Vessel Tracking Software Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global vessel tracking software market was valued at USD 2.7 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 8.4% from 2023 to 2030. The growing need for real time tracking, the rising demand for enhanced safety protocols, and increasing globalization in maritime logistics are driving market growth. By region, North America accounted for the largest market share in 2022, with a market value of approximately USD 1.1 billion. This growth is primarily due to the robust presence of shipping companies, increased investments in maritime security technologies, and stringent regulatory frameworks in the region. Europe also represented a significant portion of the market, valued at around USD 850 million, largely driven by the regions extensive shipping industry and innovation in technology. Asia Pacific is expected to experience the highest growth rate over the forecast period, with a projected CAGR of 9.1%, attributed to the rapid expansion of shipping activities, particularly in China and India, along with increasing adoption of digital solutions in the maritime sector.
In terms of market opportunities, the rise of advanced vessel tracking technologies such as GPS and AIS (Automatic Identification Systems) is expected to contribute significantly to the market’s expansion. The integration of IoT (Internet of Things) devices for predictive maintenance and automated systems to ensure operational efficiency presents lucrative opportunities for players in the market. Additionally, the demand for regulatory compliance, including monitoring of vessels for environmental and safety standards, offers a consistent growth trajectory for vessel tracking software across different regions. As maritime operations evolve, opportunities in data analytics and AI based predictive systems also promise strong market potential.
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MarineTraffic
OceanManager
Gestalt Systems
AXS Marine
BigOceanData
Maptech
exactEarth
FleetMon
Global Fishing Watch
Innovez One
myshiptracking
OrbitMI Inc
Pole Star
Shipfinder
VesselFinder
Genscape
Astra Paging
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vessel Tracking Software Market
On-Premises
Cloud-Based
Hybrid
Consulting Services
Integration Services
Maintenance and Support Services
Commercial License
Open Source License
Subscription-Based License
Information Technology
Healthcare
Banking, Financial Services, and Insurance (BFSI)
Telecommunications
Retail
Manufacturing
Small and Medium Enterprises (SMEs)
Large Enterprises
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vessel Tracking Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vessel Tracking Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vessel Tracking Software Market, By Type
6. Global Vessel Tracking Software Market, By Application
7. Global Vessel Tracking Software Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vessel Tracking Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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