Global Port Management and Information System (PMIS) Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Port Management and Information System (PMIS) Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Port Management Information System (PMIS) is a modular, configurable software system used to plan, control and execute primary port operations and related business processes, including visit management, ship calls, wagon and cargo management, billing and statistics reports. These software systems use the data collected to coordinate critical port operations efficiently, maximizing productivity and minimizing delays and unnecessary fuel consumption. Ports around the world have implemented a variety of different PMISs, with large and complex container operations benefiting the most.

Market Overview:

The latest research study on the global Port Management and Information System (PMIS) market finds that the global Port Management and Information System (PMIS) market reached a value of USD 129.4 million in 2023. It’s expected that the market will achieve USD 209.23 million by 2029, exhibiting a CAGR of 8.34% during the forecast period.

Advantages of PMIS

The shipping industry involves many complex processes and has to deal with dynamic market conditions. Global commercial fleets, large ports, and small local operators can all benefit greatly from PMIS' digital technology. The key modules of PMIS include vessel call management; real-time vessel traffic management; cargo operation management; crane management; service scheduling and management; integrated invoicing; statistics and management reports. First, PMIS is a fully web-based application that can be easily used across an organization and extends access to authorized stakeholders. The modular architecture enables each system to contain only the modules needed, making the solution cost-effective and providing options for expansion when required. Second, the implementation of digital technologies in the shipping industry presents opportunities to modernize operations and build smarter ships and fleets, with increased consumer demand for various commodities leading to growth in global supply chains. Since PMIS is a single source of sufficient and accurate information fully available on a single integrated and standardized platform, it functions to meet the requirements of all members of the port community to fully control the flow of freight and replace paperwork with electronic information distribution. PMIS can also notify all parties about delays or misplacement of cargo in transit, reduce the number of container movements within the terminal, improve haul truck turnaround time, thereby reducing traffic congestion and detention charges, and improving port security. By improving the efficiency of port operations, PMIS can significantly reduce port-related emissions and noise, improving the health of port workers and nearby communities. In addition, the highly secure IT system is fully integrated through web services and state-of-the-art technology to provide shippers with accurate cargo information including its current location, thereby improving their services. Overall, PMIS has many advantages. As the advantages of PMIS are known to more people, the PMIS industry will develop faster.

Development of the shipping industry

The world of shipping is diverse and there are various types of ships designed for different functions. Cargo ships transport general cargo, while tankers transport liquid cargo such as oil and natural gas. Container ships are designed to transport standardized containers, while bulk carriers handle commodities such as grain, coal, and iron ore. Shipping plays a vital role in global trade, and continued economic expansion has led to increased global trade. Some 80% of global trade volume and more than 70% of global trade value are carried by sea and are handled by ports around the world. Population growth and continued urbanization have also increased the demand for maritime transport services. The maritime industry must continue to innovate and adopt new technologies to meet this growing demand. The shipping industry is facing critical situations in international trade and commerce, energy and commodity markets, international politics, and keeping the multi-trillion-dollar shipping industry going. Changes in trade patterns between countries, geopolitical tensions, and trade disputes can affect shipping volumes, freight rates, and investment decisions. The increase in the use of standardized container shipping has led to an increase in port terminal activity. Melting Arctic ice has opened up shorter trade routes, reducing shipping time and costs. A big area of technological innovation in the shipping industry is digitalization. With the advent of sophisticated software systems, data analytics, and IoT devices, shipping companies can now better manage their operations, track shipments, optimize routes and enhance supply chain visibility. At the same time, the shipping industry faces significant regulatory and environmental challenges, with increasing pressure on shipping companies to become carbon neutral by 2050. Addressing these opportunities and challenges requires innovative solutions and proactive measures to ensure compliance and environmental sustainability in the shipping industry. With PMIS, fleet operations managers can assess time spent in major ports, estimate possible delays, and make voyage-related choices such as reducing speed to save fuel and improve vessel efficiency. PMIS will help ports track ships as they cross oceans, plan efficient operations while accounting for bunkering costs and weather, and review visual voyage reports to analyze events. In conclusion, as the shipping industry continues to evolve and adapt to changing dynamics, it is imperative to stay informed and stay ahead of the curve. PMIS can help players make informed decisions and take advantage of emerging opportunities in this dynamic industry, and the growth of the shipping industry will drive the expansion of the PMIS industry.

Region Overview:

In 2022, the share of the Port Management and Information System (PMIS) market in Asia-Pacific stood at 34.15%.

Company Overview:

The major players operating in the Port Management and Information System (PMIS) market include Wärtsilä, Data-Core Systems, Saab, Intech Creative Services, Innovez One, etc. Among which, Wärtsilä ranked top in terms of sales and revenue in 2023.

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasize innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries shape the decarbonization transformation of our industries across the globe.

Wärtsilä Energy helps our customers in decarbonization by developing market-leading technologies. These cover future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimization technology, including the GEMS energy management platform.

Wärtsilä Marine Power's broad portfolio of engines, digital technologies, propulsion systems, hybrid technology, and integrated powertrain systems delivers the efficiency, reliability, safety, and environmental performance needed to support our customers.

Wärtsilä Marine Systems supports customers with high quality products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair and electrical integrations.

In addition, Wärtsilä Portfolio Business consists of business units, which are run independently to accelerate performance improvement and unlock value through divestments or other strategic alternatives.

Data-Core Systems' Automation Practice is focused on New-Age Automation technologies and leverages our extensive R&D, Advisory & Transformation Services capabilities. Data-Core has engineered a multitude of tools and frameworks across industries - Automated Machine Learning, test automation frameworks, AI-enabled business process workflows, automated security and DevOps frameworks. Data-Core creates solutions that provide real returns on clients' investments. For over 30 years, Data-Core has built its reputation on the timeliness, cost efficiency and quality of its projects.

Data-Core Systems is 1020 people strong & offers smart, innovative services to clients worldwide. Data-Core belongs to the DCS Group, a diversified multinational conglomerate founded in 1950. The DCS Group is a major global engineering and construction management firm.

Segmentation Overview:

By type, Web Based segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Ports segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Port Management and Information System (PMIS) market covered in Chapter 3:

Envision
Innovez One
Indra
TRITON SGSP
SWARCO
Data-Core Systems
Saab
Wärtsilä
Nicom
Intech Creative Services
GISGRO
Navayuga Infotech

In Chapter 4 and Chapter 14.2, on the basis of types, the Port Management and Information System (PMIS) market from 2019 to 2030 is primarily split into:

Cloud Based
Web Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Port Management and Information System (PMIS) market from 2019 to 2030 covers:

Ports
Maritime Safety Administration
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)