Waterway Transportation Software and Services Market is expected to reach USD 135.07 Bn by 2029 Freight and Logistics, Research and Development and Growth Opportunities

Waterway Transportation Software and Services Market is expected to reach USD 135.07 Bn by 2029 Freight and Logistics, Research and Development and Growth Opportunities
Waterway Transportation Software and Services Market
Waterway Transportation Software and Services Market size was valued at USD 65.35 Bn. in 2021 and the total Waterway Transportation Software and Services, revenue is expected to grow at a CAGR of 9.5% from 2022 to 2029, reaching nearly USD 135.07 Bn.

Pune, 9, Dec2022: The report analysed by Maximize Market Research, the global information technology and telecommunications market research firm. Waterway Transportation Software and Services Market covers an extensive competitive and pricing analysis in the report. North America is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 65.35 Billion in 2021 to USD 135.07 Billion in 2029 at a CAGR of 9.5 percent. 

Waterway Transportation Software and Services Market Scope and Research Methodology

The report on Waterway Transportation Software and Services Market provides market insights with an in-depth analysis of every segment of the services offered. The report includes current market trends, implementation of new technologies in the market, joint ventures, mergers and acquisitions and strategic alliances in the Waterway Transportation Software and Services Market. Insights such as market drivers, restraints, challenges and growth rate fluctuation with estimations are included in the report.

The report provides an analysis of the competitive landscape of the Waterway Transportation Software and Services Market. Key players and new entrants are identified for studying their company profiles based on goods and services offered, revenue, financial status, portfolio, growth strategies, and geographical presence. This helps clients and investors to draw investment and business strategies giving them an edge over other competitors. The report also conducts an analysis that focuses on every segment of the Waterway Transportation Software and Services Market that is divided by technology and application.

Data was gathered meticulously by making sure that enough sample was gathered for deriving accurate results. Primary and secondary methods were employed for data collection. Primary data was gathered through various methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.

Qualitative analysis tools like SWOT, PESTLE and Porter’s Five Force analysis were used to draw significant inferences from the collected data. Information is provided on the demand and supply side, buyer power and the threat of substitution and entry. The report provides a comprehensive analysis of the Waterway Transportation Software and Services Market aiding clients to take a data-driven business stance.

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Waterway Transportation Software and Services Market Overview

The Waterway Transportation Software and Services are employed to track and manage transportation that occurs via boat, or ship over an ocean, sea, river or canal. Technological advancement in several industries has picked up the pace. Water transportation has a system that has incorporated tracking software that enables them to boost the efficiency of their business while maintaining a set of data that can be used for data analytics. The software helps for smooth performance, increases freight security and lowers operational costs.

Waterway Transportation Software and Services Market Dynamics

The e-commerce industry has witnessed massive growth over the decade. The increasing business demands sophisticated technology for freight and logistics operations. The transport of goods through marine transportation has resulted in an increase in demand for Waterway Transportation Software and Services Market. Its adoption enhances material handling and processing capabilities and reduces order cycle time for sea freight services. Such advantages are expected to drive the Waterway Transportation Software and Services Market growth over the forecast period.

Technological innovations and developments in the Waterway Transportation Software and Services Market are also encouraging growth in the market. Improvements in technology and automation of the supply chains are factors influencing the Waterway Transportation Software and Services Market to grow during the forecast period.

Waterway Transportation Software and Services Market Regional Insights

North America held 36 percent of the overall market share in 2021 and is expected to grow at a significant pace over the forecast period. North America being the technological hub is a factor influencing growth in the region. Investments in research and development in defence and maritime research are expected to lead the path for innovations in the Waterway Transportation Software and Services Market in the region. Growth of the industrial sector and rapid adoption of digitization is expected to drive the regional Waterway Transportation Software and Services Market growth.

Waterway Transportation Software and Services Market Segmentation

By Deployment: 

  • On-Premise
  • Cloud
  • Hybrid

By Solution:

  • Warehousing
  • Vessel tracking
  • Freight security
  • Yard management
  • Audit & claim
  • Ship broker software
  • Maritime software
  • Others

By Services:

  • Managed services
  • Consulting/customization services
  • Training services

By End-User:

  • Consumer and retail
  • Oil and gas
  • Industrial and manufacturing
  • Energy and mining
  • Aerospace and defense
  • Construction
  • Chemicals
  • Pharmaceuticals and Healthcare
  • Food and beverages
  • Others

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Waterway Transportation Software and Services Market Key Competitors include: 

  • SAP SE
  • Cognizant Technology Solutions Corp.
  • Accenture PLC
  • Veson Nautical Corporation
  • DNV GL (GL Maritime Software GmbH)
  • Aljex Software Inc.
  • Descartes Systems Group
  • HighJump Software Inc.
  • Trans-I Technologies Inc.
  • Bass Software Ltd.
  • Zero North
  • Zebra Technologies Corporation
  • Consolidated Grain & Barge Company
  • Florida Progress Corporation
  • Kirby Corporation
  • Acbl Holding Corporation
  • Ergon, Inc.
  • American Commercial Lines, Inc.
  • Ukpeagvik Inupiat Corporation
  • Safari Parent, Inc.

Key questions answered in the Waterway Transportation Software and Services Market are: 

  • What is Waterway Transportation Software and Services? 
  • What are the major drivers for the growth of Waterway Transportation Software and Services Market? 
  • What is the current growth rate of the Waterway Transportation Software and Services Market?  
  • What is the nature of competition in Freight and Logistics industry in developed and developing economies? 
  • Who are the key players in the Waterway Transportation Software and Services Market?
  • Who are the market leaders in Waterway Transportation Software and Services in Europe?
  • Who are the market leaders in Waterway Transportation Software and Services in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Waterway Transportation Software and Services Market? 
  • Who held the largest market share in Waterway Transportation Software and Services Market? 
  • What are the factors for the growth of Asia-Pacific region in Waterway Transportation Software and Services Market?
  • What are the restraints of the Waterway Transportation Software and Services Market?
  • Who held the largest market share of the Waterway Transportation Software and Services Market? 

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Deployment, Solution, Services, End-User and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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About Maximize Market Research:

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