Global Smart Ports Market Report 2022: Increase in International Maritime Trade Activities and Growth in Decarbonization Driving Sector – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Smartport Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence), Elements (Terminal Automation, PCS, Smartport Infrastructure), Throughput Capacity, Port Type and Region – Forecast to 2027 “ report has been added to from ResearchAndMarkets.com offer.

The global smartport market is expected to reach USD 5.7 billion by 2027, from an estimated USD 1.9 billion in 2022, growing at a CAGR of 24.3% during the forecast period. International trade is highly dependent on maritime transport. Maritime transport is the main form of transport for international trade and, according to UNCTAD, the majority of developing countries have even higher maritime trade volumes.

The environment is constantly changing, which makes it very difficult to prevent data from being misaligned or even missing from the ports. The ability of ports to efficiently collect and exchange data will be hampered by any potential dead zone. Automated ports face this difficulty because, unlike conventional ports, they are unable to contain problems to particular tasks or stages of the process, requiring close and continuous coordination between operations.

Every year there are millions of cyberattacks and data breaches which is alarming for online security. Security hasn’t always been a key issue when designing a product, as the idea of ​​integrating physical objects with the internet is still relatively new. This problem should be important, especially in ports where the materials handled are often valuable goods. A number of companies are also introducing products without thoroughly testing them for secure connections to gain first-mover advantage, creating vulnerability to data breaches. The use of hard-coded or default passwords, which can lead to security breaches, is a significant issue for loT security.

Internet of Things (IoT) segment, by technology, expected to be the fastest growing market from 2022 to 2027

Four types of technology are used for smart port, Internet of Things (IoT), blockchain, process automation and artificial intelligence (AI). Internet of Things (IoT) is a recent technological revolution which is mainly used in smart homes, smart cities and also smart ports globally. As each smartport is fully automated and has an IoT smartport for all connected devices such as smart sensors, data centers and wireless devices. There are many types of sensors such as ultrasonic sensors, inertial sensors, imaging sensors, radars and RFID readers which are widely used to collect data and turn the port into a smart port. An Internet of Things (IoT) enabled infrastructure and container management that ensures IoT adoption in the maritime industry. In terms of performance monitors mounted on pumps, motors, or valves to acquire real-time data on performance speed and reliability, smart ports with loT can simplify repairs and maintenance. Also, lots of ports can stop future security vulnerabilities. create a cloud-connected alert system that can contribute to effective loss prevention Data integrity can be confirmed using digital seals at each security level to prevent theft.

Busy ports segment, in terms of throughput capacity, is expected to be the largest market from 2022 to 2027

Throughput capacity segments have three types including very busy ports, moderately busy ports, and lightly busy ports. A capacity of over 19 million TEUs is handled annually by the extremely busy ports. China, Singapore and South Korea are among the regions whose ports are considered to be extremely active ports globally. These regions are important trade corridors. These ports have smart infrastructure and have made significant investments in port features such as terminal automation, cargo handling, smart infrastructure, safety and security, and port community systems.

Market dynamics

Drivers

  • Increase international maritime trade activities

  • Growing decarbonization of the maritime industry

  • Growing use of real-time geospatial data to improve port operations

  • Growing adoption of Industry 4.0 to improve port efficiency

Constraints

  • Risks associated with data breach and seaport customer data protection

Opportunities

  • Government initiatives to develop smartport infrastructure

  • Upgrading existing ports and developing new ports

Challenges

  • Complexity of technologies and interaction of many systems

  • High initial investment requirement for port development

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews

5 Market Overview

6 Smart Port Market, By Element

7 Smart Port Market, By Throughput Capacity

8 Smart Port Market, By Technology

9 Smart Port Market, By Port Type

10 Smart Port Market, by Region

11 Competitive Landscape

12 company profiles

13 Adjacent and Related Markets

14 Appendix

Companies cited

  • ABB

  • Abu Dhabi Ports

  • Accenture

  • APM terminals

  • Block

  • Cavotec

  • General Electric

  • Ports Hutchison

  • IBM

  • Ikusi Velatia

  • IoCurrents

  • Kalmar

  • Microsoft

  • nautix

  • Navis

  • Port of Rotterdam

  • Port solutions

  • Ramboll Group

  • Royal Haskoning

  • Scientific enterprises

  • Siemens

  • CDS

  • Trelleborg

  • Wipro

For more information on this report, visit https://www.researchandmarkets.com/r/vvzuv7

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