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Maritime Analytics Market Forecast to 2027: Impact of COVID-19 and Global Analysis by Application and End User; and geography
The marine analytics market was valued at US $ 894 28 million in 2019 and is projected to reach US $ 1,833 50 million by 2027; It is expected to grow at a CAGR of 10.0% from 2020 to 2027. The growing trend of digital transformation in shipping and the maritime industry, coupled with increased adoption of connected devices and digital solutions to improve productivity, are some of the key drivers for the global marine analytics market. New York, Oct 20, 2020 (GLOBE NEWSWIRE) – Reportlinker.com Announces Release of Report “Maritime Analytics Market Forecast to 2027 – Impact of COVID-19 and Global Analysis by Application and End User; and Geography” – https : //www.reportlinker.com/p05978091/? utm_source = GNW However, a lack of skilled workforce and cybersecurity concerns can act as a factor hampering market growth. Despite some limitations, the increasing adoption of Analytics among commercial end users and the integration of advanced technologies such as artificial intelligence by maritime analytics solution providers for better performance are some of the factors that are expected to will drive the future growth of the global maritime analytics market Predictive analytics solutions have the ability to transform the shipping industry by improving overall shipping operations, enhancing ship safety and ensuring environmental protection In addition, the high level of customization offered by these solutions based on the needs of any port or shipping company is expected to fuel demand during the forecast period. With increasing globalization, the demand for freight transport will grow substantially in the coming years. Therefore, the demand for advanced data processing and predictive analytics techniques will also increase. among maritime companies to maximize time efficiency and cost savings. These factors are driving the demand for maritime analytics globally. The marine analytics market is segmented into applications, end users, and geography. Based on the application, the Maritime analysis market is divided into optimal route mapping, predictive and prescriptive analysis, information on ice, safety and protection of vessels, among others. The predictive and prescriptive analytics segment is expected to be the largest segment during the forecast period. According to the end user, the market is divided into commercial and defense. The commercial segment contributed a substantial share in 2019 and is anticipated to be the fastest growing segment over the forecast period. Geographically, the market is segmented into five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. (SAM) In 2019, Europe had the largest share followed by North America and APAC. APAC is projected to be the fastest growing region from 2020 to 2027 The overall size of the marine analytics market has been derived using primary and secondary sources To begin the research process, extensive secondary research has been conducted using internal sources and external to obtain qualitative information and quantitative information related to the market The process also serves to obtain an overview and forecast of the maritime analytics market with respect to all segments It also provides the overview and forecast of the global market of maritime analytics based on all the segmentation provided. with respect to five main regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America. Additionally, primary interviews with industry participants and commentators were conducted to validate the data as well as to gain more analytical insights on the topic. . Participants who typically take part in such a process include industry experts, such as vice presidents, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts. and key opinion leaders who specialize in ABB Ltd., exact Earth, Itransition, Planet Labs Inc., Prisma Electronics SA, ShipNet, SparkCognition, Spire Global, SINAY SAS and Windward Ltd. are among the main players operating in the global market for maritime analysis. Read the full report: https://www.reportlinker.com/p05978091/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need, instantly, in one place .__________________________ CONTACT: Clare: [email protected] US: (339) – 368-6001 Intl: +1 339-368- 6001
