Marine Management Software Global Market Report 2022

Major players in the marine management software market are Oracle, ABB, DockMaster, Marina Master, Marinacloud, Lloyd's Register, Harbour Assist, KongsbergMaritime, DNV GL, MatridTechnologies, TeroMarineAS, Nautical Software, Ocean Manager, Chetu, Harba, Scribble Software and TIMEZERO.

The global marine management software market is expected to grow from $1.51 billion in 2021 to $1.7 billion in 2022 at a compound annual growth rate (CAGR) of 12.4%. The marine management software market is expected to grow to $2.81 billion in 2026 at a CAGR of 13.4%.

The marine management software market consists of sales of marine management software by entities (organizations, sole traders, and partnerships) which refers to smart software that is used to efficiently manage a modern fleet, whether it means a few or hundreds of vessels. It is a solution based on an integrated approach that can provide the insight that is needed to gain efficiency, reduce Opex and remain competitive in the maritime market. The precondition of implementing a proper marine management software system is a planned maintenance system (PMS), procurement, and QHSE solution, where all modules are fully connected.

The main types of marine management software are tracking and monitoring, navigation and routing, supply chain and logistics, finance and accounting, system testing, and others. Tracking and monitoring include obtaining data to ensure that the intervention is being given effectively, that it is on track to fulfill its goals, and that ethical rules are being followed correctly. Marine management software provides professional services and managed services to the onshore and onboard locations. The end-users of marine management software are commercial and defense that have applications in crew management, port management, harbour management, reservation management, cruise and yacht management.

North America was the largest region in the marine management software market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in marine management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The marine management software market research report is one of a series of new reports that provides marine management software market statistics, including marine management software industry global market size, regional shares, competitors with a marine management software market share, detailed marine management software market segments, market trends and opportunities, and any further data you may need to thrive in the marine management software industry. This marine management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The enhanced shipyard productivity in recent years in the marine management software market is expected to drive the market growth. Enhanced shipyard productivity refers to the rate at which shipyards are increasing their production and gaining efficiency through the capitalization of new technologies such as AR and VR applications, 3D and digital twins and other digital solutions introduces by the incorporation of marine management software solutions into the marine business. As the majority of the 4,900 ports in the world are not yet using digital technology for even the most basic processes; 80% of ports continue to rely on manual, legacy solutions such as whiteboards or spreadsheets to manage critical marine operations, but due to increase in business at ports are now facing challenges and rise. For instance, in August 2019, Inmarsat, Cargotec, Shell, HHLA, and Wärtsilä launched the second cycle of the Trade And Transport Impact Program in search of 10 mature startups to increase the productivity of marine transportation. This innovation platform was set up to produce commercial partnerships between startups and top transport companies so that productivity could be increased through digitalization.

Technological advancements in ship manufacturing, and marine transportation are shaping the marine management software market. The major players in the marine management software market are focusing on introducing technological solutions such as Robotics, AI, machine learning, the internet of things, blockchain, drones, and augmented reality to harness and create a safer, more efficient, and more productive environment in the marine industry. For instance, in July 2021, ABB an automation company launched a digital platform, ABB Ability Marine Fleet Intelligence (A Marine Management Software) to optimize vessel performance across fleets. The new platform integrates reporting and the power of Cloud-based analytics to provide user-friendly visualizations. Offered as a software as a service (SaaS), the platform can gather data from several vessel systems.

In November 2020, Norwegian Software acquired IB Marine for EUR 1.6 million (~$1.70 million). The acquisition, is destined to increase the internationalization of IB, which has a consolidated presence in ship management software, especially in the cruise and passenger transport sector. IB is an Italian IT company involved in creating marine management software.

The countries covered in the marine management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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