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A deeper look at Smart Ports Market, Forecast to 2024

The global smart ports market is projected to reach USD 5.3 billion by 2024 from an estimated USD 1.7 billion in 2019, at a CAGR of 25.0% during the forecast period. Government policies & legislative mandates for illegal discharge & treatment of waste in the portu2019s adjoining lands, and the need for efficient data-driven decision making that can impact the overall efficiency of the ports and result in cutting down unnecessary costs are the primary factors driving the growth of this industry.

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A deeper look at Smart Ports Market, Forecast to 2024

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  1. Smart Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port Infrastructure, and Others), Throughput Capacity, Port Type, and Region - Global Forecast to 2024 www.MarketsandMarkets.com

  2. The report "Smart Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port Infrastructure, and Others), Throughput Capacity, Port Type, and Region - Global Forecast to 2024" The global smart ports market is projected to reach USD 5.3 billion by 2024 from an estimated USD 1.7 billion in 2019, at a CAGR of 25.0% during the forecast period. This growth can be attributed to factors such as an increasing introduction of green initiatives and the requirement of ports to comply with the environmental regulations that have been implemented by the governments of several nations. The usage of big data and cloud computing to cut down the carbon emissions and at the same time, boost internal operational efficiency is a major driving force for the market.

  3. The extensively busy segment is expected to be the largest smart ports market, by throughput capacity, during the forecast period. The extensively busy ports are expected to be the largest and the fastest growing market segment during the forecast period. Extensively busy ports generate a larger share of revenue when compared to that of the moderately and scarcely busy ports due to the large-size of operations in the former. This enables these ports to invest in the latest technologies to improve their operational coefficient. Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165784113

  4. The sea ports segment is expected to be the fastest growing segment of the smart ports market during the forecast period. Sea ports are situated out in the sea whereas inland ports are the ones that are situated in the inland waterways, like streams, rivers, and rivulets. Most commercial and passenger cruises dock in the sea ports, and thus the seaports have the lion’s share of the revenues in this segment. These ports invest their working capital in upgrading the condition by installing efficient technologies and smart solutions. Get 10% Customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=165784113

  5. Browse  >> 73 market data tables 38 figures 141 pagesand in-depth TOC on “Smart Ports Market - Global Forecast to 2024” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Asia Pacific to account for the largest share within the global smart ports market In this report, the smart ports market has been analyzed with respect to five regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific is estimated to dominate the global smart ports market in 2019, owing to the growth in the industrial, manufacturing, textile, pulp & paper, and power generation industries in countries such as China, Singapore, Hong Kong, and Japan. This lead to the massive growth in trade in the region, which in turn is expected to boost maritime activities in this region. Thus, a significant scope of growth and development in smart ports exists in these regions. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=165784113

  7. The report includes the profiles of some of the top players in the smart ports market to enable an in-depth understanding of the competitive landscape. Some of the key players are • Key players - • Royal Haskoning (The Netherlands), • IBM (USA), • ABB (Switzerland), • Trelleborg AB (Sweden), • Port of Rotterdam (The Netherlands), • and Abu Dhabi Ports (UAE).etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=165784113

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

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