About Marine Big Data
Marine Big Data is the collection of large data sets collected from conventional data sources such as inventory, warehouses, distribution nodes, ship sensors, etc. and analysing them with big data analytical tools to accurately carry out predictive analysis, which helps to prevent delay and improve operational efficiency. Increased investments to digitize by the end users of marine sector will help spur the growth of marine big data in coming decade.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Maine sector is ever growing and reaching new heights every year. Technology always has been at centre for the sector’s growth and success. Thus, with emergence of new digital era, technologies such as Artificial Intelligence, block chain and big data also become necessity for the growth of sector. Though the emergence of big data in marine sector does introduce some unique set of challenges such as inadequate amount of skilled personals in the field and scarcity of data. As more and more firms operating in marine related field adopt smart use of big data, more will the marine sector be benefitted. 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.
Teradata Corporation (United States), BigOceanData (London), Splunk, Inc. (United States), Datameer Inc. (United States), IBM (United States), A.P. Moller-Maersk A/S (Denmark), Databricks Inc. (United States), Avenca Limited (United Kingdom), Microsoft Corporation (United States), Intertrust Technologies Corporation (United States), Hitachi Vantara Corporation (United States), BMT Group Ltd. (United Kingdom), SAP (Germany), TIBCO Software (United States) and Qlik (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Marine Big Data market by , Application (Marine Freight and Shipping, Fishery Industry, Oil and Gas/ Hydrocarbon offshore Extraction, Naval Security, Maritime Traffic and Others) and Region.
On the basis of geography, the market of Marine Big Data has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Data Source , the sub-segment i.e. Trade and Commerce Data will boost the Marine Big Data market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component , the sub-segment i.e. Software (Big Data Analytics, Data Management, Data Visualization, Others) will boost the Marine Big Data market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Shipping and Logistics will boost the Marine Big Data market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud Based will boost the Marine Big Data market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclusion of Artificial Intelligence and Machine Learning in Logistics and Shipping and Big Data is used to Reduce Bunker Costs
Market Growth Drivers:
Rise in Global Maritime Trade, Increase in Volume of Fright Shipped Over Oceans, Increased Investments in Digitising of Logistics and Transportation Networks and Rise in Data Collection & Increasing Demand for Data Derived Insights
Challenges:
High Costs of Big Data Tools, Privacy Concerns of Data and Difficulties in Integration of Big Data Structures or Mechanism with Existing Systems
Restraints:
Lack of Skilled Professionals Working in the Field of Big Data and Data Breach Due to Cyber Attacks
Opportunities:
Strategic Partnerships with Tech Giants and Tech Companies Helping Governments, Fishery and Shipping Companies Develop Big Data
Market Leaders and their expansionary development strategies
Yara Marine Technologies (YMT) a subsidiary of Norwegian chemical company Yara International, is focused on the development of vessel optimisation and decarbonisation technologies has acquired by Geneva-based Okapi Supply Trading Advisory to expand its maritime portfolio.“This aligns closely with the ambition to offer customers easier pathways towards greening their operations.
In February 2024, Wireless vessel data technology company ScanReach has launched a new NMEA Communication Node, to streamline navigational data collection from shipboard equipment utilising the NMEA (National Marine Electronics Association) standard communication format.The system is particularly focused on enabling access to NMEA 0183 data from various marine electronic devices, such as GPS receivers, anemometers, speed logs, autopilots, and other navigational instruments.
Key Target Audience
Marine Big Data Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Consultancy and Research Firms, Analysts and Strategic Business Planners, Government and End User 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.