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  • Future Market Trends of Smart Port Market 2028

    (Transportation-News.com, October 06, 2021 )



    Market Overview

    A smart port is an automated port that uses nascent technologies such as big data, Internet of Things (IoT), blockchain solutions and other smart technology-based methods to improve performance and economic competitiveness.



    With these technologies, smart ports can also improve environmental sustainability. In an ideal smart port, processes would be automated and connected via IoT. The maritime industry has been testing blockchain technology since 2017 and several shipping companies have partnered with tech companies to create blockchain shipping systems to improve maritime logistics.



    View full report: https://bit.ly/3iAZPdG



    Market Dynamics

    Rising environmental concerns and the increasing need for real-time information are the major driving factors for the market growth globally. Due to the increasing size and volume of the container, transport, and cruise ships, ports continue to face new challenges with daily traffic and processing.



    Technologies such as IoT can improve warehouse logistics, inventory management, etc., and help automate loading, dispatching, and transporting goods. In smart ports, parking spaces could be optimized and traffic streamlined by making more efficient use of limited space. Sensors, cameras, drones, and other technologies can automatically collect and share information such as weather, traffic, and pollution data for port owners and customers.



    In May 2018, Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has teamed up with Naver Business Platform (NBP) and Intel Korea to develop Smart Ship 4.0 service infrastructure.



    However, Privacy and security issues are the key restraints hindering market growth worldwide. Since smart ports would have to deal with big data and operate using surveillance, data privacy and security are potential areas of concern. Concerns include questions of who will have access to the data, and how networks can be protected from hacking and sabotage.



    Market Segmentation

    By Technology

    Internet of Things

    Artificial Intelligence

    BlockChain

    Process Automation

    By Port Type

    Inland Port

    Seaport

    By Element

    Smart Port Infrastructure

    Terminal Automation

    By Throughput Capacity

    Scarcely Busy (Less Than 5 Million TEU)

    Moderately Busy (518 Million TEU)



    Download free sample: https://bit.ly/3FjIn7h



    Geographical Analysis

    The Asia Pacific Smart Port market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Asia Pacific is expected to grow with a high CAGR rate in the forecast period due to the development and growth of power generation industries and manufacturing industries in Asia Pacific economies like Japan, China, India, Hong Kong, and many other countries. The high growth of the various industries in this region will improve marine operations more and which in turn act as key factors for the growth of smart port market in the Asia Pacific.



    Companies in the Asia Pacific are focusing on and having partnerships to develop new solutions to the smart port. For instance, In February 2019, Ericsson and China Unicom, the worlds fourth-largest mobile service provider by subscriber base, have jointly announced that they are developing a 5G smart harbor at the Port of Qingdao in China.



    Competitive Landscape

    The Smart Port market is competitive with existing players in the market. Some of the major players include Royal Haskoning, Abu Dhabi Ports, Scientific Enterprises Ltd, Trelleborg, General Electric, Ikusi Velatia, IBM and Port of Rotterdam.



    In January 2019, Estonian shipping company Tallink Grupp and the TalTech Estonian Maritime Academy started a scientific collaboration with the aim of developing smart ship solutions.



    In May 2018, Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has teamed up with Naver Business Platform (NBP) and Intel Korea to develop Smart Ship 4.0 service infrastructure.



    In May 2018, UK-based Rolls-Royce and Finnish shipowner Finferries announced that they will jointly develop strategies and solutions to optimize the safety and efficiency of marine operations.



    In January 2018, The Port of Rotterdam Authority and IBM have joined forces on a multi-year digitization initiative to transform the ports operational environment using the Internet of Things (IoT) technologies.



    In February 2019, Ericsson and China Unicom, the worlds fourth-largest mobile service provider by subscriber base, have jointly announced that they are developing a 5G smart harbor at the Port of Qingdao in China.



    Related Topic's

    Smart Transportation Market, Transportation Industry Market, Waterway Transportation Software and Services Market, Refrigerated Road Transportation Market, China Road and Rail Transportation Market

    DataM Intelligence

    Sai Kiran

    +1 877 441 4866

    pr@datamintelligence.com

    Source: EmailWire.Com

    Source: EmailWire.com

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