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  • 16 October 2020 20:12

Maritime Cargo Digitization Market Forecast Revised as COVID-19 Estimated to Hold a Huge Impact on Sales in 2020: IBM, SAP, Oracle

Maritime cargo digitization is an important aspect in maritime shipping today. It offers noteworthy opportunities to the businesses involved in the industry. Shipping services and port are the major opportunistic areas of the domain. Maritime cargo digitalization includes combination of modernizations in artificial intelligence, integration of Internet of Things, block-chain, and automation. All of these processes help improve the existing processes, generates new opportunities for businesses, changes the dynamics of geography of trade, and supply chain. Besides advantages offered by these technologies and opportunities offered, maritime cargo digitalization also involves certain risks and costs to the key players involved in it. Smart logistics results in significant reduction of expenditure associated with inventory holdings. It also offers new business opportunities, such as the use of block-chain technology, cargo tracking, waste management, smart-capacity managing platforms, and more. Owing to optimization and extension process, maritime cargo digitalization transforms supply chain, manages transportation cost, and enhances overall efficiency.

Maritime cargo digitalization has been witnessing several improvements in the recent years, owing to which the businesses involved are experiencing more profits. These advancements are now hampered due to the existing COVID-19 crises. The pandemic has halted several key logistic services, supply of essential commodities to the needy, and presented obstacles for the business owners. Nevertheless, post pandemic is expected to offer more opportunities due to increased requirements by end users and customers, resulting in speedy pace of services.

Major Key Players of the Maritime Cargo Digitization Market are:
IBM Industries, SAP, Oracle, Atos Syntel, Hexaware Technologies Limited, Tech Mahindra Limited., Kintetsu World Express, Inc., ABB, Advantech Co., Ltd., and Mindtree Ltd., among others.

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To obtain better insights regarding the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers, and companies. For instance, In August 2018, Maersk and IBM announced the creation of TradeLens, jointly developed by the two companies to introduce blockchain into the global supply chain market.

Seaborne trade is consistently growing globally owing to the high demand for different goods & services. According to the United Nations Conference on Trade and Development (UNCTAD), seaborne trade volumes reached 10.7 billion tons in 2017. Moreover, the shipping industry is mainly dominated by the key players who are capable of bearing the cost of fully-automated and digitized systems. A significant number of small players are yet to integrate digitized systems on a large scale. This will lead to market growth across the world.

Major Applications of Maritime Cargo Digitization covered are:
Operational Planning
Transportation Intelligence, and Fleet Management

Research objectives:-

– To study and analyze the global Maritime Cargo Digitization consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Maritime Cargo Digitization market by identifying its various sub-segments.
– Focuses on the key global Maritime Cargo Digitization manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Maritime Cargo Digitization with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Maritime Cargo Digitization Market Size
2.2 Maritime Cargo Digitization Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Maritime Cargo Digitization Market Size by Manufacturers
3.2 Maritime Cargo Digitization Key Players Head office and Area Served
3.3 Key Players Maritime Cargo Digitization Product/Solution/Service
3.4 Date of Enter into Maritime Cargo Digitization Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Maritime Cargo Digitization Sales by Product
4.2 Global Maritime Cargo Digitization Revenue by Product
4.3 Maritime Cargo Digitization Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Maritime Cargo Digitization Breakdown Data by End User

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In the end, Maritime Cargo Digitization industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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