This report is accomplished and comprehensive research of the Waterway Transportation Software Solutions Market 2019-2024 based on the major regional market situations, key driving factors, major competitors, and the size & scope of the market. The Waterway Transportation Software Solutions Market Research Report is a valuable source of perceptive data for business strategists. It delivers the Market outline with growth study and antique & revolutionary cost, revenue, and demand. The Market Report is designed to include both qualitative and quantitative aspects of the company for each region and country participating in the study.
Top Manufacturers of Waterway Transportation Software Solutions Market Research Report 2019-2024:
- SAP SE
- Cognizant Technology Solutions Corp
- Accenture PLC
- Veson Nautical Corporation
- DNV GL (GL Maritime Software GMBH
- Aljex Software Inc.
- Descartes Systems Group
- HighJump Software Inc
- Trans
- i Technologies Inc
- Bass Software Ltd
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Summary for Waterway Transportation Software Solutions Market Report:
The global waterway transportation software solutions market is expected to register a CAGR of 9.01%, during the forecast period 2019 - 2024. Transportation plays a vital role in the development of any economy. With changing demands, all transportation modes have become more cost-effective, reliable, and efficient.
- The market studied is primarily driven by the increasing demand for global heavy freight transportation. The rise in the standards of the transportation processes has boosted the growth of the market studied. Additionally, the increasing popularity of containerization and the rise of new ports have influenced the growth of the market studied. The introduction of containerization has brought about a dramatic shift in the industry.
- New technological developments, such as machine-to-machine (M2M) communication and introduction of containerization, have transformed the transportation industry, with drastic changes in the waterway transport. These technologies are significantly transforming the work patterns in shipping organizations.
- Several countries have been regularly trying to upgrade and build cruise vessels. For instance, in May 2017, in India, Kerala Shipping and Inland Navigation Corporation (KSINC) planned to launch the state’s first seagoing cruise vessel, Nefertiti, by December 2017, to cater to the rising number of tourists.
- The increasing partnerships in the waterborne trade have resulted in the development of new markets, in the developing economies of Asia-Pacific and Middle East & Africa. Developing countries, such as China and India, are responsible for the demand shift, thereby propelling the market’s growth. In addition, the development of various new sea routes and seaports across the globe provides growth opportunities, for the market studied.
Scope of Waterway Transportation Software Solutions Market Research Report 2019-2024
Waterway transportation software are solutions used to track and manage freight transport via a barge, boat, ship or sailboat, over a body of water, such as a sea, ocean, lake, canal or river.body of water, such as a sea, ocean, lake, canal or river.
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Key Market Trends
Retail Sector is Expected to Show Significant Growth
- The retail industry is a fast-growing and highly competitive segment. This sector deals with a wide range of products, which have specific requirements regarding the processing of the order.
- In the United States, retail sales have been witnessing significant and consistent growth over the past few years. This industry is seeking effective solutions to increase efficiency. Moreover, the sector is investing highly on the supply chain, so as to remain competitive and gain an edge over the competitors.
- In order to increase profit margins, retailers need to monitor transportation activities on a regular basis, including meeting compliance and controlling costs.
- Effective transportation management helps in improving consistency and control, throughout the retail enterprise. With real-time visibility for shipping processes, retailers can precisely refine transportation planning, regulate volume shipping, and forecast demand.
North America is Expected to Hold the largest Market Share
- North America is one of the largest markets for technology-based solutions. It is further expected to be a strong player in the global economy, especially for the development and implementation of new technologies. The industrial sector is growing steadily, in line with the increasing influence of the internet, regarding the sales of industrial goods.
- The expansion of US oil production and changes in the location of oil production have increased the use of various transportation modes, to move the oil to refineries and terminals. Although pipelines continue to be the predominant mode for moving oil, the prominence of water transportation has been increasing substantially, in recent years.
- Besides, reduced trade barriers have increased the need for information on transportation infrastructure and services within various countries in North America, such as Canada and the United States. Two key initiatives, the Canada-US Free Trade Agreement, and the subsequent North American Free Trade Agreement, were significant indicators for the liberalization of trade in goods and services, between these countries.
Waterway Transportation Software Solutions Market Segment by Key Regions:-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Waterway Transportation Software Solutions Market Research Report offers the Following Segments:
- Supply chain trends mapping the latest technological advancements
- Waterway Transportation Software Solutions Market Strategic endorsement for the new freshman
- Waterway Transportation Software Solutions Market share evaluation for the regional and country-level segments
- Waterway Transportation Software Solutions Market forecasts for a minimum of 5 years of all the mentioned segments, sub-segments and the regional markets
- Waterway Transportation Software Solutions Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic commendation in key business segments based on the market assessment
- Company profiling with detailed master plan, financials, and Current developments
- Competitive landscaping survey the key common trends
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