Marine e-logs Software Market Size, Share, Trends, Industry Analysis Report, By Component (Software and Services), Deployment Mode, Location, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Market Forec

Marine e-logs Software Market Size, Share, Trends, Industry Analysis Report, By Component (Software and Services), Deployment Mode, Location, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Market Forecast, 2024- 2032

The global marine e-logs software market size is expected to reach USD 245.63 million by 2032, according to a new study by Polaris Market Research. The report “Marine e-logs Software Market Size, Share, Trends, Industry Analysis Report, By Component (Software and Services), Deployment Mode, Location, End User, Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), Market Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The marine e-logs software market is experiencing steady growth, driven by innovations in performance tracking, fuel monitoring, and real-time weather reporting, all of which require reliable bandwidth. As adoption of this software becomes widespread, it is becoming a standard tool for optimizing operations and reducing long-term operational costs. Therefore, the gradual increasing utilization is expected to prompt the development of standardized global regulations to simplify compliance with the complex web of regional and international maritime laws. Additionally, as regulatory requirements evolve, a heightened focus on training will be essential; thus, online learning platforms, augmented reality, and virtual reality are likely to emerge as key resources for equipping marine professionals to navigate compliance challenges effectively.

The awareness regarding sustainability has led to stricter environmental rules which probably will be imposed to combat climate change and environmental issues. This may include more stringent regulations on the use of renewable fuels, pollution, and waste disposal. For instance, in February 2022, The Michelin Group introduced its revolutionary Wing Sail Mobility (WISAMO) system, an inflatable fabric ""wing"" hybrid wind propulsion system that lowers related greenhouse gas emissions and improves vessel fuel economy.

In recent years, digitalization, artificial intelligence, and increased connectivity are revolutionizing global marine e-logs software by making it possible to monitor cargo and ships in real time remotely. The use of the Internet of Things (IoT) and applications is made possible by artificial intelligence (AI) and machine learning to develop sustainable decarbonization solutions and lower operational costs. These efforts will be fueled by improved vessel connectivity and speedier maritime communications. For instance, in 2022, SpaceX’s Starlink provided extremely low latency connectivity between ships and land by incorporating Geostationary orbiting (GEO) satellites with the goal of reducing connectivity latency. This was possible due to advancements in digitalization and the adoption of the Internet of Things.

Marine e-logs Software Market Report Highlights

The software segment dominated the market, largely attributable to their quick, simple, and affordable way to increase the effectiveness of the vessels.

The cloud segment accounted for the largest market share by providing a safe platform for maritime stakeholders to safely access technical services in order to obtain additional information for decision-making both ashore and on board.

The commercial vessels segment dominated the market, highly accelerated due to a broad variety of cargo, including raw materials, completed commodities, consumer goods, and machinery.

The naval vessels segment is anticipated to grow with the highest CAGR owing to their significantly higher payload capacities, better stability, and fuel efficiency for military objectives.

North America dominated the market owing to an increase in seaborne trade, economic expansion, and rising energy consumption.

The global key market players include ABS Wavesight; Catchlog Trading Pty. Ltd.; Kongsberg Maritime; MariApps Marine Solutions; NAPA; Navtor A.S.; Opsealog; SERTICA; Trackwell; Wärtsilä; and Weilbach.

Polaris Market Research has segmented the marine e-logs software market report based on component, deployment mode, location, end user, and region:

By Component Outlook (Revenue - USD million, 2019 - 2032)

Software

Tracking & Monitoring

Navigation & Routing

Supply Chain & Logistics

Finance & Accounting

System Testing

Services

Professional Services

Managed Services

By Deployment Mode Outlook (Revenue - USD million, 2019 - 2032)

Cloud

On-Premises

By Location Outlook (Revenue - USD million, 2019 - 2032)

Onshore

Offshore

By End User Outlook (Revenue - USD million, 2019 - 2032)

Commercial Vessels

Cargo Vessels

Fishing Vessels

Tankers Vessels

Others

Naval Vessels

By Regional Outlook (Revenue - USD million, 2019 - 2032)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Australia

Malaysia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa