Smart Port Market - Global Business Dynamics, Industry Opportunities, Risk And Driving Force 2027

The Global Smart Port Market is estimated to reach USD 8.4 Billion by 2027 at a CAGR of 24.2%, says forencis research (FSR).

Smart port is defined an automated port that uses emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Blockchain to enhance its performance. As the volume of trade is growing notably, implementation of these technological solutions helps in automated functioning improving internal efficiency.

Smart Port Market: Drivers & Challenges

Market Drivers:

Demand for Operational Efficiency at Ports

The global trade is increasing at faster pace, this have increased vessel size, cargo volumes, traffic at port, which increases pressure on the yards and the stakeholders involved. Because of this increased pressure, the internal efficiency at operational level gets affected at the ports. Incorporating smart solutions may help in optimizing operational activities, improving efficiency and reducing logistics cost. Sensors installed at the ports helps in monitoring infrastructure, scheduling maintenance activities, and optimizing many other operational activities.

Thus, demand for operational efficiency at ports may contribute in the growth for the smart port market, during the forecast period.

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Implementation of Cloud Computing to Reduce Carbon Emission

Carbon footprint created by shipping industry is very large. According to International Transport Forum (ITF), approximately 85% of carbon dioxide emissions were produced by ports. To reduce the amount of emissions produced various steps are taken by the industry. Installing cloud computing may help the industry to achieve their target for lower emissions. The organization can migrate the workload to the cloud server which will save energy consumed by on premise infrastructure. Cloud computing helps in saving energy, cost and resources to great extent.

Thus, implementation of cloud computing to reduce carbon emission may contribute in the growth of the smart port market, during the forecast period.

Market Challenges:

Cyberattacks Issue

Recently, the ports are experiencing digital transformation to optimise operational activities and expand the capabilities, such as monitoring of infrastructure, collecting real-time data, and automation. This transformation is based on the technologies such as big data, cloud computing, Internet of Things (IoT) and incorporation of these technologies in the system has made the ports vulnerable to cyberattacks. To utilise technologies at their full potential awareness regarding cyberattacks can be raised among the stakeholders and cybersecurity can be developed.

Thus, cyberattacks can be challenging factor for the growth of the smart port market, during the forecast period.

Smart Port Market: Key Segments

Segmentation based on component covers: Hardware, Software, and
Segmentation based on solution covers: Single-window Custom, X-ray Scanning, Smart Cargo-handling System, Gate Automation, Traffic-monitoring System, Asset Health Monitoring, Biometric Access Control System and
Segmentation based on technology covers: Internet of Things (IoT), Big Data, Artificial Intelligence (AI), Blockchain, and
Segmentation based on port type covers: Emerging, Intermodal Terminal, Local Trade and City-based.
Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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Smart Port Market: Report Scope

The report on the smart port market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Smart Port Market include:

IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Trelleborg Marine and Infrastructure
Royal HaskoningDH
Accenture Plc
General Electric Company
ABB Ltd.
Ramboll
Scientific Enterprises Ltd
Ikusi Redes de Telecomunicaciones, S.L
AGT International
Other Key Companies

Smart Port Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Smart Port Market, by Component

Hardware
Software

Web-based
Cloud-based

Service

Smart Port Market, by Solution

Single-window Custom
X-ray Scanning
Smart Cargo-handling System
Gate Automation
Traffic-monitoring System
Asset Health Monitoring
Biometric Access Control System
Others

Smart Port Market, by Technology

Internet of Things (IoT)
Big Data
Artificial Intelligence (AI)
Blockchain
Others

Smart Port Market, by Port Type

Emerging
Intermodal Terminal
Local Trade
City-based

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Smart Port Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major developments impacting the market worldwide and its growth?
What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of global market?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key global players operating in the market?
How are the major players leveraging in the existing global market conditions?

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1. Demand for Operational Efficiency at Ports

4.2.2. Implementation of Cloud Computing to Reduce Carbon Emission

4.3 Restraint

4.3.1 High Initial Investment

4.4 Opportunity

4.4.1. Encouraging Government Policies

4.5 Challenge

4.5.1. Cyberattacks Issue

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

6 GLOBAL SMART PORT MARKET BY COMPONENT, Market Size in USD Million (2018—2027)

6.1 Introduction

6.2 Hardware

6.3 Software

6.3.1 Web-based

6.3.2 Cloud-based

6.4 Services

7 GLOBAL SMART PORT MARKET BY SOLUTION, Market Size in USD Million (2018—2027)

7.1 Introduction

7.2 Single-window Custom

7.3 X-ray Scanning

7.4 Smart Cargo-handling System

7.5 Gate Automation

7.6 Traffic-monitoring System

7.7 Asset Health Monitoring

7.8 Biometric Access Control System

7.9 Others

8 GLOBAL SMART PORT MARKET BY TECHNOLOGY, Market Size in USD Million (2018—2027)

8.1 Introduction

8.2 Internet of Things (IoT)

8.3 Big Data

8.4 Artificial Intelligence (AI)

8.5 Blockchain

8.6 Others

9 GLOBAL SMART PORT MARKET BY PORT TYPE, Market Size in USD Million (2018—2027)

9.1 Introduction

9.2 Emerging

9.3 Intermodal Terminal

9.4 Local Trade

9.5 City-based

10 GLOBAL SMART PORT MARKET BY REGION, Market Size in USD Million (2018—2027)

10.1 North America

10.1.1 US

10.1.2 Canada

10.1.3 Mexico

10.2 Europe

10.2.1 Germany

10.2.2 France

10.2.3 Italy

10.2.4 UK

10.2.5 Rest of Europe

10.3 Asia-Pacific

10.3.1 China

10.3.2 India

10.3.3 Japan

10.3.4 South Korea

10.3.5 Rest of Asia-Pacific

10.4 Middle East and Africa

10.4.1 Saudi Arabia

10.4.2 UAE

10.4.3 Rest of Middle East and Africa

10.5 South America

10.5.1 Brazil

10.5.2 Argentina

10.5.3 Rest of South America

11 COMPETITIVE LANDSCAPE

11.1 Introduction

11.2 Market Ranking/Share Analysis of Key Companies

11.3 Company Benchmarking

12 COMPANY PROFILES

12.1 IBM Corporation

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Products/Solutions/Services Offered

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Trelleborg Marine and Infrastructure

12.3 Royal HaskoningDH

12.4 Accenture Plc

12.5 General Electric Company

12.6 ABB Ltd.

12.7 Ramboll

12.8 Scientific Enterprises Ltd

12.9 Ikusi Redes de Telecomunicaciones, S.L

12.10 AGT International

12.11 Other Key Companies

13 APPENDIX

13.1 Key Industry Expert Insights

13.2 Primary Discussion Guide

13.3 Customization Options

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