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The waterway transportation software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Waterway Transportation Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The waterway transportation software market size has grown strongly in recent years. It will grow from $69.33 billion in 2023 to $75.39 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to globalization, regulatory compliance, rising fuel costs, and supply chain optimization.
The waterway transportation software market size is expected to see strong growth in the next few years. It will grow to $106.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to digital transformation, sustainability initiatives, infrastructure investments, e-commerce growth, resilience, and risk management. Major trends in the forecast period include increased integration, focus on predictive analytics, adoption of AI and machine learning, expansion of cloud-based solutions, and emphasis on cybersecurity.
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Scope Of Waterway Transportation Software Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Waterway Transportation Software Market Overview
Market Drivers –
Increasing maritime trade activities are expected to propel the growth of the waterway transportation software market. Maritime trade activities refer to the commercial exchange of goods and services conducted via sea routes using ships and vessels. Maritime trade is increasing due to globalization, expanded markets, better shipping technology, new routes, and rising global demand for goods, along with improved infrastructure and economic policies. Waterway transportation software is utilized in maritime trade for optimizing vessel scheduling, route planning, cargo logistics, regulatory compliance, and real-time communication among stakeholders. For instance, in September 2023, according to the data published by the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental body, maritime trade is projected to experience 2.4% growth in 2023, with further increases of over 2% anticipated between 2024 and 2028. Specifically, containerized trade volumes are forecast to rise by 1.2% in 2023. Therefore, the increasing waterborne trade activities will drive the growth of waterway transportation software market.
Market Trends –
Major companies in the waterway transportation software market are increasing their reliance on technologies such as cloud-based transport management systems to maintain competitiveness and enhance operational efficiency. This cloud-based transport management system provides functionalities such as route optimization, real-time tracking, inventory management, freight scheduling, and performance analytics, accessible from any internet-connected device. For instance, in September 2023, CocoonFMS Ltd., a UK-based logistics software company, unveiled CocoonOPS, its latest transport management system designed to revolutionize operations for freight forwarders. CocoonOPS aims to transform freight forwarding operations, particularly for small and medium-sized businesses, by offering real-time shipment tracking for air, sea, road, and rail, as well as features such as demurrage and detention cost calculations, customizable workflows, automated tasks, and document generation.
The waterway transportation software market covered in this report is segmented –
1) By Solutions : Warehousing, Vessel Tracking, Freight Security, Yard Management, Audit And Claim, Ship Broker Software, Maritime Software, Other Solutions
2) By Services : Managed Services, Consulting Or Customization Services, Training Services
3) By Deployment Model : On-Premises, Cloud, Hybrid
4) By Industry Vertical : Consumer And Retail, Oil And Gas, Industrial And Manufacturing, Energy And Mining, Aerospace And Defense, Construction, Chemicals, Pharmaceuticals And Healthcare, Food And Beverages, Other Industry Vertical
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Regional Insights –
North America was the largest region in the waterway transportation software market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waterway transportation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the waterway transportation software market are Maersk A/S, Accenture plc, Oracle Corporation, SAP SE, Danaher Corporation, ABB Ltd, Cognizant Technology Solutions Corporation, Zebra Technologies Corporation, Flexport Inc., Kirby Corporation, DNV GL AS, American Commercial Lines Inc, Descartes Systems Group Inc., Aquatic Informatics Inc, LogiNext Solutions Pvt. Ltd., Jibe, Geniuserp, FourKites Inc., Trans-I Technologies Inc., Bass Software Solutions, Hidrovuas do Brasil, XPV Water Partners, Zero North, Veson Nautical Corporation, ABS Wavesight, FRETRON, Nautical Corporation
Table of Contents
- Executive Summary
- Waterway Transportation Software Market Report Structure
- Waterway Transportation Software Market Trends And Strategies
- Waterway Transportation Software Market – Macro Economic Scenario
- Waterway Transportation Software Market Size And Growth
…..
- Waterway Transportation Software Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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