Insights on the Ports and Terminals Operations Global Market to 2027 - by Service, Application and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Ports and Terminals Operations Market Size, Trends & Growth Opportunity, By Service, By Application, By Region and Forecast till 2027." report has been added to ResearchAndMarkets.com's offering.

The global Ports and Terminals Operations market was valued at USD 3,140.30 Mn in 2021, which is expected to reach USD 7,030.00 Mn by 2027 at a CAGR 9.64% from 2021-2027.

Terminal Operations refers to the services provided at a port terminal, which include cargo handling, storage, transshipment, and cargo delivery to vessels, as well as related services. A virtual point where network connections begin and end is referred to as a port. The operating system of a computer manages ports, which are software-based. Each port is linked to a particular process or service. Sea freight services offer numerous advantages, including large cargo space availability, cost-effectiveness, and safety. Over the forecast period, the industry's growth will be driven by the expansion of maritime logistics services.

Market Drivers

Rising Government efforts to promote the ports sector.

Ports constitute an important economic activity in coastal areas. Ports are also important for the support of economic activities in the hinterland since they act as a crucial connection between sea and land transport. Due to this, governments across the various countries are focusing on promoting port operation. Increasing investment and cargo traffic point towards a healthy outlook for the ports sector.

Providers of services such as operation and maintenance (O&M), pilotage and harboring and marine assets such as barges and dredgers are benefiting from these investments.

Market Restraints

Port operators are focusing on digital transformation to optimize operational activities and expand the capabilities, such as monitoring of infrastructure, collecting real-time data and among others. This transformation is based on the technologies such as big data, cloud computing, Internet of Things (IoT) and incorporation of these technologies in the system has made the ports vulnerable to cyber-attacks. To utilize technologies at their full potential awareness regarding cyberattacks can be raised among the stakeholders and cybersecurity can be developed.

Thus, cyber-attacks can be challenging factor for the growth of the port and terminal market, during the forecast period.

Key Players

Various key players are listed in this report such as APM Terminals, China Merchants Port Holdings Co. Ltd, COSCO SHIPPING LINES Co. Ltd., DP World, EUROKAI GmbH & Co. KGaA, Hutchison Port Holdings Trust, International Container Terminal Services Inc. (ICTSI), Ports America Inc., PSA International Pte. Ltd., SAAM

Market Taxonomy

By Service

• Stevedoring
• Cargo and handling transportation
• Others

By Application

• Food Transportation
• Coal Transportation
• Steel Transportation
• Others

By Region

• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Ports and Terminals Operations Market?
• What will be the growth rate from 2021 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?

For more information about this report visit https://www.researchandmarkets.com/r/uusu0e