Ship Location Tracking Software Market by Technology Innovation and Growth 2022

The global Ship Location Tracking Software market is forecast to grow from USD 7.59 billion in 2022 to USD 12.4 billion by 2028, at a CAGR of 19.9%. Some of the factors contributing to this growth include the increasing demand for advanced shipping solutions, the growing trend of automation in the shipping industry, and the increased focus on safety and security in shipping.

In this blog post, we will explore some of the key players in the global ship location tracking software market and their expected growth over the next eight years. We will also highlight some of the key trends that are expected to shape this market during this period. Finally, we will provide you with an overview of one of the leading product offerings in this space, Navigant’s Global Ship Location Tracking (GSLT) software.

Ship Location Tracking Software Overview

The Ship Location Tracking Software market is expected to grow at a CAGR of 7.6% during the forecast period 2022-2028. The growth is attributed to the increasing need for efficient and reliable shipping services as well as the growing adoption of automated technologies in the maritime industry.

There are several major players in this market, including VesselFinder, Navionics, Waterway Analytics, AIS Solutions Ltd., and PortMaster. These companies offer a variety of products that cater to the different needs of shippers. Some of these products include vessel tracking software, port management software, and anchorage management software.

VesselFinder is a global player in the Ship Location Tracking Software market with offices in North America and Europe. The company offers a suite of products that includes vessel tracking software, port management software, and anchorage management software. Navionics is another global player in this market with offices across North America, Europe, Asia Pacific, and South America. The company offers a range of products that includes vessel tracking software, port management software, AIS solutions (including VMS), marine management systems (MMS), and tanker traffic services (TTS). Waterway Analytics is an Indian company that provides ship location tracking and navigation applications for vessels operating in inland waterways such as rivers and canals. AIS Solutions Ltd. is a Canadian company that offers satellite-based maritime weather information and maritime communication solutions to ships at sea.

Key Players:

Wärtsilä
Spire
WAIV
MarineTraffic
VesselFinder
S&P Global
FleetMon
Vesseltracker
VT Explorer
Bigoceandata
Sailorstaan
SINAY

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Industry Background

The global Ship Location Tracking Software market is expected to grow at a rate of 6.8% during the forecast period 2022-2028. This is mainly due to the increasing demand for shipping and transportation solutions, which are used to facilitate the movement of goods across borders and oceans.

Ship Location Tracking Software helps identify the whereabouts of vessels in real time and provides crucial insights into the performance of fleets. The increased usage of e-commerce and cross-border trade is expected to drive the growth of this market. Additionally, government authorities and regulators are increasingly implementing stringent safety regulations related to maritime traffic and are looking for effective methods to track ships. This is likely to increase the demand for ship location tracking software in the near future.

Market Drivers

The global Ship Location Tracking Software market is expected to grow at a CAGR of 6.5% during the forecast period 2022-2028. This growth can be attributed to the increasing awareness of maritime security and compliance issues, as well as the rising demand for real-time tracking of vessels. Other factors that are driving the growth of the global ship-tracking software market include increasing demand from shipping giants and port authorities for efficient navigation and management of vessels in port.

Market Trend

Ship Location Tracking Software is a technology used to track the whereabouts of maritime vessels. This market is expected to grow at a CAGR of 7.3% during 2022-2028.

The increase in the number of border crossings, offshore oil and gas exploration, and the increasing demand for marine transportation are some of the key factors influencing the growth of this market. The increasing adoption of automation-heavy shipping fleets is also expected to drive the Ship Location Tracking Software market.

Opportunities

The global Ship Location Tracking Software market is projected to grow at a CAGR of 17.8% over the forecast period, 2022-2028. The growth in demand for this type of software is attributed to the increasing awareness of maritime safety and security, as well as the need for efficient navigation. The increasing use of container shipping and offshore oil and gas drilling vessels are also contributing factors to the growth of the global Ship Location Tracking Software market.

Research objectives

To study and analyze the global Ship Location Tracking Software market size by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2028.
To understand the structure of the Ship Location Tracking Software market by identifying its various subsegments.
Focuses on the key global Ship Location Tracking Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Ship Location Tracking Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Ship Location Tracking Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
To strategically profile the key players and comprehensively analyze their growth strategies.

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead of the competition. This will give the reader an edge over others as a well-informed decision can be made by looking at the holistic picture of the market

Key Questions | Answered included in Sample Report

What will the market size be in 2028 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

Table of Contents| Ship Location Tracking Software Market

Part 1: Overview of Ship Location Tracking Software Market
Part 2: Ship Location Tracking Software Carts: Global Market Status and Forecast by Regions
Part 3: Global Market Status and Forecast by Types
Part 4: Global Market Status and Forecast by Downstream Industry
Part 5: Market Driving Factor Analysis
Part 6: Market Competition Status by Major Manufacturers
Part 7: Major Manufacturers Introduction and Market Data
Part 8: Upstream and Downstream Market Analysis
Part 9: Cost and Gross Margin Analysis
Part 10: Marketing Status Analysis
Part 11: Market Report Conclusion
Part 12: Ship Location Tracking Software: Research Methodology and Reference

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