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The Middle East and Africa Marine Fleet Management Software Market is projected to grow at a CAGR of around 6.02% during the forecast period, i.e., 2023-28.
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Middle East and Africa Marine Fleet Management Software Market Research Report: Forecast (2023-2028) Get a Free Updated Sample of the Report:- (2025-2030) MARKNTEL ADVISORS
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Market Insights The Middle East and Africa Marine Fleet Management Software Market is projected to grow at a CAGR of around 6.02% during the forecast period, i.e., 2023-28. The ports in the Middle East, such as Saudi Arabia’s King Abdullah Port, Port Salalah in Oman, Hamad Port in Qatar, Khalifa Port in Abu Dhabi, and Saudi Arabia’s Jeddah Islamic Port, are showcasing exponential growth in economic activities owing to which the region is emerging as a global transshipment hub. According to World Bank’s Global Container Port Performance Index (CPPI), the world’s four best-performing ports of 2021 are currently located in the Middle Eastern region. These busy ports in the region have to deal with large fleet traffic, due to which fleet managers & operators are substantially adopting fleet managing software as it coordinates fleet management activities with much lesser complication.
Market Driver Surging Focus of Fleet Managers on Operational Efficiency to Drive the Surging Focus of Fleet Managers on Operational Efficiency to Drive the Demand for Fleet Management Demand for Fleet Management Software Software - - In the Middle East, heavy investments in container port infrastructure and technological upgradation of ports have led to an increase in average berth moves (container moves) per hour, due to which the ports are witnessing heavy loads. The use of artificial intelligence (AI), data analytics, etc., in fleet management software, helps in tracking & compiling data and analyzing the overall functioning of the vessel, subsequently aiding in saving time & finance. Therefore, the highly competitive business environment of the Middle Eastern shipping & logistics industry encourages fleet operators to use fleet management software. During the forecast period, shipping companies & fleet managers would intensify their demand for fleet management software as they focus on creating smart vessels, ships, and fleets.
Market Segments By Function (Tracking and Monitoring, Routing and Scheduling, Procurement Management, Safety Management, Environment Management, Document Management, Crew Management, Others (Account and Compliance Management, Supply Chain and Logistics Management)), By Deployment (On-Premise, Cloud), By Location (On board, Onshore), By Country (The UAE, Saudi Arabia, Qatar, Oman, Turkey, Egypt, South Africa, Rest of Middle East & Africa (MEA)),
Top Companies TIMEZERO, Norcomms, Veson, SpecTec, ABS Group, Shipnet AS, PRIME Marine, SERTICA, SBN TechnoLogics Private Limited, Micromarin, Matrid Technologies, Kongsberg, Bassnet Software Ltd., Hanseaticsoft GmBH, JiBe ERP, DNV GL
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MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”
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