About Marine Asset Management System
An asset management system is a process of managing all operational assets associated with particular industry or business. Maine asset management system is mainly used to manage all marine related operations and activities. All tangible and intangible activities can be handled by using this system. It consist of managing crew, accounts, equipment’s, their maintenance, inventory, monetary assets, and anything essential for day-to-day running of marine operations. Owing to this benefits associated with assent management systems, the demand for market is continue to rise. Growing marine industrial expenditure impacting on the market in a positive manner. Geographically, the North America region is expected to grow with the highest market share over the forecast period followed By Asia Pacific and Europe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Marine Asset Management System is expected to grow with rising marine industry across the globe. Increasing demand for computed solutions to manage marine operations mainly driving the demand for the market. Several companies are operating in the market to provide Marine Asset Management System with various features. The market is fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fugro (Netherlands), Dassault Systèmes (United States), OceanWise (Canada), ABS Group (United States), Gestalt Systems (New Zealand), Raymarine (United Kingdom), CorVant (United States), Scribble Software (United States), Oracle (United States), Innovez One (Singapore), MarineCFO (United States), Swell Advantage (Canada), IB S.r.l. (Italy) and BlueShell (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Marina Master (Slovenia), Dockwa (United States), Harba (Denmark), Seahub (United States) and John Crane (United States).
Segmentation Overview
AMA Research has segmented the market of Global Marine Asset Management System market by , Application (Satellite Positioning, Accounting, Purchasing Management, Hull & Dry rock Management, Port Management, Crew & Reservation and Others) and Region.
On the basis of geography, the market of Marine Asset Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Software {On Premise, Cloud} will boost the Marine Asset Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial Navigators will boost the Marine Asset Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising preference for Computed Solutions for handling Marine Operation
Market Growth Drivers:
Increasing Expenditure of Naval Defence across the Globe and Significant rise in Maritime Trading and Commercial Marine Operations
Challenges:
Strengthen Regularity Compliances and Limited Workforce Availability
Restraints:
Several Irregularities associated with Marine Hauling
Opportunities:
Technological Advancement in Marine Operations with Machine Learning and IOT introduction and Progressive Focus on Reducing Marine Operating Cost
Market Leaders and their expansionary development strategies
In November 2020, Arribatec has secured a call option has acquired IB Marine Group, a leading provider of cloud-based Enterprise Asset Management solutions within the maritime sector, as part of the international expansion strategy.The potential acquisition will strengthen our joint offer to the maritime sectors, deliver SolaaS to a pipeline of high-potential customers, and is key to our global growth strategy
In November 2020, Bentley Systems, Incorporated has acquired SRO Solutions. This acquisition is mainly to extend its capabilities for marine and industrial infrastructure. SRO has introduced maritime environment for managing projects for managing on and off shore operations. Hence this acquisition, is known as profitable strategic associations for both companies.
Key Target Audience
Marine Asset Management System Providers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.