The global smart ports market attained a value of around USD 1.5 billion in 2019. The smart ports market is further expected to grow in the forecast period of 2020-2025 at a CAGR of almost 24.7% to reach USD 6.4 billion by 2025.
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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.
Properties and Applications
A smart port is an automated port that uses innovative technologies like artificial intelligence (AI), big data, internet of things (IoT), and blockchain to enhance its performance.
The global smart ports market can be divided based on segments like technology, elements, throughput capacity, port types, and regions.
The EMR report looks into the regional smart ports markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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.
The report presents a detailed analysis of the following key players in the global smart ports market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the smart ports market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Key Industry Trends
3.3 Market Scope and Segmentation
3.4 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Smart Ports Market Analysis
6.1 Global Smart Ports Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Global Smart Ports Market Breakup by Technology
6.2.1 Process Automation
6.2.2 Internet of Things
6.2.3 Artificial Intelligence
6.3 Global Smart Ports Market Breakup by Technology Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Process Automation
6.3.2 Internet of Things
6.3.3 Artificial Intelligence
6.4 Global Smart Ports Market Breakup by Element
6.4.1 Terminal Automation & Cargo Handling
6.4.2 Port Community System
6.4.3 Traffic Management System
6.4.4 Smart Port Infrastructure
6.4.5 Smart Safety & Security
6.5 Global Smart Ports Market Breakup by Element: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Terminal Automation & Cargo Handling
6.5.2 Port Community System
6.5.3 Traffic Management System
6.5.4 Smart Port Infrastructure
6.5.5 Smart Safety & Security
6.6 Global Smart Ports Market Breakup by Throughput Capacity
6.6.1 Extensively Busy
6.6.2 Moderately Busy
6.6.3 Scarcely Busy
6.7 Global Smart Ports Market Breakup by Throughput Capacity: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Extensively Busy
6.7.2 Moderately Busy
6.7.3 Scarcely Busy
6.8 Global Smart Ports Market Breakup by Ports Type
6.8.2 Inland Port
6.9 Global Smart Ports Market Breakup by Ports Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.2 Inland Port
6.10 Global Smart Ports Market Breakup by Region
6.10.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
6.11 Global Smart Ports Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.11.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Regional Price Analysis
11.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
11.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
11.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
11.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
11.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
12 Competitive Landscape & Supplier Analysis
12.1 Wipro Limited [WIPRO (NSE)]
12.1.1 Company Overview
12.1.2 Financial Analysis
12.2 IBM [IBM (NYSE)]
12.2.1 Company Overview
12.2.2 Financial Analysis
12.3 Accenture [ACN (NYSE)]
12.3.1 Company Overview
12.3.2 Financial Analysis
12.4 ABB [ABBN (SWX)]
12.4.1 Company Overview
12.4.2 Financial Analysis
12.5 Ramboll Group A/S
12.5.1 Company Overview
12.5.2 Financial Analysis
12.6 Ikusi Velatia
12.6.1 Company Overview
12.6.2 Financial Analysis
13 Events and Developments
Additional Customization Available:
14 Feedstock Analysis
15 Procurement Strategy
15.1 Value Chain Analysis
15.2 Contract Terms
15.3 Buying and Sourcing Trends
15.4 Storage and Warehousing
15.5 Certifications and Regulations
15.6 Risk Factors
16 Trade Data Analysis
16.1 Major Exporting Countries: By Value and Volume
16.2 Major Importing Countries: By Value and Volume
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Cost Analysis and Project Economics
18.1 Land, Location and Site Development
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
19 Production Cost Analysis
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