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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Smart Ports Market Analysis
The rapid growth of trade, especially in the emerging economies, has led to an increased adoption of smart ports to increase efficiency and productivity, which is driving the growth of the global smart ports market. The factors like increased government initiatives, deployment of cloud-based software, and advancement in technology are assisting the industry growth. Further, the increase in the number of mega-ports is expected to aid the industry over the forecast period.
The process automation segment, among other technologies, is anticipated to lead the global smart ports industry, accounting for the largest share in the market. Further, the Asia Pacific region is expected to witness the fastest growth rate over the forecast period owing to the growing industrialisation, rapidly developing emerging economies within the region, and the healthy growth in trade business in countries like Singapore and Hong Kong in the past few years.
Smart Ports Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global smart ports market attained a value of nearly USD 2.98 billion.
The market is projected to grow at a CAGR of 27.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 27.29 billion by 2032.
The major market drivers include the government regulations and legislative requirements against illegal discharging and handling of waste in neighbouring port lands, growth in trade, increasing deployment if cloud-based software, and technological advancements and innovations.
The key trends guiding the market include the growing demand for efficient data-driven decision making technologies, rapid industrialisation, and the increasing number of mega ports.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading technologies of smart ports in the market include process automation, internet of things, artificial intelligence, and blockchain, among others.
The significant element segments in the market are terminal automation and cargo handling, port community system, traffic management system, smart port infrastructure, and smart safety and security.
The major throughput capacity segments in the market are extensively busy, moderately busy, and scarcely busy.
Seaport and inland port, among others, are the various port types considered in the market report.
The major players in the market are Wipro Limited, Accenture, ABB, Ramboll Group A/S, IBM Corporation, and Ikusi Redes de Telecomunicaciones, S.L., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124