritime Analytics Market Forecast and Analysis

7. Middle East & Africa Maritime Analytics Market Revenue Analysis - by Component

7.1 Software
- 7.1.1 Overview
- 7.1.2 Software: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

8. Middle East & Africa Maritime Analytics Market Revenue Analysis - by Deployment

8.1 Cloud
- 8.1.1 Overview
- 8.1.2 Cloud: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 On Premises
- 8.2.1 Overview
- 8.2.2 On Premises: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

9. Middle East & Africa Maritime Analytics Market Revenue Analysis - by Application

9.1 Predictive and Prescriptive Analytics
- 9.1.1 Overview
- 9.1.2 Predictive and Prescriptive Analytics: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.2 Optimal Route Mapping
- 9.2.1 Overview
- 9.2.2 Optimal Route Mapping: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.3 Pricing Insights
- 9.3.1 Overview
- 9.3.2 Pricing Insights: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.4 Vessel Safety and Security
- 9.4.1 Overview
- 9.4.2 Vessel Safety and Security: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

10. Middle East & Africa Maritime Analytics Market Revenue Analysis - by End User

10.1 Commercial
- 10.1.1 Overview
- 10.1.2 Commercial: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.2 Military
- 10.2.1 Overview
- 10.2.2 Military: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

11. Middle East & Africa Maritime Analytics Market - Country Analysis

11.1 Middle East & Africa
- 11.1.1 Middle East & Africa Maritime Analytics Market Revenue and Forecast and Analysis - by Country
  - 11.1.1.1 Middle East & Africa Maritime Analytics Market Revenue and Forecast and Analysis - by Country
  - 11.1.2.2 Saudi Arabia: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.1.2.2.1 Saudi Arabia: Middle East & Africa Maritime Analytics Market Share - by Component
    - 11.1.2.2.2 Saudi Arabia: Middle East & Africa Maritime Analytics Market Share - by Deployment
    - 11.1.2.2.3 Saudi Arabia: Middle East & Africa Maritime Analytics Market Share - by Application
    - 11.1.2.2.4 Saudi Arabia: Middle East & Africa Maritime Analytics Market Share - by End User
  - 11.2.3.3 United Arab Emirates: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.2.3.3.1 United Arab Emirates: Middle East & Africa Maritime Analytics Market Share - by Component
    - 11.2.3.3.2 United Arab Emirates: Middle East & Africa Maritime Analytics Market Share - by Deployment
    - 11.2.3.3.3 United Arab Emirates: Middle East & Africa Maritime Analytics Market Share - by Application
    - 11.2.3.3.4 United Arab Emirates: Middle East & Africa Maritime Analytics Market Share - by End User
  - 11.3.4.4 South Africa: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.3.4.4.1 South Africa: Middle East & Africa Maritime Analytics Market Share - by Component
    - 11.3.4.4.2 South Africa: Middle East & Africa Maritime Analytics Market Share - by Deployment
    - 11.3.4.4.3 South Africa: Middle East & Africa Maritime Analytics Market Share - by Application
    - 11.3.4.4.4 South Africa: Middle East & Africa Maritime Analytics Market Share - by End User
  - 11.4.5.5 Rest of Middle East & Africa: Middle East & Africa Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.4.5.5.1 Rest of Middle East & Africa: Middle East & Africa Maritime Analytics Market Share - by Component
    - 11.4.5.5.2 Rest of Middle East & Africa: Middle East & Africa Maritime Analytics Market Share - by Deployment
    - 11.4.5.5.3 Rest of Middle East & Africa: Middle East & Africa Maritime Analytics Market Share - by Application
    - 11.4.5.5.4 Rest of Middle East & Africa: Middle East & Africa Maritime Analytics Market Share - by End User

12 Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13 Industry Landscape

13.1 Overview
13.2 New Product Development
13.3 Merger and Acquisition
13.4 Other Strategic Developments

14 COMPANY PROFILES

14.1 ABB Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Hexagon AB
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 ShipNet
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Windward Ltd
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Maritech Holdings Limited
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Kpler
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 OrbitMI, Inc.
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 ZeroNorth A/S
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Viasat Inc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 SOLITWORK A/S
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners