The global marine and marine management software market size to grow from USD 1.7 billion in 2021 to USD 2.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period. Factors such as rising need to efficiently manage complex supply chain operations, increase sustainability across marine industry, and increasing demand for centralized administrative of data to reduce overall shipment costs and enhance shipyard productivity are driving the adoption of the marine software market across the globe.
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The services segment to hold higher CAGR during the forecast period
Based on components, the marine and marine management software market is segmented into solutions and services. The services segment has been further divided into professional and managed services. These services play a vital role in the functioning of marine software, as well as ensure faster and smoother implementation that maximizes the value of the enterprise investments. The growing adoption of marina software is expected to boost the adoption of professional and managed services. Professional service providers have deep knowledge related to the products and enable customers to focus on the core business, while MSPs help customers improve business operations and reduce overall expenses.
The crew management segment to hold the largest market size during the forecast period
Application segment for the marine and marine management software market are segmented into crew management, port management, harbor management, vessel management, and cruise management. Crew management application segment to hold largest market share during the forecast period, owing to the growing concern of marine companies to track performance of the crew and enhance overall productivity. Crew management helps assign tasks and hiring and tracking performance. Crew management helps allocate the right people for the right job. It is also used to track labor hours and manage crews on marinas, ships, and vessels. It plays an important role in optimizing the operations and track the performance of the crew in various departments, such as the maintenance team and inventory management team.
According to Havenstar, marine software is a multilingual system that supports multi-currency transactions and facilitates secure information sharing between marinas. It is easy for staff to use so that they can keep their customer relations running smooth. It is a marina software tool that supports staff to manage the resources, employees, customers, finances, and security of their marina and boatyards in the most effective way possible.
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Unique Features in the Marine and Marine Management Software Market
Sophisticated software programmes for tracking and enhancing ship performance. This includes features that lower operating expenses and increase fuel efficiency, like real-time performance statistics, route optimisation, and fuel usage tracking.
Installation of condition-based maintenance systems, which track the state of vital ship components using sensors and data analytics. This method prolongs the life of equipment, minimises downtime, and helps anticipate maintenance needs.
Improved satellite communication and high-speed internet access systems for ship-to-shore communication. By enabling real-time data interchange between onshore and maritime offices, these systems enhance decision-making and operational coordination.
Traditional paper-based procedures will be replaced by digital logbooks and documentation systems. This makes record-keeping easier, guarantees adherence to rules, and makes information retrieval during inspections simpler.
Strong safety and compliance management elements, such as instruments for keeping an eye on and guaranteeing compliance with international marine laws. Safety checklists, audit trails, and compliance reporting are a few examples of this.
Major Highlights of the Marine and Marine Management Software Market
Conventional maritime operations will be transformed by the use of digital technologies and software. As part of this, procedures including communication, documentation, and navigation are being digitalized to increase productivity.
A greater focus will be placed on vessel performance monitoring systems that use data analytics to optimise fuel usage, lower emissions, and improve overall operational effectiveness.
Growing use of compliance management software and electronic logbooks in place of paper-based record-keeping. These systems facilitate reporting and assist maritime businesses abide by international laws.
Application of safety management systems that are combined with software programmes. By conducting risk assessments and enhancing overall safety culture, these technologies assist maritime enterprises in adhering to safety laws.
Pay attention to crew management software, which has functions for managing training, tracking certifications, and scheduling crews. Better crew planning, adherence to crew-related rules, and increased safety on board are all facilitated by this.
Top Key Companies in the Marine and Marine Management Software Market
Some of the key players operating in the marine and marine management software market include Oracle (US), ABB (Switzerland), DockMaster (US), Marina Master (Slovenia), Marinacloud (Croatia), Lloyd’s Register (UK), TIMEZERO (France), Scribble Software (US), MarineCFO (US), Chetu (US), MESPAS (Switzerland), Dockwa (US), Swell Advantage (Canada), Marina Ahoy (Estonia), Harba (Denmark), Harbour Assist (UK), Havenstar (England), Gestalt Systems (Germany), Seahub (US), BlueShell (Switzerland), Raymarine (UK), Ayden Marine (Turkey), OceanManager (US), Innovez One (Singapore), RMS (Australia), Nautical Software (US), CorVant (US). These marine and marine management software vendors have adopted various organic and inorganic strategies to sustain their positions and increase their market shares in the global marine and marine management software market.
Oracle was incorporated in 1977 and is headquartered in California, US. The company is a global leader in delivering a broad spectrum of products, solutions, and services designed to meet the requirements of corporate IT environments, such as platforms, applications, and infrastructure. Oracle’s customers include businesses of various sizes, government agencies, educational institutions, and resellers. The company, directly and indirectly, sells its products and services through a worldwide sales force and Oracle Partner Network, respectively. It specializes in developing, manufacturing, and marketing hardware systems, databases, middleware software, and application software. It provides SaaS offerings that are designed to incorporate emerging technologies, such as IoT, AI, ML, and blockchain. It operates through three business segments: cloud and license, hardware, and services, in more than 175 countries and caters to 4,30,000 customers across banking, telecommunications, engineering and construction, financial services, healthcare, insurance, public sector, retail, and utilities verticals. In the marine software market, Oracle offers the cruise ship technology solution designed specifically to optimize operations on a cruise ship for port management and crew management applications. Oracle offers Shipboard Property Management System (SPMS), Fleet Management System (FMS), Fine Dining System (FDS), and integration facility as well.
ABB was founded in 1988 and is headquartered in Zurich, Switzerland. It is a leading global technology company that strengthens the transformation of society and industry to achieve a more productive, sustainable future. ABB is a technology-driven company that helps raise the performance of the business. It is present in the industry for more than 130 years now. ABB delivers its services in 100 countries and has an employee base of more than 90,000 till 2021. The company operates in the robotics industry, motors and generators, drives, smart buildings, eMobility, marine vessels; turbocharging; data centers; renewable energy; technology; energy; utilities; transport; and oil, gas, and chemicals. And semiconductors industry verticals. ABB assists marine and ports to drive the evolution of sustainable shipping with electrical propulsion, data-driven decision support, and integrated solutions for ship and shore for port management and crew management applications. ABB is paving the way to a zero-emission marine industry by providing greater efficiency and reliability to ship and vessel owners.
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