The Latin America, Middle East and Africa Maritime Digitization Market should witness market growth of 11.5% CAGR during the forecast period (2022-2028).
The transformation paradigm for the operations and strategies of maritime businesses includes digitization. In essence, maritime digitization generates new business models and logic to generate economic and societal value. As technology is developed, digital transformation becomes an ongoing effort to improve workflow in the maritime sector. The service of mobile & web functionality, which transforms into creative content and a user-friendly experience, enhances the maritime customer focus is demonstrated by maritime digitization transformation experiences. Beyond improving productivity, being digitally equipped also makes it possible for the entire maritime sector to supportable the effort.
Almost 90% of all trade in goods is carried on ships, making maritime transportation a vital part of the world economy. The performance and resilience of maritime supply chains might be considerably improved by digital technology, according to a new analysis formed bythe World Bank along with the International Association of Ports and Harbors (IAPH). The report proposed thatgiven the strategic importance of the maritime industry, the report's proposed digital revolution might have significant positive economic effects, particularly for underdeveloped nations.
Latin American ports have started a process of digitization andmodernization to help them effectively meet the difficulties of international trade. This process is partly driven by government policy and partlyby private sector investors as a partner in development. Most of ports present in the region currently belong to the 3rdgeneration. The 3rd Generation Ports integrate data processing, telecommunications system use, and logistics services associated with the distribution of commodities, which add value to products and services. Hence, most regional ports have accelerated digitization processes, which has boosted the growth of the regional market.
The Brazil market dominated the LAMEA Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,516.9 Million by 2028. The Argentina market is estimated to grow a CAGR of 12.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 11.2% during (2022-2028).
Based on Application, the market is segmented into Fleet Management, Vessel Management, Inventory Management, Energy Management, and Predictive Maintenance. Based on End-user, the market is segmented into Ports & Terminals, Shipping Companies, and Maritime Freight Forwarders. Based on Technology, the market is segmented into IoT, AI, Blockchain, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Windward Ltd., Inmarsat Global Limited (Connect Bidco Limited), Lockheed Martin Corporation, Spire Global, Inc., Iridium Communications Inc., Orbcomm, Inc. (GI Partners L.P.), MariApps Marine Solutions Pte Ltds (Schulte Group), Marine Solutionz Ship Management Pvt. Ltd., xyzt.ai BV, and Perle Systems Inc.
The transformation paradigm for the operations and strategies of maritime businesses includes digitization. In essence, maritime digitization generates new business models and logic to generate economic and societal value. As technology is developed, digital transformation becomes an ongoing effort to improve workflow in the maritime sector. The service of mobile & web functionality, which transforms into creative content and a user-friendly experience, enhances the maritime customer focus is demonstrated by maritime digitization transformation experiences. Beyond improving productivity, being digitally equipped also makes it possible for the entire maritime sector to supportable the effort.
Almost 90% of all trade in goods is carried on ships, making maritime transportation a vital part of the world economy. The performance and resilience of maritime supply chains might be considerably improved by digital technology, according to a new analysis formed bythe World Bank along with the International Association of Ports and Harbors (IAPH). The report proposed thatgiven the strategic importance of the maritime industry, the report's proposed digital revolution might have significant positive economic effects, particularly for underdeveloped nations.
Latin American ports have started a process of digitization andmodernization to help them effectively meet the difficulties of international trade. This process is partly driven by government policy and partlyby private sector investors as a partner in development. Most of ports present in the region currently belong to the 3rdgeneration. The 3rd Generation Ports integrate data processing, telecommunications system use, and logistics services associated with the distribution of commodities, which add value to products and services. Hence, most regional ports have accelerated digitization processes, which has boosted the growth of the regional market.
The Brazil market dominated the LAMEA Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,516.9 Million by 2028. The Argentina market is estimated to grow a CAGR of 12.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 11.2% during (2022-2028).
Based on Application, the market is segmented into Fleet Management, Vessel Management, Inventory Management, Energy Management, and Predictive Maintenance. Based on End-user, the market is segmented into Ports & Terminals, Shipping Companies, and Maritime Freight Forwarders. Based on Technology, the market is segmented into IoT, AI, Blockchain, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Windward Ltd., Inmarsat Global Limited (Connect Bidco Limited), Lockheed Martin Corporation, Spire Global, Inc., Iridium Communications Inc., Orbcomm, Inc. (GI Partners L.P.), MariApps Marine Solutions Pte Ltds (Schulte Group), Marine Solutionz Ship Management Pvt. Ltd., xyzt.ai BV, and Perle Systems Inc.
Scope of the Study
By Application
- Fleet Management
- Vessel Management
- Inventory Management
- Energy Management
- Predictive Maintenance
By End-user
- Ports & Terminals
- Shipping Companies
- Maritime Freight Forwarders
By Technology
- IoT
- AI
- Blockchain
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Windward Ltd.
- Inmarsat Global Limited (Connect Bidco Limited)
- Lockheed Martin Corporation
- Spire Global, Inc.
- Iridium Communications Inc.
- Orbcomm, Inc. (GI Partners L.P.)
- MariApps Marine Solutions Pte Ltds (Schulte Group)
- Marine Solutionz Ship Management Pvt. Ltd.
- xyzt.ai BV
- Perle Systems Inc.
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- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Maritime Digitization Market, by Application
1.4.2 LAMEA Maritime Digitization Market, by End User
1.4.3 LAMEA Maritime Digitization Market, by Technology
1.4.4 LAMEA Maritime Digitization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Maritime Digitization Market by Application
3.1 LAMEA Fleet Management Market by Country
3.2 LAMEA Vessel Management Market by Country
3.3 LAMEA Inventory Management Market by Country
3.4 LAMEA Energy Management Market by Country
3.5 LAMEA Predictive Maintenance Market by Country
Chapter 4. LAMEA Maritime Digitization Market by End User
4.1 LAMEA Ports & Terminals Market by Country
4.2 LAMEA Shipping Companies Market by Country
4.3 LAMEA Maritime Freight Forwarders Market by Country
Chapter 5. LAMEA Maritime Digitization Market by Technology
5.1 LAMEA IoT Market by Country
5.2 LAMEA AI Market by Country
5.3 LAMEA Blockchain Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Maritime Digitization Market by Country
6.1 Brazil Maritime Digitization Market
6.1.1 Brazil Maritime Digitization Market by Application
6.1.2 Brazil Maritime Digitization Market by End User
6.1.3 Brazil Maritime Digitization Market by Technology
6.2 Argentina Maritime Digitization Market
6.2.1 Argentina Maritime Digitization Market by Application
6.2.2 Argentina Maritime Digitization Market by End User
6.2.3 Argentina Maritime Digitization Market by Technology
6.3 UAE Maritime Digitization Market
6.3.1 UAE Maritime Digitization Market by Application
6.3.2 UAE Maritime Digitization Market by End User
6.3.3 UAE Maritime Digitization Market by Technology
6.4 Saudi Arabia Maritime Digitization Market
6.4.1 Saudi Arabia Maritime Digitization Market by Application
6.4.2 Saudi Arabia Maritime Digitization Market by End User
6.4.3 Saudi Arabia Maritime Digitization Market by Technology
6.5 South Africa Maritime Digitization Market
6.5.1 South Africa Maritime Digitization Market by Application
6.5.2 South Africa Maritime Digitization Market by End User
6.5.3 South Africa Maritime Digitization Market by Technology
6.6 Nigeria Maritime Digitization Market
6.6.1 Nigeria Maritime Digitization Market by Application
6.6.2 Nigeria Maritime Digitization Market by End User
6.6.3 Nigeria Maritime Digitization Market by Technology
6.7 Rest of LAMEA Maritime Digitization Market
6.7.1 Rest of LAMEA Maritime Digitization Market by Application
6.7.2 Rest of LAMEA Maritime Digitization Market by End User
6.7.3 Rest of LAMEA Maritime Digitization Market by Technology
Chapter 7. Company Profiles
7.1 Windward Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Inmarsat Global Limited (Connect Bidco Limited)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Research & Development Expenses
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.3 Lockheed Martin Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Spire Global, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.5 Iridium Communications Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.6 Orbcomm, Inc. (GI Partners L.P.)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 MariApps Marine Solutions Pte Ltds (Schulte Group)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Marine Solutionz Ship Management Pvt. Ltd.
7.8.1 Company Overview
7.9 xyzt.ai BV
7.9.1 Company Overview
7.10. Perle Systems Inc.
7.10.1 Company Overview
Companies Mentioned
- Windward Ltd.
- Inmarsat Global Limited (Connect Bidco Limited)
- Lockheed Martin Corporation
- Spire Global, Inc.
- Iridium Communications Inc.
- Orbcomm, Inc. (GI Partners L.P.)
- MariApps Marine Solutions Pte Ltds (Schulte Group)
- Marine Solutionz Ship Management Pvt. Ltd.
- xyzt.ai BV
- Perle Systems Inc.
Methodology
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