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[272 Pages Report] The global smart ports market is projected to reach a size of USD 5.1 billion by 2026, at a CAGR of 23.9%, from an estimated USD 1.7 billion in 2021. Growing need to reduce carbon emission from the maritime industry and the adoption of industry 4.0 by seaports to enhance the capacity of seaports are key factors driving the growth of the smart ports market.
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Smart Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port Infrastructure), Throughput Capacity, Port Type, and Region - Global Forecast to 2026 www.MarketsandMarkets.com
The smart ports market is estimated to grow from USD 1.7 billion in 2021 to USD 5.1 billion by 2026 at a CAGR of 23.9% during the forecast period. Growing need to reduce carbon emissions from the maritime industry and the growing adoption of Industry 4.0 to enhance port efficiency are the key factors driving the growth of the smart ports market. Growing adoption of big data, IoT, blockchain, artificial intelligence, and digital twin to increase the operational efficiency of ports is expected to offer profitable opportunities for the smart ports market during the forecast period. View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/smart-ports-market-165784113.html
The smart port infrastructure segment is expected to be the largest smart ports market, by element, during the forecast period. Based on element, the smart ports market has been segmented into IoT, Blockchain, Process Automation, and Artificial Intelligence (AI). The smart port infrastructure segment of the smart ports market, by element, accounts for the highest market share among all the other segments because it is the most intensive aspect of developing any port into a smart port. With the rise in global trade, it has been observed that the size of vessel and cargo volumes have increased, which has impacted the seaports in terms of managing the operations. Ports are therefore increasing the adoption of smart solutions that will help optimize operations, promote efficiency, and reduce logistics costs without requiring major investment in new infrastructure and equipment. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=165784113
The extensively busy port segment, by throughput capacity, is expected to be the largest market from 2021 to 2026. Based on throughput capacity, the smart ports market has been segmented into extensively busy ports, moderately busy ports, and scarcely busy ports. The extensively busy ports segment is projected to lead the smart ports market from 2021 to 2026. The ports have been segmented on the basis of the Twenty-Foot Equivalent Unit (TEU) capacity handled at the port. Extensively busy ports handle a capacity of more than 18 million TEU per year, moderately busy ports handle a capacity of 5–8 million TEU per year, and scarcely busy ports handle a capacity of less than 5 million TEU per year. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165784113
Browse >> 245 market data tables 53 figures 272 pagesand in-depth TOC on “Smart Ports Market - Global Forecast to 2026” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
Asia Pacific likely to emerge as the fastest-growing smart ports market, by region, during the forecast period. In this report, the smart ports market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to grow at the highest CAGR during the forecast period. This scope of the regional market includes China, Singapore, Japan, Hong Kong, South Korea, and Rest of Asia Pacific. It is a dominant region in the global maritime trade. Maritime knowledge has gained momentum in the Asia Pacific region because of increased sea trade and rapid globalization. In addition, technical advances are allowing the provision of real-time data in the industry. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=165784113
Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Smart Ports Market. These include • IBM (US), • General Electric (US), • Port of Rotterdam (Netherlands), • Royal Haskoning (Netherlands) and many more... • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=165784113
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