Maritime Analytics Market

Maritime Analytics is the collection, storage, and analysis of information from sea vessels or land-based sensors. The data collected can be used to improve the efficiency of maritime operations and increase revenue. It can also be used to forecast the future condition of a vessel. In the last few decades, there has been a rise in the use of sensor technology and other digital communication channels in the maritime industry. This has led to the development of maritime analytics solutions that help commercial users track and analyze shipping activity and its impact on cargo transportation. A modern, flexible maritime data platform unites scalability and interactivity to process massive amount of AIS data records with a sub-second update rate. It also adapts to any spatial-temporal data that can be visualized, such as vessel tracking, ocean wave data, and weather information.

Market Dynamics:

Increasing demand for enhanced shipping operations is driving the global maritime analytics market. This is primarily due to the need for improved business processes and increased efficiency in the shipping industry. 

However, high cost related to complexity of these solutions is expected to hinder growth of the global maritime analytics market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global maritime analytics market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global maritime analytics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Inmarsat GHL (Connect Bidco Limited), Windward Limited, Amplify Mindware Private Limited, Spire Global, Inc., ProGen Business Solutions Private Limited, Spark Cognition Inc., Wartsila Oyj Abp, Prisma Electronics SA (Laros), U-Ming Marine Transport Corporation, and ABB Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global analytics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global analytics market

Detailed Segmentation:

• Global Maritime Analytics Market, By Application
  • Predictive and Prescriptive Maintenance
  • Voyage Operations
  • Fleet Management
  • Other Applications
• Global Maritime Analytics Market, By End User
  • Government
  • Commercial
• Global Maritime Analytics Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Windward Limited
  • Spire Global, Inc
  • Spark Cognition Inc.
  • Prisma Electronics SA (Laros)
  • ABB Ltd
  • U-Ming Marine Transport Corporation
  • Wartsila Oyj Abp
  • ProGen Business Solutions Private Limited
  • Amplify Mindware Private Limited
  • Inmarsat GHL (Connect Bidco Limited)