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The harbor management software market is projected to grow by USD 25.46 Million from 2024-2028, with AI impacting trends and rising cloud adoption boosting growth – Technavio

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Harbor Management Software Market size is estimated to grow by USD 25.46 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.81%  during the forecast period. Growing adoption of cloud-based harbor management software is driving market growth, with a trend towards emergence of digitalization and IOT integration  However, lack of training in harbor management software  poses a challenge – Key market players include Accel KKR, DockMaster, George James Software Ltd., Harba ApS, Harbour Assist, Harbour Mastery Inc., Havenstar MMS Ltd., J.F. Brennan Company Inc., James Fisher and Sons Plc, Leonardo Spa, Marina Master, Mission Critical Software LLC, Nautical Software Solution, Online Mooring LLC, Pacsoft International Ltd., Saab AB, Scribble Software Inc., Tallykey AS, TPG Marine Enterprises LLC, and Wartsila Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Harbor Management Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.81%

Market growth 2024-2028

USD 25.46 th

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.24

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key countries

US, UK, Japan, China, and Italy

Key companies profiled

Accel KKR, DockMaster, George James Software Ltd., Harba ApS, Harbour Assist, Harbour Mastery Inc., Havenstar MMS Ltd., J.F. Brennan Company Inc., James Fisher and Sons Plc, Leonardo Spa, Marina Master, Mission Critical Software LLC, Nautical Software Solution, Online Mooring LLC, Pacsoft International Ltd., Saab AB, Scribble Software Inc., Tallykey AS, TPG Marine Enterprises LLC, and Wartsila Corp.

Market Driver

The harbor management software market is witnessing a notable trend with the integration of digitalization and IoT technology. This shift is transforming how ports and maritime operations are managed. Real-time data collection from IoT sensors deployed across ports and vessels is driving this trend. Data on vessel movements, cargo handling, weather conditions, environmental parameters, and equipment performance is gathered. Harbor management software utilizes this data to deliver valuable insights, enabling informed decisions regarding resource allocation, vessel scheduling, and maintenance activities. IoT sensors on port assets and vessels monitor their condition and performance, predicting maintenance needs and reducing downtime. Additionally, IoT devices and sensors enhance port safety and security by detecting unauthorized access, intrusions, and potential hazards. Harbor management software incorporates these security features, ensuring comprehensive monitoring and response capabilities. Digitalization and IoT integration are expected to fuel market expansion throughout the forecast period.

Harbor management software is a vital tool for the maritime business, enhancing operational efficiency and reducing costs for import/export firms, cargo carriers, and new ports. With the rise of free trade agreements, containerization transport, and emission laws, the need for effective harbor management software is more crucial than ever. The software helps manage policies related to conflict zones, freight security, and sea routes, ensuring compliance and safety. Digital transformation is a significant trend in the harbor management software market, with AI and big data playing essential roles. Operational cost savings, shipyard productivity, and supply chain operations are key benefits. Environmental impact is also a consideration, with cybersecurity measures essential to protect ship management data from cyber attacks. Moderate competition exists among software providers, offering on-premise and cloud deployment modes to cater to various business sizes, from SMEs to large transportation services. Additional features include vessel tracking, ship broker services, and warehouse management systems, integrating cargo information and digital technologies to streamline operations. Boatyards, marinas, boat dealers, and maritime surveillance are also served by this software market. 

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Market Challenges

Harbor management software plays a crucial role in optimizing the operations of ports and terminals. However, the implementation of this technology in enterprises can be intricate, necessitating extensive user training. This training process can delay the extraction of essential information, thereby decreasing harbor efficiency. Developing countries, such as China and Brazil, face challenges in adopting harbor management software due to a shortage of trained personnel. Moreover, local vendors in these regions are often unaware of the software’s benefits and lack the expertise to maximize its potential usage. Consequently, the scarcity of skilled professionals is a significant barrier to the growth of the harbor management software market during the forecast period.The Harbor Management Software market faces moderate competition from various players offering solutions for warehousing, vessel tracking, ship brokers, digital transformation, and supply chain operations. Boat yards, marinas, and boat dealers also utilize these systems for managing their productivity and workforce. Cargos and shipping logistics are key focus areas, with global supply chains requiring real-time cargo information and transportation services. Environmental impact is a growing concern, driving the adoption of digital technologies like AI and Big Data. Cybersecurity measures are essential to protect ship management data from cyber attacks. Deployment modes include On-Premise and Cloud, catering to both SMEs and large enterprises. Additionally, crew management, harbor and port management, reservation management, and warehouse management systems are integral parts of this market.

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Segment Overview

This harbor management software market report extensively covers market segmentation by

End-user 1.1 SMEs1.2 Large enterpriseDeployment 2.1 On-premises2.2 CloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 SMEs-  Harbor management software is an essential tool for Small and Medium Enterprises (SMEs) in the maritime industry. This software streamlines operations, minimizing manual paperwork and administrative tasks, leading to cost savings through improved resource allocation and overall efficiency. Real-time information on vessel arrivals, departures, berth availability, and cargo handling enhances customer service, resulting in increased satisfaction and repeat business. Data-driven decision-making is crucial, and software collects and analyzes operational data, enabling informed decisions, optimized routes, and planned maintenance. Scalability and flexibility are vital as SMEs grow. Mobile access ensures responsiveness and agility in the dynamic maritime industry. Additionally, safety and security are enhanced with access control and surveillance integration. The industry’s growing focus on environmental sustainability is addressed through optimized routes, reduced idle times, and managed fuel consumption. These benefits promote SME growth, driving the harbor management software market’s expansion during the forecast period.

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Research Analysis

Harbor management software plays a crucial role in the maritime business by streamlining operations for import/export firms, cargo carriers, and new ports. This software enhances operational efficiency and reduces costs through real-time tracking of shipments, automation of processes, and optimization of containerization transport. New free trade agreements and emission laws necessitate the digital transformation of harbor management, making it essential for supply chain operations, shipyard productivity, and workforce management. Containerized transport, shipping logistics, and global supply chains benefit from harbor management software, which also considers the environmental impact of maritime activities. AI and big data are integral to modern harbor management systems, enabling predictive maintenance, cybersecurity measures against cyber attacks, and improved communication between stakeholders. Additionally, boatyards, marinas, boat dealers, and ship management data can also be managed through these advanced systems.

Market Research Overview

Harbor management software plays a crucial role in the maritime business by streamlining operations for import/export firms, cargo carriers, and new ports. This software enhances operational efficiency and reduces costs through real-time cargo tracking, vessel scheduling, and automation of administrative tasks. New ports and free trade agreements expand the market, while containerization transport, emission laws, and policies pose challenges. Digital transformation, supply chain operations, and shipyard productivity are key areas of focus. Sea routes, maritime surveillance, and freight security are essential aspects of harbor management software. Moderate competition exists among software providers, with offerings including crew management, harbor and port management, reservation management, and warehouse management systems. Digital technologies such as AI, big data, and cybersecurity measures are increasingly important in this market. The market caters to both SMEs and large enterprises, with deployment modes including on-premise and cloud solutions. Other applications include boatyards, marinas, boat dealers, ship management data, transportation services, and digital technologies for shipbrokers. Environmental impact, crew management, and ship management data are critical concerns for stakeholders.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userSMEsLarge EnterpriseDeploymentOn-premisesCloudGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Orion Innovation Names Brian Bronson Chief Executive Officer

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Technology Industry Executive and Leader to Drive Next Phase of Company Growth

EDISON, N.J., Nov. 15, 2024 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the appointment of Brian Bronson as Chief Executive Officer, effective immediately. With over 25 years of leadership experience across global technology sectors, Bronson will lead Orion’s next phase of growth and transformation, focusing on expanding the company’s digital capabilities and market presence. Brian succeeds Raj Patil, who will transition to an advisory role with the company and One Equity Partners.

“Brian’s impressive track record of driving profitable growth and leading large-scale organizational transformation makes him the ideal leader for Orion’s next chapter,” said Carlo Padovano, Partner at One Equity Partners and Lead Director of Orion Innovation. “His deep expertise in product engineering, GenAI adoption, and digital transformation perfectly aligns with our vision for Orion’s future.

On behalf of the Orion Board, I’d like to thank Raj for his leadership and dedication in helping develop Orion into a market leader. Raj will transition to an advisory role with the company and One Equity Partners.”

“I’m honored to take on this role and excited about the tremendous opportunities ahead for Orion,” said Bronson. “The company has built an impressive foundation with a blue-chip roster of clients, a global delivery platform, and a talented team with deep domain and engineering expertise. I look forward to working closely with our employees, clients, and partners as we deliver transformative solutions to our clients, drive innovation, and scale our capabilities.”

Before joining Orion, Brian served as EVP of US Telecom, Media, and Entertainment at Capgemini. Additionally, he led the integration and execution of Capgemini’s global engineering services business across the Americas and Asia. This included driving growth in many industries leveraging innovative capabilities tied to 5G, connectivity, and software product engineering. Previously, as President & CEO of Radisys, a leading provider of open telecom solutions, he led the company’s strategic transformation from a hardware company to a provider of cutting-edge software and enabling technologies for the telecom, technology, and medical industries. This transformation culminated in the sale of Radisys to Reliance Industries in 2018, marking a successful exit for the company.

About Orion Innovation

Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale, and maturity, its team of approximately 6,400 associates helps Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in North America, EMEA, India and Latin America, Orion serves clients across Telecom, Media & Technology, Sports & Entertainment, Professional Services, Financial Services, and Healthcare industries. For more information, visit www.orioninc.com

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

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Morrison Securities launches one of Australia’s first plug-and-play global trading to 15 countries with ViewTrade

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SYDNEY, Nov. 15, 2024 /PRNewswire/ — Equities clearing business Morrison Securities (“Morrison”) is launching one of Australia’s first plug-and-play global trading to 15 countries with trading technology provider ViewTrade.

This will mean Morrison’s 38,000+ active clients trading $30 billion annually will only need to go through KYC once and then will be provided unprecedented rapid global trading access.

Morrison will now also offer enhanced global equity and options trading, fixed income, ETFs, seamlessly integrate domestic and global trading, and choice between fully disclosed or omnibus operating models.

ViewTrade has calculated that implementation of solutions like this across all of Australia’s global trading could generate efficiencies of nearly $240 million annually.

A business the size of Morisson launching this solution is a watershed moment for enhancing global opportunities for Australia’s wealth management sector, according to ViewTrade.

Nigel Singh, CEO of ViewTrade International Australia, said: “We are excited to work with Morrison Securities. Together, we are unlocking a world of investment opportunities for Australians. By accessing global markets, firms can offer their clients more diversified portfolios, reducing risk and protecting wealth. This benefits both domestic and international clients. We invite other firms to join us in this partnership and unlock the potential of global market access.”

William Slack, CEO of Morrison Securities, said: “We’ve designed a solution that integrates global market access into our domestic offering for a superior customer experience. With our combined expertise, we’re confident in delivering an efficient, scalable solution tailored to the specific needs of our clients.”

Laksh Gangwani, Chief Revenue Officer – APAC and Middle East at ViewTrade, added: “We are thrilled about the partnership with Morrison Securities as they launch one of Australia’s first plug-and-play global trading solutions to 15 countries. Morrison’s integrated approach to technology, compliance, and operations is enabling investors to complete KYC once, while accessing multiple markets and asset classes with ease. This will ensure Australian investors can build diversified international portfolios with ease.”

ViewTrade (www.viewtrade.com) is a global leader in investment and trading infrastructure solutions that power cross-border investing for financial services firms throughout the world. ViewTrade provides the technology, support, and brokerage services that business innovators need to launch or enhance retail investing experiences. For more than 20 years, ViewTrade has partnered with over 300 clients – from technology startups to large banks, brokers and advisors – to deliver innovative investment solutions and exceptional customer service.

Morrison Securities (https://www.morrisonsecurities.com/) Established in 1985, Morrison Securities is an Australian Broking firm specialising in trading, execution, and clearing services tailored to advisory firms and wholesale clients. They partner with firms to navigate operational challenges and help them realise their full potential. Their comprehensive suite of solutions covers seamless international market access, advanced equities and options trading, capital raising and DVP settlement services, integrated APIs, and stock lending. With a platform-agnostic approach and enterprise-level client service, they prioritise operational excellence and long-term partnerships.

 

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SOURCE ViewTrade

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Australia’s least-favourite chores just got easier with Roborock’s Black Friday & Cyber Monday deals

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SYDNEY, Nov. 15, 2024 /PRNewswire/ — Roborock, the global best-selling robot vacuum brand[i], is thrilled to announce its exclusive deals for Black Friday and Cyber Monday 2024.

Starting from 21 November to 4 December 2024, Roborock is offering significant discounts on a wide range of popular models, with savings of up to $700 – including popular models such as the S8 MaxV Ultra, Qrevo MaxV, Q8 Max+, Qrevo Master, Qrevo S, and Flexi Pro.

In a recent survey conducted across Australia, Roborock found that 27% of Australians would happily skip cleaning their floors forever, with many Aussies also admitting to neglecting high-maintenance tasks such as vacuuming, mopping, and appliance cleaning. With these cleaning challenges in mind, Roborock is offering unbeatable savings on popular models across Black Friday and Cyber Monday, with savings of up to $700.

The deals are available at Robrock Australia’s Official Online Store, Roborock’s Amazon storefront and all authorised retailers.

 Black Friday & Cyber Monday Deals

S8 MaxV Ultra – (SAVE $700) – MSRP $2,999 / Promo: $2,299The S8 MaxV Ultra is the company’s most powerful one-stop cleaning solution, combining the company’s most sophisticated deep cleaning technology with user-friendly features. The model introduces a unique robotic arm and an extra mop that efficiently cleans challenging areas with complete corner cleaning capabilities. Newly launched.Qrevo Master – (SAVE $700) – MSRP $2,699 / Promo: $1,999Newly launched and the most advanced model in the mid-range Qrevo series, the Qrevo Master is built for those who seek top-of-the-line cleaning technology at a mid-range price point. With high-powered suction, deep corner cleaning capabilities, and complete self-maintenance features, it’s designed to tackle the toughest cleaning challenges effortlessly.

Qrevo MaxV – (SAVE $700) – MSRP $2,199 / Promo: $1,499Offers users a complete hands-free floor cleaning experience at the mid-range price point, taking both vacuuming and mopping off your plate while combining powerful cleaning functions, self-maintenance capabilities, and intelligent features such – as pet recognition from flagship models – into one convenient cleaning package.

Qrevo S – (SAVE $400) – MSRP $1,499 / Promo: $1,099Newly launched, the Qrevo S is ideal for those looking for their first robot vacuum that excels at both vacuuming and mopping with self-maintenance features. It blends cleaning performance with a streamlined design for everyday cleaning.

Q8 Max+ – (SAVE $500) – MSRP $1,299 / Promo: $799The Q8 Max+ delivers high-performance cleaning with enhanced navigation and automatic dirt disposal. It’s equipped with powerful suction and a flagship roller brush system making it perfect for homes with mainly hard floors, ensuring a deep and thorough clean.

Flexi Pro – (SAVE $300) – MSRP $999 / Promo: $699 (Available starting 14th November)The Flexi Pro is a versatile handheld vacuum option designed for deep floor cleaning and tight spaces. Capable of handling both wet and dry messes, and the ability to clean itself after every clean-up, the Flexi Pro tackles all types of messes with ease.

According to Roborock’s recent survey, garages are the dirtiest spaces in Australian homes, with 46% of respondents admitting they need more attention. Other problem areas include bathrooms (41%), kitchens (38%), and even kids’ playrooms (32%). Given the demands of busy lives, it’s easy to see why some chores fall through the cracks.

With these exclusive Black Friday and Cyber Monday offers, Roborock makes it easier than ever for Aussies to maintain a clean and comfortable home – without the hassle. Whether it’s tackling neglected garages, high-traffic kitchens, or hard-to-reach corners in the bathroom, Roborock’s innovative products are ready to take on the task.

For more information on Roborock products, please visit https://au.roborock.com  

-ENDS-

Notes to Editors: 

The Roborock survey was conducted by TGM Research and involved 1,028 nationally representative respondents across Australia. The survey aimed to understand the cleaning habits, preferences, and challenges faced by Australians ahead of the launch of Roborock’s Qrevo Master, Qrevo S and H5. 

About Roborock     

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches liveswith its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries.  Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://au.roborock.com/.    

[i] [1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.

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SOURCE Roborock

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