The global smart ports market is estimated to grow at a CAGR of nearly 26.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the logistics sector and rising demand for automation in ports. A significant rise in the logistics sector has been witnessed in developed and developing countries owing to the rising international trade operations and increasing e-commerce industry. Due to the increase in cross-border e-commerce sales, the demand for maritime transportation has significantly increased over the years. The cross-border business-to-consumer (B2C) sales reached an estimated $412 billion in 2017, which is accounted for nearly 11% of total B2C e-commerce, a 4% hike as compared to 2016.

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The top ten countries by B2C e-commerce sales include China, the US, UK, and Japan with nearly $1,062 billion, $753 billion, $206 billion, and $147 billion, respectively. The cross-border e-commerce trade usually requires long-distance transport, which contributes to the demand for maritime transportation. As per the United Nations Conference on Trade and Development, nearly 80% of the international trade is carried out by commercial shipping. This, in turn, increases the need for port terminals to conduct transportation operations more efficiently.

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Due to increasing global trade, there is an increasing focus of port operators to add advanced technologies to make operations automatic or semi-automatic. There are a large number of seaports that have been using technological tools for automation in port activities. These ports are ranging from Rotterdam to Yangshan (Shanghai, in China), to Lázaro Cárdenas (in Mexico). It allows to better management and control over the work processes performed at the terminal, with real, prompt information on all operations conducted. The IoT platforms allow port operators to better manage and track containers as well as reduce operational costs and human errors.

Market Segmentation

Global Smart Ports Market by Port Type
Cargo Ports
Sea Ports
Global Smart Ports Market by Throughput Capacity
Extensively busy (above 18 million Teu)
Moderately busy (5-18 million Teu)
Scarcely busy (below 5 million Teu)
Global Smart Ports Market by Technology
Internet of Things (IoT)
Blockchain
Artificial Intelligence (AI)
Process Automation
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

ABB Ltd.
Abu Dhabi Ports
Accenture plc
Cisco Systems, Inc.
Envision Enterprise Solutions Pvt. Ltd.
General Electric Co.
IBM Corp.
Ikusi Redes de Telecomunicaciones, S.L.
leogistics GmbH
Nokia Corp.
Port of Rotterdam
Ramboll Group A/S
Royal HaskoningDHV
Scientific Enterprises Ltd.
Siemens AG
Telefonaktiebolaget LM Ericsson
TRAXENS
Trelleborg AB
Wipro Ltd.
ZPMC Shanghai Zhenhua Heavy industries Co.Ltd.
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