Global Smart Ports Market to be driven by the Rapid Growth of Trade in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Smart Ports Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the global smart ports market, assessing the market based on its segments like technology, element, throughput capacity, port type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 1.5 Billion
•  
• Forecast CAGR (2021-2026): 24.7%
•  
• Forecast Market Size (2026): USD 6.4 Billion

The fast rise of commerce, particularly in emerging nations, has resulted in greater use of smart ports to improve efficiency and productivity, which is propelling the worldwide smart ports market forward. Factors such as increased government initiatives, cloud-based software deployment, and technological advancements support the industry’s growth. Furthermore, the industry is likely to benefit from a rise in mega-ports over the projection period.

Industry Definition and Major Segments

The global smart ports market can be divided based on segments like technology, elements, throughput capacity, port types, and regions.

Based on technology, the market is divided into:

• Process Automation
•  
• Internet of Things
•  
• Artificial Intelligence
• Blockchain
•  
• Others

Based on element, the market is bifurcated into:

• Terminal Automation and Cargo Handling
•  
• Port Community System
•  
• Traffic Management System
•  
• Smart Port Infrastructure
•  
• Smart Safety and Security

Based on throughput capacity the market is divided into:

• Extensively Busy
•  
• Moderately Busy
•  
• Scarcely Busy

Based on port type, the market is segmented into:

• Seaport
•  
• Inland Port
•  
• Others

Based on major regions, the market is divided into:

• North America
•  
• Latin America
•  
• Europe
•  
• The Middle East and Africa
•  
• The Asia Pacific

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/smart-ports-market

Market Trends

The process automation category, among other technologies, is expected to dominate the worldwide smart ports market, accounting for the highest proportion. Furthermore, due to expanding industrialisation, rapidly developing emerging economies within the region, and strong development in trade activity in countries like Singapore and Hong Kong in recent years, the Asia Pacific area is predicted to grow faster over the projected period.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Key Market Players

The major players in the market are Wipro Limited, IBM, Accenture, ABB, Ramboll Group A/S, Ikusi Velatia and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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