India Digital Transformation of Maritime Freight Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
Drivers and Restraints:
IT and digital transformation has optimized operations of the maritime cargo industry and increased the business of companies. It allows the market to grow with an organized vision by the incorporation of business potential with networking. For instance, according to the Ministry of Shipping, almost XX% of India’s trading by value and XX% by volume is complete through maritime transport. The Indian maritime freight industry plays an important role in significant growth in the country’s trade. It has permitted FDI (Foreign Direct Investment) of up to XX% under the automatic route for port and harbour construction and maintenance projects.
The digital transformation of maritime goods by allowing the combination of artificial intelligence technologies, Enterprise Resource Planning (ERP) interfacing, Blockchain Technology, and robotics with shipping models, which are drastically improved efficiencies of the marine freight companies. The India Digital Transformation of Maritime Freight Market is driven by technologically-advanced vendors in the shipping industry, rising importance of customer satisfaction, increased importance and dependency on IT & Digitization within the Shipping Industry. However, high cost for the transfer of cargo and shipments, which is hampering the market growth at global level. The cloud-based fuel management system is expected to create new opportunity for key players in the market.
Scope of the Report India Digital Transformation of Maritime Freight Market:
India Digital Transformation of Maritime Freight Market by, Software Solution:
• Vessel Scheduling
• Loading/ Unloading
India Digital Transformation of Maritime Freight Market by, Service:
• Consulting & Training
• Implementation & Integration
• Operation & Maintenance
• Managed Services
India Digital Transformation of Maritime Freight Market by, Deployment:
India Digital Transformation of Maritime Freight Market by, End Users:
• Ports & Terminals
• Maritime Freight Forwarders
Key Players of India Digital Transformation of Maritime Freight Market:
• Syntel Inc.
• Hexaware Technologies
• ABB Ltd.
• Tech Mahindra Limited
• Kintetsu World Express, Inc
• Advantech Co., Ltd.
• Mindtree Ltd.
• DigiLogistics Technology Ltd.
• Partner Tech Corp
• 3GTMS, Inc.
• 4flow AG
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