(MENAFN- GlobeNewsWire - Nasdaq) The global smart port market is expected to soar to USD 7.95 billion by 2030 from USD 2.23 billion in 2024, showcasing a CAGR of 25.8%. With over 80% of global trade by volume shipped via ocean, ports are under pressure to modernize to meet rising demands fueled by e-commerce and nearshoring. Technologies like AI analytics, IoT for asset tracking, and blockchain are key for increased efficiency, shortened turnaround times, and reduced carbon emissions. Europe is set for robust growth, driven by tech adoption at ports like Rotterdam and Hamburg. However, cyber threats pose growing challenges. Leading market players include ABB, Siemens, and IBM.Dublin, Dec. 12, 2025 (GLOBE NEWSWIRE) -- The "Smart Port Market by Technology (IoT, Blockchain, Process Automation, AI), Throughput Capacity (High, Medium, & Low Throughput Capacity), Port Type (Seaports, Inland Ports), Element, and Region - Global Forecast to 2030" has been added to ResearchAndMarkets's offering.
The smart port market is projected to escalate significantly from USD 2.23 billion in 2024 to USD 7.95 billion by 2030, at a CAGR of 25.8%. Over 80% of the world's trade volume is ocean-bound, prompting a shift toward modernization as ports adapt to increasing cargo volumes, emerging trade corridors, and soaring e-commerce demands. Implementing AI-powered analytics, IoT-based asset tracking, blockchain technologies, and digital twins not only enhance efficiency but also minimize carbon emissions, aligning with global climate objectives. Nevertheless, this digital shift poses cybersecurity challenges, as evidenced by the notable cyberattacks on port infrastructure in 2024.
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The Internet of Things (IoT) is anticipated to be the second fastest-growing technology segment from 2025 to 2030, revolutionizing port operations. Devices with IoT capabilities like ultrasonic sensors, RFID readers, and imaging sensors facilitate real-time data communication across port systems, boosting operational efficiency.
In terms of throughput, high-throughput ports are expected to dominate the market by 2030, processing over 19 million TEUs annually. These ports, primarily located in China, Singapore, and South Korea, are critical hubs in global logistics and supply chains.
Europe is poised to witness the second-highest growth rate in the smart port market during 2025 to 2030. European giants like the ports of Rotterdam, Antwerp-Bruges, and Hamburg are pioneers in digital transformations, employing digital twins, AI-based logistics, and IoT for asset tracking, thereby enhancing their eco-friendliness and operational efficiency.
Breakdown of Primaries:
By Company Type: Tier 1 - 30%, Tier 2 - 55%, and Tier 3 - 15% By Designation: C-Level Executives - 30%, Directors - 20%, and Others - 50% By Region: Asia Pacific - 55%, North America - 20%, Europe - 8%, Middle East & Africa - 13%, and South America - 4%
Leading players shaping the market landscape include ABB (Switzerland), Accenture (Ireland), IBM (US), Siemens (Germany), General Electric (US), and Trelleborg (Sweden).
This report delineates the smart port market across elements such as terminal automation & cargo handling, port community systems, port traffic management systems, smart port infrastructure, and smart port safety & security. It also segments the market by throughput capacity, technology, port type, and regions including Asia Pacific, North America, Europe, Middle East & Africa, and South America.
The report provides a holistic review of market drivers, restrictions, opportunities, and challenges. It covers competitive landscape analysis, market dynamics, and future trends with quantitative and qualitative assessments.
Key Benefits of Buying the Report:
Understand market drivers, like the rise in international maritime trade, and restrictions such as data breach risks. Identify opportunities driven by governmental initiatives for smart infrastructure and address challenges related to technological complexities. Stay informed about market developments, like IBM's 2025 software program enhancing AI security and governance. Gain insight into product innovations, such as IoT-enabled diagnostics and predictive maintenance that boost efficiency. Explore market diversification highlights, including Siemens' 2025 acquisition of ebm-papst's industrial drive technology business. Evaluate competitive strategies and market shares of top players like ABB, Siemens, Schneider Electric, GE Vernova, and Mitsubishi Corporation.
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