Maritime analytics is the systematic analysis of data to provide stakeholders in the maritime ecosystem with insights and tools to help them make better decisions for their businesses. The marine analytics market's size is mostly determined by ship numbers and usage. River transportation and middle-class consumer spending are expanding the market. Logistics businesses are using big data more, which improves the industry. Blockchain, AI, automation, and IoT have made maritime transportation important. COVID-19 megatrends may change ship operations. Megatrends will boost marine analytics market growth in the next years.
The global Maritime Analytics Market size is anticipated to witness a compound annual growth rate (CAGR) of 13.91% from 2023 to 2030.
Leading Companies in the Maritime Analytics Industry
1. Inmarsat GHL (Connect Bidco Limited)
Inmarsat GHL (Connect Bidco Limited) is a British satellite telecommunication company offering global mobile services. It was founded in 1979 and headquartered in London, England. It operates in more than 40 countries worldwide. In May 2023, ClassNK has given its Innovation Endorsement to Inmarsat's Fleet Secure Endpoint. This means that the solution meets the requirements of the International Maritime Organization (IMO) 2021 regulation for effective cyber risk management.
2. Windward Limited
Windward Limited is a provider of AI-based data analytics solutions for maritime. It provides data-based insights on the events happening at the sea. It was founded in 2010 and headquartered in Tel Aviv, Israel. It operates in in five additional locations around the world. In May 2023, Windward Ltd launched the shipment analytics dashboard, which shows data and analytics about the performance of customer shipments and carriers.
3. Amplify Mindware Private Limited
Amplify Mindware Private Limited inolved in Software publishing, consultancy and supply [software, operating systems software, business & other applications software, computer games software for all platforms. It was founded in 2004 and headquartered in Maharashtra, India. It operates in more than 20 countries.
4. Spire Global, Inc.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns. It was founded in 2012 and headquartered in California, United States. It operates in a fleet of more than 110 CubeSats. In May 2023, Deep Navigation AnalyticsTM (DNA), a platform for weather information for the marine industry, was introduced by Spire Global.
5. ProGen Business Solutions Private Limited
ProGen Business Solutions Private Limited is focused on providing high quality products and solutions for data integration, data analysis & reporting requirements of enterprise customers. It was founded in 2009 and headquartered in Telangana, India. It has enterprises in 6 countries.
6. Wartsila Oyj Abp
Wartsila Oyj Abp is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets, was founded in 1834 and headquartered in Helsinki, Finland. It operates in around 80 countries. In Aug 2022, Wartsila plans to digitalize the maritime operations of Associated British Ports.
7. Prisma Electronics SA (Laros)
Prisma Electronics SA (Laros) was founded in 1991 and headquartered in Alexandroupolis in North-East of Greece. It operates in more than 100 countries. In Nov 2020, Prisma Electronics worked with i4 Insight to incorporate its LAROS™ sensor hardware data into the platform, which can ingest data from numerous maritime sources and optimize fleet operations. This data on the i4 Insight platform will help charterers, owners, and operators improve operating efficiency and minimize operational costs.
8. U-Ming Marine Transport Corporation
U-Ming Marine Transport Corporation was founded in 1968 and headquartered in Taiwan. China. Its operations are spread across Taiwan, the British Virgin Islands, the Cayman Islands, Taipei, the Marshall Islands, Singapore and Hong Kong. In Sept 2020, U-Ming Marine Transport Corporation (U-MING) has partnered with Ericsson to digitize its fleet performance management through intelligent Internet of Things (IoT) connectivity.
9. ABB Ltd.
ABB Ltd. is a Swedish-Swiss multinational corporation , founded in 1988 and headquartered in Zürich, Switzerland. It operates in more than 100 countries. In April 2023, ABB has been contracted by Meyer Turku to provide integrated power and propulsion solutions for two sophisticated multi-purpose patrol vessels for the Finnish Border Guard. ABB will provide its Azipod propulsion units, Onboard DC Grid power systems, and Power and Energy Management Systems to support the ice-breaking and high-maneuverability capabilities of the vessels.
*Definition: Maritime analytics is the systematic study of data to offer insights and tools to players in the maritime ecosystem to assist them make better business decisions. In other words, it is the process of gathering and analyzing data to generate and disseminate useful knowledge and actionable intelligence about shipping-related activities at any scale and for a wide range of relevant use cases.
