Maritime Analytics Market Size Growing at 10.6% CAGR Set to

From GlobeNewswire: 2025-05-08 09:53:00

The global maritime analytics market is experiencing significant growth due to increased maritime logistics, digitization, and smart ports. In 2023, global maritime trade grew by 2.4%, reaching 12.3 billion tons. The market is projected to grow by 2.4% annually through 2029, with North America leading in revenue share.

Maritime analytics is witnessing rapid growth as stakeholders utilize data-driven decision-making to enhance operational efficiency, safety, and competitiveness. Major drivers include global trade growth, regulatory compliance, and cost savings. The market is expected to reach $2.56 billion by 2031, with a CAGR of 10.6%.

Key players in the Maritime Analytics Market include ABB, ZeroNorth A/S, and Hexagon AB. Major trends include AI and ML integration, with AI-driven technologies revolutionizing operational efficiency and decision-making. Companies are leveraging data analytics to optimize vessel operations, reduce costs, and improve sustainability.

CMA CGM Group announced a $20 billion investment to strengthen the US maritime economy, supporting the transformation of America’s domestic supply chain. The group operates in 40 states, employing 15,000 people and transporting over 5 million shipping containers annually. Maritime analytics are vital for optimizing fleet operations and enhancing safety.



Read more at GlobeNewswire: Maritime Analytics Market Size Growing at 10.6% CAGR Set to