Maritime Management Software Market Research Report: Information by Component (Software (Tracking & Surveillance, Supply Chain & Logistics, Navigation & Routing, System Testing, Finance & Accounting, Others), End User (Defense, commercial) and region (North America, Europe, Asia-Pacific, Rest of the world) – Forecasts to 2028
Maritime Management Software Market Research Report – Forecast to 2028
The regional analysis of Global Marine Management Software Market has been done for North America, Europe, Asia-Pacific, Middle East & Africa and South America. The North America market accounted for the largest market share in 2020, and it is expected to register high growth during the forecast period. However, the APAC region is experiencing phenomenal growth due to the increasing adoption of modern technologies, as well as the growing number of small and medium-sized enterprises (SMEs). Major APAC countries are technologically advanced and offer significant investment and revenue potential.
The global marine management software market is expected to register a CAGR of around 10.6% during the forecast period 2021-2028.
The major drivers for the growth of the maritime management software market are the growing need to manage complex supply chain operations and database management solutions and the growing demand for waterway transportation business. However, issues related to cyber threats are hampering the growth of the market. However, the increasing adoption of cloud-based marine management solutions is creating an opportunity in the market.
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The global marine management software market has been segmented on the basis of component, mode of deployment, location, organization size, application, end user, and region.
By component, the global marine management software market has been split into software and services. The software segment is further divided into tracking and monitoring, supply chain and logistics, navigation and routing, system testing, finance and accounting and others. The services segment is divided into professional services and managed services. Different types of software provide different functions to the marine industry. This software helps shipowners and managers easily track vessel performance and improve overall productivity. It can track and monitor the whole transportation process, navigate and route ship directions, efficiently perform supply chain and logistics operations and other functions such as system testing, financing and accounting.
Based on the deployment mode, the marine management software market has been segmented into on-premises and cloud. On-site marine management software provides a simple and effortless way to manage marine operations. This allows the user to manage various aspects of the business from one place. On the other hand, cloud-based maritime management software brings value to the maritime industry in three ways: first, it helps reduce IT costs, second, it enables data collection, storage and analysis. cheap, reliable and efficient data, and lastly, it helps deliver advanced technologies on top of this ingest and storage layer and helps turn raw data into actionable insights with cross query and intelligence services economic. The cloud-based software offers a fully managed, fee-based and scalable solution to the maritime industry, while reducing the complexities and costs of managing and synchronizing on-premises databases.
Based on location, the global marine management software market has been segmented into onboard and onshore. The on-board maritime management software helps ship owners and managers manage the majority of administrative tasks easily and efficiently. Offshore marine management software helps reduce risk, minimize environmental impact and improve performance.
Based on organization size, the global marine management software market has been segmented into SME and large enterprise. Maritime management software offered to small, medium and large businesses offers different features such as routing, accounting, crew management, scheduling, storage management and others.
Based on application, the global maritime management software market has been segmented into crew management, port management, port management, cruise and yacht management, and reservation management. Crew management deals with sourcing, recruitment, selection, training, deployment and other upgrade programs. It is responsible for outfitting ships under a crew management contract. The port management manages all movement of vessels entering and leaving the port. Port management deals with the management of ports by keeping them organized, supervised and functional to ensure smooth transactions. Managing cruises and yachts involves hospitality training and prior experience in a restricted area. Reservation Management is a digital application that manages property reservations by storing and collecting past, present and future information and helps managers and owners make better decisions.
Based on end-user, the global marine management software market has been segmented into defense and commercial. The Defense end-user segment consists of warships and military vessels that use the marine management software to manage naval operations and provide security to the defense communication system against cyber attacks. The commercial segment implements the shipping management software to organize and help managers analyze each function of the shipping process.
The global marine management software market is characterized by the presence of several regional and local vendors. Some of the major market players are Oracle (US), DockMaster (US), ABB (Switzerland), Marinacloud (Croatia), Lloyd’s Register (UK), Marina Master (Slovenia), MarineCFO (US ), Chetu (USA), TIMEZERO (France), Scribble Software (USA), Harba (Denmark), MESPAS (Switzerland), Dockwa (USA), Swell Advantage (Canada), Marina Ahoy (Estonia) .
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Maritime Management Software Market Research Report: Information by Component (Software (Tracking & Surveillance, Supply Chain & Logistics, Navigation & Routing, System Testing, Finance & Accounting, Others), Services (Professional Services, managed services)), mode of deployment (on-Premise, Cloud), location (onboard, onshore), organization size (SMB, large enterprise), application (crew management, port management, management, cruise and yacht management, reservation management), end user (defense, commercial) and Region (North America, Europe, Asia-Pacific, Rest of the world) – Forecasts until 2028
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