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Global Smart Ports Market: By Technology: Process Automation, Internet of Things, Artificial Intelligence, Blockchain, Others; By Element; By Throughput Capacity; By Ports Type; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Smart Ports Market Outlook
The global smart ports market attained a value of around USD 1.5 billion in 2020. The smart ports market is further expected to grow in the forecast period of 2023-2028 at a CAGR of almost 24.7% to reach USD 6.4 billion by 2026.
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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.
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The global smart ports market can be divided based on segments like technology, elements, throughput capacity, port types, and regions.
- Technology:
- Process Automation
- Internet of Things
- Artificial Intelligence
- Blockchain
- Others
- Element:
- Terminal Automation and Cargo Handling
- Port Community System
- Traffic Management System
- Smart Port Infrastructure
- Smart Safety and Security
- Throughput Capacity:
- Extensively Busy
- Moderately Busy
- Scarcely Busy
- Port Type:
- Seaport
- Inland Port
- Others
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.
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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.
Competitive Landscape
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:
- Wipro Limited
- IBM Corporation
- Accenture
- ABB
- Ramboll Group A/S
- Ikusi Redes de Telecomunicaciones, S.L.
- Others
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Element, Throughput Capacity, Ports Type, Region |
| Breakup by Technology | Process Automation, Internet of Things, Artificial Intelligence, Blockchain, Others |
| Breakup by Element | Terminal Automation & Cargo Handling, Port Community System, Traffic Management System, Smart Port Infrastructure, Smart Safety & Security |
| Breakup by Throughput Capacity | Extensively Busy, Moderately Busy, Scarcely Busy |
| Breakup by Ports Type | Seaport, Inland Port, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Wipro Limited, Accenture, ABB, Ramboll Group A/S, IBM Corporation, Ikusi Redes de Telecomunicaciones, S.L., Others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Smart Ports Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Ports Historical Market (2018-2022)
8.3 Global Smart Ports Market Forecast (2023-2028)
8.4 Global Smart Ports Market by Technology
8.4.1 Process Automation
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Internet of Things
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Artificial Intelligence
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Blockchain
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Smart Ports Market by Element
8.5.1 Terminal Automation and Cargo Handling
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Port Community System
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Traffic Management System
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Smart Port Infrastructure
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Smart Safety and Security
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.6 Global Smart Ports Market by Throughput Capacity
8.6.1 Extensively Busy
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Moderately Busy
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Scarcely Busy
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Smart Ports Market by Ports Type
8.7.1 Seaport
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Inland Port
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Global Smart Ports Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Wipro Limited
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Accenture
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 ABB
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Ramboll Group A/S
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 IBM Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Ikusi Redes de Telecomunicaciones, S.L.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Smart Ports Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Ports Historical Market: Breakup by Technology (USD Billion), 2018-2022
3. Global Smart Ports Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4. Global Smart Ports Historical Market: Breakup by Element (USD Billion), 2018-2022
5. Global Smart Ports Market Forecast: Breakup by Element (USD Billion), 2023-2028
6. Global Smart Ports Historical Market: Breakup by Throughput Capacity (USD Billion), 2018-2022
7. Global Smart Ports Market Forecast: Breakup by Throughput Capacity (USD Billion), 2023-2028
8. Global Smart Ports Historical Market: Breakup by Ports Type (USD Billion), 2018-2022
9. Global Smart Ports Market Forecast: Breakup by Ports Type (USD Billion), 2023-2028
10. Global Smart Ports Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Smart Ports Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Smart Ports Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Smart Ports Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Smart Ports Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Smart Ports Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Smart Ports Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Smart Ports Market Structure
Key Questions Answered in the Report
In 2020, the global smart ports market attained a value of nearly USD 1.5 billion.
The market is projected to grow at a CAGR of 24.7% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 6.4 billion by 2026.
The major drivers of the market include the government regulations and legislative requirements against illegal discharging and handling of waste in neighbouring port lands, growth in trade, favourable government initiatives, increased deployment of cloud-based software, and technological advancements.
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 is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading technologies of smart ports in the market are process automation, internet of things, internet of things, and blockchain, among others.
The significant element segments in the industry 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.
The leading port types of smart ports in the industry are seaport and inland port, among others.
The major players in the industry are Wipro Limited, Accenture, ABB, Ramboll Group A/S, IBM Corporation, and Ikusi Redes de Telecomunicaciones, S.L., among others.
Analyst Review
The global smart ports market attained a value of USD 1.5 billion in 2020, driven by the implementation of favourable government regulations. Aided by the growing demand for effective data-driven decision-making technology, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 24.7%. The market is projected to reach USD 6.4 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the industry can be divided into process automation, internet of things, artificial intelligence, blockchain, and others. By element, the market is segmented into terminal automation and cargo handling, port community system, traffic management system, smart port infrastructure, and smart safety and security. On the basis of throughput capacity, the industry can be classified into extensively busy, moderately busy, and scarcely busy. The market is segregated based on port type into seaport, inland port, and others. The major regional markets for smart ports are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Wipro Limited, Accenture, ABB, Ramboll Group A/S, IBM Corporation, and Ikusi Redes de Telecomunicaciones, S.L., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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