Marine Management Software Market
The Maritime Administration Technology industry was estimated at USD 1.5 billion in 2020 and is expected to grow at a strong CAGR of 10.6% from 2018 to 2028.
Part of its structure, marinas and yacht dealers can easily manage complex supply chain processes through the use of marine software solutions, which improves efficiency. The program offers ship management data to ship executives and operators, helping them run leaner and more efficient processes. Moreover, the maritime sector needs to use internet devices to collect, analyze, store, distribute and show information to stakeholders due to the growing demand for goods in transit through the channels. Good business operations are ensured by maritime software solutions, which also help improve safety and ease maintenance.
This program offers cargo details of ships departing from different ports and helps to detect the schedules of these ships to improve trade and communications. The exchange of communication between the two boats, which is well connected, contributes to better collaboration and avoids marine accidents. In addition, connectivity with enterprise resource planning software enables better understanding of the distribution network, reducing the cost of transporting goods and improving economic judgment.
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The COVID-19 outbreak has had a detrimental effect on the global economy as it has heavily affected several industries including BFSI and IT & Telecom. In several countries around the world, the epidemic has led to the establishment of lockdown restrictions and travel bans, which have disrupted the distribution network of raw materials and resources as well as demands. Additionally, trade restrictions, closure of industrial facilities, reduced productivity, working capital issues and a lack of employees have all contributed to shrinking cash margins for global industry players. Although large companies have also suffered greatly, SMEs have been the most affected. International demand for maritime software solutions has also been influenced by COVID-19.
The outbreak has put the maritime sector through its greatest difficult time due to the suspension of all channel freight transit, as it was possible that the movement of such items from one port to another could have spread the virus. , harming a large number of workers in the industry. Due to its widespread nature and its effects on trade routes, which primarily involve international import and export trade, this epidemic has had a significant global influence on the shipbuilding industry. In addition, a restriction was imposed on the majority of vessels and boxes that were transported from China by different countries, which made it difficult for these sectors to operate.
Market segmentation :
This market is segmented into components, mode of deployment, location, organization size, location, organization size, and application.
On the basis of component, it is segmented into software and services. Based on the mode of deployment, it is segmented into on-premises and cloud. Based on location, it is divided into onboard and onshore. Based on the size of the organization, it is divided into SMEs and large enterprises and lastly, based on applications, it is segmented into crew management, cruise and yacht management, port management, management of poets and management of reservations.
Globally, the regions of North America, Europe, Asia-Pacific, Middle East & Africa and South America make up the global marine management software industry.
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Dock Master (USA)
Marina Master (Slovenia)
Lloyd’s Register (UK)
Scribble Software (US)
Swell Advantage (Canada)
Marina Ahoy (Estonia)
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