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According to the new market research report "Smart Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port Infrastructure), Throughput Capacity, Port Type, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Smart Ports Market is estimated to grow from USD 1.7 billion in 2021 to USD 5.1 billion by 2026 at a CAGR of 23.9% during the forecast period. Growing need to reduce carbon emissions from the maritime industry and the growing adoption of Industry 4.0 to enhance port efficiency are the key factors driving the growth of the Smart Ports Market. Growing adoption of big data, IoT, blockchain, artificial intelligence, and digital twin to increase the operational efficiency of ports is expected to offer profitable opportunities for the Smart Ports Market during the forecast period.

The smart port market is projected to reach USD 5.1 billion by 2026 from an estimated USD 1.7 billion in 2021, at a CAGR of 23.9% during the forecast period. Increase in dependency on real-time data to increase port efficiency and the growing adoption of digital technologies by seaports are key factors driving the growth of the smart port market. Upgradation and expansion of existing ports to smart ports and adoption of IoT, Artificial Intelligence and Blockchain, are expected to offer profitable opportunities for the smart port market during the forecast period.

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.

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The Smart Ports Market is estimated to grow from USD 1.7 billion in 2021 to USD 5.1 billion by 2026 at a CAGR of 23.9% during the forecast period. Growing need to reduce carbon emissions from the maritime industry and the growing adoption of Industry 4.0 to enhance port efficiency are the key factors driving the growth of the Smart Ports Market. Growing adoption of big data, IoT, blockchain, artificial intelligence, and digital twin to increase the operational efficiency of ports is expected to offer profitable opportunities for the Smart Ports Market during the forecast period.

The smart ports market is estimated to grow from USD 1.7 billion in 2021 to USD 5.1 billion by 2026 at a CAGR of 23.9% during the forecast period. Growing need to reduce carbon emissions from the maritime industry and the growing adoption of Industry 4.0 to enhance port efficiency are the key factors driving the growth of the smart ports market. Growing adoption of big data, IoT, blockchain, artificial intelligence, and digital twin to increase the operational efficiency of ports is expected to offer profitable opportunities for the smart ports market during the forecast period.

The smart ports market is estimated to grow from USD 1.7 billion in 2021 to USD 5.1 billion by 2026 at a CAGR of 23.9% during the forecast period. Growing need to reduce carbon emissions from the maritime industry and the growing adoption of Industry 4.0 to enhance port efficiency are the key factors driving the growth of the smart ports market. Growing adoption of big data, IoT, blockchain, artificial intelligence, and digital twin to increase the operational efficiency of ports is expected to offer profitable opportunities for the smart ports market during the forecast period.

The global smart port market is expected to increase significantly, owing to rapid technological advancements and rising demand for effective port operations. According to a MarketsandMarkets analysis, the market is predicted to grow rapidly in the coming years, driven by factors such as automation, digitalization, and IoT integration. Smart ports use artificial intelligence, blockchain, and big data analytics to improve operational efficiency, maximize resource usage, and streamline supply chain procedures. Smart ports are reinventing the marine industry by focusing on increasing security, decreasing congestion, and limiting environmental impact, while also meeting the changing needs of global trade and logistics.

Find local businesses available in Port Hueneme, 93041 CA area providing services such as hotel, restaurant, advertising, jewelry, catering, computers, telecommunications, financial services, insurance, personal services & care, port services, automotive, marine services, hotel, community organization, restaurant, apartments, construction equipment, advertising & media services, real estate, moving & storage services, port services , health care, public utilities, home & garden services and many more on Save Local Now.

The Rs.2,500-crore Gopalpur port project in Orissa is on track despite the Hong Kong-based Noble group's decision to pull out from the project, government and port officials said Monday.

Cochin Port has achieved a record high cargo throughput of 17.43 million tonnes in the last fiscal, the Cochin Port Trust said in Kochi on Monday.