Global Waterway Transportation Software and Services Market is segmented By Services (Consulting or customization services, Managed Services, Training Services), By Solutions (Maritime Software, Audit and Claim, Yard Management, Others), By Application (Oil & Gas, Consumer & Retail, Industrial & Manufacturing, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Waterway Transportation Software and Services Market Overview
180 pages report analyses the Global waterway transportation software and services market shares, recent trends, competitive intelligence and future market outlook. The market is poised to grow at a CAGR of 9.0 % until 2030. The Competitive rivalry intensifies with Bass Software Ltd, Veson Nautical Corporation, Aljex Software, Descartes Systems Group and others operating in the market. Increasing collaborations in the water trade are resulting in the emergence of new markets in economies of the Middle East & Africa and Asia-Pacific.
The Global Waterway Transportation Software & Services market plays a very important role in leveraging business performance followed by lowering operation costs. Waterway transportation is a crucial part of the transportation market, with about 80% of the high volume of heavy freight being transported through waterways. Freight security with various software adopted by different shipping companies aimed at boosting business efficiency is termed as waterway transportation software. Technological advancements such as cloud computing, data building, and social media adopted by various shipping companies are expected to augment market growth.
Waterway Transportation Software and Services Market - Strategic Insights
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Metrics |
Details |
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Market CAGR |
9.0% |
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Segments Covered |
By Services, By Solutions, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Waterway Transportation Software and Services Market Dynamics and Trends
The global Waterway Transportation Software & Services market is expected to grow at a fast pace during the forecast period. The market growth is attributed to increasing awareness as well as demand for heavy freight transportation, demand for cost-effective software and services market.
Increasing Demand for Heavy Freight Transportation
The rising demand for heavy freight transportation owing to increasing marine trade across the globe is driving the global Waterway Transportation Software & Services market. The shift in demand for freight from west to east is expected to create a significant opportunity for the market during the forecast period. Increasing collaborations in the water trade are resulting in the emergence of new markets in economies of the Middle East & Africa and Asia-Pacific. Developing nations, such as India and China are also contributing to the demand shift, hence driving this market growth.
Rising technological advancements
The important factor responsible for the growth and development of the global Waterway Transportation Software & Services market is the beginning of containerization. The rising standards of transportation processes have enhanced the growth of the global market immediately. The demand for quick delivery, undamaged and minimum travel expenditure through long distances has resulted in the development of Machine to Machine communication. This is expected to propel global market growth.
COVID-19 Impact Analysis on Waterway Transportation Software and Services Market Growth
COVID-19 affected the global economy in many forms, such as supply chain distraction, directly affecting demand and production and restraining trade activities. COVID-19 pandemic has highly affected the Global Waterway Transportation Software & Services Market due to the shutting down of factories, supply chain disruptions and stoppage of transportation facilities.
Waterway Transportation Software and Services Market Segment Analysis
Based on the Services, the Global Waterway Transportation Software & Services Market has been classified as consulting or customization services, managed services, training services.
Based on the Solutions, the Global Waterway Transportation Software & Services Market has been classified as maritime software, audit and claim, yard management and others.
Based on the Application, the Global Waterway Transportation Software & Services Market has been classified as Consumer & Retail, Oil & Gas, Industrial & Manufacturing, and Others.
Waterway Transportation Software and Services Market Geographical Share
Based on geography, the study analyzes the Global Waterway Transportation Software & Services Market in the global market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
North America is expected to hold the largest market share
North America holds the largest share in the market for technology-based solutions. The region is expected to maintain its dominance during the forecast period, primarily attributed to the development and implementation of new technologies. The expansion of the US oil production market and changes in the location of oil production also has increased the use of various transportation modes, in moving the oil to refineries and terminals driving the industry growth.
Waterway Transportation Software and Services Market Companies and Competitive Landscape
The Global Waterway Transportation Software & Services Market is highly competitive due to major key players. The key players in the Global Waterway Transportation Software & Services Market which are contributing to the growth of the global market include SAP SE, Cognizant, Accenture PLC, Bass Software Ltd, Veson Nautical Corporation, Aljex Software, Descartes Systems Group, Highjump Software, Trans-I Technologies and DNV GL.
SAP SE
Overview: SAP SE is a multinational software company. It is involved in the development of business software, including online business and enterprise management software, consults on organizational usage of its applications software, and provides training services. SAP markets its products and services worldwide.
Product Portfolio: SAP SE offers various products under its various categories such as ERP & Finance, Supply Chain Management, Network and Speed Management, Business Technology Platform and Others.
Why Purchase the Report?
- Visualize the Global Waterway Transportation Software & Services Market segmentation composition by services, solutions, application and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Waterway Transportation Software & Services Market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of Global Waterway Transportation Software & Services Market - level 3 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The Global Waterway Transportation Software & Services Market report would provide access to an approx. 54 market data tables, 55 figures and 180 pages.
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
