Global Marine Big Data Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Marine Big Data Market 2021 (Includes Business Impact of COVID-19)
Global Marine Big Data Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global marine big data market report has been segmented on the basis component, application, data source, and region.
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The global Marine Big Data market size was valued at USD $965.96 million in 2020 and is projected to reach $6772.08 million by 2030, and is anticipated to expand at a CAGR of 21.50% over the forecast period from 2020 to 2030.


Global Marine Big Data Market: Introduction


Big data are large structured and unstructured data sets to help industries to make more informed and accurate decisions. Use of big data in marine sector has increased rapidly from the recent past to improve decision-making, enhance energy efficiency, and improved safety.


Global Marine Big Data Market: Dynamics


Increasing digitization in the marine industry is a major factor expected to drive growth of the global marine big data market. Increasing adoption of big data in marine due to increasing investments for technological advancements is another factor driving growth of the target market. Adoption of Big data due to various commercial benefits such as routes optimization in bad weather conditions is also another factor expected to drive growth of the market.

In addition, increasing investments in IT upstream sector of the marine industry is another major factor expected to boost growth of the global marine big data market over the forecast period.

A key factor expected to hamper growth of the global marine big data market is concerns related to security and privacy of data. In addition, dearth of professionals for analyzing data analysts is another factor expected to restrain growth of the global market.

Key trend observed in the market in increasing research and development activities by major companies as adoption of big data analytics in this industry is at its initial stage.


Global Marine Big Data Market: Segment Analysis


Among the data source segments, the economic data source segment is expected to account major revenue contribution in the global marine big data market. In ships, logistics and transportation industry, the big data is generating huge data for marine industry.

Among the component segments, the service segment is expected to account for major revenue contribution in the global marine big data market. Increasing adoption of big data in marine as a service owing to its affordability as compared to other software packages is another factor expected to drive growth of the target market over the forecast period.

The  advancement of  USV  research is  mainly due  to  its naval  military applications, that led to the development of different prototypes of USVs for different uses. Notably, research on construction applications of USVs is limited to marine and ocean science literature


Global Marine Big Data Market: Regional Analysis


The market in Asia Pacific accounted for highest revenue share in the global marina big data market, owing to high demand for IT solutions from marine industry in order to enhance their productivity and decision making process in countries in the region. The North America market is expected to account for second-highest revenue share in the global marine big data market, due to increasing adoption of advance technological solutions in the marine industry in countries in the region. The markets in Europe, Middle East & Africa and Latin America are anticipated to account for moderate revenue shares in the global marine big data market.

Global Marine Big Data Market Segmentation:

Segmentation by Component:

  
Software
  
Data Analytics
  
Data Collection
  
Data Discovery and Visualization
  
Data Management
  
Services
  
Consulting
  
System Integration
  
Operation and Maintenance

Segmentation by Application:

  
Renewable Energy
  
Oil and Gas
  
Fishery
  
Whale Watching
  
Marine Protected Area
  
Marine Traffic
  
Dredging

Segmentation by Data Source:

  
Environmental
  
Oceanographic
  
Geological Data
  
Economic
  
Others


Key Market Players included in the report:


  
A.P. Moller-Maersk
  
AIMS-Sinay
  
Avenca Limited
  
BigOceanData
  
BMT Group Ltd.
  
Databricks Inc.
  
Datameer Inc.
  
Hitachi Vantara Corporation
  
IBM
  
Intertrust Technologies Corporation
  
MarineFIND
  
Microsoft Corporation
  
Nautical Control Solutions, LP
  
Ocean Networks Canada
  
Oceanwise
  
SAP
  
Smart Ocean and Open Ocean
  
Splunk, Inc.
  
Teradata
  
TIBCO Software


Below are the key development related to Marine Big Data Market in 2020 and 2021.


June 2021: Inmarsat gains first Fleet Data Premium reference In Asia Pacific. Fleet Data provides data acquisition, processing, uploading, and interface links between engine and Nautilus Labs’ fleet optimisation solution so that Mitsubishi Ore Transport and Diamond Bulk Carriers reap rewards of big data without hardware expense. 
Inmarsat reports that it has been pivotal in connecting digital stakeholders for Asia Pacific’s first Fleet Data Premium project. Delivered for Diamond Bulk Carriers, the project requires no new hardware to enable access to the Nautilus Platform for maximum fleet efficiency. At a time when Covid-19 restrictions continue to hamper travel for marine engineers, Inmarsat drew on certified engineers at Japanese service partner JSAT MOBILE Communications. to retrofit Fleet Data on a Mitsubishi Ore Transport-owned vessel at Tsuneishi Shipbuilding. Fleet Data is an Internet of Things (IoT) platform with inclusive bandwidth, delivering full visibility of a vessel or fleet’s data anywhere and anytime. Source

May 2021: Marine robotics company Ocean Infinity has acquired software engineering specialists, Abyssal. Abyssal develops and implements proprietary software solutions for the offshore industry geared towards improving the safety and efficiency of subsea operations. As part of Ocean Infinity, the team will play a key role in shaping the enlarged group’s software development capability as it continues to grow and provide ever expanding robotics and data acquisition services to its marine customer base. Abyssal’s technology ranges from a managed cloud data platform, synthetic environments, advanced 3D visualisation and operation management system tools. With artificial intelligence enabled digital twinning core to its services, Abyssal enables some of the world’s largest offshore operators to safely deliver complex projects. Source