TechDogs-"Global Smart Port Market is Expected To Grow At A CAGR Of Over 25.4% During 2023-2028 -"

Market Research

Global Smart Port Market is Expected To Grow At A CAGR Of Over 25.4% During 2023-2028 -

By Business Wire

Business Wire
Overall Rating

DUBLIN--(BUSINESS WIRE)--The "Smart Port Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to's offering.

The report explores the promising future of the smart port market, identifying opportunities in both the seaport and inland port markets. It projects that the global smart port market is expected to reach an estimated $7.0 billion by 2028, with a remarkable CAGR of 25.4% during the forecast period from 2023 to 2028.

Key drivers for this market include the growing demand to enhance the efficiency of port operations and reduce carbon footprints, increasing demand for real-time information and supply chain visibility, and rising government investments toward port infrastructure upgrades.

Smart Port Market Segments

The study includes trends and forecasts for the global smart port market by the following segments:

  1. Element:

    • Terminal Automation & Cargo Handling
    • Port Community Systems (PCS)
    • Smart Safety & Security
    • Traffic Management Systems (TMS)
    • Smart Port Infrastructure
  2. Technology:

    • Process Automation
    • Internet of Things (IoT)
    • Artificial Intelligence (AI)
    • Blockchain
  3. Throughput Capacity:

    • Extensively Busy Ports
    • Moderately Busy Ports
    • Scarcely Busy Ports
  4. Port Type:

    • Seaports
    • Inland Ports

Smart Port Market Insights

  • The report provides key insights into the smart port market, including projections for the largest technology segment, the Internet of Things (IoT), which is expected to remain dominant over the forecast period due to the growing adoption of digitalization and the need to incorporate IoT into port operations.
  • Additionally, seaports are projected to remain the larger port type segment due to their adoption of powerful digital technology, smart sensors, and IoT, which enhance operational productivity and ease cargo management for port authorities.
  • The Asia Pacific region (APAC) is expected to be the largest market segment, driven by increasing investments in new technologies such as artificial intelligence and blockchain, and significant growth in trade business in countries like Singapore and Hong Kong.

Features of the Smart Port Market Report

The report provides the following features:

  • Market Size Estimates: Smart port market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions
  • Segmentation Analysis: Smart port market size by various segments, such as element, technology, throughput capacity, port type, and region
  • Regional Analysis: Smart port market breakdown by North America, Europe, Asia Pacific, and the Rest of the World
  • Growth Opportunities: Analysis of growth opportunities in different elements, technologies, throughput capacities, port types, and regions for the smart port market
  • Strategic Analysis: Includes M&A, new product development, and competitive landscape for the smart port market
  • Analysis of Competitive Intensity: Based on Porter's Five Forces model

Companies Mentioned

Some of the companies mentioned in the report include:

  • Abu Dhabi Ports
  • Accenture
  • ABB
  • Cisco
  • General Electric
  • IBM
  • Navis
  • Ramboll Group A/S
  • Royal Haskoning
  • Siemens
  • Trelleborg
  • Wipro

Reasons to Buy

The report enables readers to:

  • Understand the growth opportunities and potential of the global smart port market
  • Analyze key segments and regions that will experience rapid growth
  • Identify the emerging trends in the market and the reasons behind them
  • Gain insights into the changing demands of customers in the smart port market
  • Stay informed about the latest developments in the market and the leading companies driving these developments
  • Identify major players in the market and their strategic initiatives for business growth
  • Assess the competitive landscape and the potential threats posed by competing products
  • Track M&A activity in the market and its impact on the industry

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

First published on Mon, Aug 21, 2023

Liked what you read? That’s only the tip of the tech iceberg!

Explore our vast collection of tech articles including introductory guides, product reviews, trends and more, stay up to date with the latest news, relish thought-provoking interviews and the hottest AI blogs, and tickle your funny bone with hilarious tech memes!

Plus, get access to branded insights from industry-leading global brands through informative white papers, engaging case studies, in-depth reports, enlightening videos and exciting events and webinars.

Dive into TechDogs' treasure trove today and Know Your World of technology like never before!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.


ResearchAndMarkets Smart Port Market Port Community Systems (PCS) Traffic Management Systems (TMS) Internet Of Things (IoT)


Join The Discussion

  • Dark
  • Light