Marine Software Management Market Size is Estimated to be USD 5.51 Billion by 2034; Increasing Demand for Efficient Logistics Propel Market Growth

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Published Date: November 2024

Marine software management market is centered on digital solutions that enhance the efficiency, safety, and regulatory compliance of marine operations. The target market includes software for fleet management, and vessel maintenance, along with crew scheduling, navigating, fuel management, and many more.

Segmentation Analysis:

By Type	Software and Services
By Deployment	Cloud-based and On-Premises
By Location	On-board and Onshore
By Organization Size	SMEs, Large Enterprises, and Others
By Application	Crew Management, Harbor Management, Port Management, Cruise and Yacht Management, and Others

Report Highlights:

Marine software management market size accounted for USD 2.18 Billion in 2024.
The target market is estimated to be USD 5.51 Billion by 2034 and will register a CAGR of 5.7%.
Based on services, the marine software management market is rapidly boosting.
According to deployment, the cloud-based segment gets a large market share in the marine software management market.
The on-board segment is anticipated to hold the largest share of the marine software management market based on location.
The large enterprise segment is anticipated to hold the dominant marine software management market share based on organization size.
On the basis of application, the crew management segment is anticipated to hold the largest marine software management market share based on application.
By Region, the marine software management market growth is expected to expand rapidly in North America.

Market Dynamics:

Growth Factor	Challenge Factor	Market Trend
Global Trade Expansion	Cybersecurity Concerns	Technological Advancements

Key Highlights:

In October 2024, VoyageX AI, a leader in maritime software solutions announced the launch of its free crew management software which is designed to help shipping companies manage crew operations efficiently.
In August 2024, ABS Wavesight, the ABS-affiliated software-as-a-service company, launched the latest module of Nautical Systems (NS) - Web, the web-based version of its flagship NS platform. With the flexibility, accessibility, and scalability of a web-based solution, NS-Web expands upon the on-premise Nautical Systems software to provide the features and capabilities needed for contemporary fleet management.
In March 2024, According to Fuelink, it introduced a new bunker data management platform with features for bunker pricing comparisons, fuel strategy predictions, and EU Emissions Trading System (EU ETS) compliance, including EU Allowances (EUA) inventory management.

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Report Analysis

Implementing Blockchain on the High Seas

To satisfy the demands of all parties involved, a new blockchain-enabled platform is automating the insurance process. Together with Microsoft's Azure Blockchain team, EY, and corporate blockchain startup Guardtime created a ground-breaking blockchain-enabled platform that can accommodate the requirements of all parties to a marine insurance contract.

The rules between buyers and sellers are digitized by the platform. "To reduce paperwork, smart contracts are used to automate the entire process," claims Shaun Crawford, EY Global vice Chair, Industry. "Insurance companies can view the location of a ship at any time, anywhere in the world, or how it has changed, and they can instantly update information online".

Competitive Landscape of Marine Software Management Market:

The prominent players operating in the marine software management market include Oracle, ABB, Chetu, DockMaster, Marina Master, Lloyd's Register, Marinacloud, MarineCFO, TIMEZERO, and Scribble Software.