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The Harbor Management Software Market size is estimated to grow at a CAGR of 7.17% between 2022 and 2027. The market size is forecast to increase by USD 21,630.16 thousand. The growth of the market depends on several factors, including the growing adoption of cloud-based harbor management software, enhanced harbor security and safety, and the need to improve business efficiency. Harbor management software, also known as port management software or maritime management software, is a specialized software solution designed to facilitate the efficient and effective management of harbor and port operations. It plays a crucial role in overseeing the various activities that occur within a harbor or port, ranging from vessel traffic management to cargo handling, safety, security, and environmental compliance.
This harbor management software market report extensively covers market segmentation by end-user (SMEs and large enterprise), deployment (on-premises and cloud), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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One of the key factors driving the harbor management software market growth is the need to improve business efficiency. The main advantage of the harbor management software is that it helps the administrators manage the harbor more efficiently, which results in the higher adoption of this software among harbors. The harbor management software offers a real-time graphical view of the harbor. In addition, this graphical view comprises color coding, which represents the vacant berth, berth allocated to the upcoming vessel, and vessels parked in the berth.
Moreover, this software enables the end-users to make instant decisions while allocating berths to any upcoming vessel thereby improving the supply chain efficiency. Furthermore, other features of the software include customized invoicing based on up-to-the-minute information, automatically uses ship-specific information, and offers pilot on/off times for use in invoice calculation. Hence, such advantages are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.
A key factor shaping the harbor management software market growth is the increase in seaborne trade. Several countries are planning for the expansion of seaborne trade by taking initiatives like expanded Panama Canal and Suez Canal and One Belt-One Road initiatives. As a result, it will positively impact the seaborne trade which, in turn, will reshape the world's shipping network.
Moreover, the advent of the fourth industrial revolution is generating significant opportunities for countries and maritime transport. As a result, it will fuel the seaborne trade which will result in an increase in vessel traffic in the sea and harbors. Thus, there will be an increase in the adoption of harbor management software in order to manage the traffic at harbors and sea which is positively impacting the market. Hence, such factors are expected to drive the market growth during the forecast period.
Lack of training in harbor management software is one of the key challenges hindering the harbor management software market growth. The process of integration of the harbor management software across enterprises is complex and it needs extensive training in order to understand all of its functionalities. As a result, it significantly slows down the process of extracting the required information, thereby minimizing the efficiency of the harbors.
Moreover, there is a lack of adoption of harbor management software in developing countries such as China and Brazil due to the lack of proper training in harbor management software. Furthermore, there is a lack of awareness among market players in these countries regarding the advantages of this software. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.
The SMEs segment is estimated to witness significant growth during the forecast period. There is an increasing adoption of harbor management software across SMEs in order to optimize their operations, reducing manual paperwork and administrative tasks. Therefore, it results in cost savings through better resource allocation and enhanced overall efficiency. In addition, this software helps to improve customer service by offering real-time information about vessel arrivals and departures, berth availability, and cargo handling.
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The SMEs segment was the largest segment and was valued at USD 30,470.12 thousand in 2017. One of the essential aspects of the maritime industry is the data-driven decision-making. The main advantage of harbor management software is that it enables to collection and analysis of data on operations, enabling SMEs to make informed decisions, optimize routes, and plan for maintenance and repairs. In addition, it provides various other benefits including scalability and flexibility can adapt to the changing needs of a growing enterprise. There is an increasing adoption of harbor management software across SMEs due to its features such as access control and surveillance integration which can improve security measures. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
The security and customization offered by the on-premise segment will increase the market growth. This segment is often purchased by end-users and is installed on their servers. However, there is a limited adoption of the on-premise segment across SMEs due to the high cost of implementation, maintenance, and upgradation of this solution. In addition, several market players are launching cloud-based harbor management software which is impacting the growth of this segment as well. However, there is a growing popularity of the on-premise segment across harbor managers because this solution is secured and can be controlled easily. Furthermore, this segment can be customized based on the needs and preferences of the end-user. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that are significantly contributing to the growth of the global harbor management software market in North America is the early adoption of advanced technology in countries such as the US and Canada as well as the use of mobile devices and the growing global e-commerce trade. There is an increasing adoption of harbor management software by several companies in North America in order to improve their business processes to enhance customer satisfaction and gain competitive advantages in the global market. One of the main countries in North America which are significantly contributing to the market growth in North America is the US due to the strong presence of software market players in the region. Hence, such factors are expected to drive market growth in North America during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global harbor management software market witnessed a significant slowdown due to the shutdown of several companies, transportation, and educational institutions in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of trade and economy. Such factors are expected to drive the market during the forecast period.
The harbor management software market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Harbor Management Software Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accel KKR: The company offers harbor management software solutions through its subsidiary Navis LLC.
DockMaster: The company offers harbor management software such as marinas, boatyards, and boat dealers.
George James Software Ltd: The company offers harbor management software such as deltanji source control, tools, and consulting.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The harbor management software market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Harbor Management Software Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.17% |
Market growth 2023-2027 |
USD 21,630.16 thousand |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.67 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, Japan, China, UK, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accel KKR, DockMaster, George James Software Ltd., Harba ApS, Leonardo Spa, Harbour Mastery Inc., Havenstar MMS Ltd., J.F. Brennan Company Inc., James Fisher and Sons Plc, Mission Critical Software LLC, Nautical Software Solution, Online Mooring LLC, Pacsoft International Ltd., Saab AB, Scribble Software Inc., Tallykey AS, TPG Marine Enterprises LLC, Wartsila Corp., Marina Master, and Harbour Assist |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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