The global connected ship solutions market size is poised to grow by USD 2.25 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190904005513/en/
Technavio has announced its latest market research report titled global connected ship solutions market 2019-2023. (Graphic: Business Wire)
Read the 148-page research report with TOC on “Connected Ship Solutions Market Analysis Report by ship type (commercial and defense), and geography (APAC, Europe, North America, South America, and MEA) 2019 – 2023” Request a Free Sample Report
The market is driven by rising seaborne trade activities. In addition, the digital transformation of marine industry is expected to further boost the growth of the connected ship solutions market.
Rapid industrialization and the liberalization of economies has increased the total seaborne trade volume, thereby, boosting the shipping industry. The rising seaborne trading activity is also attributed to technological advances. The improved fuel efficiency functionalities and the proliferation of multi-fuel engines have made shipping one of the most fuel-efficient and environment-friendly forms of commercial transport. Thus, the rising seaborne trade activities will fuel the growth of the connected ship solutions market during the forecast period.
Ship operators are increasingly focusing on optimizing costs, delivering better services, and boosting revenues via digital transformation. Shipping companies are introducing automation and digital techniques to streamline business processing and customer handling processes to enhance their market share. Connected ship solutions generate a substantial amount of data, and the use of several risk-averting models and predictive mechanisms on the data can lead to enhanced business productivity. Thus, the digital transformation in the marine industry will drive the demand for connected ship solutions.
For More Information: Request Free Sample Pages
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Northrop Grumman Corp.
- Siemens AG
Market Segmentation by Ship Type:
The connected ship solutions market can be broadly categorized into the following segments:
Key Regions for the Connected Ship Solutions Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Information Technology are:
Connected Aircraft Solutions Market – Global Connected Aircraft Solutions Market by end-user (civil aviation and military aviation) and geography (APAC, Europe, MEA, North America, and South America).
Connected (Smart) Street Light Market – Global Connected (Smart) Street Light Market by connectivity (wired and wireless) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.