"Waterway Transportation Software and Services Market - Global Forecast to 2019" Published

From: Fast Market Research, Inc.
Published: Tue Dec 30 2014

Waterway Transportation Software and Services Market by Solution (Warehousing, Vessel Tracking, Freight Security, Yard Management, Ship Broker, and Maritime Software), & by Service (Managed, Consulting, Simulation & Training) - Global Forecast to 2019

The widespread technological developments such as cloud and Machine to Machine (M2M) are significantly transforming the work patterns in shipping organizations. In the recent years, businesses have increasingly embraced various technological developments such as cloud, data building, and social media which further leads to the increase in the amount of data generated among shipping organizations. This is evident from the expansive adoption of tracking, data building, ship management, and maritime software to reduce cost of operation and leverage the efficiency of waterborne trade.

Full Report Details at
- http://www.fastmr.com/prod/932633_waterway_transportation_software_and_services.aspx?afid=301

The waterway transportation software and services market is fast gaining traction primarily due to the introduction of containerization and development of new ports in the emerging new markets. With the introduction of containerization, the transportation industry has seen a dramatic change including waterway transportation. Containerization enabled easy handling of cargo by reducing the goods damage and also enhanced the freight security. With this evolution, the transportation industry is being more focused toward waterborne trade.

Today, most of the waterway transportation services providers are promptly adopting freight security solutions to avoid the frequent incidents of freight damage and cargo lost. Further, the rising intensity and volume of piracy incidents and ship/vessel accidents is further enabling the adoption of waterway transportation software and services such as audit and claim software and managed services.

Though the provisions of waterway transportation software have leveraged both the user segments of shipping enterprises and Small and Medium Businesses (SMBs), there are certain apprehensions restraining the growth in this market. For instance, reluctance of small shipping companies to adopt new technologies for transportation and the lack of standardization of equipment are limiting the adoption of software and IT services across the waterway transportation industry. In addition, different emission and environmental laws and policies also impact the adoption of waterway transportation solution. Considering this, the report further helps to identify the latest patterns and trends intensifying the progression in the waterway transportation software and services market across all regions.

There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.

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