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Global Waterway Transportation Software Market to reach USD 135.07 billion by the end of 2029

Global Waterway Transportation Software Market Size study & Forecast, by Deployment (On-Premise, Cloud, Hybrid) by Solution (Warehousing, Vessel tracking, Freight security, Yard management, Audit & claim, Ship broker software, Maritime software, others), by Services (Managed services, Consulting/customization services, Training services), by End -User (Consumer and retail, Oil and gas, Energy and mining, Others) and Regional Analysis, 2022-2029

Product Code: ICTICTI-96030018
Publish Date: 20-03-2023
Page: 200

Global Waterway Transportation Software Market is valued at approximately USD 65.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2022-2029. Waterway Transportation, also known as maritime transport, is the backbone of world trade and globalization. Seaways, ports and ships are integral components of the maritime transportation network. Pervasive machine-to-machine communication to improve business insights in the maritime industry. The market is segmented into on-premises, cloud and hybrid. The cloud segment occupies a large market share and dominates the market growth due to the increasing trend of using big data to improve business operations. In addition, prevalence of cloud-based services, adoption of advanced communication, tracking, and ship management technologies in the shipping/shipping industry fuels the growth of this segment.

According to the United Nations Conference on Trade and Development, about 80% of international trade in goods is carried by sea, more than 70% of which is in containers, a figure that is significantly higher in most developing countries. Recent innovations in bulk freight management as part of providing retailers with a connected and automated supply chain are just a few of the variables that will help you overcome complexity and exceed customer expectations. Veson Nautical will announce the Veson Partner Network in March 2021, enhancing the value of the Veson IMOS platform as the standard platform to drive vessel trading with greater efficiency and profitability. Such advancements are expected to drive the growth of the global hydrographic software and services market during the forecast period. However increased pressure to expedite deliveries increases the risk of security errors during shipment. The incident has led to disruptions to hundreds of stores and manufacturers’ supply networks, resulting in huge economic losses. According to the World Shipping Council, in 2020 more than 3,000 containers will fall into the sea, and in 2021 he will see 1,000 boxes fall into the sea. These factors negatively impacted the market growth and slowed down the market growth.

The growing need for better e-commerce operations, driven by supply chain automation and logistics operations that enable ocean shipping, is a key factor behind the growth of the industry. Incorporating sea freight software and services into e-commerce operations improves material handling systems, increases throughput and minimizes order cycle times during sea freight shipments transportation which indicating more Opportunities of the global Waterway Transportation software market during the forecast period.

The key regions considered for the Global Waterway Transportation Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the global Waterway transportation software market with a share of XX% in 2021 and is expected to maintain its dominance over the forecast period. Heavy investments in the defence industry and marine research are expected to be the main drivers of waterway transportation in North America. It is also expected to play an important role in the global economy, especially in the development and utilization of new technologies. According to the Bureau of International Trade Control, the United States currently has 14 free trade agreements with 20 countries, ensuring significant development in international freight forwarding and maritime ancillary services. Increasing investment in waterways, transportation facilities, and port infrastructure are one of the key factors behind market growth in the region. On the other hand, Asia-Pacific is expected to grow with the highest CAGR during the forecast period because of factors such as various technological advancements and increasing demand for imports and exports in China and India will affect the growth of the market in this region. Asia Pacific would be the fastest-growing market in the forecasted period.

Major market player included in this report are:
Accenture PLC (US)
Veson Nautical Corporation (US)
Aljex Software Inc. (US)
Kirby Corporation (US)
HighJump Software.INC. (US)
Cognizant Technology Solutions Corp. (India)
FRETRON Pvt. Ltd. (India)
Fourkites, INC. (US)
Bass Software Ltd. (Malaysia)
Maersk Line Limited (MLL) (Denmark)

Recent Developments in the Market:
 Jan 2023 – Accenture has completed the acquisition of Inspirate, an integrated Oracle Cloud specialist specializing in supply chain management headquartered in Bellevue, Washington. The acquisition will further expand Accenture’s Oracle Cloud capabilities and help Accenture accelerate innovation for its clients through new technologies such as touchless supply chains and digital twins.
 Jan 2023, Maersk signed the Land Grant Contract with the administrative committee of Lin-gang new area of the Shanghai Free Trade Zone in late December 2022. This marks the official landing of Maersk’s first green and smart flagship logistics center in China with low or very low greenhouse gas emissions. With a total investment of 174 million US dollars, the project is expected to start operation in Q3,2024.

Global Waterway Transportation Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Deployment, Solution, Service, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment:

By Solution:
Vessel tracking
Freight security
Yard management
Ship broker software
Maritime software

By Service:
Managed services
Training Services

By End User:
Consumer and retail
Oil and gas
Energy and mining

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Global Waterway Transportation Software Market, by region, 2019-2029 (USD Billion)
1.2.2. Global Waterway Transportation Software Market, by Deployment, 2019-2029 (USD Billion)
1.2.3. Global Waterway Transportation Software Market, by Solution, 2019-2029 (USD Billion)
1.2.4. Global Waterway Transportation Software Market, by Services, 2019-2029 (USD Billion)
1.2.5. Global Waterway Transportation Software Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Waterway Transportation Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Waterway Transportation Software Market Dynamics
3.1. Global Waterway Transportation Software Market Impact Analysis (2019-2029)
3.1.1. Market Drivers High Demand for improving E-Commerce operations Machine to Machine Communication penetration
3.1.2. Market Challenges Rising Accident at sea fright transportation
3.1.3. Market Opportunities Rising need for heavy freight transportation globally
Chapter 4. Global Waterway Transportation Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Waterway Transportation Software Market, by Deployment
6.1. Market Snapshot
6.2. Global Waterway Transportation Software Market by Deployment, Performance – Potential Analysis
6.3. Global Waterway Transportation Software Market Estimates & Forecasts by Deployment2019-2029 (USD Billion)
6.4. Global Waterway Transportation Software Market, Sub Segment Analysis
6.4.1. On premises
6.4.2. Cloud
6.4.3. Hybrid
Chapter 7. Global Waterway Transportation Software Market, by Solution
7.1. Market Snapshot
7.2. Global Waterway Transportation Software Market by Solution, Performance – Potential Analysis
7.3. Global Waterway Transportation Software Market Estimates & Forecasts by Solution 2019-2029 (USD Billion)
7.4. Global Waterway Transportation Software Market, Sub Segment Analysis
7.4.1. Warehousing
7.4.2. Vessel tracking
7.4.3. Freight security
7.4.4. Yard management
7.4.5. Ship Broker
7.4.6. Maritime Software
7.4.7. Others
Chapter 8. Global Waterway Transportation Software Market, by Services
8.1. Market Snapshot
8.2. Global Waterway Transportation Software Market by Services, Performance – Potential Analysis
8.3. Global Waterway Transportation Software Market Estimates & Forecasts by Services 2019-2029 (USD Billion)
8.4. Global Waterway Transportation Software Market, Sub Segment Analysis
8.4.1. Managed Services
8.4.2. Consulting/customization Services
8.4.3. Training Services
Chapter 9. Global Waterway Transportation Software Market, by End User
9.1. Market Snapshot
9.2. Global Waterway Transportation Software Market by End User, Performance – Potential Analysis
9.3. Global Waterway Transportation Software Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
9.4. Global Waterway Transportation Software Market, Sub Segment Analysis
9.4.1. Consumer and retail
9.4.2. Oil and Gas
9.4.3. Energy and mining
9.4.4. Others
Chapter 10. Global Waterway Transportation Software Market, Regional Analysis
10.1. Global Waterway Transportation Software Market, Regional Market Snapshot
10.2. North America Global Waterway Transportation Software Market
10.2.1. U.S. Global Waterway Transportation Software Market Deployment breakdown estimates & forecasts, 2019-2029 Solution breakdown estimates & forecasts, 2019-2029 Services breakdown estimates & forecasts, 2019-2029 End User breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Global Waterway Transportation Software Market
10.3. Europe Global Waterway Transportation Software Market Snapshot
10.3.1. U.K. Global Waterway Transportation Software Market
10.3.2. Germany Global Waterway Transportation Software Market
10.3.3. France Global Waterway Transportation Software Market
10.3.4. Spain Global Waterway Transportation Software Market
10.3.5. Italy Global Waterway Transportation Software Market
10.3.6. Rest of Europe Global Waterway Transportation Software Market
10.4. Asia-Pacific Global Waterway Transportation Software Market Snapshot
10.4.1. China Global Waterway Transportation Software Market
10.4.2. India Global Waterway Transportation Software Market
10.4.3. Japan Global Waterway Transportation Software Market
10.4.4. Australia Global Waterway Transportation Software Market
10.4.5. South Korea Global Waterway Transportation Software Market
10.4.6. Rest of Asia Pacific Global Waterway Transportation Software Market
10.5. Latin America Global Waterway Transportation Software Market Snapshot
10.5.1. Brazil Global Waterway Transportation Software Market
10.5.2. Mexico Global Waterway Transportation Software Market
10.6. Rest of The World Global Waterway Transportation Software Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Accenture PLC (US) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Veson Nautical Corporation (US)
11.2.3. Aljex Software Inc. (US)
11.2.4. Kirby Corporation (US)
11.2.5. HighJump Software.INC. (US)
11.2.6. Cognizant Technology Solutions Corp. (India)
11.2.7. FRETRON Pvt. Ltd. (India)
11.2.8. Fourkites, INC. (US)
11.2.9. Bass Software Ltd. (Malaysia)
11.2.10. Maersk Line Limited (MLL) (Denmark)
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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