Smart Ports Market Booming Worldwide with Latest Trend and Future Scope by 2029

The global smart ports market is estimated to grow at a CAGR of nearly 26.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the logistics sector and rising demand for automation in ports. A significant rise in the logistics sector has been witnessed in developed and developing countries owing to the rising international trade operations and increasing e-commerce industry. Due to the increase in cross-border e-commerce sales, the demand for maritime transportation has significantly increased over the years. The cross-border business-to-consumer (B2C) sales reached an estimated $412 billion in 2017, which is accounted for nearly 11% of total B2C e-commerce, a 4% hike as compared to 2016.

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The top ten countries by B2C e-commerce sales include China, the US, UK, and Japan with nearly $1,062 billion, $753 billion, $206 billion, and $147 billion, respectively. The cross-border e-commerce trade usually requires long-distance transport, which contributes to the demand for maritime transportation. As per the United Nations Conference on Trade and Development, nearly 80% of the international trade is carried out by commercial shipping. This, in turn, increases the need for port terminals to conduct transportation operations more efficiently.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2023-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Smart Ports Market- Segmentation

By Port Type

  • Cargo Ports
  • Sea Ports

By Throughput Capacity

  • Extensively busy (above 18 million Teu)
  • Moderately busy (5-18 million Teu)
  • Scarcely busy (below 5 million Teu)

By Technology

  • Internet of Things (IoT)
  • Blockchain
  • Artificial Intelligence (AI)
  • Process Automation

Global Smart Ports Market– Segment by Region 

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East and Africa

The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global smart ports market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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