The latest Yacht Management Software Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Yacht Management Software Market is valued approximately USD 653.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2022-2029.
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Yacht Management Software is empowering owner/operators to build a true 3D digital twin of their marine asset, allowing multi-discipline teams to collaborate in real-time, increasing engineering efficiency, data maturity and a reduction in project schedule. With a solid base of accurate and reliable data, seamless fabrication, and construction activities, supported by a fully connected workforce, enable projects to be delivered on time and on budget. The Yacht Management Software market is expanding because of factors such as rising need to efficiently manage complex supply chain operations and increasing sustainability across the marine industry. However, rising risk associated with cyber threats may halt market growth.
According to the Statista, the volume of global seaborne trade more than double between 1990 and 2021. In 2021, the volume of global seaborne trade was estimated to be around 11 billion tons, whereas in 1990, only about four billion tons of goods were loaded in ports worldwide. Furthermore, sustainability across the marine industry. According to the International Institute for Sustainable Development, 23 July 2019 the International Maritime Organization (IMO) selected “Sustainable Shipping for a Sustainable Planet” as the 2020 World Maritime theme. The theme aims to raise awareness of the work that IMO and its member states undertake to contribute to achieving the sustainable development goals. Another important component driving space increase is formulation advancements. Moreover, as per Statista in 2021, the software as a service (SaaS) market is estimated to be worth approximately 146 billion U.S. dollars and estimated to reach 195 billion U.S. dollars by 2023. Risk associated with cyber threats stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Yacht Management Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the creasing technological advancements in the region. According to the Statista, nearly 69 percent of all the goods traded by the U.S. are transported via waterways, predominantly by seagoing vessels. In terms of value, ships transport over 41 percent of the total value of goods traded by the U.S. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as owing to tourist destinations in the market space.
Major market players included in this report are:
Oracle Corporation
ABB Ltd.,
DockMaster
Marina Master,
Marine Cloud Ltd.,
Scribble Software,
lloyd’s register,
Chetu Inc.,
Harbour Assist,
Seahub.
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Recent Developments in the Market:
In October 2021, ABB Ability OCTOPUS – Marine Advisory System for vessel motion optimization has been chosen by the Amsterdam-based Spliethoff Group to optimize safe yacht carriage for the heavy lift vessel Yacht Express. The contract takes the number of Spliethoff Group ships to feature OCTOPUS to 25. Limiting unwanted vessel motions at sea to avoid potential cargo damage, OCTOPUS is the global market leader with a 90 percent share in the semi-submersible vessel market.
Global Yacht Management Software Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Location, Application, Component, Deployment Mode, Enterprise Size, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below.
By Location:
Onboard
Onshore
By Application:
Crew Management
Port Management
Harbor Management
Safety Management
Reservation Management
By Component:
Software
Services
By Deployment Mode:
On-premises
Cloud
By Enterprise Size:
Large Enterprise
SMEs
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Some Questions Answered in the Yacht Management Software Market Report:
- What is the projected size of the global Yacht Management Software market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Yacht Management Software industry?
- What are the major market trends that are affecting the expansion of the Yacht Management Software market?
- What obstacles must be overcome in order to achieve sustained growth in the Yacht Management Software market?
- What opportunities and threats do vendors in the global Yacht Management Software market face?
- What are the raw materials and manufacturing equipment used in the production of Yacht Management Software, and what is the manufacturing process?
- What are the different types and applications of Yacht Management Software, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Yacht Management Software market?
- What factors are driving the growth of the Yacht Management Software market in the top regions worldwide?
- Who are the major players in the global Yacht Management Software market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Yacht Management Software market?
- What are the main findings of a five forces analysis of the global Yacht Management Software market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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