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Global Yacht Management Software Market to reach USD 1971.43 million by the end of 2029.

Global Yacht Management Software Market Size study & Forecast, by Location (Onboard, Onshore) by Application (Crew Management, Port Management, Harbor Management, Safety Management, Reservation Management), by Component (Software, Services) by Deployment Mode (On-premises, Cloud) by Enterprise Size (Large Enterprise, SMEs) and Regional Analysis, 2022-2029

Product Code: ICTEITS-96566420
Publish Date: 10-04-2023
Page: 200

Global Yacht Management Software Market is valued approximately USD 653.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2022-2029. Yacht Management Software is empowering owner/operators to build a true 3D digital twin of their marine asset, allowing multi-discipline teams to collaborate in real-time, increasing engineering efficiency, data maturity and a reduction in project schedule. With a solid base of accurate and reliable data, seamless fabrication, and construction activities, supported by a fully connected workforce, enable projects to be delivered on time and on budget. The Yacht Management Software market is expanding because of factors such as rising need to efficiently manage complex supply chain operations and increasing sustainability across the marine industry. However, rising risk associated with cyber threats may halt market growth.

According to the Statista, the volume of global seaborne trade more than double between 1990 and 2021. In 2021, the volume of global seaborne trade was estimated to be around 11 billion tons, whereas in 1990, only about four billion tons of goods were loaded in ports worldwide. Furthermore, sustainability across the marine industry. According to the International Institute for Sustainable Development, 23 July 2019 the International Maritime Organization (IMO) selected “Sustainable Shipping for a Sustainable Planet” as the 2020 World Maritime theme. The theme aims to raise awareness of the work that IMO and its member states undertake to contribute to achieving the sustainable development goals. Another important component driving space increase is formulation advancements. Moreover, as per Statista in 2021, the software as a service (SaaS) market is estimated to be worth approximately 146 billion U.S. dollars and estimated to reach 195 billion U.S. dollars by 2023. Risk associated with cyber threats stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Yacht Management Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the creasing technological advancements in the region. According to the Statista, nearly 69 percent of all the goods traded by the U.S. are transported via waterways, predominantly by seagoing vessels. In terms of value, ships transport over 41 percent of the total value of goods traded by the U.S. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as owing to tourist destinations in the market space.

Major market player included in this report are:
Oracle Corporation
ABB Ltd.,
Marina Master,
Marine Cloud Ltd.,
Scribble Software,
lloyd’s register,
Chetu Inc.,
Harbour Assist,

Recent Developments in the Market:
 In October 2021, ABB Ability™ OCTOPUS – Marine Advisory System for vessel motion optimization has been chosen by the Amsterdam-based Spliethoff Group to optimize safe yacht carriage for the heavy lift vessel Yacht Express. The contract takes the number of Spliethoff Group ships to feature OCTOPUS to 25. Limiting unwanted vessel motions at sea to avoid potential cargo damage, OCTOPUS is the global market leader with a 90 percent share in the semi-submersible vessel market.

Global Yacht Management 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 Location, Application, Component, Deployment Mode, Enterprise Size, 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 Location:

By Application:
Crew Management
Port Management
Harbor Management
Safety Management
Reservation Management

By Component:

By Deployment Mode:

By Enterprise Size:
Large Enterprise

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 Million)
1.2.1. Yacht Management Software Market, by Region, 2019-2029 (USD Million)
1.2.2. Yacht Management Software Market, by Location, 2019-2029 (USD Million)
1.2.3. Yacht Management Software Market, by Application, 2019-2029 (USD Million)
1.2.4. Yacht Management Software Market, by Component, 2019-2029 (USD Million)
1.2.5. Yacht Management Software Market, by Deployment Mode, 2019-2029 (USD Million)
1.2.6. Yacht Management Software Market, by Enterprise Size, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Yacht Management 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 Yacht Management Software Market Dynamics
3.1. Yacht Management Software Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising need to efficiently manage complex supply chain operations Increasing sustainability across the marine industry
3.1.2. Market Challenges Risk associated with cyber threats
3.1.3. Market Opportunities Increasing adoption of cloud-based marine management solutions
Chapter 4. Global Yacht Management 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 Yacht Management Software Market, by Location
6.1. Market Snapshot
6.2. Global Yacht Management Software Market by Location, Performance – Potential Analysis
6.3. Global Yacht Management Software Market Estimates & Forecasts by Location 2019-2029 (USD Million)
6.4. Yacht Management Software Market, Sub Segment Analysis
6.4.1. Onboard
6.4.2. Onshore
Chapter 7. Global Yacht Management Software Market, by Application
7.1. Market Snapshot
7.2. Global Yacht Management Software Market by Application, Performance – Potential Analysis
7.3. Global Yacht Management Software Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Yacht Management Software Market, Sub Segment Analysis
7.4.1. Crew Management
7.4.2. Port Management
7.4.3. Harbor Management
7.4.4. Safety Management
7.4.5. Reservation Management
Chapter 8. Global Yacht Management Software Market, by Component
8.1. Market Snapshot
8.2. Global Yacht Management Software Market by Component, Performance – Potential Analysis
8.3. Global Yacht Management Software Market Estimates & Forecasts by Component 2019-2029 (USD Million)
8.4. Yacht Management Software Market, Sub Segment Analysis
8.4.1. Software
8.4.2. Services
Chapter 9. Global Yacht Management Software Market, by Deployment Mode
9.1. Market Snapshot
9.2. Global Yacht Management Software Market by Deployment Mode, Performance – Potential Analysis
9.3. Global Yacht Management Software Market Estimates & Forecasts by Deployment Mode 2019-2029 (USD Million)
9.4. Yacht Management Software Market, Sub Segment Analysis
9.4.1. On-premises
9.4.2. Cloud
Chapter 10. Global Yacht Management Software Market, by Enterprise Size
10.1. Market Snapshot
10.2. Global Yacht Management Software Market by Enterprise Size, Performance – Potential Analysis
10.3. Global Yacht Management Software Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Million)
10.4. Yacht Management Software Market, Sub Segment Analysis
10.4.1. Large Enterprise
10.4.2. SMEs

Chapter 11. Global Yacht Management Software Market, Regional Analysis
11.1. Yacht Management Software Market, Regional Market Snapshot
11.2. North America Yacht Management Software Market
11.2.1. U.S. Yacht Management Software Market Location breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 Component breakdown estimates & forecasts, 2019-2029 Deployment Mode breakdown estimates & forecasts, 2019-2029 Enterprise Size breakdown estimates & forecasts, 2019-2029
11.2.2. Canada Yacht Management Software Market
11.3. Europe Yacht Management Software Market Snapshot
11.3.1. U.K. Yacht Management Software Market
11.3.2. Germany Yacht Management Software Market
11.3.3. France Yacht Management Software Market
11.3.4. Spain Yacht Management Software Market
11.3.5. Italy Yacht Management Software Market
11.3.6. Rest of Europe Yacht Management Software Market
11.4. Asia-Pacific Yacht Management Software Market Snapshot
11.4.1. China Yacht Management Software Market
11.4.2. India Yacht Management Software Market
11.4.3. Japan Yacht Management Software Market
11.4.4. Australia Yacht Management Software Market
11.4.5. South Korea Yacht Management Software Market
11.4.6. Rest of Asia Pacific Yacht Management Software Market
11.5. Latin America Yacht Management Software Market Snapshot
11.5.1. Brazil Yacht Management Software Market
11.5.2. Mexico Yacht Management Software Market
11.6. Rest of The World Yacht Management Software Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Oracle Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. ABB Ltd.,
12.2.3. DockMaster
12.2.4. Marina Master,
12.2.5. Marine Cloud Ltd.,
12.2.6. Scribble Software,
12.2.7. lloyd’s register,
12.2.8. Chetu Inc.,
12.2.9. Harbour Assist,
12.2.10. Seahub

Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. 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:
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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:
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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