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Lately, the interest for productive and smoothed out management arrangements inside the marine area has filled the extension of this software market. As delivery organizations, port specialists, and oceanic associations try to upgrade functional proficiency and consistence with administrative prerequisites, the reception of marine management software has become progressively common. One critical driver of market elements is the developing accentuation on security and administrative consistence inside the oceanic business. With a rising number of stern guidelines overseeing sea tasks, including ecological principles and wellbeing conventions, there is a rising requirement for software arrangements that can assist with guaranteeing adherence to these rules.
Marine management software gives highlights, for example, vessel following, wellbeing management, and consistence checking, empowering organizations to explore the complicated scene of sea guidelines effortlessly. Another element adding to the market elements is the rising familiarity with the significance of information driven dynamic in the sea area. This information driven approach engages oceanic partners to settle on informed choices, improve asset designation, and at last upgrade functional productivity.
The combination of innovations, like Internet of Things (IoT) further shapes the market elements of marine management software. IoT-empowered sensors and gadgets on vessels give constant information on different boundaries, considering prescient support and early distinguishing proof of possible issues. Man-made brainpower calculations upgrade information examination abilities, empowering the software to create significant bits of knowledge and improve oceanic activities. From fleet management to trip organization, organizations in this market try to give far reaching software suites that address the requirements and difficulties looked by oceanic associations. This variety in contributions adds to a dynamic and spirited market climate, where development and continuous improvement are foremost. Marine management software merchants should adjust their solutions for meet the prerequisites of various geographic markets, prompting a shifted and region-specific interest for these arrangements.
Marine Management Software Market Highlights:
Marine Management Software Market Overview
The Marine Management Software Market Size was valued at USD 1.61 Billion in 2021. The Marine Management Software industry is projected to grow from USD 1.86 Billion in 2022 to USD 3.94 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.64% during the forecast period (2024-2030). The marine management software helps the boatyards, marinas, and boat dealers to manage complex supply chain operations efficiently and results in boosting performance. The software provides ship management data to the ship owners and managers and helps them make the operations leaner and more efficient. Further, the rising transportation services through waterways have made it essential for the marine industry to make use of digital technologies for collecting, processing, storing, distributing, and presenting data to the participants.
The marine management software offers better trade services, enhances safety, and helps to improve the warehouse management system. This software provides the cargo information about the ships departing from various ports and helps to identify the schedules of these ships for better communication and trade. The well-connection information exchange between the ships helps to achieve better coordination, and reduce maritime accidents at bay. Moreover, integration with the enterprise resource planning software allows supply chain visibility, reduces freight delivery costs, and results in improved business decisions.
Figure 1: Marine Management Software Market Size, 2024-2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Marine Management Software Market Trends
Rising need for managing complex supply chain operations and database management solutions
The marine and shipping industry involves many complex processes and has to deal with dynamic market conditions. The implementation of digital technologies in the marine industry emerges as an opportunity to modernize operations and create smarter ships and fleets. The increase in consumer demand for various goods has resulted in the growth of the supply chain. This has eventually surged the demand to implement new methods for efficiently managing operations and achieving optimized productivity. The use of marine management software helps in data collection, storage, processing, presentation, and distribution across different participants in the maritime industry. This software is integrated with advanced technologies such as Artificial Intelligence (AI), Analytics, and Big Data, which allows the end users to digitally organize their inventory data, monitor and manage shipping and tracking details and generate electronic invoices with ease. The marine management software helps to minimize time and money spent on shipping, tracking, and compiling data, thereby forming huge demand in the industry.
Marine Management Software Market Segment Insights
Marine Management Software Component Insights
The market segmentation, based on Components, includes Software, Services. The Software segment held the majority share in 2021. Marine software adoption is becoming crucial for the shipping industry, as it enables shipping companies to automate and track vessel performance and enhance overall productivity. The marine software enables administrators to track orders, generate shipping manifests, gain insights into performance reports, and identify new business opportunities on a centralized dashboard.
Marine Management Software Deployment Mode Insights
Based on Deployment Mode, the market segmentation includes On-Premise and Cloud. The Cloud segment is projected to be the faster-growing segment during the forecast period, 2022-2030. The adoption of the market is rising ly as a consequence of the cloud-based deployment's ability to help firms analyze and publish data findings more rapidly, foster better teamwork, and provide decision-makers with faster access to business analytics.
Marine Management Software Location Insights
Based on the location, the market segmentation includes Onboard and Onshore. The Onshore segment dominated the Marine Management Software market growth in 2021 and will continue to be the fastest-growing segment in the coming years.
Marine Management Software Organization Size Insights
Based on Organization Size, the market segmentation includes SMEs and Large enterprises. The Large enterprises' segment dominated the market in 2021.
Marine Management Software Application Insights
Based on Application, the market segmentation includes Crew Management, Harbor Management, Port Management, Cruise and Yacht Management, and Reservation Management. The Port Management segment dominated the market in 2021.
Figure 2: Marine Management Software Market, by Application, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Marine Management Software Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is likely to be the dominant regional market due to the faster adoption of advanced technologies in developed countries in the region—the US, Canada, and Mexico. This is mainly due to the region being one of the most technologically advanced regions with the presence of a large number of market players such as DockMaster (US), Oracle (US), Scribble Software (US), and MarineCFO (US). The Asia-Pacific is expected to advance at the highest CAGR during the forecast period due to the growing utilization of technologies. The growth of the marine management software market in Asia-Pacific is expected to be influenced by the growing adoption of modern technologies, as well as the increasing numbers of small and medium enterprises (SMEs). The increasing technological adoption, focus on innovations obtained from R&D and technology, more IT organizations, and ongoing projects will boost the market in the Asia-Pacific region.
Figure 3: MARINE MANAGEMENT SOFTWARE MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Marine Management Software Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Marine Management Software industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Marine Management Software industry to benefit customers and expand the market sector. Major market players, including Oracle, ABB, DockMaster, Marina Master, Lloyd's Register, and others, are attempting to increase market demand by funding R&D initiatives.
Oracle is a corporation that offers platform services and integrated cloud applications. Three business divisions make up its operations: Cloud and License, Hardware, and Services. Through its cloud and licensing services, the Cloud and License business promotes, offers for sale, and provides a variety of enterprise applications and infrastructure technologies. The Hardware division includes hardware support as well as business hardware products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management, and more. Advanced customer services and consultancy are included in the services section.
ABB is a business that offers industrial clients electrification, automation, robotics, and digitalization solutions. Electrification, Process Automation, Motion and Robotics, and Discrete Automation are its four main operating businesses. Modular substation packages, distribution automation products, switchgear, control goods, solar power solutions, EV charging infrastructure, wire accessories, and enclosures and cabling systems are all provided by the electrification company. Turnkey engineering, control technologies, software and lifecycle services, measurement and analytics solutions, maritime and turbocharging options, human-machine interfaces (HMI), and integrated safety technology are all provided by the Process Automation company. The Motion division sells items for mechanical power transfer, electrical motors, and generators. The Robotics and Discrete Automation segment delivers software, industrial robots, engineered solutions, application solutions, and related services.
Key Companies in the Marine Management Software market include
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Oracle
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Chetu
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Marina Master
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Lloyd's Register
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Marinacloud
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MarineCFO
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TIMEZERO
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Scribble Software
Marine Management Software Industry Developments
July 2021: ABB launched a new digital solution- Ability Marine Fleet Intelligence Advisory, which helps to optimize ship performance across fleets. This combines the power of cloud-based analytics and reporting along with user-friendly visualizations to guide the managers, shipowners, and charterers and help them bring greater efficiency and sustainability.
April 2021: Lloyd’s Register and Falkonry, an innovation leader in Operational AI, to combine Operational AI Digital Twins into Asset Performance and Risk Management solutions for chemical, oil & gas, and heavy industries. This partnership will help to generate a holistic plan for ongoing maintenance activity based on optimizing productivity, new operational conditions, and profit by reducing unscheduled downtime.
February 2021: ABB Marine & Ports expands its business in Turkey and Saudi Arabia to grow its presence in these regions and support existing customers. This has strengthened the company’s ability to work closely with its increasing client base in every country and collectively boost the efficiency and sustainability in ports, shipping, and offshore sectors in these regions.
Marine Management Software Market Segmentation
Marine Management Software Component Outlook
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Software
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Services
Marine Management Software Deployment Mode Outlook
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On-Premise
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Cloud
Marine Management Software Location Outlook
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Onboard
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Onshore
Marine Management Software Organization Size Outlook
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SMEs
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Large enterprises
Marine Management Software Application Outlook
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Crew Management
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Harbor Management
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Port Management
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Cruise and Yacht Management
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Reservation Management
Marine Management Software Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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