Marine and Marine Management Software Market

Marine and marine management software Market was valued at USD 1,504 Million in 2020 and projected to grow at 11.5% CAGR during the forecast period.

Introduction of the Marine and Marine Management Software Market Report

Marine and Marine management software is a tool to optimize the management of business operation and financial process. The marine software enables the administrator to track orders, generate shipping manifests, performance reports and identify new business opportunities on a dashboard.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the Marine and Marine Management Software market include the adoption of digital technology. In addition, advancement of technology such as AI, Big Data, and analytics helps the end-user to organize inventory data digitally, monitor and manage shipping, track order, among others. Furthermore, digital transformation enables marine and marine management software to manage to ship, receive, tracking and compile order data effectively to manage complex supply chain operation.

Demand for transportation activities through waterways is increasing across the world, as it is secure way of transporting goods from one location to another. In addition, increasing demand for centralized administrative data provide several benefits such as data security, data integrity, data consistency, and help in reducing cost. These are the factor driving the marine and marine management software market.

Restraint in the Marine and Marine Management Software Market

However, increasing concerns related to cyber-attack, marine software in ships increase the risk of cyber threats as these ships follow satellite routes. In addition, cyber-security risks are likely to increase significantly as a result of greater reliance on electronic trading and shifting toward virtual interaction at all levels.

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Component – Segment Analysis

Based on the Component, software is expected to grow at a higher CAGR rate during the forecast period. The adoption of marine software is becoming crucial for the shipping industry as it enables shipping companies to track and performance and enhance overall productivity. In addition, the software makes things easy and convenient. For instance, the administrator can track orders, generate shipping manifest, gain insight, and identify a new business opportunity. Several companies providing software solution include Dockmaster, Ayden Marine, and others.

Deployment mode – Segment Analysis

Based on the Deployment mode, the Cloud segment is expected to grow at a higher CAGR rate during the forecast period. Cloud-based deployment helps businesses to enhance the process and report data finding, enhance collaboration. Furthermore, data stored in the cloud helps in decision making and gets faster access to business intelligence leading to its rising adoption in marine software. Several companies providing cloud-based marine management software include Lloyd’s Register, Hanseaticsoft and Harbour Assist are the leading players operating.

Application – Segment Analysis

Based on the Application, the Crew Management segment is expected to grow at a higher CAGR rate during the forecast period. Crew management as an application has several benefits, such as tracking the performance of the crew and enhancing overall productivity. In addition, crew management help to assign the task to the right people at the right time and track performance in various department.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate during the forecast period owing to increasing number of smaller marine vendors to introduce marine software for numerous shipping companies. Companies operating in Asia Pacific region continues to improve shipping operation to drive market competition. In addition, China, India, and Singapore have displayed growth opportunities in the marine and marine management software market. For instance, Singapore is Asia’s gateway for ship financing, risk management, and marine insurance. Capitalizing on its strategic location, advancement port facility and shipyard, Singapore has developed into a premium International Maritime centre (IMC), which further boost the growth of Marine and Marine software market.

Top Market Players

Various notable players operating in the market, include, ABB, Ayden Marine, Blueshell, Dockmaster, Lloyd’s Register, Marina Cloud, Oracle, Seahub, Scribble Software, Harbour Assist, among others. 

Key Developments:

• • In 2021, To enhance maritime security, Saudi Border Guards established the Jeddah Maritime Information Sharing Center (JMISC), a regional hub for collecting, exchanging, and analyzing data.

Segments covered in the Report:

The global Marine and Marine Management Software market has been segmented on the basis of Component, Deployment mode, Application, and key regions. Based on Component, the market is segmented into Software and Services. Based on Deployment mode, the market is segmented into Cloud, and On-Premises. Based on Application, the market is segmented into Crew Management, Port Management and Reservation Management. Based on region market is segmented into Asia Pacific, Europe, North America, and RoW. 

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Key questions answered in this research report:

• • At what pace is global Marine and Marine Management Software market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Marine and Marine Management Software market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Marine and Marine Management Software market?
  • Which Component generated maximum revenues in 2020 and identify the most promising Component during the forecast period?
  • What are the various Deployment mode areas of global Marine and Marine Management Software market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Marine and Marine Management Software Market by Component

• • Software
  • Services

Global Marine and Marine Management Software Market by Deployment mode

• • Cloud
  • On-Premises

Global Marine and Marine Management Software Market by Application

• • Crew Management
  • Port Management
  • Reservation Management

Global Marine and Marine Management Software Market by Region

• • North America Marine and Marine Management Software Market (Option 1: As a part of the free 25% customization)
    • North America Marine and Marine Management Software Market by Component
    • North America Marine and Marine Management Software Market by Deployment mode
    • North America Marine and Marine Management Software Market by Application
    • US Marine and Marine Management Software Market All-Up
    • Canada Marine and Marine Management Software Market All-Up
  • Europe Marine and Marine Management Software Market (Option 2: As a part of the free 25% customization)
    • Europe Marine and Marine Management Software Market by Component
    • Europe Marine and Marine Management Software Market by Deployment mode
    • Europe Marine and Marine Management Software Market by Application
    • UK Marine and Marine Management Software Market All-Up
    • Germany Marine and Marine Management Software Market All-Up
    • France Marine and Marine Management Software Market All-Up
    • Spain Marine and Marine Management Software Market All-Up
    • Rest of Europe Marine and Marine Management Software Market All-Up
  • Asia-Pacific Marine and Marine Management Software Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Marine and Marine Management Software Market by Component
    • Asia-Pacific Marine and Marine Management Software Market by Deployment mode
    • Asia-Pacific Marine and Marine Management Software Market by Application
    • China Marine and Marine Management Software Market All-Up
    • India Marine and Marine Management Software Market All-Up
    • Japan Marine and Marine Management Software Market All-Up
    • Rest of APAC Marine and Marine Management Software Market All-Up
  • RoW Marine and Marine Management Software Market (Option 4: As a part of the free 25% customization)
    • RoW Marine and Marine Management Software Market by Component
    • RoW Marine and Marine Management Software Market by Deployment mode
    • RoW Marine and Marine Management Software Market by Application
    • Brazil Marine and Marine Management Software Market All-Up
    • South Africa Marine and Marine Management Software Market All-Up
    • Saudi Arabia Marine and Marine Management Software Market All-Up
    • UAE Marine and Marine Management Software Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Marine and Marine Management Software Market All-Up

Major Players Operating in the Marine and Marine Management Software (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Ayden Marine
  • Blueshell
  • Dockmaster
  • Lloyd’s Register
  • Marina Cloud
  • Oracle
  • Seahub
  • Scribble Software
  • Harbour Assist