Smart Ports Market Worth $5.1 Billion by 2026 | Jun 8, 2021 - ReleaseWire - 0 views
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Almira Coyne on 11 Jun 21According 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.