Dublin, Jan. 13, 2025 (GLOBE NEWSWIRE) — The “Maritime Information – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Maritime Information was valued at USD 20.6 billion in 2023 and is projected to reach USD 23.2 billion by 2030, growing at a CAGR of 1.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends. drivers and forecasts, helping you make informed business decisions.
The growth in the Marine Information market is driven by several factors that are reshaping the marine industry. One of the main drivers is the increasing complexity of global shipping operations and the need for real-time information to manage these operations effectively. The integration of advanced technologies, such as satellite communication, big data analytics, and IoT, is enhancing MIS capabilities, making them more valuable to stakeholders. Growing emphasis on maritime safety and the need to comply with stringent environmental regulations are also contributing to the growth of the market.
Additionally, the growth of global trade and the expansion of shipping lanes are driving the demand for comprehensive maritime information solutions that ensure safe and efficient operations. The need for transparency and accountability in maritime operations is further driving the adoption of MIS as stakeholders seek to improve their governance practices and reduce operational risks.
What is driving the demand for marine information systems?
The maritime industry is undergoing a significant transformation, driven by the growing need for accurate and timely information. Maritime Information Systems (MIS) are becoming indispensable tools for ensuring safe and efficient maritime operations. These systems provide a full range of data, including vessel tracking, weather forecasts and navigation charts, which are essential for maritime safety and operational efficiency.
The growth of global trade, along with the expansion of shipping routes, has increased the demand for real-time maritime information to improve decision-making and reduce risks. Additionally, growing concerns about maritime safety, environmental regulations and the need for compliance with international standards are further driving the adoption of advanced MIS solutions.
How is technology improving maritime information systems?
Technological advances are playing a crucial role in the evolution of Maritime Information Systems, making them more sophisticated and reliable. The integration of satellite communication and GPS technology has significantly improved the accuracy of ship tracking and navigation.
Furthermore, the use of big data analytics in MIS enables the processing and analysis of large amounts of maritime data, providing actionable insights for route optimization and predicting potential risks. The advent of the Internet of Things (IoT) has also enhanced MIS capabilities, allowing real-time monitoring of vessel conditions and cargo status. Furthermore, the implementation of blockchain technology is ensuring data security and transparency in maritime operations, reducing the risk of fraud and increasing trust between stakeholders.
Why End Users Adopt Maritime Information Systems?
The adoption of Maritime Information Systems is being driven by the evolving needs of various stakeholders within the maritime industry. Transportation companies are increasingly relying on MIS to optimize routes, reduce fuel consumption, and increase operational efficiency. Port authorities and logistics providers are adopting these systems to improve port operations, manage traffic and ensure timely handling of cargo.
The need for compliance with environmental regulations, such as reducing sulfur emissions, is also encouraging the adoption of MIS for monitoring and reporting emissions data. Additionally, maritime security agencies are using these systems for vessel tracking, surveillance and risk assessment, thereby enhancing maritime safety and security. The growing focus on sustainability and the need to minimize environmental impact are also driving the adoption of MIS across the industry.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD million from 2023 to 2030.
- In-depth regional analysis: Detailed insights into key markets, including the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
- Company Profiles: Covering major players like BAE Systems Plc, Elbit Systems Ltd., Intelsat Corp., and more.
- Complementary updates: Get free report updates for a year to keep you informed of the latest market developments.
Main attributes:
| The report attribute | The details |
| Number of pages | 174 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 20.6 billion dollars |
| Projected market value (USD) by 2030 | 23.2 billion dollars |
| Compound annual growth rate | 1.8% |
| Regions covered | global |
Main topics covered:
MARKET SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Global economic update
- Marine Information – Major Global Competitors Market Share Percentage to 2024 (E)
- Competitive market presence – strong/active/country/irrelevant for worldwide players in 2024 (E)
MARKET TRENDS AND RIGHTS
- The growing need for real-time marine data and analytics
- Impact of Maritime Safety Regulations
- Adoption of Advanced Navigation and Communication Systems
- Trends in autonomous transport and smart ships
- Increasing use of satellite and IoT in maritime operations
- Requirements for Environmental Monitoring and Compliance Solutions
- The Role of Big Data and AI in Maritime Decision Making
- Impact of Global Trade Dynamics on Maritime Information Systems
- Increased Emphasis on Port Automation and Efficiency
- Development of Integrated Maritime Information Systems
- Trends in Maritime Cyber Security Solutions
- Impact on Maritime Safety and Search and Rescue Operations
FOCUS ON SELECTED PLAYERS (Total 36 featured)
- BAE Systems Plc
- Barley Systems Ltd.
- Intelsat Corp.
- International Registries, Inc.
- Iridium Communications Inc.
- Maxar Technologies Ltd.
- Nisshinbo Holdings Inc.
- Northrop Grumman Corporation
- ORBCOMM Inc.
- SAAB AB
- Spire Global, Inc.
- Synergy Marine Group
- Teledyne Technologies Inc. (Teledyne Marine)
- Thales Group
- Windward Limited
For more information about this report, visit https://www.researchandmarkets.com/r/a1bn09
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Marine Information Market
