Marine Management Software Market Overview:
The Marine Management Software Market Growth was valued at USD 1.61 Billion in 2021. The Marine Management Software industry is projected to grow from USD 1.86 Billion in 2022 to USD 3.94 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.64% during the forecast period (2022-2030).
Marine Management Software refers to computer programs and tools designed to help maritime industry businesses manage their operations. Examples of functions that can be managed with marine management software include fleet maintenance, inventory tracking, accounting, slip reservations, and customer management.
There are several providers of marine management software, offering different features and capabilities. Some notable providers in the market include BiT Marine Software, DockMaster, HarbaMaster, and PierVantage. Additionally, some software solutions like Molo Business Management Software provide a comprehensive set of tools designed to manage all aspects of a marine business.
Advantages of using marine management software include improved efficiency , reduced labor costs, and streamlined workflows. With the aid of technology, business owners can make informed decisions about their operations, and make use of real-time data to optimize their performance.
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The COVID-19 epidemic has had a detrimental effect on the world economy since it greatly affected several industries, including BFSI and IT & telecommunications. In several nations throughout the world, the epidemic has led to the installation of lockdown restrictions and travel bans, which have disrupted the distribution network for commodities and resources as well as demands. Additionally, trade restrictions, the closure of industrial facilities, a reduction in productivity, working capital issues, and a lack of employees have all contributed to a decrease in the cash flow margins of the worldwide industry’s players. Although big firms also suffered significantly, SMEs were most impacted. The international demand for maritime software solutions has also been influenced by COVID-19.
The epidemic has put the marine business through its greatest trying moment as a result of the suspension of all canal freight transit since there was a potential that the movement of these items from one port to another may have spread the virus, harming a huge number of industrial workers. Due to its extensive nature and effects on trading routes, which mostly involve international import and export commerce, this epidemic has had a significant worldwide influence on the shipbuilding sector. Additionally, a restriction has been placed on the majority of the ships and boxes that were being transported from China by different nations, which has made it difficult for these sectors to operate.
Marine Management Software Market Segmentation:
This market is segmented into the component, deployment mode, location, organization size, location, organization size, and application.
Based on Component
- Software
- Tracking and Monitoring
- Supply Chain and Logistics
- Navigation and Routing
- System Testing
- Finance and Accounting
- Other
- Services
- Professional Services
- Managed Services
Based on Deployment Mode
- On-Premise
- Cloud
Based on Location
- Onboard
- Onshore
Based on Organization Size
- SME
- Large enterprises
Based on Application
- Crew Management
- Harbor Management
- Port Management
- Cruise and Yacht Management
- Reservation Management
Based on End User
- Defense
- Commercial
Based on Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
Marine Management Software Market Regional classification:
Globally, North America, European, Asia-Pacific, Middle East & Africa, and South America regions make up the worldwide marine management software industry.
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Industry news:
Major players in Marine Management Software Market are Oracle (US), ABB (Switzerland), Matinecloud (Croatia), and Harba (Denmark).
Marine Management Software Market Key Players
- Oracle (US)
- ABB (Switzerland)
- DockMaster (US)
- Marina Master (Slovenia)
- Lloyd’s Register (UK)
- Marinacloud (Croatia)
- MarineCFO (US)
- Chetu (US)
- TIMEZERO (France)
- Scribble Software (US)
- Harba (Denmark)
- MESPAS (Switzerland)
- Dockwa (US)
- Swell Advantage (Canada)
- Marina Ahoy (Estonia)
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