Smart Ports Global Market to Reach $4.37 Billion by 2026 at a CAGR of 25.1%

DUBLIN, Aug. 17, 2022 /PRNewswire/ -- The "Smart Ports Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global smart ports market is expected to grow from $1.43 billion in 2021 to $1.78 billion in 2022 at a compound annual growth rate (CAGR) of 24.3%. The smart ports market is expected to grow to $4.37 billion in 2026 at a CAGR of 25.1%.

Asia Pacific was the largest region in the smart ports market in 2021 and is also expected to be the fastest-growing region in the forecast period. The regions covered in smart ports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The encouragement and participation from governments all over the world in the form of initiatives will propel the growth of the smart port market. Growing concerns about climate change have pushed governments across the world to adopt sustainable development projects to reduce carbon footprint and increase efficiency.

To implement digitization, governments are encouraging the adoption of technologies such as big data, artificial intelligence, and the Internet of Things (IoT) in the ports sector. For example, the Port of Hamburg in Germany adopted the Internet of Things and other smart port technologies by using data sources to feed to a single platform to increase logistics efficiencies. Therefore, the increasing number of government initiatives drives the smart ports market.

The adoption of smart technologies is a key trend gaining popularity in the smart port market. The implementation of technologies such as the Internet of Things (IoT), artificial intelligence (AI), blockchain, and big data has changed the way the smart ports operate in comparison to the traditional ports. For example, in April 2021, Abu Dhabi Ports introduced a new digital service to smoothen the management of Abu Dhabi's slipways, which are ramps for moving boats and other watercraft to and from the water to ease congestion at peak times. Thus, the adoption of smart technologies has made the end-to-end process of port management efficient.

Scope

Markets Covered:

1) By Port Type: Seaport; Inland Port
2) By Element: Terminal Automation And Cargo Handling; Port Community System (PCS); Traffic Management System (TMS); Smart Port Infrastructure; Smart Safety And Security
3) By Technology: Internet Of things (IoT); Blockchain; Process Automation; Artificial Intelligence

Key Topics Covered:

1. Executive Summary

2. Smart Ports Market Characteristics

3. Smart Ports Market Trends And Strategies

4. Impact Of COVID-19 On Smart Ports

5. Smart Ports Market Size And Growth

6. Smart Ports Market Segmentation

7. Smart Ports Market Regional And Country Analysis

8. Asia-Pacific Smart Ports Market

9. China Smart Ports Market

10. India Smart Ports Market

11. Japan Smart Ports Market

12. Australia Smart Ports Market

13. Indonesia Smart Ports Market

14. South Korea Smart Ports Market

15. Western Europe Smart Ports Market

16. UK Smart Ports Market

17. Germany Smart Ports Market

18. France Smart Ports Market

19. Eastern Europe Smart Ports Market

20. Russia Smart Ports Market

21. North America Smart Ports Market

22. USA Smart Ports Market

23. South America Smart Ports Market

24. Brazil Smart Ports Market

25. Middle East Smart Ports Market

26. Africa Smart Ports Market

27. Smart Ports Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Smart Ports Market

29. Smart Ports Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• Wipro Limited
• IBM Corporation
• Accenture
• ABB
• Ramboll Group A/S
• Abu Dhabi Ports
• Awake.AI
• PORT OF ROTTERDAM
• Royal Haskoning
• Trelleborg AB
• Ikusi Redes de Telecomunicaciones S.L.
• Navis
• China Merchants Port Holdings Company
• GENERAL ELECTRIC
• Siemens

For more information about this report visit https://www.researchandmarkets.com/r/azu94t

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets