Marine Management Software Global Market Opportunities and Strategies to 2032

This report describes and explains the marine management software market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global marine management software market reached a value of nearly $1,645.21 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.84% since 2017. The market is expected to grow from $1,645.21 million in 2022 to $2,806.04 million in 2027 at a rate of 11.27%. The market is then expected to grow at a CAGR of 11.65% from 2027 and reach $4,869.03 million in 2032.

Growth in the historic period resulted from emerging markets growth, the increasing seaborne trade and enhanced shipyard productivity. Factors that negatively affected growth in the historic period were COVID-19 impact and software piracy.

Going forward, government support, the rising need to efficiently manage complex supply chain operations, the increasing adoption of cloud-based marine management solutions and the rising urbanization will drive the growth. Factors that could hinder the growth of the marine management software market in the future include the increase in cyber-attacks and stringent laws and regulations.

The marine management software market is segmented by component into software and services. The software market was the largest segment of the marine management software market segmented by component, accounting for 67.81% of the total in 2022. Going forward, the software segment is expected to be the fastest growing segment in the marine management software market segmented by component, at a CAGR of 11.50% during 2022-2027.

The marine management software market is segmented by location into onshore and onboard. The onshore market was the largest segment of the marine management software market segmented by location, accounting for 74.00% of the total in 2022. Going forward, the onshore segment is expected to be the fastest growing segment in the marine management software market segmented by location, at a CAGR of 11.53% during 2022-2027.

The marine management software market is segmented by end-user into commercial and defense. The commercial market was the largest segment of the marine management software market segmented by end user, accounting for 77.52% of the total in 2022. Going forward, the commercial segment is expected to be the fastest growing segment in the marine management software market segmented by end user, at a CAGR of 11.41% during 2022-2027.

The marine management software market is segmented by application into crew management, port management, harbor management, reservation management, cruise and yacht management and other applications. The port management market was the largest segment of the marine management software market segmented by application, accounting for 37.5% of the total in 2022. Going forward, the harbor management segment is expected to be the fastest growing segment in the marine management software market segmented by application, at a CAGR of 12.1% during 2022-2027.

North America was the largest region in the marine management software market, accounting for 38.23% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the marine management software market will be Asia Pacific and North America where growth will be at CAGRs of 13.29% and 10.92% respectively.

The global marine management software market is concentrated, with a few large players. The top ten competitors in the market made up 52.48% of the total market in 2021. This is due to the existence of a number of local players in the market serving customers in particular geographies. Oracle was the largest competitor with a 23.90% share of the market, followed by ABB Ltd with 18.50%, Kongsberg Gruppen with 2.70%, DNV GL with 2.28%, Lloyd's Register with 1.59%, Tero Marine AS with 1.22%, DockMaster with 1.15%, Scribble Software Inc with 0.42%, Harba with 0.36% and Chetu with 0.36%.

The top opportunities in the marine management software market segmented by component will arise in the software segment, which will gain $807.29 million of global annual sales by 2027. The top opportunities in the marine management software market segmented by location will arise in the onshore segment, which will gain $883.03 million of global annual sales by 2027. The top opportunities in the marine management software market segmented by end user will arise in the commercial segment, which will gain $914.08 million of global annual sales by 2027. The top opportunities in the marine management software market segmented by application will arise in the port management segment, which will gain $453.94 million of global annual sales by 2027. The marine management software market size will gain the most in the USA at $354.46 million.

Market-trend-based strategies for the marine management software market include technological advancements, use of cloud technology, use of artificial intelligence, collaborations and acquisitions and increasing investments.

Player-adopted strategies in the marine management software market include focus on enhancing operational capabilities through the launch of new products, focus on strengthening business through strategic acquisitions and focus on enhancing business operations through strategic collaborations and partnerships.

To take advantage of the opportunities, the publisher recommends the marine management software companies to focus on technological advancements, focus on new product launches, focus on artificial intelligence (AI), focus on cloud technology, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on fast-growing applications and continue to target fast-growing end-users.