Waterway transportation software and service Market
Global Waterway Transportation Software and Services Market size was valued at USD 65.35 Bn. in 2021 and the total Waterway Transportation Software and Services, revenue is expected to grow at a CAGR of 9.5% from 2022 to 2029, reaching nearly USD 135.07 Bn.
Waterway Transportation Software and Services Market Overview:
The Waterway Transportation Software and Services market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Waterway Transportation Software and Services Market, as well as the causes for variances in the industry's growth in a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation: The rise in US oil production and shifts in the location of oil production have led to an increase in the use of various transportation modes to move oil to refineries and terminals. Although oil is still most frequently transported via pipelines, the significance of water transportation has increased dramatically in recent years.
Key Players:
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers' annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Waterway Transportation Software and Services market are as follows:
- • SAP SE
• Cognizant Technology Solutions Corp.
• Accenture PLC
• Veson Nautical Corporation
• DNV GL (GL Maritime Software GmbH)
• Aljex Software Inc.
• Descartes Systems Group
• HighJump Software Inc.
• Trans-I Technologies Inc.
• Bass Software Ltd.
• Zero North
• Zebra Technologies Corporation
• Consolidated Grain & Barge Company
• Florida Progress Corporation
• Kirby Corporation
• Acbl Holding Corporation
• Ergon, Inc.
• American Commercial Lines, Inc.
• Ukpeagvik Inupiat Corporation
• Safari Parent, Inc.
Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Waterway Transportation Software and Services market study's regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Waterway Transportation Software and Services Market:
End-user industries where Waterway Transportation Software and Services are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Waterway Transportation Software and Services manufacturers, affecting the Waterway Transportation Software and Services market's growth in 2020. End-user business demand for Waterway Transportation Software and Services has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Waterway Transportation Software and Services Market Report are:
- In 2021, which segment accounted for the most share of the Waterway Transportation Software and Services market?
- What is the competitive landscape of the Waterway Transportation Software and Services market?
- What are the key factors influencing Waterway Transportation Software and Services market growth?
- In the Waterway Transportation Software and Services market, which region has the most market share?
- What will be the CAGR of the Waterway Transportation Software and Services market during the forecast period (2022-2027)?
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