Global Smart Port Market projected to grow to USD 16.1 Billion by 2033 with advanced technologies

From GlobeNewswire: 2024-07-12 09:00:00

The Global Smart Port Market is projected to grow from USD 1.85 Billion in 2023 to USD 16.1 Billion by 2033, with a CAGR of 24.16%. Smart ports use advanced technologies like blockchain, AI, and IoT to improve efficiency and sustainability. Seaports are expected to dominate the market, with process automation growing rapidly in the industry.

Asia Pacific is anticipated to lead the global smart port market, with major trading hubs in countries like Singapore, South Korea, Japan, and China. Europe is expected to see significant growth as smaller ports adopt smart operations. Key players include Wipro, IBM, Microsoft, and General Electric. Recent developments include the launch of a computerized slipway gateway in Abu Dhabi.

The market is segmented by port type, technology, elements, and throughput capacity, with regions like North America, Europe, and Asia Pacific driving growth. Spherical Insights offers detailed analysis and forecasting for the global smart port market. Get a sample PDF brochure or inquire about the report for more information on this evolving industry.



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