The maritime digitization market was valued at $157.43 billion in 2021, and is estimated to reach $423.4 billion by 2031, growing at a CAGR of 10.7% from 2022 to 2031.
Maritime digitization is the process of converting analog data and processes in the maritime industry to digital format. Digitization in the maritime industry can improve efficiency and accuracy in data collection and analysis, as well as enhance communication and collaboration among vessels and shore-side operations. Moreover, digital technologies can provide real-time data and analytics, enabling stakeholders to make more informed decisions. Digital technologies such as blockchain can improve transparency and traceability throughout the supply chain, making it easier to identify and address any issues. In addition, this process involves automating processes, optimizing data analysis and decision-making, and improving communication and collaboration among stakeholders.
Request Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/47869
In addition, market players are adopting key strategies such as product launch for enhancing their services in the market and improving customer satisfaction. For instance, in November 2022, ABS, a maritime technology provider, launched ABS wavesight, a new maritime software as a service (SaaS) company dedicated to helping shipowners and operators streamline compliance while maintaining competitive, more efficient, and sustainable operations.
Furthermore, major market players are undertaking various strategies to increase the competition and offer enhanced services to their customers. For instance, In July 2021, Inmarsat Maritime Ventures, a subsidiary of Inmarsat, the world leader in global, mobile satellite communications, has signed an agreement with SRH Connect (SRH) for SRH to acquire Inmarsat’s FleetBroadband customer base in Greece and Cyprus. The SRH acquisition involves customer contracts purchased by Inmarsat Maritime Ventures from Speedcast. As part of the sale agreement, SRH will become a formal Inmarsat distribution partner for FleetBroadband and a Value-Added Reseller for Fleet Xpress. Following the rapid and successful migration of the services of all of these customers as part of the agreement with Speedcast and the implementation of a customer support agreement with SRH. Which provided a strategic advantage to the company and maritime digitization market size.
Interested To Procure The Research Report (PDF with Actionable Insights, Charts, Tables, and Figures)?
Inquire Here Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/47869
Based on technology, the IoT segment attained the highest growth in 2021. This is attributed due to IoT technology can be used to monitor and optimize the environmental impact of ship operations, helping the industry to become more sustainable. Furthermore, governments around the world are increasingly supporting the development and adoption of IoT technology in the maritime industry, through funding and other initiatives.
Based on region, North America attained the highest growth in 2021. This is attributed due to the increasing adoption of automation and IoT in the maritime industry, and the focus on cost-effective and efficient solutions are the key drivers of the market. In addition, the North American maritime industry is also investing in digital technologies to enhance operational efficiency and lower costs.
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/47869
The report analyzes the profiles of key players operating in the maritime digitization market such as Inmarsat Global Limited, Iridium Communications Inc., Lockheed Martin Corporation, MariApps Marine Solutions, ORBCOMM, Perle, SparkCognition, Spire Global, Windward Ltd. and xyzt.ai. These players have adopted various strategies to increase their market penetration and strengthen their position in the maritime digitization industry.
Procure Complete Report (235 Pages PDF with Insights, Charts, Tables, and Figures) at: https://bit.ly/415hFcc
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter