Need to manage supply chain efficiently and rise in need to reduce delivery time of shipments are the major factors that drive the ship management software market growth. However, lack of technical expertise to manage complex software hampers the market growth.
Furthermore, adoption of shipping software among small and mid-sized logistic companies is expected to provide lucrative opportunities for the global ship management software market.
Rise in international trade between countries is anticipated to boost the market to growth in the future. Import/export of goods via sea routes creates demand for shipping management software among enterprises.which propels the market growth.
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Asia-Pacific is expected to have the largest market share during the forecast period, owing tothe presence of emerging economies such asIndia, China, and South Korea.
India measures 7,516.6 km of coastline and governments are taking several initiatives to develop sea routes, upgrade infrastructure and promote trade via sea routes, which creates demand forglobal ship management software.
Key benefits of the report:
- This study presents analytical depiction of the global ship management software market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ship management software market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.
Major players include: DNV GL, Helm Operations, Hanseaticsoft, IDEA SBA, KONGSBERG, Sertica, MXSuite, Nautical Systems, Seaspeed Marine, SERTICA, and VerticaLive.
Impact of COVID-19 on Ship Management Software Market:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affectthe ship management software market in 2020.
- Though governments have imposed lockdowns to contain spread of the virus, manufacturing and production units are at halt across the globe, which is expected to affect the ship management software market.
- Presently, ship management software is helping logistics companies to ease their operations despite lack of workforce and reduce delivery time of shipments.
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