Europe smart ports market is expected to grow at a CAGR of around 10% during the forecast period. The existing ports in Europe are no longer able to compete on size and a strong need to shift towards smart operations is required thereby driving the market during forecast year. Additionally, faster delivery speeds and lower costs of these ports is further propelling the market in the region.
The Europe smart ports market is segmented based on element, throughput capacity, technology, company and country. Based on element, the market can be categorized into terminal automation & cargo handling, port community system, traffic management system, smart port infrastructure and smart safety & security. The smart port infrastructure segment is expected to witness substantial growth during forecast period since infrastructure allows automating a port's operations completely. Based on technology, the market can be fragmented into process automation, IoT, artificial intelligence and blockchain. IoT is expected to dominate the market during forecast period owing to its better traceability, efficiency. IoT has helped the shipping industry to develop a better business model through the inclusion of subscriptions, apps, among others.
Major players operating in the smart ports market include IBM Corporation, ABB Ltd., Royal Haskoning, Trelleborg AB, Port of Rotterdam, Accenture Port Solutions, Cisco IoT Solutions and others. The companies are developing advanced technologies to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of Europe smart ports market.
- To classify and forecast Europe smart ports market based on element,
throughput capacity, technology, company and
regional distribution.
- To identify drivers and challenges for Europe smart ports market.
- To examine competitive developments such as expansions, new services,
mergers & acquisitions, etc., in Europe smart ports market.
- To conduct pricing analysis for Europe smart ports market.
- To identify and analyze the profile of leading players operating in
Europe smart ports market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the region. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the region.
TechSci
Research calculated the market size of Europe smart ports market using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Smart ports service providers
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
smart ports
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, Europe smart ports market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Element:
- Terminal
Automation & Cargo Handling
- Port
Community System
- Traffic
Management System
- Smart
Port Infrastructure
- Smart
Safety & Security
- Market, By Throughput Capacity:
- Extensively
Busy
- Moderately
Busy
- Scarcely
Busy
- Market, By Technology:
- Process
Automation
- IoT
- Artificial
Intelligence
- Blockchain
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Europe smart ports market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]