Waterway transportation software solution market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing partnerships in the water trade have resulted in new markets, especially in the developing economies of Asia-Pacific and the Middle East & Africa, which is driving the global market growth. In June 2023, Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Sarbananda Sonowal has launched the online dredging monitoring system, known as ‘SAGAR SAMRIDDHI’ with the aim of accelerating the Ministry’s ‘Waste to Wealth’ initiative.
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In April 2023, Serbia’s government announced to invest 28 million euro ($30.6 million) in the development of river transport infrastructure across the country as part of the Sail Through Serbia government initiative. Additionally, in December 2022, Gov. John Bel Edwards declared a historic public-private partnership between Louisiana, the Port of New Orleans, and two global maritime industry leaders to build a $1.8 billion state-of-the-art container facility on the Lower Mississippi River. The new Louisiana International Terminal (LIT) in St. Bernard Parish would be able to serve vessels of all sizes, dramatically increasing Louisiana’s import and export capacity. This is expected to create ample growth opportunities for the forecast period. Establishment of transportation infrastructure in developing countries along with development of new ports in development economies is further promoting the market development.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Waterway Transportation Software Solution Market Report Segment
By Deployment
- On-premise
- Cloud
By End-user Vertical
- Retail & Consumer Goods
- Oil and Gas
- Manufacturing and Industrial
- Aerospace and Defense
- Chemical
- Construction
- Food and Beverage
- Other (Healthcare)
Global Waterway Transportation Software Solution Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global waterway transportation software solution market. Based on the availability of data, information related to new product launches, 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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