Pune, India, Jan 2022, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Marine Management Software Market.
Marine Management Software Overview
The global marine management software market is expected to register a CAGR of ~10.6% during the forecast period, 2021–2028. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the marine management software market to offer a better glimpse into the coming years.
The major factors driving the growth of the marine management software market are the rising need for managing complex supply chain operations and database management solutions and increasing demand for waterway transportation activities. However, issues related with cyber threats is hindering the market growth. Although, growing adoption of cloud-based marine management solutions is creating an opportunity in the market.
The global marine management software market has been segmented based on component, deployment mode, location, organization size, application, end user and region.
By component, the global marine management software market has been divided into software and services. The software segment is further bifurcated into tracking and monitoring, supply chain and logistics, navigation and routing, system testing, finance and accounting and other. The services segment is further divided into professional services and managed services. The different types of software offers different functions to the marine industry. These software helps the ship-owners and managers to easily track vessel performance and enhance the overall productivity. It enables to track and monitor the complete transportation process, navigate and route the ship directions, efficiently perform supply chain and logistics operations and others functions such as system testing, financing and accounting.
Based on deployment mode, the global marine management software market has been segmented into on-premise and cloud. The on-premise marine management software offers an easy and effortless way to manage the marine operations. This allows the user to handle various aspects of the business from one place. On the other side, the cloud based marine management software delivers value to the marine industry in three ways: first it helps reduce IT costs, secondly it enables cheap, reliable and efficient collection, storage and analysis of data, and lastly it helps to deliver advanced technologies on the top of this ingestion and storage layer and helps turn the raw data into actionable knowledge with cross querying and business intelligence services. The cloud based software offers a fully managed, pay-per-use and scalable solution to the marine industry as well as reduce the complexities and cost of managing and synchronizing the on-premise databases.
Based on location, the global marine management software market has been segmented into onboard and onshore. The on-board marine management software helps the ship-owners and managers to easily and efficiently handle their majority of the administrative task. The off-shore marine management software helps to reduce risks, minimize environmental impact and enhance performance.
Based on organization size, the global marine management software market has been segmented into SME and large enterprises. The marine management software offered to both the small, medium enterprises and large enterprises offers different features such as routing, accounting, crew management, scheduling, storage management and others.
Based on application, the global marine management software market has been segmented into crew management, harbor management, port management, cruise and yacht management, and reservation management. The crew management deals with sourcing, recruiting, selecting, training, deployment and other upgrading programs. It is responsible for manning of vessels under a crew management contract. The harbor management manages all the movements of the ships entering and leaving out of the harbor. The port management deals with managing ports by keeping them organized, supervised and functioned to ensure smooth transactions. The cruise and yacht management involves hospitality training and prior experience in a restricted area. The reservation management is a digital application that manages the property bookings by storing and collecting the past, present and future information and helps the managers and ship-owners take better decisions.
Based on end user, the global marine management software market has been segmented into defense and commercial. The defense end user segment consist of naval ships and military ships that makes use of the marine management software to manage the naval operations and offer safety to the defense communication system from cyberattacks. The commercial segment implement the marine management software to organize and help the managers analyze every function of the transportation process.
The global marine management software market is characterized by the presence of several regional and local providers. Some of the key players in the market are Oracle (US), DockMaster (US), ABB (Switzerland), Marinacloud (Croatia), Lloyd's Register (UK), Marina Master (Slovenia), MarineCFO (US), Chetu (US), TIMEZERO (France), Scribble Software (US), Harba (Denmark), MESPAS (Switzerland), Dockwa (US), Swell Advantage (Canada), Marina Ahoy (Estonia).
The regional analysis for the global marine management software market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2020, and it is expected to register strong growth during the forecast period. However, the APAC area is experiencing tremendous growth due to growing adoption of modern technologies, as well as the increasing numbers of small and medium enterprises (SMEs). The major APAC countries are technologically advanced and provide significant investment and income potential.