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The maritime analytics market size was valued at US$ 1.27 billion in 2024 and is expected to reach US$ 2.56 billion by 2031; it is estimated to record a CAGR of 10.6% from 2025 to 2031. Integration of AI and ML with maritime analytics software is likely to remain a key market trend.
Maritime Analytics Market Analysis
One of the key benefits of maritime analytics is its ability to help companies comply with stringent environmental regulations. It can assist in monitoring emissions, optimizing fuel usage, and ensuring compliance with international environmental standards, such as the International Maritime Organization's (IMO) regulations on carbon emissions. Among the primary drivers contributing to the adoption of maritime analytics is the need for operational optimization. It helps companies streamline processes such as fleet management, route optimization, fuel consumption, and maintenance scheduling. By leveraging real-time data, businesses can make data-driven decisions to reduce fuel usage, improve fleet performance, and lower operational costs, contributing to more efficient and profitable operations. The rapid advancements in artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and cloud computing fuel the growth of the maritime analytics market. These technologies enable the collection, processing, and analysis of vast amounts of data from ships, ports, and supply chains, offering businesses the tools to improve decision-making, predict trends, and enhance overall operational performance.
Maritime Analytics Market Overview
Maritime analytics refers to the use of advanced data analytics, AI, and ML technologies to optimize and enhance operations within the maritime industry. The process involves collecting, processing, and analyzing vast amounts of data generated by ships, ports, and other maritime assets to improve decision-making, streamline processes, and drive efficiencies. Maritime analytics provides shipping companies, logistics providers, and port authorities with actionable insights that can reduce operational costs, improve safety, and increase overall efficiency. These analytical tools can track vessel performance, monitor fuel consumption, optimize shipping routes, predict maintenance needs, and enhance crew management. By leveraging real-time data, maritime analytics allows companies to proactively address potential issues such as equipment failures, route inefficiencies, or safety risks, thereby reducing downtime and increasing profitability.
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Maritime Analytics Market: Strategic Insights
Market Size Value in US$ 1,077.42 million in 2022 Market Size Value by US$ 2,185.88 million by 2028 Growth rate CAGR of 13.3% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2022
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Maritime Analytics Market: Strategic Insights
| Market Size Value in | US$ 1,077.42 million in 2022 |
| Market Size Value by | US$ 2,185.88 million by 2028 |
| Growth rate | CAGR of 13.3% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
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Maritime Analytics Market Drivers and Opportunities
Increasing Maritime Logistics and Digitization
As international trade continues to increase, the maritime industry faces greater demands for efficiency, sustainability, and real-time operational visibility. Maritime analytics plays a crucial role in meeting these demands by providing data-driven insights to optimize shipping operations, improve fleet management, and reduce costs. As per the UN Trade and Development (UNCTAD), in 2023, global maritime trade grew by 2.4% to 12.3 billion tons, rebounding from the 2022 contraction. The sector is projected to grow from 2% in 2024 to an average of 2.4% annually through 2029. In order to expand maritime transportation, logistics, and supply chain capabilities, key companies are making investments. In March 2025, CMA CGM Group, a global leader in maritime, land, air, and logistics solutions and the owner of the US flag carrier American President Lines (APL), announced a US$ 20 billion investment for strengthening the US maritime economy and supporting the transformation of America’s domestic supply chain over the next four years. This announcement further builds on CMA CGM Group’s 35-year history in the US. The Group currently operates in 40 states and employs 15,000 people across the country. As a key partner in US trade, CMA CGM transports over 5 million shipping containers to and from the US annually.
Digital technologies and data-driven solutions are transforming the maritime sector, driving efficiency, improving decision-making, and optimizing overall performance across various facets of the industry. The adoption of digital technologies has enhanced vessel management and maintenance, improving reliability, extending lifespan, and reducing costs. The shift toward digitalization and automation is accelerating in the maritime industry. Digital technologies and solutions are being leveraged to enhance competitiveness and drive operational efficiency. These innovations are advancing the industry's decarbonization efforts, with the goal of achieving zero emissions in international shipping by mid-century. In March 2025, India and Singapore signed a Letter of Intent (LoI) to collaborate on maritime digitalization and decarbonization projects, including identifying relevant stakeholders who could contribute to the effort and work toward formalizing the partnership through a memorandum of understanding on a Singapore-India Green and Digital Shipping Corridor (GDSC). Thus, the increasing trend of digitization, along with the expanding maritime logistics, is driving the growth of the maritime analytics market.
Regulatory Compliance and Sustainability Initiatives
Regulatory bodies have implemented proactive measures to reduce the environmental footprint of maritime transport. For example, the International Maritime Organization (IMO) introduced the Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII) to enforce stricter environmental standards. Effective January 1, 2023, these initiatives aim for a 50% reduction in greenhouse gas (GHG) emissions from ships by 2050, based on 2008 levels. The EEXI and CII set benchmarks to measure carbon dioxide emissions per ton of cargo transported per nautical mile (IMO, 2021a, 2021b). Additionally, the European Union's 'Fit for 55' program targets a 55% reduction in GHG emissions by 2030 compared to 1990 levels (European Commission, 2021a; European Commission, 2021b).
As governments and international organizations are implementing stringent emission reduction targets and sustainability regulations, shipping companies are turning to advanced analytics solutions to ensure compliance. These analytics tools enable companies to monitor and manage their environmental impact, track emission levels, optimize fuel usage, and improve fleet sustainability. By adopting these solutions, firms can meet current and future regulations while simultaneously advancing their corporate social responsibility (CSR) objectives. This increasing demand for sustainability and compliance-driven solutions creates a strong market opportunity for providers of maritime analytics technologies as shipping companies focus on enhancing operational efficiency and reducing their environmental footprint.
Maritime Analytics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the maritime analytics market analysis are component, deployment mode, application, and end user.
- Based on component, the market is bifurcated into software and services. The software segment dominated the market in 2024.
- On the basis of deployment mode, the market is bifurcated into on-premises and cloud. The cloud segment dominated the market in 2024.
- By application, the market is divided into optimal route mapping, predictive and prescriptive analytics, pricing insights, vessel safety and security, and others. The predictive and prescriptive analytics segment dominated the market in 2024.
- As per end user, the market is bifurcated into commercial and military. The commercial segment dominated the market in 2024.
Maritime Analytics Market Share Analysis by Geography
- The maritime analytics market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2023, followed by Europe and North America.
- In the North American region, the US is known for its advanced port infrastructure and robust maritime sector, largely driven by the country's reliance on imported goods industries. Based on the US Maritime Shipping Import-Export Trade Data for 2023, the US has a total trade volume of US$ 5.21 trillion, with a trade deficit of US$ 1.19 trillion. The outsourcing of manufacturing and production to Asian economies has strengthened this dependency. The US maritime industry depends on specialized technical solutions and services to ensure the efficient operation, maintenance, and growth of its infrastructure. The availability of financial support, coupled with the early adoption of advanced technological solutions, has accelerated the uptake of maritime analytics software among US businesses. This shift has resulted in the widespread adoption of modern tools focused on predictive maintenance, route optimization, security, and risk management within the maritime sector, creating opportunities for market players. In November 2024, Kpler, a data and analytics platform for seaborne trade intelligence, signed an agreement to acquire Spire Maritime, a provider of satellite-powered data for real-time global vessel tracking, from Spire Global. The deal, valued at US$ 241 million, includes a US$ 233.5 million purchase price and an additional US$ 7.5 million for services over 12 months following the closure. This acquisition underscores the growing demand for maritime analytics in the region.
Maritime Analytics Market Report Scope
Maritime Analytics Market News and Recent Developments
The maritime analytics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the maritime analytics market are listed below:
- Maritech Holdings Limited brand Sea migrated all customers from the latest acquisitions of Chinsay and MarDocs onto the Sea contract management solution. In doing so, Sea reached an important milestone in its ambition to create a consolidated platform for managing and concluding recaps and charter parties, benefiting all participants across the global maritime trade ecosystem.
(Source: Maritech Holdings Limited, Press Release, June 2025)
- Windward unveiled its groundbreaking Critical Maritime Infrastructure Protection solution. This AI-powered innovation is specifically designed to safeguard crucial global maritime infrastructure, including cables, pipelines, and rigs, from escalating security threats.
(Source: Windward, Press Release, February 2025)
Maritime Analytics Market Report Coverage and Deliverables
The "Maritime Analytics Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Maritime analytics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Maritime analytics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Maritime analytics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the maritime analytics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The maritime analytics market is expected to reach US$ 2.56 billion in the year 2031.
The key players, holding majority shares, in maritime analytics market includes Wärtsilä, Inmarsat Global Limited, ABB, ZeroNorth A/S, and Hexagon AB.
The Asia Pacific held the largest market share in 2024, followed by Europe.
The maritime analytics market was valued at US$ 1.27 billion in 2024 and is projected to reach US$ 2.56 billion by 2031; it is expected to grow at a CAGR of 10.6% during 2025–2031.
Integration of AI and ML with maritime analytics software are the future trends of the maritime analytics market.
Increasing maritime logistics and digitization, rising need for maritime vessel management, and growth in maritime infrastructure and smart ports are the driving factors impacting the maritime analytics market.
The List of Companies - Maritime Analytics Market
- Maritech Holdings Limited
- ShipNet
- Windward Ltd
- Kpler
- OrbitMI, Inc.
- ZeroNorth A/S
- SOLITWORK A/S
- Viasat Inc
- Hexagon AB
- ABB Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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