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Global Smart Ports Market Size, Share, Growth, Forecast: By Technology: Process Automation, Internet of Things, Artificial Intelligence, Blockchain, Others; By Element; By Throughput Capacity; By Ports Type; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Smart Ports Market Outlook
The global smart ports market attained a value of around USD 2.33 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 9.95 billion by 2032.
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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.
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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 Opportunities and Challenges in the Market
8 Global Smart Ports Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Ports Historical Market (2018-2023)
8.3 Global Smart Ports Market Forecast (2024-2032)
8.4 Global Smart Ports Market by Technology
8.4.1 Process Automation
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Internet of Things
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Artificial Intelligence
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Blockchain
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Smart Ports Market by Element
8.5.1 Terminal Automation and Cargo Handling
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Port Community System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Traffic Management System
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Smart Port Infrastructure
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Smart Safety and Security
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Smart Ports Market by Throughput Capacity
8.6.1 Extensively Busy
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Moderately Busy
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Scarcely Busy
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Smart Ports Market by Ports Type
8.7.1 Seaport
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Inland Port
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Smart Ports Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Smart Ports Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Ports Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Ports Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Ports Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Ports Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Wipro Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Accenture
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 ABB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ramboll Group A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 IBM Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ikusi Redes de Telecomunicaciones, S.L.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Ports Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Ports Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Smart Ports Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Smart Ports Historical Market: Breakup by Element (USD Billion), 2018-2023
5. Global Smart Ports Market Forecast: Breakup by Element (USD Billion), 2024-2032
6. Global Smart Ports Historical Market: Breakup by Throughput Capacity (USD Billion), 2018-2023
7. Global Smart Ports Market Forecast: Breakup by Throughput Capacity (USD Billion), 2024-2032
8. Global Smart Ports Historical Market: Breakup by Ports Type (USD Billion), 2018-2023
9. Global Smart Ports Market Forecast: Breakup by Ports Type (USD Billion), 2024-2032
10. Global Smart Ports Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Smart Ports Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Smart Ports Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Smart Ports Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Smart Ports Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Smart Ports Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Smart Ports Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Smart Ports Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Smart Ports Market Structure
Key Questions Answered in the Report
In 2023, the global smart ports market attained a value of nearly USD 2.33 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 9.95 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.
Analyst Review
The global smart ports market attained a value of USD 2.33 billion in 2023, 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 2024-2032, growing at a CAGR of 27.9%. The market is projected to reach USD 9.95 billion by 2032.
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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