The South America maritime information market is expected to grow from US$ 43.33 million in 2022 to US$ 53.37 million by 2028. It is estimated to grow at a CAGR of 3.5% from 2022 to 2028.
Adoption of Cloud-Based Marine Information Solutions will be Driving the South America Maritime Information Market in Coming Years
Marine management entails all auxiliary services, from crewing and training to procurement and bunkering, to allow marinas to function at sea. Cloud computing facilitates better operations, communications, and collaborations among workforces. Cloud-based solutions provide an access to the most recent solution versions, newest features, and quick support. Cloud-based maritime software solutions enable clients to concentrate on their businesses, address incoming concerns without delays, and automate software version upgrade, along with enjoying the benefits of stringent security measures. Companies such as Chetu, RMS, Scribble Software, and Harba provide cloud-based marina management software that automates time-consuming, repetitive operations. Therefore, developments in cloud computing technology are anticipated to drive the South America maritime information market .
South America Maritime Information Market Overview
Brazil, Argentina, and the Rest of South America are the key contributors to the South America maritime information market. Maritime logistics can be considered the backbone of the South America’s economy, as it transports about 84% of the world's trade volume and almost 70% of the value of global trade. Such conditions can be seen in South America and the Caribbean, especially in the subregions of South America and the Caribbean. In this context, ports play an important role in ensuring the broad distribution of goods through supply chains, including essentials such as food and medical supplies. The Bahamas, an island in the Caribbean, ranks eighth in the world with 3.5% of the tonnage. It represented 21.5% of the world's fleet under the flag in South America and the Caribbean in 2021. In recent years, South America and the Caribbean accounted for approximately 17% of global ocean freight. Hence, the robust marine industry, coupled with a steep dependency on the maritime trade, is anticipated to create lucrative opportunities for the maritime information market. According to the International Energy Agency (IEA), expenditure on upstream activities in South America is expected to increase due to high investment by Brazil, Argentina, and Colombia. Petrobras, a Brazilian state-owned oil company, plans to invest US$ 75.7 billion by 2028 to boost oil production. In addition, oil and gas-related projects are increasing. Major companies have rolled out new initiatives and projects, creating the demand for maritime information. Hence, the growing investment in offshore activities is anticipated to propel the growth of the South America maritime information market.
South America Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
South America Maritime Information Market Segmentation
The South America maritime information market is segmented into platform, application, end-user, and country.
Based on platform, the South America maritime information market is bifurcated into on-shore and vessel. In 2022, the vessel segment registered a larger share in the South America maritime information market.
Based on application, the South America maritime information market is segmented into fleet management, vessel tracking, and maritime security. In 2022, the fleet management segment registered the largest share in the South America maritime information market.
Based on end-user, the South America maritime information market is bifurcated into commercial and government. In 2022, the commercial segment registered a larger share in the South America maritime information market.
Based on country, the South America maritime information market is segmented into Brazil, Argentina, and the rest of South America. In 2022, the Brazil segment registered the largest share in the South America maritime information market.
BAE Systems Plc; Fujitsu Limited; Iridium Communications Inc.; L3Harris Technologies Inc.; Lockheed Martin Corp; Northrop Grumman Corp; ONEOCEAN; ORBCOMM Inc.; Polestar; Saab AB; Siemens AG; Spire Global; Thales Group; and Windward Ltd are the leading companies operating in the South America maritime information market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Maritime Information Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Maritime Information Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Need for Efficient Management of Complex Supply Chain Operations
5.1.2 Surge in Sea Trade and Increasing Maritime Budgets
5.1.3 Growing Adoption of Automatic Identification Systems
5.2 Market Restraints
5.2.1 Interoperability Issues and Cyber Threats
5.3 Market Opportunities
5.3.1 Development of Integrated Solutions to Lower Maritime Terrorism and Piracy
5.3.2 Rising Digitalization in Shipping Industry
5.4 Future Trends
5.4.1 Emergence of Big Data Analytics and IoT
5.4.2 Adoption of Cloud-Based Marine Information Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Maritime Information Market – SAM Market Analysis
6.1 SAM Maritime Information Market Forecast and Analysis
7. SAM Maritime Information Market Analysis – By Platform
7.1 Overview
7.2 SAM Maritime Information Market, By Platform (2021 And 2028)
7.3 On-Shore
7.3.1 Overview
7.3.2 On-Shore: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
7.4 Vessel
7.4.1 Overview
7.4.2 Vessel: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8. SAM Maritime Information Market Revenue and Forecast to 2028 – By Application
8.1 Overview
8.2 SAM Maritime Information Market, By Application (2021 And 2028)
8.3 Fleet Management
8.3.1 Overview
8.3.2 Fleet Management: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.4 Vessel Tracking
8.4.1 Overview
8.4.2 Vessel Tracking: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.5 Maritime Security
8.5.1 Overview
8.5.2 Maritime Security: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9. SAM Maritime Information Market Revenue and Forecast to 2028 – End-User
9.1 Overview
9.2 SAM Maritime Information Market, By End-User (2021 And 2028)
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9.4 Government
9.4.1 Overview
9.4.2 Government: SAM Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
10. SAM Maritime Information Market – Country Analysis
10.1 Overview
10.1.1 SAM: Maritime Information Market, By Key Country
10.1.1.1 Brazil: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Maritime Information Market, By Platform
10.1.1.1.2 Brazil: Maritime Information Market, By Application
10.1.1.1.3 Brazil: Maritime Information Market, By End-User
10.1.1.2 Argentina: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Maritime Information Market, By Platform
10.1.1.2.2 Argentina: Maritime Information Market, By Application
10.1.1.2.3 Argentina: Maritime Information Market, By End-User
10.1.1.3 Rest of SAM: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Maritime Information Market, By Platform
10.1.1.3.2 Rest of SAM: Maritime Information Market, By Application
10.1.1.3.3 Rest of SAM: Maritime Information Market, By End-User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 BAE Systems Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Spire Global
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Iridium Communications Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 L3Harris Technologies Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lockheed Martin Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ORBCOMM Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Saab AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Thales Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Windward Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Northrop Grumman Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Polestar
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 ONEOCEAN
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Fujitsu Limited
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Siemens AG
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF FIGURES.
Figure 1. SAM Maritime Information Market Segmentation
Figure 2. SAM Maritime Information Market Segmentation – By Country
Figure 3. SAM Maritime Information Market Overview
Figure 4. Vessel Segment held the Largest Share of SAM Maritime Information Market
Figure 5. Fleet Management Segment held the Largest Share of SAM Maritime Information Market
Figure 6. Commercial Segment held the Largest Share of SAM Maritime Information Market
Figure 7. Brazil to Show Great Traction During Forecast Period
Figure 8. South America – PEST Analysis
Figure 9. SAM Ecosystem Analysis: Maritime Information Market
Figure 10. Expert Opinion
Figure 11. SAM Maritime Information Market: Impact Analysis of Drivers and Restraints
Figure 12. SAM Maritime Information Market Forecast and Analysis (US$ Million)
Figure 13. SAM Maritime Information Market, By Platform (2021 and 2028)
Figure 14. On-Shore: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Vessel: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Maritime Information Market, By Application (2021 and 2028)
Figure 17. Fleet Management: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Vessel Tracking: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Maritime Security: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Maritime Information Market, By End-User (2021 and 2028)
Figure 21. Commercial: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Government: SAM Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM: Maritime Information Market, By Key Country- Revenue (2021) (US$ Million)
Figure 24. SAM: Maritime Information Market Revenue Share, By Key Country (2021 and 2028)
Figure 25. Brazil: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Argentina: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of SAM: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
