South America 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 South America maritime analytics market was valued at US$ 48.69 million in 2023 and is projected to reach US$ 73.41 million by 2028; it is expected to grow at a CAGR of 8.6% from 2023 to 2028.
Rising Trend of Digitalization in Global Maritime Industry is Driving the South America Maritime analytics Market
The integration of digital technologies in maritime processes, operations, and business models to enhance productivity, increase security, and reduce operational costs has been growing at an unprecedented rate. Due to escalating customer demands and industry competitiveness, digital transformation has become a fundamental need for any company's long-term success and competitive advantage. Companies worldwide are adopting digitization to improve their business processes to increase operational throughput and profits. The marine industry is no exception to this tendency, and it is currently undergoing a paradigm transition because of shifting business models, technological adoption, cost structures, and increased competition. The key areas for digital transformation in the maritime industry include developing new business models, digitalizing core operations, and using analytics for better decision-making. Companies use maritime analytics to improve their daily operations, including cargo handling, port operations, vessel deployment, empty repositioning, and freight routing. Factors such as process optimization, high operational efficiency, cost reduction, and the prevention of human errors are fueling the demand for digital solutions in the global maritime industry.
Since growing digitalization is making maritime a data-rich industry globally, the penetration of descriptive analytics, predictive analytics, diagnostic analytics, and prescriptive analytics is also gaining prominence in maritime operations. This factor is contributing to the overall growth of the maritime analytics market. The maritime industry has understood the value of utilizing analytics and data to bring transparency and drive more efficiency in maritime. More and more companies globally are investing in maritime analytics technologies to drive efficiency in trade, gain full visibility for their cargo, optimize ship operations, and boost port operations efficiency. The rising demand for smarter and more advanced solutions in shipping and maritime is backed by an increasing number of maritime technology companies. Use of advanced maritime technology coupled with rising number of players is driving the scope of maritime analytics market.
South America Maritime Analytics Market Overview
South America comprises fast-growing economies such as Brazil, Argentina, and Colombia, along with the strong presence of several small island nations. The strong presence of tourism and commercial marine industries has contributed significantly to the notable number of marine vessels and marinas for sea-related leisure and sports activities. The industry is heavily fragmented, with a significant number of small players facilitating development of port infrastructure and technological adoption for seamless operation across prominent commercial ports throughout Latin American countries. Colon and Balboa ports in Panama and Santos in Brazil are among the leading container ports of the region.
Countries such as Brazil, Argentina, and Colombia are increasingly witnessing a surge in international trade volume. As per UNCTAD, maritime trade in Latin America and the Caribbean (LAC) in 2021, including goods loaded and discharged, witnessed a 3% increase over 2020. Such trade growth has attracted notable modernization of their maritime asset management and operation through technologically advanced solutions. Though currently, the major share of the maritime-related infrastructure is consolidated in Brazil, which has emerged as a focus point for goods trade through South America. However, other countries such as Colombia, Argentina, and Peru are expected to attract moderate demand for data analytics solutions in the coming years.
South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
South America Maritime analytics Market Segmentation
The South America 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 South America maritime analytics market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2023.
ShipNet; Kpler; LgMAR; and Windward Ltd are the leading companies operating in the South America maritime analytics market.
Rising Trend of Digitalization in Global Maritime Industry is Driving the South America Maritime analytics Market
The integration of digital technologies in maritime processes, operations, and business models to enhance productivity, increase security, and reduce operational costs has been growing at an unprecedented rate. Due to escalating customer demands and industry competitiveness, digital transformation has become a fundamental need for any company's long-term success and competitive advantage. Companies worldwide are adopting digitization to improve their business processes to increase operational throughput and profits. The marine industry is no exception to this tendency, and it is currently undergoing a paradigm transition because of shifting business models, technological adoption, cost structures, and increased competition. The key areas for digital transformation in the maritime industry include developing new business models, digitalizing core operations, and using analytics for better decision-making. Companies use maritime analytics to improve their daily operations, including cargo handling, port operations, vessel deployment, empty repositioning, and freight routing. Factors such as process optimization, high operational efficiency, cost reduction, and the prevention of human errors are fueling the demand for digital solutions in the global maritime industry.
Since growing digitalization is making maritime a data-rich industry globally, the penetration of descriptive analytics, predictive analytics, diagnostic analytics, and prescriptive analytics is also gaining prominence in maritime operations. This factor is contributing to the overall growth of the maritime analytics market. The maritime industry has understood the value of utilizing analytics and data to bring transparency and drive more efficiency in maritime. More and more companies globally are investing in maritime analytics technologies to drive efficiency in trade, gain full visibility for their cargo, optimize ship operations, and boost port operations efficiency. The rising demand for smarter and more advanced solutions in shipping and maritime is backed by an increasing number of maritime technology companies. Use of advanced maritime technology coupled with rising number of players is driving the scope of maritime analytics market.
South America Maritime Analytics Market Overview
South America comprises fast-growing economies such as Brazil, Argentina, and Colombia, along with the strong presence of several small island nations. The strong presence of tourism and commercial marine industries has contributed significantly to the notable number of marine vessels and marinas for sea-related leisure and sports activities. The industry is heavily fragmented, with a significant number of small players facilitating development of port infrastructure and technological adoption for seamless operation across prominent commercial ports throughout Latin American countries. Colon and Balboa ports in Panama and Santos in Brazil are among the leading container ports of the region.
Countries such as Brazil, Argentina, and Colombia are increasingly witnessing a surge in international trade volume. As per UNCTAD, maritime trade in Latin America and the Caribbean (LAC) in 2021, including goods loaded and discharged, witnessed a 3% increase over 2020. Such trade growth has attracted notable modernization of their maritime asset management and operation through technologically advanced solutions. Though currently, the major share of the maritime-related infrastructure is consolidated in Brazil, which has emerged as a focus point for goods trade through South America. However, other countries such as Colombia, Argentina, and Peru are expected to attract moderate demand for data analytics solutions in the coming years.
South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
South America Maritime analytics Market Segmentation
The South America 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 South America maritime analytics market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2023.
ShipNet; Kpler; LgMAR; and Windward Ltd are the leading companies operating in the South America 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. SOUTH AMERICA MARITIME ANALYTICS MARKET LANDSCAPE
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
5. SOUTH AMERICA 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 – SOUTH AMERICA ANALYSIS
6.1 South America: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
7. SOUTH AMERICA MARITIME ANALYTICS MARKET ANALYSIS – BY APPLICATION
7.1 Overview
7.2 South America Maritime Analytics Market Breakdown, by Application, 2022 and 2028
7.3 Optimal Route Mapping
7.3.1 Overview
7.3.2 Optimal Route Mapping: South America 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: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.5 Pricing Insights
7.5.1 Overview
7.5.2 Pricing Insights: South America 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: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
8. SOUTH AMERICA MARITIME ANALYTICS MARKET ANALYSIS – BY END USER
8.1 Overview
8.2 South America Maritime Analytics Market Breakdown, by End User, 2022 and 2028
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Military
8.4.1 Overview
8.4.2 Military: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
9. SOUTH AMERICA MARITIME ANALYTICS MARKET – COUNTRY ANALYSIS
9.1 Overview
9.1.1 SAM: Maritime Analytics Market, by Key Country
9.1.1.1 Brazil: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Maritime Analytics Market, by Application
9.1.1.1.2 Brazil: Maritime Analytics Market, by End User
9.1.1.2 Argentina: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Maritime Analytics Market, by Application
9.1.1.2.2 Argentina: Maritime Analytics Market, by End User
9.1.1.3 Rest of SAM: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Maritime Analytics Market, by Application
9.1.1.3.2 Rest of SAM: 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 LgMAR
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
12. APPENDIX
12.1 About The Insight Partners
12.2 Word Index
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. SOUTH AMERICA MARITIME ANALYTICS MARKET LANDSCAPE
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
5. SOUTH AMERICA 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 – SOUTH AMERICA ANALYSIS
6.1 South America: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
7. SOUTH AMERICA MARITIME ANALYTICS MARKET ANALYSIS – BY APPLICATION
7.1 Overview
7.2 South America Maritime Analytics Market Breakdown, by Application, 2022 and 2028
7.3 Optimal Route Mapping
7.3.1 Overview
7.3.2 Optimal Route Mapping: South America 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: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.5 Pricing Insights
7.5.1 Overview
7.5.2 Pricing Insights: South America 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: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
8. SOUTH AMERICA MARITIME ANALYTICS MARKET ANALYSIS – BY END USER
8.1 Overview
8.2 South America Maritime Analytics Market Breakdown, by End User, 2022 and 2028
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Military
8.4.1 Overview
8.4.2 Military: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
9. SOUTH AMERICA MARITIME ANALYTICS MARKET – COUNTRY ANALYSIS
9.1 Overview
9.1.1 SAM: Maritime Analytics Market, by Key Country
9.1.1.1 Brazil: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Maritime Analytics Market, by Application
9.1.1.1.2 Brazil: Maritime Analytics Market, by End User
9.1.1.2 Argentina: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Maritime Analytics Market, by Application
9.1.1.2.2 Argentina: Maritime Analytics Market, by End User
9.1.1.3 Rest of SAM: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Maritime Analytics Market, by Application
9.1.1.3.2 Rest of SAM: 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 LgMAR
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
12. APPENDIX
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. South America Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Maritime Analytics Market, by Application –Revenue and Forecast to 2028(US$ Million)
Table 3. Brazil: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
Table 1. South America Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Maritime Analytics Market, by Application –Revenue and Forecast to 2028(US$ Million)
Table 3. Brazil: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Maritime Analytics Market Segmentation
Figure 2. South America Maritime Analytics Market Segmentation – By Country
Figure 3. South America Maritime Analytics Market Overview
Figure 4. South America Maritime Analytics Market, By Country
Figure 5. South America Maritime Analytics Market, By End User
Figure 6. South America: PEST Analysis
Figure 7. South America Maritime Analytics Market– Ecosystem Analysis
Figure 8. South America Maritime Analytics Market Impact Analysis of Drivers and Restraints
Figure 9. South America: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. South America Maritime Analytics Market Breakdown, by Application (2022 and 2028)
Figure 11. Optimal Route Mapping: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Predictive and Prescriptive Analytics: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Pricing Insights: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Vessel Safety and Security: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. South America Maritime Analytics Market Breakdown, by End User (2022 and 2028)
Figure 17. Commercial: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Military: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM: Maritime Analytics Market, by Key Country – Revenue (2022) (US$ Million)
Figure 20. SAM: Maritime Analytics Market Revenue Share, By Key Country (2022 and 2028)
Figure 21. Brazil: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of SAM: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 1. South America Maritime Analytics Market Segmentation
Figure 2. South America Maritime Analytics Market Segmentation – By Country
Figure 3. South America Maritime Analytics Market Overview
Figure 4. South America Maritime Analytics Market, By Country
Figure 5. South America Maritime Analytics Market, By End User
Figure 6. South America: PEST Analysis
Figure 7. South America Maritime Analytics Market– Ecosystem Analysis
Figure 8. South America Maritime Analytics Market Impact Analysis of Drivers and Restraints
Figure 9. South America: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. South America Maritime Analytics Market Breakdown, by Application (2022 and 2028)
Figure 11. Optimal Route Mapping: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Predictive and Prescriptive Analytics: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Pricing Insights: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Vessel Safety and Security: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. South America Maritime Analytics Market Breakdown, by End User (2022 and 2028)
Figure 17. Commercial: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Military: South America Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM: Maritime Analytics Market, by Key Country – Revenue (2022) (US$ Million)
Figure 20. SAM: Maritime Analytics Market Revenue Share, By Key Country (2022 and 2028)
Figure 21. Brazil: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of SAM: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)
