Middle East & Africa Maritime Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Application (Optimal Route Mapping, Predictive and Prescriptive Analytics, Pricing Insights, Vessel Safety and Security, and Others) and End User (Commercial and Military)
The Middle East & Africa maritime analytics market was valued at US$ 34.68 million in 2023 and is projected to reach US$ 48.57 million by 2028; it is expected to grow at a CAGR of 7.0% from 2023 to 2028.
Use of Advanced Technologies in Maritime Industry is Driving the Middle East & Africa Maritime analytics Market
The maritime industry is investing proactively in advanced technology solutions to bring digital transformation and to become more efficient and sustainable. Artificial intelligence (AI), big data, blockchain, cloud computing, cyber security, digital twin, internet of things (IoT), machine learning, and robotic technologies are some of the key technologies that are contributing towards the advancement of global maritime industry. Furthermore, increase in collaborations between maritime industry stakeholders and technology solution providers, rise in the number of maritime analytics solution providers, investments by maritime companies in big data infrastructure development, and growth of funding opportunities are some of the other factors projected to penetrate the growth of maritime analytics market in the future. Artificial intelligence (AI) is being utilized in the shipping industry to reduce staff and maintenance, increase automation, achieve better navigation and safety, and minimize human errors. IBM and Google are among the key companies helping the shipping sector with process automation. The maritime industry uses AI for an array of applications, including autonomous navigation, route optimization, and predictive maintenance. New players are leveraging the processed information generated through sensors, public information systems, and asset tracking systems to enhance and optimize vessel efficiency and operational costs. Additionally, new entrants are offering digital twins of ships, ports, and fleets utilizing AI to monitor operations continuously while enhancing port and vessel management.
Middle East & Africa Maritime Analytics Market Overview
The maritime analytics market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness rapid commercialization and industrialization, which would also boost the growth of various sectors. The Gulf countries are economically developed, while the African countries are yet to match up to these countries' economic conditions. With large-scale export and import business of oil and gas in the Middle East region, penetration of maritime analytics is anticipated to grow. New orders for gas tanker ships are increasing from the region, showcasing the growth in the oil and gas trade. The use of analytics and predictive maintenance is effective for monitoring engine performance and fuel consumption on vessels. For instance, in 2017 Topaz Energy & Marine has revealed digitalization and offshore communications technology on their vessels to enhance business operations and crew welfare. Topaz is connecting its fleet of up to 110 vessels to a digital platform through Orange Business Services' Maritime Connect solution. Moreover, it invested in vessel tracking technology to monitor fleets in terms of planning maintenance, fuel efficiency, and spending limited on dry-docking. The trend of surging technological investments and developments like these by companies is anticipated to play a greater role in influencing market growth in the Middle East & Africa.
Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Maritime analytics Market Segmentation
The Middle East & Africa maritime analytics market is segmented into application, end user, and country.
Based on application, the maritime analytics market is divided into optimal route mapping, predictive & prescriptive analytics, pricing insights, vessel safety & security, and others. The predictive & prescriptive analytics segment held the largest market share in 2023.
Based on end user, the market is bifurcated into commercial and defense. The commercial segment held the largest market share in 2023.
Based on country, the Middle East & Africa maritime analytics market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market in 2023.
ShipNet; Kpler; OrbitMI, Inc.; Nordic IT; LgMAR; and Windward Ltd are the leading companies operating in the Middle East & Africa maritime analytics market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Maritime Analytics Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Ecosystem Analysis
5. Middle East & Africa Maritime Analytics –Market Dynamics
5.1 Market Drivers
5.1.1 Rising Trend of Digitalization in Global Maritime Industry
5.1.2 Increasing Demand for Enhanced Maritime Operations Through Data Analytics
5.2 Market Restraints
5.2.1 Concerns Related to Cyber Security and Lack of Skilled Workforce
5.3 Market Opportunities
5.3.1 Growing Shipping Market and Use of Advanced Technologies in Developing Region
5.4 Future Trends
5.4.1 Use of Advanced Technologies in Maritime Industry
5.5 Impact Analysis of Drivers and Restraints
6. Maritime Analytics Market – Middle East & Africa Analysis
6.1 Middle East & Africa: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Maritime Analytics Market Analysis – By Application
7.1 Overview
7.2 Middle East & Africa Maritime Analytics Market Breakdown, by Application, 2022 and 2028
7.3 Optimal Route Mapping
7.3.1 Overview
7.3.2 Optimal Route Mapping: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.4 Predictive and Prescriptive Analytics
7.4.1 Overview
7.4.2 Predictive and Prescriptive Analytics: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.5 Pricing Insights
7.5.1 Overview
7.5.2 Pricing Insights: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.6 Vessel Safety and Security
7.6.1 Overview
7.6.2 Vessel Safety and Security: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Maritime Analytics Market Analysis – By End User
8.1 Overview
8.2 Middle East & Africa Maritime Analytics Market Breakdown, by End User, 2022 and 2028
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Military
8.4.1 Overview
8.4.2 Military: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Maritime Analytics Market – Country Analysis
9.1 Overview
9.1.1 MEA: Maritime Analytics Market, by Key Country
9.1.1.1 South Africa: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Maritime Analytics Market, by Application
9.1.1.1.2 South Africa: Maritime Analytics Market, by End User
9.1.1.2 Saudi Arabia: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Maritime Analytics Market, by Application
9.1.1.2.2 Saudi Arabia: Maritime Analytics Market, by End User
9.1.1.3 UAE: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Maritime Analytics Market, by Application
9.1.1.3.2 UAE: Maritime Analytics Market, by End User
9.1.1.4 Rest of MEA: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Maritime Analytics Market, by Application
9.1.1.4.2 Rest of MEA: Maritime Analytics Market, by End User
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions
11. Company Profiles
11.1 ShipNet
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Windward Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kpler
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 OrbitMI, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nordic IT
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 LgMAR
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Maritime Analytics Market, by Application –Revenue and Forecast to 2028(US$ Million)
Table 3. South Africa: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Maritime Analytics Market Segmentation
Figure 2. Middle East & Africa Maritime Analytics Market Segmentation – By Country
Figure 3. Middle East & Africa Maritime Analytics Market Overview
Figure 4. Middle East & Africa Maritime Analytics Market, By Country
Figure 5. Middle East & Africa Maritime Analytics Market, By End User
Figure 6. Middle East & Africa: PEST Analysis
Figure 7. Middle East & Africa Maritime Analytics Market– Ecosystem Analysis
Figure 8. Middle East & Africa Maritime Analytics Market Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Middle East & Africa Maritime Analytics Market Breakdown, by Application (2022 and 2028)
Figure 11. Optimal Route Mapping: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Predictive and Prescriptive Analytics: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Pricing Insights: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Vessel Safety and Security: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Middle East & Africa Maritime Analytics Market Breakdown, by End User (2022 and 2028)
Figure 17. Commercial: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Military: Middle East & Africa Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA: Maritime Analytics Market, By Country – Revenue (2022) (US$ Million)
Figure 20. MEA: Maritime Analytics Market Revenue Share, By Key Country (2022 and 2028)
Figure 21. South Africa: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Saudi Arabia: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. UAE: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of MEA: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
- ShipNet
- Kpler
- OrbitMI, Inc.
- Nordic IT
- LgMAR
- Windward Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA maritime analytics market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA maritime analytics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the maritime analytics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution