What is Marine Asset Management System Market?
An asset management system is a process of managing all operational assets associated with particular industry or business. Maine asset management system is mainly used to manage all marine related operations and activities. All tangible and intangible activities can be handled by using this system. It consist of managing crew, accounts, equipment’s, their maintenance, inventory, monetary assets, and anything essential for day-to-day running of marine operations. Owing to this benefits associated with assent management systems, the demand for market is continue to rise. Growing marine industrial expenditure impacting on the market in a positive manner. Geographically, the North America region is expected to grow with the highest market share over the forecast period followed By Asia Pacific and Europe.
The market study is being classified, by Application (Satellite Positioning, Accounting, Purchasing Management, Hull & Dry rock Management, Port Management, Crew & Reservation and Others) and major geographies with country level break-up.
Fugro (Netherlands), Dassault Systèmes (United States), OceanWise (Canada), ABS Group (United States), Gestalt Systems (New Zealand), Raymarine (United Kingdom), CorVant (United States), Scribble Software (United States), Oracle (United States), Innovez One (Singapore), MarineCFO (United States), Swell Advantage (Canada), IB S.r.l. (Italy) and BlueShell (Switzerland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Marina Master (Slovenia), Dockwa (United States), Harba (Denmark), Seahub (United States) and John Crane (United States).
The market of Marine Asset Management System is expected to grow with rising marine industry across the globe. Increasing demand for computed solutions to manage marine operations mainly driving the demand for the market. Several companies are operating in the market to provide Marine Asset Management System with various features. The market is fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Analyst at AMA have segmented the market study of Global Marine Asset Management System market by Type, Application and Region.
On the basis of geography, the market of Marine Asset Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Expenditure of Naval Defence across the Globe
- Significant rise in Maritime Trading and Commercial Marine Operations
- Rising preference for Computed Solutions for handling Marine Operation
- Several Irregularities associated with Marine Hauling
- Technological Advancement in Marine Operations with Machine Learning and IOT introduction
- Progressive Focus on Reducing Marine Operating Cost
- Strengthen Regularity Compliances
- Limited Workforce Availability
In November 2020, Bentley Systems, Incorporated has acquired SRO Solutions. This acquisition is mainly to extend its capabilities for marine and industrial infrastructure. SRO has introduced maritime environment for managing projects for managing on and off shore operations. Hence this acquisition, is known as profitable strategic associations for both companies.
Key Target AudienceMarine Asset Management System Providers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industries