Global Marine Big Data Market: Snapshot
Marine big data can be described as large amount of data collected by aerial remote sensing, ships, stations, buoys and satellites. In recent years, the data generated and collected by various devices is growing at an overwhelming speed all over the world. In terms of marine sector, countries across the globe have launched observing projects such as Argo, NEPTUNE, GOOS etc. and number of marine observation satellites. As multiple observing techniques and various marine observation systems are deployed into the service, data volume increases, data format becomes diversified which forms marine big data. Only that marine data is valuable which contain specific temporal and spatial information. Factors such as high dimension and periodical data acquisition by various marine observation projects around the world leads to huge volume of marine big data. The global marine big data market is expected to expand at a CAGR of 21.5% during the forecast period 2017 to 2025 and is expected to reach US$ 3,240.5 Mn by 2025.
Services Segment Held Lead in 2016
The global marine big data market can be segmented on the basis of component, application, data source and region. In terms of component, marine big data market can be divided into software and services. Software segment is further divided into data analytics, data collection, data discovery & visualization and data management. Services segment is further classified into consulting, system integration and operation & maintenance. In 2016, services held the largest revenue share for marine big data market and is expected to retain the largest share throughout the forecast period due to affordability associated with services as compared to software packages. On the basis of application, the marine big data market can be segmented into renewable energy, oil & gas, fishery, whale watching, marine protected area, marine traffic, dredging, harbor, offshore construction and others. Due to heavy price competitiveness in the sector, oil & gas held the largest market share in 2016. In terms of data source, the market can be classified into environmental, oceanographic, geological data, economic and others. Among the data source economic data sources are expected to generate huge data for marine from ships & transportation and logistics industry.
Asia Pacific Holds Dominance Due to Presence of Large Shipping Corporations
Geographically, marine big data market can be divided into North America, Europe, Asia-Pacific, Middle East & Africa and South America. Asia-Pacific is expected to hold largest share among global marine big data market. Asia-Pacific is also expected to witness highest CAGR during the forecast period as large shipping corporations in Japan, South Korea, Singapore and China are expected to invest heavily in the marine big data market to gain competitive advantage.
Factors such as data transformation has been made possible by the growing application and development of advanced sensor technologies that enable large volumes of engine, fuel, traffic, cargo, weather and other data to be generated and collected on board a vessel which is driving the global marine data market. However, marine big data market witnesses a few challenges in data management including data storage, capture, application and analysis as well as data security which is restraining the growth of global marine big data market. On the other hand, high potential for marine big data in the developing regions such as Asia-Pacific are creating lot of opportunities for the growth of marine big data market.
The global marine big data market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive and customized solutions to the customers. Moreover, as part of this strategy, the companies are engaging in various strategic partnerships, acquisitions, focusing on expanding their business through new service additions and geographical presence.
Some of the major players in the global marine big data market with the significant developments are Teradata, Splunk, Inc., AIMS-Sinay, Oceanwise, Intertrust Technologies Corporation, MarineFIND, BigOceanData, Avenca Limited, BMT Group Ltd., Datameer Inc. Databricks Inc., Nautical Control Solutions, LP, Ocean Networks Canada, Smart Ocean and Open Ocean among others.
Global Marine Big Data Market: Overview
This report aims to provide a comprehensive strategic analysis of the global marine big data market along with revenue and growth forecasts for the period from 2017 to 2025. With fast changing technology, use in various applications and rising adoption of this technology in marine sector, the marine big data market is expected to experience high growth in the coming years. Some of the factors supporting the growth of the market worldwide include the potential for new insights, increased technological investments in developing regions such as Asia Pacific, high demand for marine big data solutions from oil & gas industry and advent of customized solutions in developed regions such as North America and Europe. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models.
Global Marine Big Data Market: Scope of the Study
This report on the global marine big data market provides a detailed analysis of big data solutions used for different applications by end-users depending upon their needs. The report offers an in-depth analysis of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry which are expected to influence the market growth during the forecast period from 2017 to 2025. It includes a comprehensive coverage of the underlying economic and technological factors influencing the marine big data market growth. It provides the competitive landscape of key players in the marine big data market in order to highlight the competition scenario. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The study explains the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.
Global Marine Big Data Market: Key Segments
The global marine big data market is analyzed by segmenting it on the basis of component, application, data source and geography. Based on component, the market is classified into software and service. The software segment is further segmented into data analytics, data collection, data discovery & visualization and data management. Services segment is further classified into consulting, system integration and operation & maintenance. Based on data source, the market is categorized into environmental, oceanographic, geological data, economic and others. On the basis of application, the marine big data market can be segmented into renewable energy, oil & gas, fishery, whale watching, marine protected area, marine traffic, dredging, harbor, offshore construction and others. Geographically, the global market for marine big data has been segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa and South America. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025. The study also includes market estimates for major countries/regions such as the U.S., Canada, the U.K., Germany, France, Japan, and India. The analysis by component, end-user and regions helps in evaluating the present scenario and growth prospects of the marine big data market over the forecast period from 2017 to 2025. Thus, the report provides in-depth cross-segment analysis of the market and classifies it into various industries, thereby providing valuable insights at the macro as well as micro levels.
Companies Mentioned in Report
The report concludes company profiles of major players in the marine big data market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis and segment presence. Some of the major players in the global marine big data market with the significant developments are Teradata, Splunk, Inc., AIMS-Sinay, Oceanwise, Intertrust Technologies Corporation, MarineFIND, BigOceanData, Avenca Limited, BMT Group Ltd., Datameer Inc. Databricks Inc., Nautical Control Solutions, LP, Ocean Networks Canada, Smart Ocean and Open Ocean among others.
Marine Big Data Market Analysis, by Component
- Data Analytics
- Data Collection
- Data Discovery and Visualization
- Data Management
- System Integration
- Operation and Maintenance
Marine Big Data Market Analysis, by Application
- Renewable Energy
- Oil and Gas
- Whale Watching
- Marine Protected Area
- Marine Traffic
- Offshore Construction
Marine Big Data Market Analysis, by Data Source
- Geological Data
Marine Big Data Market Analysis, by Region
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Rest of Asia Pacific
- Middle-East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America