Market Leaders:  

Smart port market is expected to grow from an estimated USD 1.7 billion in 2021 to USD 5.1 billion by 2026, at a CAGR of 23.9% during the forecast period. The growing adoption of Industry 4.0 to enhance port efficiency and growing need to reduce carbon emission from the maritime industry are the main drivers for smart port market. Digitalization is transforming the way traditional processes work across the globe. The Global Positioning System (GPS) is a major technology used for these tasks. Generally, GPS enables detecting and tracking movable objects such as containers, vessels, vehicles, and equipment. However, in the current scenario, the data generated from various sensors and devices result in the generation of patterns to enhance efficiency and increase overall productivity. The use of real-time data collected using various sensors helps communicate accurate water (hydro) and weather data to shipping companies, which allows them to predict the best time to enter the Port. Participation and encouragement from governments in smart port infrastructure development are expected to offer lucrative opportunities for smart port market during the forecast period.   

A few major players have a wide regional presence and dominate smart port market. The leading players in smart port market include IBM, ABB, Siemens, Accenture, and General Electric. Navis, Kalmar, and Abu Dhabi Ports are some of the other notable companies operating in the smart ports market.

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The major strategies adopted by these players include new product launches and developments,  contracts & agreements, mergers & acquisitions, and investments & expansions. New product launches and developments were the most commonly adopted strategy from January 2016 to March 2021.   

IBM (International Business Machine) is a worldwide, diversified information technology company that offers a broad portfolio of services, products, and brands. The company’s offerings are utilized across various sectors, such as IT infrastructure, manufacturing, data, e-commerce, cloud services, analytics mobiles, and cybersecurity. It operates through six business segments, namely, Cloud & Cognitive Software, Global Business Services, Systems and Global Financing, Global Technology Services, and Others. The company has divided its software services into the following categories: Cloud services, Advanced Analytics and AI Services, Business Continuity Services, Intelligent Workflow Services, and Technology Support Services. The company offers smart port infrastructure and software marine management solutions through the Cloud & Cognitive Software and Global Technology Services business segments. IBM’s Cloud & Cognitive Software business segment comprises of three business areas, namely Cognitive Applications, Cloud & Data Platforms, and Transaction Processing Platforms. IBM offers digital solutions such as Internet of Things (IoT)-based technologies and IBM Cloud to ports to enhance the efficiency and productivity of the marine sector. Also, it offers smart port solutions related to machine learning and collecting real-time data about the port’s infrastructure and insights for utilization of a berthing terminal and the surrounding water and weather conditions, enabling port operators to identify the optimal time for ships to dock. The Global Technology Services comprises two business areas namely Infrastructure & Cloud Services and Technology Support Services. The Infrastructure & Cloud Services segment offers a portfolio of project, managed, outsourcing and cloud-delivered services focused on IT infrastructure environments. The Technology Support Services segment offers support services for IBM products and other technology platforms, as well as open-source and cross-vendor software and solution support. In July 2019, IBM was awarded a contract by the Spanish Port Authority to use a blockchain-based shipping platform (Tradelens) to improve operational efficiencies. IBM’s Tradelens generates incremental value for freight forwarders, shipping firms, shippers, and logistics service providers.

ABB is a leading company in the business of automation and power technologies. The company provides its products and services through four business segments, namely, Electrification, Process Automation, Motion, and Robotics & Discrete Automation. The Process Automation business segment offers smart port services and solutions. The Process Automation business segment offers port solutions through four categories, namely, container terminal automation, automation for bulk handling, port infrastructure, and shore connection services. The smart port solutions offered to the clients help in improving vessels’ energy efficiency; enhance overall safety by integrating automation systems with marine software; performance management solutions; and design, supply, installation & commissioning of complete port electrification with integrated port solutions. Furthermore, the Process Automation business segment also comprises control systems, life cycle services, turnkey engineering, measurement products, outsourced maintenance, and industry-specific products such as Azipods, mine hoists, electric propulsion for ships, smart port solutions, energy-efficient solutions, offshore and cargo vessels solutions, turbochargers, and pulp & paper quality control equipment. ABB has corporate research centers in seven countries, namely, China, Germany, India, Poland, Sweden, Switzerland, and the US. It operates its business in more than 100 countries and has more than 300 manufacturing plants. In October 2019, ABB, in collaboration with Keppel Marine and Deepwater Technology (KMDTech), jointly received a contract to develop technology for autonomous vessels and retrofit a 32-meter harbor tugboat with leading-edge digital solutions, enabling autonomous vessel operations in the Port of Singapore at the end of 2020.

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Recent Developments:

• In April 2021, Abu Dhabi Ports introduced a new digital service to streamline the management of Abu Dhabi’s slipways. The slipways are ramps for moving boats and other watercraft to and from the water. The service was expected to ease congestion at peak times.
• In March 2021, Siemens was awarded a contract from the Port of Kiel to implement a cloud-based power monitoring solution for its shore power system. The shore power system will cover the electricity demand of all ships with green power while they are berthed at the Port of Kiel.
• In February 2021, Navis, a part of Cargotec, launched the Navis Managed Services Store on the Navis Community Center (NCC). Navis expanded the range of solutions and services that are offered to Managed Services customers through this new store and made them easier to purchase and implement at their terminals.
• In September 2019, ABB launched a new series of Azipod propulsors that are available in the power range of 7.5–14.5 MW. In addition to ferry and RoPax vessels, this power range will also be applicable for larger offshore construction vessels, midsize cruise ships, and shuttle tankers.