Global Ports and Terminal Operations Market Rapid Economic Growth, Strategic Assessment With and Top Players texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Global Ports and Terminal Operations Market Global Ports and Terminal Operations market was valued at US$ 3,135.3 Mn in 2020 and it is expected to reach at US$ 6,030.0 Mn by 2027, growing at CAGR 9.9% during the period, 2017-2027. Increasing seaborne trade across the globe will prominently drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade surged by around 4% as compared to 2017. The sea freight services provide multiple benefits such as large cargo space availability, economical & safety. Expansion of maritime logistics services will drive the industry growth over forecast period. Europe is expected to witness the highest CAGR during the forecast period. Ports in Europe are smaller; however, handle a large amount of cargo. Also, the European ports are not capable of competing on port size alone as ports with comparatively less size or capacity handle as much traffic as large-sized ports. Therefore, even moderately & scarcely busy ports are increasingly shifting towards smart operations. For Example, in Germany, the Port of Rotterdam had partnered with IBM to implement smart sensors across the 42-kilometer-long stretch of the port.
Global Ports and Terminal Operations Market Rapid Economic Growth, Strategic Assessment With and Top Players sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.