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Global Waterway Transportation Software Solutions Market to reach USD 147.1 billion by the end of 2030.

Global Waterway Transportation Software Solutions Market Size study & Forecast, by Solution (Warehousing, Vessel Tracking, Freight Security, Yard Management, Ship Broker Software, Maritime Software, Others), by Deployment Model (On-premises, Cloud, Hybrid) by End Users (Retail & Consumer Goods, Energy & Power, Mining, Oil & Gas, Others), and Regional Analysis, 2023-2030

Product Code: ALTAWT-98771485
Publish Date: 10-01-2024
Page: 200

Global Waterway Transportation Software Solutions Market is valued at approximately USD 83.7 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.3% during the forecast period 2023-2030. Waterway transportation software refers to specialized software utilized by shipping companies to enhance overall business efficiency and ensure the security of freight. This software is designed to elevate the efficiency and productivity of logistics companies, effectively managing and optimizing both inbound and outbound transportation operations. Its primary aim is to assist these companies in reducing costs while maintaining a streamlined and secure transportation process. The market growth is driven by key factors such as increasing penetration of Machine-to-Machine (M2M) communication, growing adoption of Wi-Fi enabled underwater acoustic modems in the navy to navigate, and growing convergence of unmanned underwater vehicles and advanced acoustic sensors. For instance, With the rapid growth in global internet access and adoption, exceeding five billion users worldwide, the trend of online purchases continues to surge. In 2022, retail e-commerce sales were projected to surpass USD 5.7 trillion globally, and this upward trajectory is anticipated to persist in the years ahead.

Furthermore, with the significant expansion of international e-commerce, supply chain and logistics networks are undergoing a profound transformation, driven by the integration of technological innovations. The maritime industry is placing a significant emphasis on digitization and standardization. Innovations in freight management for bulk cargo play a crucial role in establishing connected and automated supply chains for retailers, overcoming complexity, and surpassing consumer expectations. In March 2021, Veson Nautical introduced the Veson Partner Network, aiming to enhance the value of the Veson IMOS platform and position it as the standard platform driving maritime commerce with increased efficiency and profitability. These advancements are anticipated to drive the future growth of the Global Waterway Transportation Software Market. However, growth in accidents at an alarming rate during sea freight transportation, rise in stringent emission laws and policies, absence of awareness about the advantages stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Waterway Transportation Software Solutions Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America takes the lead in the Waterway Transportation Software Solutions Market, driven by the expansion of the industrial sector and the growing impact of online sales for industrial goods. Asia-Pacific is poised for significant growth, benefiting from technological advancements and a rising demand for imports and exports, particularly in China and India. These factors are expected to influence market growth in the region positively.

Major market player included in this report are:
Trans-I Technologies Inc.
Accenture Plc
Bass Software Ltd.
Cognizant Technology Solution Corporation
SAP SE
ZeroNorth
High Jump Software
Veson Nautical Corporation
Aljex Software
Descartes Systems Group

Recent Developments in the Market:
Ø In March 2023, the Union Minister for Shipping Ports and Waterways and Ayush introduced the ‘Sagar Manthan’ Real-time Performance Monitoring Dashboard through a virtual platform. This digital platform serves as a comprehensive repository of integrated data related to the ministry and its subsidiaries. The implementation of this dashboard is poised to revolutionize the operations of various departments by enhancing the coordination of real-time information.
Ø In December 2022, Governor Babajide Sanwo-Olu of Lagos State inaugurated the recently established Waterways Monitoring and Data Management Centre (WMDMC) at the Five Cowrie Terminal, the headquarters of the Lagos State Waterways Authority (LASWA) in Falomo, Ikoyi. This initiative marks a significant enhancement in the safety measures for commuters utilizing Lagos State’s water transport services. The deployment of modern monitoring devices and infrastructure at this center is poised to elevate security standards throughout the State’s waterways transportation network, ensuring an improved and safer experience for passengers.
Ø In September 2021, Veson Nautical, a prominent global provider of commercial maritime software, disclosed its acquisition of Oceanbolt, a dynamic data solutions provider specializing in marine shipping intelligence. This strategic move aimed to integrate Oceanbolt’s analytics-focused solutions and algorithms with the Veson IMOS platform. By combining these capabilities, the development enhances real-time visibility, empowering users in commodity trading and maritime shipping to make well-informed decisions regarding commercial freight.

Global Waterway Transportation Software Solutions Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Software, Deployment Model, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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 Solution:
Warehousing
Vessel Tracking
Freight Security
Yard Management
Ship Broker Software
Maritime software
Others

By Deployment Model:
On-premise
Cloud
Hybrid

By End-User:
Retail & Consumer goods
Energy & Power
Mining
Oil & Gas
Construction
Chemical
Food & Beverage
Military & Defense
Healthcare & Pharmaceutical
Manufacturing
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Waterway Transportation Software Solutions Market, by Region, 2020-2030 (USD Billion)
1.2.2. Waterway Transportation Software Solutions Market, by Solution, 2020-2030 (USD Billion)
1.2.3. Waterway Transportation Software Solutions Market, by Deployment Model, 2020-2030 (USD Billion)
1.2.4. Waterway Transportation Software Solutions Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Waterway Transportation Software Solutions Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Waterway Transportation Software Solutions Market Dynamics
3.1. Waterway Transportation Software Solutions Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing penetration of Machine-to-Machine (M2M) communication
3.1.1.2. Growing adoption of Wi-Fi enabled underwater acoustic modems in navy to navigate
3.1.1.3. Growing convergence of unmanned underwater vehicles and advanced acoustic sensor
3.1.2. Market Challenges
3.1.2.1. Growth in accidents at an alarming rate during sea freight transportation
3.1.2.2. Rise in stringent emission laws and policies
3.1.2.3. Absence of awareness about the advantages
3.1.3. Market Opportunities
3.1.3.1. Growing demand for improving e-commerce operations
3.1.3.2. New developments in freight management for bulk cargo
Chapter 4. Global Waterway Transportation Software Solutions 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. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Waterway Transportation Software Solutions Market, by Solution
5.1. Market Snapshot
5.2. Global Waterway Transportation Software Solutions Market by Solution, Performance – Potential Analysis
5.3. Global Waterway Transportation Software Solutions Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
5.4. Waterway Transportation Software Solutions Market, Sub Segment Analysis
5.4.1. Warehousing
5.4.2. Vessel Tracking
5.4.3. Freight Security
5.4.4. Yard Management
5.4.5. Ship Broker Software
5.4.6. Maritime software
5.4.7. Others
Chapter 6. Global Waterway Transportation Software Solutions Market, by Deployment Model
6.1. Market Snapshot
6.2. Global Waterway Transportation Software Solutions Market by Deployment Model, Performance – Potential Analysis
6.3. Global Waterway Transportation Software Solutions Market Estimates & Forecasts by Deployment Model 2020-2030 (USD Billion)
6.4. Waterway Transportation Software Solutions Market, Sub Segment Analysis
6.4.1. On-premise
6.4.2. Cloud
6.4.3. Hybrid
Chapter 7. Global Waterway Transportation Software Solutions Market, by End-User
7.1. Market Snapshot
7.2. Global Waterway Transportation Software Solutions Market by End-User, Performance – Potential Analysis
7.3. Global Waterway Transportation Software Solutions Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Waterway Transportation Software Solutions Market, Sub Segment Analysis
7.4.1. Retail & Consumer goods
7.4.2. Energy & Power
7.4.3. Mining
7.4.4. Oil & Gas
7.4.5. Construction
7.4.6. Chemical
7.4.7. Food & Beverage
7.4.8. Military & Defense
7.4.9. Healthcare & Pharmaceutical
7.4.10. Manufacturing
7.4.11. Others
Chapter 8. Global Waterway Transportation Software Solutions Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Waterway Transportation Software Solutions Market, Regional Market Snapshot
8.4. North America Waterway Transportation Software Solutions Market
8.4.1. U.S. Waterway Transportation Software Solutions Market
8.4.1.1. Solution breakdown estimates & forecasts, 2020-2030
8.4.1.2. Deployment Model breakdown estimates & forecasts, 2020-2030
8.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Waterway Transportation Software Solutions Market
8.5. Europe Waterway Transportation Software Solutions Market Snapshot
8.5.1. U.K. Waterway Transportation Software Solutions Market
8.5.2. Germany Waterway Transportation Software Solutions Market
8.5.3. France Waterway Transportation Software Solutions Market
8.5.4. Spain Waterway Transportation Software Solutions Market
8.5.5. Italy Waterway Transportation Software Solutions Market
8.5.6. Rest of Europe Waterway Transportation Software Solutions Market
8.6. Asia-Pacific Waterway Transportation Software Solutions Market Snapshot
8.6.1. China Waterway Transportation Software Solutions Market
8.6.2. India Waterway Transportation Software Solutions Market
8.6.3. Japan Waterway Transportation Software Solutions Market
8.6.4. Australia Waterway Transportation Software Solutions Market
8.6.5. South Korea Waterway Transportation Software Solutions Market
8.6.6. Rest of Asia Pacific Waterway Transportation Software Solutions Market
8.7. Latin America Waterway Transportation Software Solutions Market Snapshot
8.7.1. Brazil Waterway Transportation Software Solutions Market
8.7.2. Mexico Waterway Transportation Software Solutions Market
8.8. Middle East & Africa Waterway Transportation Software Solutions Market
8.8.1. Saudi Arabia Waterway Transportation Software Solutions Market
8.8.2. South Africa Waterway Transportation Software Solutions Market
8.8.3. Rest of Middle East & Africa Waterway Transportation Software Solutions Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Trans-I Technologies Inc.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Accenture Plc
9.3.3. Bass Software Ltd.
9.3.4. Cognizant Technology Solution Corporation
9.3.5. SAP SE
9.3.6. ZeroNorth
9.3.7. High Jump Software
9.3.8. Veson Nautical Corporation
9.3.9. Aljex Software
9.3.10. Descartes Systems Group
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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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:
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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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