Marine Fleet Management Software Market
Marine Fleet Management Software Market Forecasts to 2030 - Global Analysis By Vessel Type (Bulk Carriers, Container Ships, Offshore Support Vessels and Other Vessel Types), By Deployment Model (On-premise, Cloud-based and Hybrid), Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $711.6 MN |
|
Projected Year Value (2030) |
US $1553.5 MN |
|
CAGR (2023-2030) |
11.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Marine Fleet Management Software Market is accounted for $711.6 million in 2023 and is expected to reach $1553.5 million by 2030 growing at a CAGR of 11.8% during the forecast period. Marine fleet management software refers to specialized technology solutions designed to streamline and optimize the operation of maritime fleets. It encompasses features such as vessel tracking, maintenance scheduling, crew management, fuel monitoring, and compliance management. By centralizing data and automating processes, this software enhances efficiency, safety, and cost-effectiveness in managing vessels, helping maritime companies achieve better performance and compliance with regulatory requirements.
According to IMO estimates as of 2023, the global commercial fleet consists of over 100,000 vessels exceeding 100 gross tons (GT).
Market Dynamics:
Driver:
Increasing demand for efficient fleet operations optimization
With maritime companies seeking to enhance operational efficiency and reduce costs, there's a growing emphasis on deploying advanced software solutions. These solutions enable real-time monitoring, route optimization, fuel management, and maintenance scheduling, leading to improved vessel performance and resource utilization. Additionally, as regulatory requirements for safety and environmental compliance become more stringent, there's a heightened need for software tools that facilitate better fleet management practices, driving market growth.
Restraint:
Integration challenges with existing fleet systems and legacy infrastructure
Integration challenges with existing fleet systems and legacy infrastructure present a notable restraint in the marine fleet management software market. Many maritime companies operate with diverse fleets and outdated technology, making it difficult to seamlessly incorporate new software solutions. Compatibility issues, data migration complexities, and interoperability concerns often arise, leading to delays and additional costs during implementation.
Opportunity:
Expansion of maritime trade and shipping activities
With the increasing volume of goods transported by sea, there is a growing need for efficient fleet management solutions to optimize vessel operations, enhance cargo visibility, and ensure regulatory compliance. This expansion creates a larger market for software vendors to offer solutions tailored to the specific needs of shipping companies, ports, and logistics providers, driving growth and innovation in the industry.
Threat:
Concerns regarding data security and privacy
Concerns regarding data security and privacy pose a significant threat to the marine fleet management software market. As these software solutions collect and process sensitive information such as vessel location, cargo details, and crew data, any breach or unauthorized access could have severe consequences, including operational disruptions, financial losses, and reputational damage for maritime companies. Moreover, compliance with regulations such as GDPR (General Data Protection Regulation) adds complexity and potential liabilities for software providers and fleet operators.
Covid-19 Impact:
The COVID-19 pandemic has accelerated the adoption of marine fleet management software as companies seek remote monitoring and operational efficiency amid travel restrictions and workforce limitations. However, the economic downturn and disruptions in maritime trade have led to budget constraints, delaying software investments. However, the crisis has underscored the importance of digital solutions for resilience and continuity in the maritime industry.
The cloud-based segment is expected to be the largest during the forecast period
The cloud-based segment is poised to dominate the marine fleet management software market during the forecast period. Cloud-based solutions offer scalability, flexibility, and accessibility, enabling remote fleet monitoring and management from any location with internet connectivity. Additionally, they minimize upfront infrastructure costs and facilitate seamless software updates and maintenance. As maritime companies increasingly embrace digitalization and seek cost-effective, scalable solutions, the cloud-based approach emerges as the preferred choice, driving its prominence in the market.
The environmental monitoring segment is expected to have the highest CAGR during the forecast period
The environmental monitoring segment is projected to witness the highest growth rate during the forecast period in the marine fleet management software market. This growth can be attributed to increasing regulatory pressures and environmental concerns, driving the need for solutions that monitor emissions, fuel consumption, and other ecological factors. Additionally, rising awareness of sustainability goals and initiatives within the maritime industry further propels the demand for software tools that enable efficient environmental monitoring and compliance with environmental regulations.
Region with largest share:
The North American region is poised to dominate the Marine Fleet Management Software market during the forecast period due to various factors. These include the region's robust maritime industry, characterized by a large fleet of vessels and ports, driving the demand for advanced fleet management solutions. Additionally, North America leads in technological innovation and adoption, fostering the development and deployment of cutting-edge software solutions. Furthermore, stringent regulatory requirements for vessel safety, security, and environmental compliance further propel the adoption of fleet management software in the region.
Region with highest CAGR:
Asia Pacific is positioned for significant growth in the marine fleet management software market owing to the region's booming maritime trade and shipping activities, which drive demand for efficient fleet management solutions. Additionally, increasing adoption of digitalization and automation across industries enhances the uptake of fleet management software. Emerging economies in Asia and the Pacific are investing in modernizing their maritime infrastructure, creating opportunities for software vendors. Furthermore, rising regulatory requirements for vessel tracking and safety contribute to the market's expansion in the region.
Key players in the market
Some of the key players in Marine Fleet Management Software Market include ABS Group of Companies, Inc., Seaspeedmarine, SERTICA, Shipamax Ltd., Hanseaticsoft GmbH, JiBe ERP, Kongsberg Gruppen ASA, SpecTec Group, Star Information System, Veson Nautical, Ocean Technologies Group, Prime Marine, BASS Software Ltd., ConnectShip, Inc., DNV AS, ShipNet AS, Softcom Solutions, MariApps Marine Solutions Pte Ltd, Micromarin Software and Norcomms.
Key Developments:
In November 2023, ABS-affiliated maritime software as a service company ABS Wavesight has unveiled a range of updates to its fleet management software, Nautical Systems. The new releases, along with updates to support compliance with upcoming regulations, were announced at the 23rd Nautical Systems Global User Conference, held in Oceanside, Calif., and attended by more than 150 users from leading maritime operators.
In March 2023, Hanseaticsoft GmbH entered into a partnership with Exploris SAS. Hanseaticsoft would provide the cloud fleet manager (CFM) platform, its integrated application for fleet operations to Exploris. CFM would enable Exploris to streamline its ship management processes and increase overall efficiency.
Vessel Types Covered:
• Bulk Carriers
• Container Ships
• Offshore Support Vessels
• Passenger Ships
• Tankers
• Other Vessel Types
Deployment Models Covered:
• On-premise
• Cloud-based
• Hybrid
Applications Covered:
• Voyage Optimization
• Crew Management
• Environmental Monitoring
• Fuel Management
• Maintenance Management
• Regulatory Compliance
• Vessel Performance Management
• Other Applications
End Users Covered:
• Fishing Companies
• Offshore Oil and Gas Companies
• Passenger Ship Operators
• Port Authorities and Terminal Operators
• Shipping Companies
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Marine Fleet Management Software Market, By Vessel Type
5.1 Introduction
5.2 Bulk Carriers
5.3 Container Ships
5.4 Offshore Support Vessels
5.5 Passenger Ships
5.6 Tankers
5.3 Other Vessel Types
6 Global Marine Fleet Management Software Market, By Deployment Model
6.1 Introduction
6.2 On-premise
6.3 Cloud-based
6.4 Hybrid
7 Global Marine Fleet Management Software Market, By Application
7.1 Introduction
7.2 Voyage Optimization
7.3 Crew Management
7.4 Environmental Monitoring
7.5 Fuel Management
7.6 Maintenance Management
7.7 Regulatory Compliance
7.8 Vessel Performance Management
7.9 Other Applications
8 Global Marine Fleet Management Software Market, By End User
8.1 Introduction
8.2 Fishing Companies
8.3 Offshore Oil and Gas Companies
8.4 Passenger Ship Operators
8.5 Port Authorities and Terminal Operators
8.6 Shipping Companies
8.7 Other End Users
9 Global Marine Fleet Management Software Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ABS Group of Companies, Inc.
11.2 Seaspeedmarine
11.3 SERTICA
11.4 Shipamax Ltd.
11.5 Hanseaticsoft GmbH
11.6 JiBe ERP
11.7 Kongsberg Gruppen ASA
11.8 SpecTec Group
11.9 Star Information System
11.10 Veson Nautical
11.11 Ocean Technologies Group
11.12 Prime Marine
11.13 BASS Software Ltd.
11.14 ConnectShip, Inc.
11.15 DNV AS
11.16 ShipNet AS
11.17 Softcom Solutions
11.18 MariApps Marine Solutions Pte Ltd
11.19 Micromarin Software
11.20 Norcomms
List of Tables
1 Global Marine Fleet Management Software Market Outlook, By Region (2021-2030) ($MN)
2 Global Marine Fleet Management Software Market Outlook, By Vessel Type (2021-2030) ($MN)
3 Global Marine Fleet Management Software Market Outlook, By Bulk Carriers (2021-2030) ($MN)
4 Global Marine Fleet Management Software Market Outlook, By Container Ships (2021-2030) ($MN)
5 Global Marine Fleet Management Software Market Outlook, By Offshore Support Vessels (2021-2030) ($MN)
6 Global Marine Fleet Management Software Market Outlook, By Passenger Ships (2021-2030) ($MN)
7 Global Marine Fleet Management Software Market Outlook, By Tankers (2021-2030) ($MN)
8 Global Marine Fleet Management Software Market Outlook, By Other Vessel Types (2021-2030) ($MN)
9 Global Marine Fleet Management Software Market Outlook, By Deployment Model (2021-2030) ($MN)
10 Global Marine Fleet Management Software Market Outlook, By On-premise (2021-2030) ($MN)
11 Global Marine Fleet Management Software Market Outlook, By Cloud-based (2021-2030) ($MN)
12 Global Marine Fleet Management Software Market Outlook, By Hybrid (2021-2030) ($MN)
13 Global Marine Fleet Management Software Market Outlook, By Application (2021-2030) ($MN)
14 Global Marine Fleet Management Software Market Outlook, By Voyage Optimization (2021-2030) ($MN)
15 Global Marine Fleet Management Software Market Outlook, By Crew Management (2021-2030) ($MN)
16 Global Marine Fleet Management Software Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
17 Global Marine Fleet Management Software Market Outlook, By Fuel Management (2021-2030) ($MN)
18 Global Marine Fleet Management Software Market Outlook, By Maintenance Management (2021-2030) ($MN)
19 Global Marine Fleet Management Software Market Outlook, By Regulatory Compliance (2021-2030) ($MN)
20 Global Marine Fleet Management Software Market Outlook, By Vessel Performance Management (2021-2030) ($MN)
21 Global Marine Fleet Management Software Market Outlook, By Other Applications (2021-2030) ($MN)
22 Global Marine Fleet Management Software Market Outlook, By End User (2021-2030) ($MN)
23 Global Marine Fleet Management Software Market Outlook, By Fishing Companies (2021-2030) ($MN)
24 Global Marine Fleet Management Software Market Outlook, By Offshore Oil and Gas Companies (2021-2030) ($MN)
25 Global Marine Fleet Management Software Market Outlook, By Passenger Ship Operators (2021-2030) ($MN)
26 Global Marine Fleet Management Software Market Outlook, By Port Authorities and Terminal Operators (2021-2030) ($MN)
27 Global Marine Fleet Management Software Market Outlook, By Shipping Companies (2021-2030) ($MN)
28 Global Marine Fleet Management Software Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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