Major players in Waterway Transportation Software and Services Market, analyzed in the report: Trans-i Technology, DNV GL, Accenture, Cognizant, BASS, Aljex Software, High Jump Software, SAP, Veson Nautical, Descartes Systems, and so on.
(PRWEB) December 10, 2014
The market research report on "Waterway Transportation Software and Services Market" defines & segments the market into various sub-segments. Analysis of this segmentation provides information about the growth trends and revenue forecasts. The report focuses on the major drivers, opportunities, restraints and challenges for the major players in the industry.
The report expects the global Waterway Transportation Software and Services Market estimated to reach $88.7 billion by 2019 from $57.1 billion in 2014. From 2014 to 2019, the market is estimated to maintain a steady growth rate of over 9.21%. In the current scenario, the report expects Europe to be the biggest market in terms of adoption and expenditure for software and services available in the waterway transportation market.
Explore exclusive data on Waterway Transportation Software Market through detailed tables, figures and ToC spread across 138 pages
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MarketsandMarkets segments the global Waterway Transportation Software and Services Market on the basis of the basic solution, which include warehousing, vessel tracking, freight security, yard management, audit & claim software, maritime software, and others. It also segments the global market on the basis of the types of services, which include consulting/customization, managed, and simulation & training services. Major types of deployment modes considered in the report include on-premise, hosted, and hybrid. Major end-user verticals in the market analyzed in this report include consumer & retail, oil & gas, industrial & manufacturing, energy & mining, aerospace & defense, construction, chemicals, pharmaceuticals & healthcare, food & beverages and others. On the basis of the types of geographic regions, the report categorizes the global market into North America (NA), Asia-Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).
According to the report, the biggest players in the market include Accenture, BASS, DNV GL, Aljex Software, Cognizant, SAP, High Jump Software, Descartes Systems, Trans-i Technology, and Veson Nautical.
As per this report, increased demand from the developing economies and introduction of containerization are expected to play major role in shaping the future of the waterway transportation software and services market. As the transportation industry is booming globally, the standard for transportation has enhanced dramatically. Organizations need to deliver the goods as quickly as possible, without any damage and at minimum cost. Due to these requirements, the transportation industry is witnessing dramatic technological changes such as Machine to Machine (M2M) communication. Constant technological changes are also expected to drive the Waterway Transportation Software and Services Market.
According to the researchers, introduction of containerization in the market has permitted easy handling and elimination of repackaging while changing the mode of transportation. This fact has reduced the freight security issue and thereby rejuvenating the waterway transportation market. According to the report, the development of new ports and new sea routes has opened new ways for the waterborne trade.
The lucrative markets from APAC, MEA and LATAM are driven by the increasing demand for import and export from the key developing countries, especially China and India. Report expects the emerging markets in the developing economies to create big growth opportunity for the software and services market in the marine transportation industry.
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