Marine Fleet Management Software Market (Component: Software and Services; Deployment: Premise-based Deployment and Cloud Deployment; and End User: Ports & Terminals and Maritime Freight Forwarders)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Marine Fleet Management Software market gathered revenue around USD 1.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10% during the prediction period 2021 to 2027.

Report Coverage

Marine fleet management software is used to enhance the efficiency of fleet operations and identify the vital operational insights from ship management data. Data smart marine fleet management software are required to efficiently manage a modern fleet of hundreds of vessels. A solution based on an integrated approach can provide the insight that is required to gain efficiency, reduce OPEX, and remain competitive in the maritime market. Marine fleet management software is normally deployed by fleet management companies that handle aspects such as crew management and day-to-day operations. This gives ship owners and managers time to focus on cargo booking. Marine fleet management software includes modules such as maintenance management, operations management, inventory management, crew management, safety management, finance management, and purchase management. The rising demand for marine fleet management solutions with broad functional coverage and flexible modular structure from the shipping industry is expected to drive the growth of the market. Organizations investing in platforms or tools to be used in centralized administration of data is boosting the growth of the marine fleet management software market.

Marine fleet management software stores information of customers and products in the software database that can be used before starting export & import activities from one country to another. The fleet used in export & import activities is incorporated with advanced marine fleet management software.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Marine Fleet Management Software market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Marine Fleet Management Software market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Marine Fleet Management Software market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Marine Fleet Management Software Market: Prominent Regions

North America is projected to expand in the marine fleet management software market during the forecast period, due to rise in eCommerce exports and imports. Besides, digitization has significantly enhanced the efficiencies of shipping companies by enabling the integration of artificial intelligence technologies, blockchain, and machine learning, along with the shipping and marine fleet management software. Growing dependency on innovative technology and better software to enhance operations are driving the marine fleet management software market. Furthermore, shipping companies are deploying new and advanced software that support the enhancement of supply chain and logistics services for volume shipments, tradeshow exhibits, sensitive products, and product returns. In the dynamic business environment where numerous technological advancements are taking place each day, it is necessary for logistics companies to align their strategies in line with the technological shifts. These factors subsequently support the rise in marine fleet that, in turn, augments the growth of the marine fleet management software market in the North America region.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Some of the prominent players in the Marine Fleet Management Software Market include: ABS Group of Companies, Inc., BASS Software Ltd., ConnectShip, Inc., DNV GL, Hanseaticsoft GmbH, JiBe ERP, Kongsberg Maritime, MariApps Marine Solutions Pte Ltd, Matrid Technologies, Micromarin, Norcomms, SBN TechnoLogics Private Limited, Seaspeed Marine Management LLC., SERTICA, Shipamax Ltd., ShipNet, Softcom Solutions (UK) Ltd., SpecTec, Star Information System, Tero Marine, and Veson Nautical LLC.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Marine Fleet Management Software Market: Segmentation

Marine Fleet Management Software Market, by Component

• Software
• Safety Management
• Document/Form Management
• Procurement Management
• Environment Management
• Accounting/Billing & Compliance Management
• Navigation & Tracking Management
• Others (Asset/Inventory Management, Crew Management, Etc.)
• Services
• Training & Consulting
• Integration & Implementation
• Support & Maintenance

Marine Fleet Management Software Market, by Deployment

• Premise-based Deployment
• Cloud Deployment

Marine Fleet Management Software Market, by End User

• Ports & Terminals
• Maritime Freight Forwarders

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

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

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Highlights of the Report:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Marine Fleet Management Software market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Marine Fleet Management Software market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Marine Fleet Management Software markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

• CEOs, VPs, market intelligence managers
• Procuring and national sales managers technical personnel, distributors and resellers
• Research analysts and key opinion leaders from various domains

Key Points Covered in Marine Fleet Management Software market Study:

• Growth of Marine Fleet Management Software in 2021
• Market Estimates and Forecasts (2017-2027)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Marine Fleet Management Software and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Marine Fleet Management Software Consumption Analysis
•  Marine Fleet Management Software Production Analysis
•  Marine Fleet Management Software and Management