[150+ Pages Report] The global Marine Fleet Management Software market is expected to grow at a CAGR of around 10% over the forecast period 2021 to 2027 and expected to reach the market value of around US$ 1.0 Billion by 2027.
Marine fleet management software is used to enhance the efficiency of fleet operations and identify the vital operational insights from ship management data. Data smart marine fleet management software are required to efficiently manage a modern fleet of hundreds of vessels. A solution based on an integrated approach can provide the insight that is required to gain efficiency, reduce OPEX, and remain competitive in the maritime market. Marine fleet management software is normally deployed by fleet management companies that handle aspects such as crew management and day-to-day operations. This gives ship owners and managers time to focus on cargo booking. Marine fleet management software includes modules such as maintenance management, operations management, inventory management, crew management, safety management, finance management, and purchase management. The rising demand for marine fleet management solutions with broad functional coverage and flexible modular structure from the shipping industry is expected to drive the growth of the market. Organizations investing in platforms or tools to be used in centralized administration of data is boosting the growth of the marine fleet management software market.
Marine fleet management software stores information of customers and products in the software database that can be used before starting export & import activities from one country to another. The fleet used in export & import activities is incorporated with advanced marine fleet management software.
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The market survey provides compelling insights into important drivers that enable growth. It highlights untapped potential in a variety of industries.For the purpose of the study, the market has been segmented in terms of Component, Deployment,End User and Region, and regions. The report presents an incisive view of various factors impacting growth across these categories. Challenges posing threat also are studied in detail.
Apart from underscoring unexplored prospects, the report is intended to prepare businesses for unforeseen challenges in the future. It covers recommendations to help them navigate their businesses through obstacles to continue reporting growth at a sustainable pace.
COVID-19 Impact on Marine Fleet Management Software Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Marine Fleet Management Software market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Marine Fleet Management Software market 2021 onwards. This trend will however continue through the course of the report’s assessment period
Emerging Nations to Continue Attracting Investments :
The expansion of various industries across India, China, Brazil, and other emerging countries will help the Marine Fleet Management Software market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.
Expansion initiatives undertaken by various countries will aid the growth of the Marine Fleet Management Software market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the Marine Fleet Management Software market.
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Some of the prominent players in the Marine Fleet Management Software Market include: ABS Group of Companies, Inc., BASS Software Ltd., ConnectShip, Inc., DNV GL, Hanseaticsoft GmbH, JiBe ERP, Kongsberg Maritime, MariApps Marine Solutions Pte Ltd, Matrid Technologies, Micromarin, Norcomms, SBN TechnoLogics Private Limited, Seaspeed Marine Management LLC., SERTICA, Shipamax Ltd., ShipNet, Softcom Solutions (UK) Ltd., SpecTec, Star Information System, Tero Marine, and Veson Nautical LLC.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Marine Fleet Management Software Market: Segmentation
Marine Fleet Management Software Market, by Component
- Software
- Safety Management
- Document/Form Management
- Procurement Management
- Environment Management
- Accounting/Billing & Compliance Management
- Navigation & Tracking Management
- Others (Asset/Inventory Management, Crew Management, Etc.)
- Services
- Training & Consulting
- Integration & Implementation
- Support & Maintenance
Marine Fleet Management Software Market, by Deployment
- Premise-based Deployment
- Cloud Deployment
Marine Fleet Management Software Market, by End User
- Ports & Terminals
- Maritime Freight Forwarders
The regional segmentation covers:
-North America Region (U.S., Canada, Mexico)
-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
-South America Region (Brazil, Argentina, Columbia, Rest of South America)
-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Table of content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Continued…
Key Findings of the Marine Fleet Management Software Market Study
- Backed by the presence of well-established industrial infrastructure and willingness to spend on advanced technologies will strengthen North America’s hold in the global market.
- The Europe market will continue gaining from surging demand in Germany, U.K., Italy, France, and Spain.
- Investment towards industrialization and favourable policies intended at encouraging foreign investment will drive growth in India and China, sealing Asia Pacific’s position as a highly lucrative market for Marine Fleet Management Software.
- In Latin America, the market will gain from surging focus on economic development.
Why Buy this Report?
The purpose of Nova one advisor’s Marine Fleet Management Software market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
Some of the key highlights of the report are:
- Marine Fleet Management Software Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Nova one advisor presents the most precise rate of growth for the market for the assessment period starting from (start year) to (end year).
- Marine Fleet Management Software Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
- Key Market Segments – To present an exhaustive overview, the global Marine Fleet Management Software market is segmented in terms of (segment 1), (segment 2), (segment 3), and region. Opportunities existing across each of these categories are reflected on to help businesses realize their true potential.
- Competitive Landscape Analysis – Some of the leading companies operating in the Marine Fleet Management Software market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.
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