Global Marine & Marine Management Software Market

By Author: Rupali Dagade
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Global Marine & Marine Management Software Market size was valued at US$ 1.37 Bn. in 2019 and the total revenue is expected to grow at 11.3% through 2021 to 2027, reaching nearly US$ 3.23 Bn.

Global Marine & Marine Management Software Market Overview:

The Global Marine & Marine Management Software Market was valued at US$ 1.53 billion in 2020. Marine and marine management software, according to Dock Master, is a scalable and adaptable management system with seamlessly linked modules tailored to match the company's specific demands. Furthermore, it is the only complete marine management solution that operates on Microsoft Windows and does not require any third-party plug-ins.

Factors that are driving the global adoption of marine and marine management software and services, including the increasing need to efficiently manage complex supply chain operations, the increased sustainability of the marine software industry, and the growing demand for centralised data administration to reduce overall shipment costs and improve dockyard productivity.

COVID-19 impact on the global marine and marine ...
... management software market

COVID-19 is causing havoc in the world, businesses, and economies, affecting people's lives, interactions, and the way they run their businesses. As businesses turn their focus away from development prospects and toward implementing extraordinary measures to limit the impact of the COVID-19 pandemic, the ability to sustain has become the new normal. Due to this reason, upcoming projects have been put on hold owing to the pandemic; the rivalry among big maritime software businesses is expected to be intense. As a result, numerous companies will compete for a single project.

Global Marine & Marine Management Software Market Dynamics:

Rising efficiency and increase sustainability across the marine industry: The maritime industry must deal with dynamic market conditions and complex operating procedures. The industry is eager to apply digital technology to shipping logistics as an opportunity to simplify operations, build smarter ships and fleets, and better prepare for global growth. As consumer demand increases, global supply chains are rising and becoming more complex. Greater demand for products, ingredients, and raw materials directly translates into increased environmental impact. In today's highly competitive market, the marine industry must adopt new methods to simplify the supply chain and optimize productivity. Marine software is integrated with innovative technologies such as artificial intelligence, big data and analytics, enabling end users to digitally organize inventory data, monitor and manage transportation and tracking information, and easily create electronic invoices. Marine software companies can save time and money by reducing the time spent shipping, receiving, tracking, and generating order data. Furthermore, more strict environmental standards continue to impact the maritime transportation sector, as transporters strive to maintain service levels while lowering costs and ensuring operational sustainability.

Increasing risk associated with cyber threats: Due to the limited ability of companies to adequately protect themselves by restricting travel and maintaining social distancing, cyber attacks in shipping increased during the COVID-19 crisis. As ships and ports become better connected and further integrated into IT networks, the implementation and strengthening of cyber security measures is becoming an important priority. As these ships follow satellite routes during their voyages, the ship software in ships worldwide increases the risk of cyber threats. Due to greater reliance on electronic transactions and an increasing shift to virtual interactions at all levels, cyber-security risks may continue to increase significantly.

Increasing adoption of cloud-based technology: As companies increasingly implement cloud-based terminal software and applications (such as port and crew management) in their businesses, the impact of technology on the marine industry will grow in the coming years. From crew and training to procurement and refueling, ocean management includes all support services that enable the terminal to operate at sea. Companies are now accepting the myriad benefits provided by different technologies, one of which is cloud computing. Cloud computing technology makes the operation, communication and collaboration of global employees easier. Cloud-based solutions provide the latest version, latest features and fast support worldwide. Cloud-based marine software enables customers to focus on their business, immediately resolve any incoming issues, automate software version upgrades, and provide strict security measures.

Global Marine & Marine Management Software Market Segment Analysis:

On the basis of component, the global marine & marine management software market is sub-segmented into Software, Services. The software segment held largest market share of xx% in 2019. The adoption of marine software is becoming increasingly important for the shipping sector, since it allows enterprises to automate and track vessel performance while also increasing overall productivity. On a consolidated dashboard, the maritime programme allows administrators to track orders, generate shipping manifests, obtain insights into performance statistics, and uncover new business prospects.

On the basis of deployment, the global marine & marine management software market is sub-segmented into Cloud, On-Premises. The cloud segment held largest market share of more than 65.0% in 2019. Because the data generated by the software is stored in the cloud, which is available to all departments, cloud-based digital identity solutions activities are emerging as an emerging trend in the digital industry.

The on-premise segment is second dominant segment and it held xx% of share in 2019, owing to easy integration with existing IT infrastructure and it has high level of data security. Ownership and control of the hardware, data, and software platform are all advantages of on-premise digital identity solutions market.

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On the basis of organization size, the global marine & marine management software market is sub-segmented into large enterprises, SMEs. The cloud-based solutions and services assist SMEs improve business performance and efficiency, the market for SMEs is likely to grow at a faster rate of xx% throughout the forecast period. Due to the affordability and acceptability of emerging technologies such as AI, big data, and Block chain, the large enterprises sector is likely to hold a bigger market share in the marine and marine management software market over the forecast period.

On the basis of application, the global marine & marine management software market is sub-segmented into Crew Management, Port Management, Harbor Management, Reservation Management, Cruise and Yacht Management. The crew management segment held large market share of xx % in 2019, owing to the increased need for marine enterprises to track crew performance and increase overall productivity. Crew management aids in work assignment, hiring, and performance tracking. Crew management aids in the assignment of the right personnel to the correct jobs. It's also used to manage crews on marinas, ships, and vessels, as well as track labor hours. It is critical for optimizing operations and tracking the performance of crew members in many departments, such as the maintenance and inventory management team.

On the basis of end user, the global marine & marine management software market is sub-segmented into Commercial, Defense. The defense segment held largest market share of xx % in 2019. Naval and military ships that employ marine software to handle naval operations and protect defence communication systems from cyber attacks are considered defence end users. Defense end users employ marine software and services to improve their ships at lower costs and with a shorter production cycle, resulting in increased fleet availability and adaptability in the future.

The report has covered the market trends from 2015 to forecast the market through 2026. 2019 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Marine & Marine Management Software Market Regional Insights:

The North America region held largest market share of xx% in 2019. The rising technological improvements in the region are key factors encouraging the growth of the marine software market in North America. The industry is likely to grow further due to the increasing number of marine software companies across geographies.

APAC is the second dominant region and it held xx % of market share in 2019. Smaller marine software manufacturers now have more opportunities to introduce marine software to a variety of shipping businesses. Companies in APAC are continuing to improve their shipping operations in order to boost market competitiveness and revenue development. In the marine and marine management software market, China, India, and Singapore have all shown significant development potential.

Recent development:

• ABS Group of Companies, Inc. partnered with iMarine Software LLC, a provider of cloud-based e-procurement systems, to provide procurement solutions for the shipping industry in March 2021.

• SERTICA collaborated with Hapag-Lloyd AG, a German international shipping and container transportation company, to implement fleet management software for 70 plus vessels in March 2021.

• DNV GL and MSC Software, a provider of computer-aided engineering simulation software and services to build ships and offshore constructions more effectively, announced cooperation in February 2020.

The objective of the report is to present a comprehensive analysis of the global Marine & Marine Management Software market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Marine & Marine Management Software market dynamics, structure by analyzing the market segments and projects the global Marine & Marine Management Software market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Marine & Marine Management Software market make the report investor’s guide.

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Global Marine & Marine Management Software Market Scope: Inquire before buying

Global Marine & Marine Management Software Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Marine & Marine Management Software Market Key Players

• Oracle
• ABB
• DockMaster
• Marina Master
• Marinacloud
• Lloyd's Register
• TIMEZERO
• Scribble Software
• MarineCFO
• Chetu
• MESPAS
• Dockwa
• Swell Advantage
• Marina Ahoy
• Harba
• Harbour Assist
• Havenstar
• Gestalt Systems
• Seahub
• BlueShell
• Raymarine
• Ayden Marine
• OceanManager
• Innovez One
• RMS
• Nautical Software
• CorVant

Frequently Asked Questions:

1. Which region has the largest share in Global Marine & Marine Management Software Market?

Ans: North America region holds the highest share in 2019.

2. What is the growth rate of Global Marine & Marine Management Software Market?

Ans: The Global Marine & Marine Management Software Market is growing at a CAGR of 11.3 % during forecasting period 2021-2027.

3. What segments are covered in Global Marine & Marine Management Software Market?

Ans: Global Marine & Marine Management Software market is segmented into component, deployment, organizational size, location, application, end user and region.

4. Who are the key players in Global Marine & Marine Management Software Market?

Ans: The important key players in the Global Marine & Marine Management Software market are - Oracle, ABB , DockMaster , Marina Master , Marinacloud, Lloyd's Register, TIMEZERO, Scribble Software, MarineCFO , Chetu , MESPAS , Dockwa , Swell Advantage , Marina Ahoy, Harba, Harbour Assist, Havenstar, Gestalt Systems, Seahub , BlueShell, Raymarine, Ayden Marine , OceanManager, Innovez One, RMS, Nautical Software, CorVant .

5. What is the study period of this market?

Ans: The Global Marine & Marine Management Software market is studied from 2019 to 2027.

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