Maritime Analytics Market

Global Maritime Analytics Market Size, Trends & Analysis - Forecasts to 2027 By Application (Predictive & Prescriptive Maintenance, Voyage Operations, Fleet Management), By End-user (Government, Commercial), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Automotive & Transportation
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This report was recently updated on April 18 2024 with the latest and most recent market numbers

Global Maritime Analytics Market Size

The Global Maritime Analytics Market is projected to grow at a CAGR value of 16.9% from 2022 to 2027.

Demand for cutting-edge solutions like marine data analysis from commercial shippers and other end users is rising quickly. In the shipping industry, big data is used to monitor sensors aboard ships and perform predictive analysis in order to decrease disruptions and boost production. Big data analytics is currently being used to reduce and anticipate extra expenditures.

The assistance that companies provide in realigning their business strategies, the growing digitalization of the shipping industry, the rising popularity of marine tourism, and the rising number of ships, including cargo vessels, large ships, oil tankers, cruise liners, and navies ships at sea, are the main factors driving the market growth.

As globalization progresses, the expansion of the maritime analytics market is driven by the demand for commodities transportation will grow dramatically. In order to optimize time efficiency and cost savings, maritime enterprises would need to implement innovative data processing methods and predictive analytics.

For the creation of new company expansion plans or revising existing ones to take advantage of huge growth prospects in both developed and developing markets., companies are investing in advancing technologies for providing better services and increasing the adoption of automation. Increasing emphasis on improving naval capabilities by global economies will propel market expansion.

In order to conduct efficient port visits, or to obtain visibility into activity, traffic, and available services at hundreds of ports or terminals, maritime analytics enhance ship performance and maximize return on investment. They are also capable of identifying prospective cargo trade routes that maximize efficiency.

Increasing research projects or initiatives for technological breakthroughs and innovation-led manufacturers to develop updated maritime analytics technologies. Increasing sea regulation requiring ships to adopt marine analytics for better market standing will boost the market further.

To improve their product awareness, top firms have embraced product releases and marine analytics demonstrations as their growth methods. Collaborations and partnerships amongst stakeholders to support the naval forces' naval vessel development programs may help enterprises acquire a solid and leading position in the industry in the following years.

Cyberattacks are becoming increasingly common in the global market for marine analytics. Regulations on data collection, data privacy, and geolocation difficulties are expected to hamper the growth of the market.

global maritime analytics market

COVID-19 Impact on Global Maritime Analytics Market

The global market for marine analytics has been dampened by the COVID-19 outbreak. The COVID-19 epidemic has hampered the growth of significant members of the naval industry by interfering with supply chains and logistical activities. The maritime analytics sector was also influenced by the trade conflict between the United States and China in 2019. The economy has slowed in recent months, which has had a detrimental impact on the growth of several businesses, including marine analytics. However, the maritime analytics industry offers various advantages to help shipping businesses manage operations more efficiently and reduce costs. The solutions are expected to assist enterprises in restoring profitability.

Global Maritime Analytics Market: By Application

The predictive and prescriptive maintenance segment of maritime analytics is expected to be the fastest-growing market in the forecasted period. Predictive and prescriptive analytics are essential for the digitization of the marine industry. Predictive analytics analyses the significant trends and patterns of vessels. It is then used to forecast future events using present data. Prescriptive analytics suggests several options for action as well as possible outcomes. Because of the cost-cutting benefits of predictive and prescriptive analytics, asset owners in the industry are adopting it.

Global Maritime Analytics Market: By End-user

The commercial segment is forecasted to have the largest market share during the forecasted period. The increased need for digitalization and cost-efficiency drives the rapid adoption of analytics in commercial maritime. Numerous benefits, including increased productivity, safety, and commercial gains like more accurate route planning in bad weather, are driving the marine analytics market for the retail sector. The commercial sector benefits from the rising applications and advances of cutting-edge analytics technology, which aids in the efficient collection of data related to fuel, engines, traffic, cargo, and weather.

asia pacific maritime analytics market

 Global Maritime Analytics Market: By Region

North America (the United States, Canada, and Mexico) will dominate the global share in the global maritime analytics market from 2022 to 2027. The primary factor driving the market in the North American region is the increasing logistics and transportation operation of industries, the high prevalence of key players, increasing investment in maritime analytics, and stringent regulations for ship quality will drive the market growth.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment in the global maritime analytics market during the forecast period between 2022 and 2027 because of the increasing use of waterways for transportation, the growing popularity of digitization, growing application of marine analytics in business operations. The prevalence of significant manufacturers and technological giants in the region will propel market expansion in APAC region.

Global Maritime Analytics Market Share and Competitor Analysis

Windward Limited, exactEarth Limited, SparkCognition Inc., Laros Technologies Pty Ltd,  ABB Limited, U-MING Marine Transport Corp, Eniram Ltd, ProGen Business Solution, Amplify Mindware Pvt. Ltd., Inmarsat PLC, and others are key players in the global maritime analytics  market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Research Methodology

1.1    Research Assumptions

1.2    Research Methodology

1.2.1    Estimates and Forecast Timeline

1.3    Information Procurement

1.3.1    Purchased Database

1.3.2    GME’s Internal Database

1.3.3    Primary Research

1.3.4    Secondary Sources & Third-Party Perspectives

            1.3.4.1    Company Information Sources: Annual Reports, Investor Presentation, Press Release, SEC Filling, Company Blogs & Website

1.3.4.2 Secondary Data Sources

1.4    Information or Data Analysis

1.4.1    Data Analysis Models

1.5    Market Formulation & Data Visualization

1.6    Data Validation & Publishing

1.7 Market Model

1.6.1    Model Details

1.6.1.1   Top-Down Approach

1.6.1.2   Bottom-Up Approach

1.8    Market Segmentation & Scope

1.9    Market Definition

Chapter 2   Executive Summary

2.1.   Global Market Outlook

2.2    End-User Outlook

2.3    Application Outlook

2.4    Regional Outlook

Chapter 3   Global Maritime Analytics Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Maritime Analytics Market

3.4 Metric Data on Maritime Analytics Industry

3.5 Market Driver Analysis

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6  Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4   Maritime Analytics Market: End-User Trend Analysis

4.1    End-User: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2    Government

4.2.1    Market Estimates & Forecast Analysis of Government Segment, By Region, 2019-2027 (USD Billion)

4.3   Commercial

4.3.1    Market Estimates & Forecast Analysis of Commercial Segment, By Region, 2019-2027 (USD Billion)

Chapter 5   Maritime Analytics Market: Application Trend Analysis

5.1   Application: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2    Predictive & Prescriptive Maintenance

5.2.1    Market Estimates & Forecast Analysis of Predictive & Prescriptive Maintenance Segment, By Region, 2019-2027 (USD Billion)

5.3   Voyage Operations

5.3.1    Market Estimates & Forecast Analysis of Voyage Operations Segment, By Region, 2019-2027 (USD Billion)

5.4   Fleet Management

5.4.1    Market Estimates & Forecast Analysis of Fleet Management Segment, By Region, 2019-2027 (USD Billion)

Chapter 6   Maritime Analytics Market, By Region

6.1    Regional Outlook

6.2    North America

6.2.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

6.2.2    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.2.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.2.5    U.S.

6.2.5.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.2.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.2.6    Canada

6.2.6.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.2.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.5.7    Mexico

6.5.5.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.5.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3    Europe

6.3.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

6.3.2    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.5    Germany

6.3.5.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.6    UK

6.3.6.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.7    France

6.3.7.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.8    Russia

6.3.8.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.9    Italy

6.3.9.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.10    Spain

6.3.10.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.10.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.11    Rest of Europe

6.3.11.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.11.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.4    Asia Pacific

6.4.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

6.4.2    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.4.5    China

6.4.5.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.4.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.4.6    India

6.4.6.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.4.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.4.7    Japan

6.4.7.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.4.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.4.8    Australia

6.4.8.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.4.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.4.9    South Korea

6.4.9.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.4.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.3.10    Rest of Asia Pacific

6.3.10.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.3.10.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.5    Central & South America

6.5.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

6.5.2    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.5.3    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.5.5    Brazil

6.5.5.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.5.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.5.6    Rest of Central & South America

6.5.6.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.5.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.6    Middle East & Africa

6.6.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

6.6.2    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.6.5    Saudi Arabia

6.6.5.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.6.5.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.6.6    United Arab Emirates

6.6.6.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.6.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.6.7    South Africa

6.6.7.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.6.67.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

6.5.8    Rest of Middle East & Africa

6.5.8.1    Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

6.5.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

Chapter 7   Competitive Analysis

7.1    Key Global Players, Recent Developments & their Impact on the Industry

7.2    Four Quadrant Competitor Positioning Matrix

7.2.1    Key Innovators

7.2.2    Market Leaders

7.2.3    Emerging Players

7.2.4    Market Challengers

7.3    Vendor Landscape Analysis

7.4    Application Landscape Analysis

7.5    Company Market Share Analysis, 2021

Chapter 8   Company Profile Analysis

8.1    Windward Limited

8.1.1    Company Overview

8.1.2    Financial Analysis

8.1.3    Strategic Initiatives

8.1.4    Product Benchmarking

8.2    ExactEarth Limited

8.2.1    Company Overview

8.2.2    Financial Analysis

8.2.3    Strategic Initiatives

8.2.4    Product Benchmarking

8.3     SparkCognition Inc.

8.3.1    Company Overview

8.3.2    Financial Analysis

8.3.3    Strategic Initiatives

8.3.4    Product Benchmarking

8.4    Laros Technologies Pty Ltd.

8.4.1    Company Overview

8.4.2    Financial Analysis

8.4.3    Strategic Initiatives

8.4.4    Product Benchmarking

8.5    ABB Limited

8.5.1    Company Overview

8.5.2    Financial Analysis

8.5.3    Strategic Initiatives

8.5.4    Product Benchmarking

8.6     U-MING Marine Transport Corp.

8.6.1    Company Overview

8.6.2    Financial Analysis

8.6.3    Strategic Initiatives

8.6.4    Product Benchmarking

8.7    Eniram Ltd.

8.6.1    Company Overview

8.6.2    Financial Analysis

8.6.3    Strategic Initiatives

8.6.4    Product Benchmarking

8.8    ProGen Business Solution

8.7.1    Company Overview

8.7.2    Financial Analysis

8.7.3    Strategic Initiatives

8.7.4    Product Benchmarking

8.9    Amplify Mindware Pvt. Ltd.

8.8.1    Company Overview

8.8.2    Financial Analysis

8.8.3    Strategic Initiatives

8.8.4    Product Benchmarking

8.10   Inmarsat PLC

8.10.1    Company Overview

8.10.2    Financial Analysis

8.10.3    Strategic Initiatives

8.10.4    Product Benchmarking

8.11   Other Companies

8.12.1    Company Overview

8.12.2    Financial Analysis

8.12.3    Strategic Initiatives

8.12.4    Product Benchmarking

List of Tables

1 Technological Advancements In Maritime Analytics Market

2 Global Maritime Analytics Market: Key Market Drivers

3 Global Maritime Analytics Market: Key Market Challenges

4 Global Maritime Analytics Market: Key Market Opportunities

5 Global Maritime Analytics Market: Key Market Restraints

6 Global Maritime Analytics Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

8 Government: Global Maritime Analytics Market, By Region, 2019-2027 (USD Billion)

9 Commercial: Global Maritime Analytics Market, By Region, 2019-2027 (USD Billion)

10 Global Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

11 Predictive & Prescriptive Maintenance: Global Maritime Analytics Market, By Region, 2019-2027 (USD Billion)

12 Voyage Operations: Global Maritime Analytics Market, By Region, 2019-2027 (USD Billion)

13 Fleet Management: Global Maritime Analytics Market, By Region, 2019-2027 (USD Billion)

14 Regional Analysis: Global Maritime Analytics Market, By Region, 2019-2027 (USD Billion)

15 North America: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

16 North America: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

17 North America: Maritime Analytics Market, By Country, 2019-2027 (USD Billion)

18 U.S: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

19 U.S: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

20 Canada: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

21 Canada: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

22 Mexico: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

23 Mexico: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

24 Europe: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

25 Europe: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

26 Europe: Maritime Analytics Market, By Country, 2019-2027 (USD Billion)

27 Germany: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

28 Germany: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

29 UK: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

30 UK: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

31 France: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

32 France: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

33 Italy: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

34 Italy: Maritime Analytics Market, By Application Ype, 2019-2027 (USD Billion)

35 Spain: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

36 Spain: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

37 Rest Of Europe: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

38 Rest Of Europe: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

39 Asia Pacific: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

40 Asia Pacific: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

41 Asia Pacific: Maritime Analytics Market, By Country, 2019-2027 (USD Billion)

42 China: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

43 China: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

44 India: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

45 India: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

46 Japan: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

47 Japan: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

48 South Korea: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

49 South Korea: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

50 Middle East & Africa: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

51 Middle East & Africa: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

52 Middle East & Africa: Maritime Analytics Market, By Country, 2019-2027 (USD Billion)

53 Saudi Arabia: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

54 Saudi Arabia: Maritime Analytics Market, By Platform, 2019-2027 (USD Billion)

55 UAE: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

56 UAE: Maritime Analytics Market, By Platform, 2019-2027 (USD Billion)

57 Central & South America: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

58 Central & South America: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

59 Central & South America: Maritime Analytics Market, By Country, 2019-2027 (USD Billion)

60 Brazil: Maritime Analytics Market, By End-User, 2019-2027 (USD Billion)

61 Brazil: Maritime Analytics Market, By Application, 2019-2027 (USD Billion)

62 Windward Limited: Products Offered

63 ExactEarth Limited: Products Offered

64 SparkCognition Inc.: Products Offered

65 Laros Technologies Pty Ltd.: Products Offered

66 ABB Limited: Products Offered

67 U-MING Marine Transport Corp.: Products Offered

68 Eniram Ltd.: Products Offered

69 ProGen Business Solution Products Offered

70 Amplify Mindware Pvt. Ltd.: Products Offered

71 Inmarsat PLC: Products Offered

72 Other Companies: Products Offered

List of Figures

1. Global Maritime Analytics Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Maritime Analytics Market: Penetration & Growth Prospect Mapping

7. Global Maritime Analytics Market: Value Chain Analysis

8. Global Maritime Analytics Market  Drivers

9. Global Maritime Analytics Market  Restraints

10. Global Maritime Analytics Market  Opportunities

11. Global Maritime Analytics Market  Challenges

12. Key Maritime Analytics Market  Manufacturer Analysis

13. Global Maritime Analytics Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Windward Limited: Company Snapshot

16. Windward Limited: Swot Analysis

17. ExactEarth Limited: Company Snapshot

18. ExactEarth Limited: Swot Analysis

19. SparkCognition Inc. Boston Analytical: Company Snapshot

20. SparkCognition Inc. Boston Analytical: Swot Analysis

21. Laros Technologies Pty Ltd.: Company Snapshot

22. Laros Technologies Pty Ltd.: Swot Analysis

23. U-MING Marine Transport Corp.: Company Snapshot

24. U-MING Marine Transport Corp.: Swot Analysis

25. ABB Limited: Company Snapshot

26. ABB Limited: Swot Analysis

27. Eniram Ltd.: Company Snapshot

28. Eniram Ltd.: Swot Analysis

29. ProGen Business Solution Company Snapshot

30. ProGen Business Solution Swot Analysis

31. Amplify Mindware Pvt. Ltd.: Company Snapshot

32. Amplify Mindware Pvt. Ltd.: Swot Analysis

33. Inmarsat PLC: Company Snapshot

34. Inmarsat PLC: Swot Analysis

35. Other Companies: Swot Analysis

The Global Maritime Analytics Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Maritime Analytics Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global maritime analytics market is projected to grow at a CAGR value of 16.9% from 2022 to 2027.
Windward Limited, exactEarth Limited, SparkCognition Inc., Laros Technologies Pty Ltd, ABB Limited, U-MING Marine Transport Corp, Eniram Ltd, ProGen Business Solution, Amplify Mindware Pvt. Ltd. Inmarsat PLC, and others are some of the key players in the global maritime analytics market.
The COVID-19 pandemic has substantially impacted the global maritime analytics market worldwide. The COVID-19 pandemic has disrupted supply chains and logistical operations, which is harming the expansion of key maritime industry participants. In addition, the trade war between the United States and China had an impact on the marine analytics industry in 2019. The economy has slowed in recent months, which has had a detrimental impact on the growth of several businesses, including marine analytics. However, the maritime analytics industry offers various advantages that can help shipping businesses manage operations more efficiently and reduce costs. The solutions are expected to assist businesses in restoring profitability.
The assistance that companies provide in realigning their business strategies, the growing digitalization of the shipping industry, the rising popularity of marine tourism, and the rising number of ships, including cargo vessels, large ships, oil tankers, cruise liners, and navies ships at sea, are the main factors driving the market growth.
The transportation and logistics industry has seen severe disruptions in its activity owing to the conflict between Russia and Ukraine. Disruption in trade routes owing to blockades in the Black Sea and other shipping routes has resulted in a fall in demand for shipping through seaways. With major shipping companies stopping services to and from Russia, the demand for marine services has fallen in the two countries.

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