“Increasing expenditure in IoT and process automation systems across shipping industry is expected to drive significant revenue growth in the global smart port market”

24 April 2020

Visiongain’s new report the Smart Ports Market Report: Forecasts by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence) & by Component (Terminal Automation & Cargo Handling, Traffic Management Systems, Smart Safety & Security, Port Community Systems and Smart Port Infrastructure), Analysis of Technological Advancements Driving the Market.

Smart Port technology is still infancy, however the most recent example of the development of smart port are port in Hamburg and Amsterdam. In collaboration with Cisco, Hamburg has integrated sensors, camera systems and smart lights on roads in order to monitor traffic, anticipate the lifting of a bridge or clear a road after an accident, facilitate the movement of barges when the traffic is saturated, etc. This type of "smart" innovation is particularly relevant because it addresses all critical aspects of port activities. For instance, it allows the improvement of the overall productivity of terminals and port complexes, mitigates the effects of pre- and post-routing movements on the population while reducing contamination, and even decreases the number of accidents.

Regions, including North America, Europe, Asia-Pacific, and MEA have been considered for market analysis in this report. Saudi Arabia, Israel, UAE, and South Africa have been considered to estimate the market size for MEA. North America is estimated to be the fastest-growing market during the forecast period. Europe leads the smart ports market in 2020 with a market share of 51.9% and is expected to continue its dominance to account for 37.8% of the total market revenue share by 2030.

Port authorities are starting to look to IoT and smart integration as a means of alternative revenue in an environment where they can sell data to potential customers, including trucking carriers, terminal operators, logistics parks, container depots, and commodities traders. The IoT and the data it generates is widely used for the optimisation of any kind of processes, because analysis of IoT-generated data produces the insights regarding the way the processes work and how they can be optimised, that are so highly needed throughout the function of products or services.

The 150+ page report offers market forecasts and analysis for 13 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 13 companies leading the field in Smart Port Market.

This report also contains an exclusive interview with AWAKE.AI, a start-up primarily engaged in optimising port & ship operations which reduces global shipping emissions and tackling climate change. The company offers a platform that manages all the needed digital handshakes between ships and ports, and provides all needed data through cost effective APIs, further enabling digital operation services. The company offers machine learning technologies to improving situational awareness at ports through analysis of freight and logistics chain data.

The Smart Ports Market will be of value to anyone who wants to better understand the Smart Port market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Smart Port industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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