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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.

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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.

the Global Smart Ports Market is projected to reach USD 5.3 billion by 2024 from an estimated USD 1.7 billion in 2019, at a CAGR of 25.0% during the forecast period. This growth can be attributed to factors such as an increasing introduction of green initiatives and the requirement of Ports to comply with the environmental regulations that have been implemented by the governments of several nations. The usage of big data and cloud computing to cut down the carbon emissions and at the same time, boost internal operational efficiency is a major driving force for the market.

Sensex slips 340 pts on global woes; Q2 nos lift Infosys 7% Sensex Down: 339 pt. Nifty Down: 100 pt. 1. Failed Circuit Filter SEBI Pulls NSE Sebi diredted nse to be carful and cautions in its dealings in the securities market and comply with all the legal requirements that govern its functions as a stock exchange. on october 5, 2012, a dealer at Emkay Global Finance has erroneously put in an order to sell a niftybasket consisting each of the 50 index constituents worth rs 950 crore, within a few seconds of the order being put into the system, nifty had crashed 16% before tradeing was stopped by the exchange. 2. Infosys posts 28% Q2 net profit Infosys yet again have done better in its second quarter and cheered investors by announcing bonus shares. Murthy wants to avoid conflicts and maintain corporate governance standards at the firm he co-founded 33 years ago. 3.Vodafone wins 3,200crore tax case Bombay high court ruled in its favour in the transfer pricing case relating to undervaluation of share capital issued by vodafone india Services Private Limited(Vodafone India) to its Mauritius parent. 4. Only limited Sahara investers claim refund from Sebi The low demand will bolester sahara's argument before courts that it had repaid most of the investers who had come forward app. 4,600 to claim investments they had made in two groups cos's bonds. Trade4target : stock to buy Shreyas Shipping & Logistics Ltd CMP:69rs Target:130rs Duration:6-10 months Percentage return:85% Shreyas Shipping & Logistics Ltd (SSLL) is a dominant multimodal container logistics operator using land-sea-land route. Their claim is they are No.1 Coastal Operator in India with 51% market share, in handling domestic coastal cargo. It is also the India's largest container feeder vessel owning and operating company & first co to link all key ports of India for containerised trade.Shreyas begun in 1994 as a container feeder operator between Indian ports and international

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LONDON: Slower economic growth, deteriorating export competitiveness and weak liner profitability are narrowing the headroom within the ratings of Chinese port operators, according to Moody's rating agency. "Although manageable capex plans over the next three years will alleviate some of the pressure on their financial profiles, weak liner profitability will limit the port operators' ability to raise handling chargers," Osbert Tang, a Moody's Vice President and Senior Analyst, said. "In addition, export-oriented ports such as Shanghai and Shenzhen will be particularly affected by slowing container throughput amid muted export growth in China," he added.

The construction of a new deep draught iron ore berth at Paradip port in Orissa is facing a delay as the state government has not yet granted clearance to the project, a senior port official said on Saturday.

LONDON: China's largest port is also the world's largest, opening a 5.6 million-TEU gap over No. 2 Singapore in 2015. Shanghai toppled Singapore for the No. 1 spot in the JOC Top 50 container port rankings six years ago and hasn't looked back, extending its spread over the world's second-largest container hub to 5.6 million twenty-foot-equivalent units in 2015. Singapore, Southeast Asia's dominant transshipment hub, previously led the rankings for five years after dethroning Hong Kong in 2005. With Shenzhen having a firm grasp as the world's third-largest port, Hong Kong, just an hour south and struggling with high costs, slipped behind Ningbo-Zhoushan to fifth. No. 6 Busan, South Korea, meanwhile, is closing the gap with Hong Kong.

According to the latest market research report, 'the global smart ports market is projected to reach a size of USD 5.1 billion by 2026, at a CAGR of 23.9%, from an estimated USD 1.7 billion in 2021'.

Growing need to reduce carbon emission from the maritime industry and the adoption of industry 4.0 by seaports to enhance the capacity of seaports are key factors driving the growth of the smart ports market.

Smart Port Market is projected to grow from USD 1.9 billion in 2022 to USD 5.7 billion by 2027, at a CAGR of 24.3%, according to a new rePort by MarketsandMarkets™.