Smart Port Market by Component (Hardware, Software, Services), by Technology (IoT, Big Data, AI, Blockchain), by Port Type (Emerging, Intermodal Terminal, Local Trade, City-based), by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast 2018 to 2027\r\n

Smart Port Market: Summary

The Global Smart Port Market is estimated to reach USD 8.4 Billion by 2027 at a CAGR of 24.2%, says forencis research (FSR).

Smart port is defined an automated port that uses emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Blockchain to enhance its performance. As the volume of trade is growing notably, implementation of these technological solutions helps in automated functioning improving internal efficiency.

Smart Port Market

 

Smart Port Market: Drivers & Challenges

Market Drivers:

  • Demand for Operational Efficiency at Ports

The global trade is increasing at faster pace, this have increased vessel size, cargo volumes, traffic at port, which increases pressure on the yards and the stakeholders involved. Because of this increased pressure, the internal efficiency at operational level gets affected at the ports. Incorporating smart solutions may help in optimizing operational activities, improving efficiency and reducing logistics cost. Sensors installed at the ports helps in monitoring infrastructure, scheduling maintenance activities, and optimizing many other operational activities.

Thus, demand for operational efficiency at ports may contribute in the growth for the smart port market, during the forecast period.

  • Implementation of Cloud Computing to Reduce Carbon Emission

Carbon footprint created by shipping industry is very large. According to International Transport Forum (ITF), approximately 85% of carbon dioxide emissions were produced by ports. To reduce the amount of emissions produced various steps are taken by the industry. Installing cloud computing may help the industry to achieve their target for lower emissions. The organization can migrate the workload to the cloud server which will save energy consumed by on premise infrastructure. Cloud computing helps in saving energy, cost and resources to great extent.

Thus, implementation of cloud computing to reduce carbon emission may contribute in the growth of the smart port market, during the forecast period.

Market Challenges:

  • Cyberattacks Issue

Recently, the ports are experiencing digital transformation to optimise operational activities and expand the capabilities, such as monitoring of infrastructure, collecting real-time data, and automation. This transformation is based on the technologies such as big data, cloud computing, Internet of Things (IoT) and incorporation of these technologies in the system has made the ports vulnerable to cyberattacks. To utilise technologies at their full potential awareness regarding cyberattacks can be raised among the stakeholders and cybersecurity can be developed.

Thus, cyberattacks can be challenging factor for the growth of the smart port market, during the forecast period.

Smart Port Market: Key Segments

  • Segmentation based on component covers: Hardware, Software, and
  • Segmentation based on solution covers: Single-window Custom, X-ray Scanning, Smart Cargo-handling System, Gate Automation, Traffic-monitoring System, Asset Health Monitoring, Biometric Access Control System and
  • Segmentation based on technology covers: Internet of Things (IoT), Big Data, Artificial Intelligence (AI), Blockchain, and
  • Segmentation based on port type covers: Emerging, Intermodal Terminal, Local Trade and City-based.
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Smart Port Market: Report Scope

The report on the smart port market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Solution, Technology, Port Type, and Region

Regional Coverage

Asia-Pacific, Europe, Middle East and Africa, South America and North America

 

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Trelleborg Marine and Infrastructure
  • Royal HaskoningDH
  • Accenture Plc
  • General Electric Company
  • ABB Ltd.
  • Ramboll
  • Scientific Enterprises Ltd
  • Ikusi Redes de Telecomunicaciones, S.L
  • AGT International
  • Other Key Companies

Smart Port Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Smart Port Market, by Component

  • Hardware
  • Software
    • Web-based
    • Cloud-based
  • Service

Smart Port Market, by Solution

  • Single-window Custom
  • X-ray Scanning
  • Smart Cargo-handling System
  • Gate Automation
  • Traffic-monitoring System
  • Asset Health Monitoring
  • Biometric Access Control System
  • Others

Smart Port Market, by Technology

  • Internet of Things (IoT)
  • Big Data
  • Artificial Intelligence (AI)
  • Blockchain
  • Others

Smart Port Market, by Port Type

  • Emerging
  • Intermodal Terminal
  • Local Trade
  • City-based

Smart Port Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the market worldwide and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?

Report Audience

  • Smart Port Market Providers
  • Smart Port Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Smart Port Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART PORT MARKET STUDY

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

                                 4.2.1.    Demand for Operational Efficiency at Ports

                                 4.2.2.    Implementation of Cloud Computing to Reduce Carbon Emission

4.3       Restraint

                                  4.3.1    High Initial Investment

4.4       Opportunity

                                 4.4.1.    Encouraging Government Policies

4.5       Challenge

                                 4.5.1.    Cyberattacks Issue

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      GLOBAL SMART PORT MARKET BY COMPONENT, Market Size in USD Million (2018—2027)

6.1       Introduction

6.2       Hardware

6.3       Software

                                  6.3.1    Web-based

                                  6.3.2    Cloud-based

6.4       Services

7      GLOBAL SMART PORT MARKET BY SOLUTION, Market Size in USD Million (2018—2027)

7.1       Introduction

7.2       Single-window Custom

7.3       X-ray Scanning

7.4       Smart Cargo-handling System

7.5       Gate Automation

7.6       Traffic-monitoring System

7.7       Asset Health Monitoring

7.8       Biometric Access Control System

7.9       Others

8      GLOBAL SMART PORT MARKET BY TECHNOLOGY, Market Size in USD Million (2018—2027)

8.1       Introduction

8.2       Internet of Things (IoT)

8.3       Big Data

8.4       Artificial Intelligence (AI)

8.5       Blockchain

8.6       Others

9      GLOBAL SMART PORT MARKET BY PORT TYPE, Market Size in USD Million (2018—2027)

9.1       Introduction

9.2       Emerging

9.3       Intermodal Terminal

9.4       Local Trade

9.5       City-based

10   GLOBAL SMART PORT MARKET BY REGION, Market Size in USD Million (2018—2027)

10.1     North America

                                10.1.1    US

                                10.1.2    Canada

                                10.1.3    Mexico

10.2     Europe

                                10.2.1    Germany

                                10.2.2    France

                                10.2.3    Italy

                                10.2.4    UK

                                10.2.5    Rest of Europe

10.3     Asia-Pacific

                                10.3.1    China

                                10.3.2    India

                                10.3.3    Japan

                                10.3.4    South Korea

                                10.3.5    Rest of Asia-Pacific

10.4     Middle East and Africa

                                10.4.1    Saudi Arabia

                                10.4.2    UAE

                                10.4.3    Rest of Middle East and Africa

10.5     South America

                                10.5.1    Brazil

                                10.5.2    Argentina

                                10.5.3    Rest of South America

11   COMPETITIVE LANDSCAPE

11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking

12   COMPANY PROFILES

12.1     IBM Corporation

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     Trelleborg Marine and Infrastructure

12.3     Royal HaskoningDH

12.4     Accenture Plc

12.5     General Electric Company

12.6     ABB Ltd.

12.7     Ramboll

12.8     Scientific Enterprises Ltd

12.9     Ikusi Redes de Telecomunicaciones, S.L

12.10  AGT International

12.11  Other Key Companies

13   APPENDIX

13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3   Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

 

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : EP 033

Published : February, 2020


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