The report of India Digital Transformation of Maritime Freight Market by Software Solution (Booking, Vessel Scheduling, Loading/ Unloading, Delivery) Service (Consulting & Training, Implementation & Integration, Operation & Maintenance, Managed Services) Deployment (Cloud-based, On-premise) and End Users (Ports & Terminals, Maritime Freight Forwarders) is expected to reach US$ XX Mn by 2026, at a CAGR of XX% during a forecast period.
IT and digital transformation has optimized operations of the maritime cargo industry and increased the business of companies. It allows the market to grow with an organized vision by the incorporation of business potential with networking. The India digital transformation of maritime freight market is driven by technologically-advanced vendors in the shipping industry, rising importance of customer satisfaction, increased importance and dependency on IT & Digitization within the Shipping Industry. However, high cost for the transfer of cargo and shipments, which are hampering the market growth at global level. The cloud-based fuel management system is expected to create new opportunity for key players in the market.
Cloud-based segment is expected to grow at the highest XX% CAGR during the forecast period.
The actual advantages of linking the cloud are universal accessibility and the ability to work in one program where we are able to store enormous amounts of data. The Cloud-based segment is expected to hold the 60% of market share during the forecast period. The rising demand of cloud management tools and cloud-based solutions due to its cost-saving benefits for stakeholders in the maritime supply space, therefore triggering the digital transformation of maritime freight market growth in the near future.
Key players operating the India digital transformation of maritime freight market are Syntel Inc.,
Hexaware Technologies, ABB Ltd., Tech Mahindra Limited, Kintetsu World Express, Inc, Advantech Co., Ltd., Mindtree Ltd., DigiLogistics Technology Ltd., Partner Tech Corp, 3GTMS, Inc., 4flow AG, and Logistic Solutions, Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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