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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Smart Ports Market Size
The global smart ports market attained a value of around USD 2.98 billion in 2023. The smart ports market is further expected to grow in the forecast period of 2024-2032 at a CAGR of almost 27.9% to reach USD 27.29 billion by 2032.
The primary factors driving the growth of the smart ports industry are the government regulations and legislative requirements against illegal discharging and handling of waste in neighbouring port lands and the growing demand for effective data-driven decision-making technology that can affect the ports’ overall efficiency and contribute to the reduction of unnecessary costs.
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