Maritime data analytics refer to the process of collecting, analyzing, and inferring information about shipping activities. Increase in maritime shipping is driving coastal shipping companies to adopt maritime data analytics solutions. According to a report published by Trelleborg, a maritime solutions provider, the maritime industry generates about 100-120 million data points every day, from different sources such as vessel movements and ports. Increase in generation of shipping data, coupled with advancements in big data analytic solutions, provides the shippers with data regarding weather conditions, optimal routes, piracy risks, fuel consumption, etc.

Rise in investments in the maritime industry made by the governments of several economies is expected to drive the growth of the Maritime data analytics platform market globally. Maritime data analytics solutions are being installed on a larger scale in the maritime industry, because of their their characteristics of identifying optimum routes and helping marine authorities reduce the overall cost their maintenance cycles efficiently. Data analytics play a vital role in vessel tracking and management, which has primarily generated significant demand for analytics solutions in the maritime safety sector.

The global maritime data analytics platform market can be segmented based on component, end-user, enterprise size, and region. In terms of component, the market can be divided into software and services. The software/ platform segment can be further divided into predictive analytics, descriptive analytics, prescriptive analytics, and diagnostic analytics. The services segment can be bifurcated into managed services and professional services. Professional services can be further classified into consulting, system integration, and operation & maintenance. The managed services segment is estimated to account for the leading share of the maritime data analytics platform market throughout the forecast period. With respect to end-user, the maritime data analytics platform market can be segmented into government and commercial. The government segment is expected to grow significantly during the forecast period due to increase in investment in the maritime industry by the governments of several economies. On the basis of enterprise size, the maritime data analytics platform market can be classified into small & medium enterprises and large enterprises. The large enterprises are expected to hold the maximum share of the maritime data analytics platform market throughout the forecast period.

In terms of region, the global maritime data analytics platform market can be classified into North America, Europe, Middle East & Africa, Asia Pacific, and South America. Currently, North America accounts for the leading share of the global maritime data analytics platform market. This is due to the presence of leading market players in the region. Furthermore, rapid adoption of advanced technological solutions by the companies in the region is contributing significantly to the growth of the maritime data analytics platform market in North America. Canada and the U.S are expected to drive the growth of maritime data analytics platform market in the region due to adoption of advanced data analytics solutions, coupled with rise in investment in research and development activities. Asia Pacific is expected to provide significant lucrative opportunities to the market players operating in the region. Rise in industrialization in the region is also supporting the growth of the maritime data analytics platform market in Asia Pacific.

Analyzing the market trends, it is expected that in the near future the successful companies operating in the maritime data analytics platform market would either merge with large enterprises or outgrow to offer tough competition to the emerging players in the market. Large vendors are estimated to acquire regional system integrators to expand their distribution networks in domestic as well as international markets. Furthermore, rather than general analytics solution, vendors are likely to look more for solutions that can cater to the specific needs of their customers. 

Key players operating in the global maritime data analytics platform market include exactEarth Ltd., Maritime International Inc, Laros Inc., Windward Limited, MP Maritime data analytics Corporation, Ericsson Inc., ABB Ltd., Inmarsat PLC., and Spark Cognition Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Maritime Data Analytics Platform Market

Pre Book