With the emergence and long-term Impact of COVID-19, Global Waterway Transportation Software Solutions Market to reach USD 147.1 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Waterway Transportation Software Solutions Market is poised to raise up to USD 147.1 Billion by 2030. Waterway transportation software refers to specialized software utilized by shipping companies to enhance overall business efficiency and ensure the security of freight. This software is designed to elevate the efficiency and productivity of logistics companies, effectively managing and optimizing both inbound and outbound transportation operations. Its primary aim is to assist these companies in reducing costs while maintaining a streamlined and secure transportation process.
The market growth is driven by key factors such as increasing penetration of Machine-to-Machine (M2M) communication, growing adoption of Wi-Fi enabled underwater acoustic modems in the navy to navigate, and growing convergence of unmanned underwater vehicles and advanced acoustic sensors. For instance, With the rapid growth in global internet access and adoption, exceeding five billion users worldwide, the trend of online purchases continues to surge. In 2022, retail e-commerce sales were projected to surpass USD 5.7 trillion globally, and this upward trajectory is anticipated to persist in the years ahead.
Geographically, the global Waterway Transportation Software Solutions market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America takes the lead in the Waterway Transportation Software Solutions Market, driven by the expansion of the industrial sector and the growing impact of online sales for industrial goods. Asia-Pacific is poised for significant growth, benefiting from technological advancements and a rising demand for imports and exports, particularly in China and India. These factors are expected to influence market growth in the region positively.
The global Waterway Transportation Software Solutions market is highly competitive owing to the presence of several key manufacturers such as Trans-I Technologies Inc., Accenture Plc, Bass Software Ltd., Cognizant Technology Solution Corporation, SAP SE, ZeroNorth, High Jump Software, and others.
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Key findings of the study suggest:
- Global Waterway Transportation Software Solutions Market is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2023-2030.
- In the Solution segment, Vessel Tracking emerged as the leading market segment in 2022.
- In the Deployment Mode, Cloud emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to rising the expansion of the industrial sector and the growing impact of online sales for industrial goods.
- Asia-Pacific is expected to grow at a higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Solution:
- Warehousing
- Vessel Tracking
- Freight Security
- Yard Management
- Ship Broker Software
- Maritime software
- Others
Deployment Model:
- On-premise
- Cloud
- Hybrid
End-User:
- Retail & Consumer goods
- Energy & Power
- Mining
- Oil & Gas
- Construction
- Chemical
- Food & Beverage
- Military & Defense
- Healthcare & Pharmaceutical
- Manufacturing
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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