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Waterway Transportation Software Market Share

Report ID: GMI7140
Published Date: Jul 2024
Report Format: PDF

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Waterway Transportation Software Market Share

SAP SE and Cognizant Technology Solutions Corp. held a market share of over 5% in the waterway transportation software industry in 2023. The company focuses on developing innovative software solutions tailored specifically for the waterway transportation sector. They also invest heavily in R&D to optimize existing ERP and logistics solutions with additional features such as real-time data analytics, predictive maintenance, and route optimization.

Cognizant develops and implements customized software solutions integrating AI, IoT, and blockchain to enhance operations, streamline fleet management, and improve supply chain visibility. This positions the company as a major player in offering complete digital solutions that drive efficiency and enhance competitiveness for clients in the maritime industry.

Waterway Transportation Software Market Companies

The major players operating in the waterway transportation software industry are-

ABS Wavesight
Accenture Plc
Bass Software Ltd.
Cognizant Technology Solutions Corp.
Descartes Systems Group
DNV GL
Flexport Inc.
IBS Software
Oracle Corporation
SAP SE

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of waterway transportation software reached USD 75 billion in 2023 and will witness over 7.5% CAGR from 2024 to 2032, due to the growing number of water transport infrastructure investments worldwide.

The oil & gas industry vertical segment held 22% share of the waterway transportation software industry in 2023 on account of presence of international maritime laws and regulations to mandate the use of advanced transportation software solutions

North America held 35% of the market share in 2023, owing to the presence of well-developed waterway transportation infrastructure in the region.

ABS Wavesight, Bass Software Ltd., Accenture Plc, Descartes Systems Group, DNV GL, SAP SE, and Oracle Corporation are some of the major waterway transportation software companies worldwide.