[141 Pages Report] The global smart ports market is projected to reach USD 5.3 billion by 2024 from an estimated USD 1.7 billion in 2019, at a CAGR of 25.0% during the forecast period. Government policies & legislative mandates for illegal discharge & treatment of waste in the port’s adjoining lands, and the need for efficient data-driven decision making that can impact the overall efficiency of the ports and result in cutting down unnecessary costs are the primary factors driving the growth of this industry.
The report segments the smart ports market, by technology, into the Internet of Things (IoT), Blockchain, Process Automation, Artificial Intelligence. The process automation segment is projected to hold the largest market share by 2024.
Smart ports, as a part of process automation, generally deploy cloud-based software to assist, the automation process, in creating the operational flow that helps the port function smoothly. Currently, most of the ports across the world have technology integrated to some extent, if not for complete management. However, there has been a gradual increase in the number of smart ports, thanks to global government initiatives and the exponential growth of maritime trade.
The degree of automation differs from port to port, depending on the capacity of the port, its location, the amount of cargo it handles, and its economic value. With the growth of mega-ports, the scope of port automation is expected to increase to an unprecedented level.
The smart ports market, by throughput capacity, is segmented into extensively busy, and moderately busy, and scarcely busy. This segmentation has been achieved after carefully analyzing the handling capacity of the ports in terms of twenty feet equivalent (teu). The extensively busy ports reel in revenues and therefore have a higher potential to invest in implementing smart technologies and solutions in the ports, converting them to smart ports, to improve traffic handling and efficiency.
In this report, the smart ports market has been analyzed with respect to five regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest market from 2019 to 2024.
Increasing industrialization is likely to be a key component driving the market in Asia Pacific. The developing economies are expected to give more thrust to the smart ports market. Globally, the bulk of trade has seen a gradual increase over the past few years. Thus, countries like Singapore and Hong Kong form the trade corridor opening the regions’ trade opportunities. This, along with the availability of technology in cheap tech countries like China and Taiwan, will surely positively boost the market in this region.
The major players in the global smart ports market are Royal Haskoning (The Netherlands), IBM (USA), ABB (Switzerland), Trelleborg AB (Sweden), Port of Rotterdam (The Netherlands), and Abu Dhabi Ports (UAE).
ABB (Switzerland) is a key player in this segment. ABB aims to position itself as a customer-focused technology solution provider in digital industries. ABB has achieved autonomous shipping through new intelligent autopilot, ABB Ability Marine Pilot Control (AMPC) to enhance the efficiency and productivity of the ports. The company offers inorganic business growth strategy. For instance, in 2018, ABB and the Shanghai government entered into a collaborative agreement aiming to support its technology innovation center. ABB plans to serve the shipbuilding and port construction facilities in Shanghai with its leading products, systems, and solutions in the marine and ports industry. In the case of the shipping industry, ABB aims to offer an extensive portfolio of integrated marine systems and solutions that improve the flexibility, reliability, and energy efficiency of port equipment.
Another noteworthy name in this segment is of Accenture Port Solutions (Ireland). The company focuses on technology differentiation & product innovation to deliver value for its clients. Their business is focused on providing end-to-end capabilities at a scale across the full spectrum of professional services—spanning strategy, consulting, digital, technology, and operations. The company is mainly focusing on providing inorganic business growth strategy. For instance, in 2018, Accenture was awarded a contract for implementing Industrial IoT (IIoT) services in Jurong Port. Its project contract deliverables include performance value, Internet of things (IoT), PoC, high- performance bulk/break-bulk port benchmark, operating model with OR capabilities. The company is also laying measures for risk mitigation and improved business planning through sensitivity analysis and scenario modeling.
Report Metric |
Details |
Market Size available for years |
2017-2024 |
Base year considered |
2018 |
Forecast period |
2019–2024 |
Forecast units |
Value (USD) |
Segments covered |
Technology, Elements, Throughput Capacity, Port Type, and Region |
Geographies covered |
Asia Pacific, North America, Europe, The Middle East & Africa, and South America |
Companies covered |
Royal Haskoning (The Netherlands), IBM (USA), ABB (Switzerland), Trelleborg AB (Sweden), Port of Rotterdam (The Netherlands), Abu Dhabi Ports (UAE), Wipro Infrastructure (India), Accenture Port Solutions (Ireland), Ramboll Group (Denmark), Port Solutions Limited (India), Ikusi Velatia (Spain), Scientific Enterprises Ltd.(Greece) |
This research report categorizes the smart ports market based on technology, elements, throughput capacity, port type, and region.
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Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Scope
2.2 Market Size Estimation
2.2.1 Demand-Side Analysis
2.2.1.1 Calculation
2.2.1.2 Assumptions
2.2.2 Supply-Side Analysis
2.2.2.1 Assumptions
2.2.2.2 Calculation
2.2.3 Forecast
2.3 Some of the Insights of Industry Experts
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in the Smart Ports Market During the Forecast Period
4.2 Smart Ports Market, By Region
4.3 Smart Ports Market, By Technology
4.4 Smart Ports Market, By Element
4.4.1 Smart Port Market, By Traffic Management System (TMS)
4.4.2 Smart Port Market, By Smart Port Infrastructure
4.5 Smart Ports Market, By Throughput Capacity
4.6 Smart Ports Market, By Port Type
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Curbing Operational Expenses
5.2.1.2 Growing Needs for Real-Time Information
5.2.1.3 Rising Environmental Concerns
5.2.2 Restraints
5.2.2.1 Privacy and Security Concerns
5.2.2.2 Limited Availability of Skilled Staff
5.2.3 Opportunities
5.2.3.1 Port Upgrades Through Retrofitting
5.2.3.2 Supportive Government Initiatives Toward Smart Infrastructure/Port
5.2.3.3 Big Data Analytics, Iot, and Ai to Transform Port Operations
5.2.4 Challenges
5.2.4.1 Complexity in Integration of Different Systems
5.2.4.2 High Initial Investments
6 Smart Ports Market, By Element (Page No. - 40)
6.1 Introduction
6.2 Terminal Automation & Cargo Handling
6.2.1 Lower Labor Cost and Improved Work Consistency are Expected to Drive the Terminal Automation & Cargo Handling Segment During the Forecast Period
6.3 Port Community System
6.3.1 Rising Need for Single Window Environment is Expected to Drive the PCS Segment During the Forecast Period
6.4 Traffic Management System
6.4.1 Need to Reduce the Tat for Its Ships & Port Vehicles Will Drive the Demand for the TMS Segment During the Forecast Period
6.5 Smart Port Infrastructure
6.5.1 Increase in Trade Via Ports has Created A Need for Investment in Modernizing Port Infrastructure
6.6 Smart Safety & Security
6.6.1 Need for High Safety and Technology Innovation is Expected to Drive the Smart Safety & Security Segment During the Forecast Period
7 Smart Ports Market, By Throughput Capacity (Page No. - 47)
7.1 Introduction
7.2 Extensively Busy (More Than 18 Million Teu)
7.2.1 Increasing Sea Trade From Countries Such as China, Singapore, and South Korea
7.3 Moderately Busy (5–18 Million Teu)
7.3.1 High Adoption Rate of Smart Technologies in Europe & North America
7.4 Scarcely Busy (Less Than 5 Million Teu)
7.4.1 Rising Need for Process Automation & Digitalization
8 Smart Ports Market, By Technology (Page No. - 53)
8.1 Introduction
8.2 Process Automation
8.2.1 Reducing Labor Cost and Improving Operational Efficiency
8.3 Internet of Things
8.3.1 Increasing Need for Traffic Management and Digitalization of the Exisitng Port Operations
8.4 Artificial Intelligence
8.4.1 Predictive Maintenance, Quality Control, Field Services, and Material Movement are Key Applications of Ai at Ports
8.5 Blockchain
8.5.1 Need for Transparency and Security for Transactions is Expected to Drive Blockchain During the Forecast Period
9 Smart Ports Market, By Port Type (Page No. - 58)
9.1 Introduction
9.2 Seaport
9.2.1 Need for Operational Efficiency Due to Massive Cargo Handling is the Key Driver of the Smart Ports Market
9.3 Inland Port
9.3.1 Need for Intermodal Facilities to Enhance Supply Chain Logistics for Inland Ports is the Key Driver of the Smart Ports Market
10 Smart Ports Market, By Region (Page No. - 62)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Element
10.2.2 By Throughput Capcacity
10.2.3 By Port Type
10.2.4 By Technology
10.2.5 By Country
10.2.5.1 China
10.2.5.1.1 Seven Out of the World's 10 Largest Ports in Terms of Annual Cargo Throughput Were in China
10.2.5.2 Singapore
10.2.5.2.1 Maritime and Ports Authority of Singapore Launched Several Iot and Connectivity-Based Applications
10.2.5.3 Japan
10.2.5.3.1 The Economic Partnership Agreement Between Eu and Japan Will Be A Booster for The Smart Ports Market
10.2.5.4 South Korea
10.2.5.4.1 Major Government Initiatives are Expected to Boost the Smart Ports Market
10.2.5.5 Hong Kong
10.2.5.5.1 Major Government Initiatives are Expected to Boost the Smart Ports Market
10.2.5.6 Rest of Asia Pacific
10.3 Europe
10.3.1 By Element
10.3.2 By Throughput Capacity
10.3.3 By Port Type
10.3.4 By Technology
10.3.5 By Country
10.3.5.1 Germany
10.3.5.1.1 The Port of Hamburg is Expected to Drive the Smart Ports Scenario in the Country
10.3.5.2 The Netherlands
10.3.5.2.1 Major Developments in the Port of Rotterdam, Amsterdam, and Antwerp are Expected to Drive the Market in the Nation
10.3.5.3 UK
10.3.5.3.1 The Nation is Planning to Become the Test Bed for Smart Technologies in Port Operations
10.3.5.4 Italy
10.3.5.4.1 Major Developments in the Form of Mergers & Acquisitions are Expected to Drive the Smart Ports Market in the Region Significantly
10.3.5.5 Rest of Europe
10.4 North America
10.4.1 By Element
10.4.2 By Throughput Capacity
10.4.3 By Port Type
10.4.4 By Technology
10.4.5 By Country
10.4.5.1 US
10.4.5.1.1 Major Investments are Expected to Revamp Infrastructure and Build Data-Driven Solutions
10.4.5.2 Canada
10.4.5.2.1 The Government is Strongly Supporting the Development of Terminal Infrastructure and Automation in Processes
10.4.5.3 Mexico
10.4.5.3.1 Increased Dependency on Renewable Sources to Fulfill Its Electricity Needs
10.5 South America
10.5.1 By Element
10.5.2 By Throughput Capacity
10.5.3 By Port Type
10.5.4 By Technology
10.5.5 By Country
10.5.5.1 Brazil
10.5.5.1.1 Brazil to Make Massive Investments in the Data Storage Front, Supporting Its Port-Related It Infrastructure
10.5.5.2 Chile
10.5.5.2.1 Chile is Set to Get Its First Major Investment in Data Centers, Followed By A Push in Smart Cargo Handling Systems
10.5.5.3 Rest of South America
10.6 Middle East & Africa
10.6.1 By Element
10.6.2 By Throughput Capacity
10.6.3 By Port Type
10.6.4 By Technology
10.6.5 By Country
10.6.5.1 UAE
10.6.5.1.1 The UAE is Taking Gigantic Leaps in Implementing Niche Technologies in Port Operations
10.6.5.2 Saudi Arabia
10.6.5.2.1 Google has Set Eyes on the Country to Build Its Data Infrastructure
10.6.5.3 Kuwait
10.6.5.3.1 Kuwait and China Join Hands to Make the Former’s Ports Smarter and Efficient
10.6.5.4 South Africa
10.6.5.4.1 Transnet to Invest A Lot in South African Smart Ports
10.6.5.5 Rest of Middle East & Africa
11 Competitive Landscape (Page No. - 98)
11.1 Overview
11.2 Ranking of Players and Industry Concentration, 2018
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Mergers & Acquisitions
11.3.4 Partnerships & Collaborations
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic
11.4.4 Emerging
12 Company Profiles (Page No. - 104)
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Port of Rotterdam
12.2 Trelleborg
12.3 Royal Haskoning
12.4 IBM
12.5 Accenture
12.6 General Electric
12.7 Abu Dhabi Ports
12.8 ABB
12.9 Wipro
12.10 Ramboll Group
12.11 Ikusi Velatia
12.12 Port Solutions
12.13 Scientific Enterprises
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 134)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (73 Tables)
Table 1 Installed Throughput Capacity of Key Ports and Investments in Smart Technologies are Determining Factors for the Global Market
Table 2 Global Market Snapshot
Table 3 Smart Ports Market Size, By Element, 2017–2024 (USDMillion)
Table 4 Smart Ports Market Size, By TMS, 2017–2024 (USDMillion)
Table 5 Smart Ports Market Size, By Smart Port Infrastructure, 2017–2024 (USDMillion)
Table 6 Terminal Automation & Cargo Handling: Market Size, By Region, 2017–2024 (USDMillion)
Table 7 PCS: Smart Ports Market Size, By Region, 2017–2024 (USDMillion)
Table 8 TMS: Smart Ports Market Size, By Region, 2017–2024 (USDMillion)
Table 9 Smart Port Infrastructure: Market Size, By Region, 2017–2024 (USDMillion)
Table 10 Smart Safety & Security: Market Size, By Region, 2017–2024 (USDMillion)
Table 11 Smart Ports Market Size, By Element, 2017–2024 (USDMillion)
Table 12 Key Extensively Busy Smart Ports, 2017
Table 13 Extensively Busy: Market Size, By Region, 2017–2024 (USDMillion)
Table 14 Key Moderately Busy Smart Ports, 2017
Table 15 Moderately Busy: Market Size, By Region, 2017–2024 (USDMillion)
Table 16 Key Scarcely Busy Smart Ports, 2017
Table 17 Scarcely Busy: Market Size, By Region, 2017–2024 (USDMillion)
Table 18 Smart Ports Market Size, By Technology, 2017–2024 (USDMillion)
Table 19 Process Automation: Market Size, By Region, 2017–2024 (USDMillion)
Table 20 Internet of Things: Market Size, By Region, 2017–2024 (USDMillion)
Table 21 Artificial Intelligence: Market Size, By Region, 2017–2024 (USDMillion)
Table 22 Blockchain: Market Size, By Region, 2017–2024 (USDMillion)
Table 23 Smart Ports Market Size, By Port Type, 2017–2024 (USDMillion)
Table 24 Seaport: Market Size, By Region, 2017–2024 (USDMillion)
Table 25 Inland Port: Market Size, By Region, 2017–2024 (USDMillion)
Table 26 Smart Ports Market Size, By Region, 2017–2024 (USDMillion)
Table 27 Asia Pacific: Market Size, By Element, 2017–2024 (USDMillion)
Table 28 Asia Pacific: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 29 Asia Pacific: Market Size, By Port Type, 2017–2024 (USDMillion)
Table 30 Asia Pacific: Market Size, By Technology, 2017–2024 (USDMillion)
Table 31 Asia Pacific: Market Size, By Country, 2017–2024 (USDMillion)
Table 32 China: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 33 Singapore: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 34 Japan: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 35 South Korea: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 36 Hong Kong: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 37 Rest of Asia Pacific: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 38 Europe: Market Size, By Element, 2017–2024 (USDMillion)
Table 39 Europe: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 40 Europe: Market Size, By Port Type, 2017–2024 (USDMillion)
Table 41 Europe: Market Size, By Technology, 2017–2024 (USDMillion)
Table 42 Europe: Market Size, By Country, 2017–2024 (USDMillion)
Table 43 Germany: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 44 The Netherlands: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 45 UK: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 46 Italy: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 47 Rest of Europe: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 48 North America: Market Size, By Element, 2017–2024 (USDMillion)
Table 49 North America: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 50 North America: Market Size, By Port Type, 2017–2024 (USDMillion)
Table 51 North America: Market Size, By Technology, 2017–2024 (USDMillion)
Table 52 North America: Market Size, By Country, 2017–2024 (USDMillion)
Table 53 US: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 54 Canada: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 55 Mexico: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 56 South America: Market Size, By Element, 2017–2024 (USDMillion)
Table 57 South America: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 58 South America: Market Size, By Port Type, 2017–2024 (USDMillion)
Table 59 South America: Market Size, By Technology, 2017–2024 (USDMillion)
Table 60 South America: Market Size, By Country, 2017–2024 (USDMillion)
Table 61 Brazil: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 62 Chile: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 63 Rest of South America: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 64 Middle East & Africa: Market Size, By Element, 2017–2024 (USDMillion)
Table 65 Middle East & Africa: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 66 Middle East & Africa: Market Size, By Port Type, 2017–2024 (USDMillion)
Table 67 Middle East & Africa: Market Size, By Technology, 2017–2024 (USDMillion)
Table 68 Middle East & Africa: Market Size, By Country, 2017–2024 (USDMillion)
Table 69 UAE: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 70 Saudi Arabia: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 71 Kuwait: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 72 South Africa: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
Table 73 Other Countries in Africa: Market Size, By Throughput Capacity, 2017–2024 (USDMillion)
List of Figures (38 Figures)
Figure 1 Asia Pacific Held the Largest Share of the Smart Ports Market in 2018
Figure 2 Smart Port Infrastructure Segment is Expected to Dominate the Smart Ports Market, By Element, From 2019 to 2024
Figure 3 Process Automation Segment is Expected to Dominate the Market, By Technology, From 2019 to 2024
Figure 4 Extensively Busy Segment is Expected to Dominate the Market, By Throughput Capacity, From 2019 to 2024
Figure 5 Seaport Segment is Expected to Dominate the Smart Ports Market, By Port Type, From 2019 to 2024
Figure 6 Growth in Global Trade and Need to Curb Redundant Expenses in Port Operations are Expected to Drive the Smart Ports Market
Figure 7 Europe is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Process Automation Segment Dominated the Market in 2018
Figure 9 Smart Port Infrastructure Segment is Expected to Dominate the Market During the Forecast Period
Figure 10 Automated Information System (Ais) Subsegment is Expected to Dominate the Market During the Forecast Period
Figure 11 Shore Power Subsegment is Expected to Dominate the Market During the Forecast Period
Figure 12 Extensively Busy Segment Dominated the Market, By Throughput Capacity, in 2018
Figure 13 Sea Ports Segment Dominated the Industrial Wastewater Treatment Service Market, By Port Type, in 2018
Figure 14 Smart Ports Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Types of Waste Generated in the Port of Antwerp, 2016
Figure 16 Estimated Financial Losses Borne By Organizations Due to Security Breaches
Figure 17 Average Estimated Investment Size Per Infrastructure Category (2017–2027)
Figure 18 Smart Port Market (Value), By Element, 2019 & 2024
Figure 19 Smart Port Market (Value), By Throughput Capacity, 2018
Figure 20 Smart Port Market, By Technology, 2018
Figure 21 Smart Port Market (Value), By Port Type, 2019 & 2024
Figure 22 Regional Snapshot: Asia Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Smart Ports Market Size, By Region, 2019–2024
Figure 24 Smart Ports Market Share (Value), By Region, 2024
Figure 25 Asia Pacific: Regional Snapshot
Figure 26 Europe: Regional Snapshot
Figure 27 North America: Regional Snapshot
Figure 28 Key Developments in the Market, 2016–2019
Figure 29 Industry Concentration: the Market in 2018
Figure 30 Smart Port Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Port of Rotterdam: Company Snapshot
Figure 32 Trelleborg: Company Snapshot
Figure 33 Royal Haskoning: Company Snapshot
Figure 34 IBM: Company Snapshot
Figure 35 Accenture: Company Snapshot
Figure 36 General Electric: Company Snapshot
Figure 37 ABB: Company Snapshot
Figure 38 Wipro: Company Snapshot
This study involved four major activities in estimating the current size of the smart ports market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation technique were done to estimate the market size of the segments and corresponding sub-segments.
This research study involved the use of extensive secondary sources, directories, and databases, such as UNCTAD-data, Smart ports & Infrastructure Report- Accenture Port Solutions, Factiva, and, Smart cities journal, to identify and collect information useful for a technical, market-oriented, and commercial study of the smart ports market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
The smart ports market comprise several stakeholders such as the companies related to the industry, such as, consulting companies in the port infrastructure & sustainability sector, government & research organizations, investment banks, organizations, forums, alliances & associations, smart city solution providers, digital automation players, smart water metering organizations, state & national utility authorities, smart lighting equipment manufacturers, dealers & suppliers, and vendors. The demand side of this market is characterized by its applications such as the Internet of Things (IoT), digitization, Artificial Intelligence, blockchain, and others. The supply side is characterized by advancements in smart infrastructure technologies such as automation in port infrastructures like automated mooring systems, smart traffic management, automated information system (AIS), Real-Time Location System (RTLS), and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following
To know about the assumptions considered for the study, download the pdf brochure
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global smart ports market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the smart ports sector.
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Ports Market
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