The global terminal management system market size is poised to grow substantially from 2023 to 2033. According to the research report published by Future Market Insights, the global market is projected to surpass a valuation of US$ 926.1 million in 2023. It is predicted to hit a valuation of US$ 1,390.0 million by 2033. The market is foreseen to thrive at a CAGR of 4.1% from 2023 to 2033.
The market for terminal management systems is rising as a result of the increased need for operational effectiveness, compliance, and performance optimization.
| Attribute | Details |
|---|---|
| Terminal Management System Market Share (2022) | US$ 876.0 million |
| Terminal Management System Market Share (2023) | US$ 926.1 million |
| Terminal Management System Market Share (2033) | US$ 1,390.0 million |
| Terminal Management System Market Share (2023 to 2033) | 4.1% |
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The global swarm, computing industry size developed at a CAGR of 5.1% from 2018 to 2022. In 2018, the global market size stood at US$ 719.0 million. In the following years, the market witnessed remarkable growth, accounting for US$ 876.0 million in 2022.
Advanced functions and features, such as inventory management, process automation, real-time monitoring, and data analysis, are provided by terminal management systems to help manage terminals effectively. A growing need for technologies that can automate procedures, maximize resource use, and improve overall operational efficiency has arisen due to expanding international trade and growing complexity in terminal operations.
Technology improvements in fields including the Internet of Things (IoT), cloud computing, big data analytics, and artificial intelligence are beneficial for the terminal management system industry. Through the integration of numerous systems and devices within a terminal, these technologies make it easier to communicate data, automate tasks, and make prudent choices. Advanced technology accessibility has increased the functionality of terminal management systems, increasing their attraction to terminal operators.
| Historical CAGR (2018 to 2022) | 5.1% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 4.1% |
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According to the segmentation based on offering, the services segment is predicted to gain remarkable growth during the forecast period. As per FMI, the services segment is projected to thrive at a CAGR of 4.0% from 2023 to 2033.
The correct deployment and customization of terminal management systems are necessary to meet each terminal's unique demands and requirements. Service providers offer implementation services to facilitate a seamless transfer and integration of the system into the current infrastructure. They collaborate closely with terminal operators to comprehend their processes, set up the system, and modify it to suit their operating requirements. The system is more effective and efficient due to this customized approach.
As company demands, technology developments, and legal restrictions change, terminal management systems must also change and adapt. Service providers provide system update services to keep the terminal management system up-to-date, safe, and fitted with advanced features and functions. Additionally, they offer modification and upgrade services to adapt the system to changing market demands, allowing terminal operators to remain effective and competitive, simultaneously amplifying the market's growth potential.
According to the segmentation based on vertical, the oil & gas segment is anticipated to lead the global market. As per FMI, the oil & gas segment is estimated to expand at a 3.9% CAGR from 2023 to 2033.
Due to the nature of the materials handled, the oil and gas business entails complicated terminal operations subject to strict regulations. The tools and functions required to handle complicated processes, such as inventory management, managing hazardous products, guaranteeing safety measures, and monitoring environmental compliance, are provided by terminal management systems.
Terminal management systems are crucial for maximizing operations and guaranteeing regulatory compliance due to the business's unique needs. Oil and gas terminals often handle various products, such as crude oil, refined petroleum products, Liquefied Natural Gas (LNG), and chemicals.
Modern systems that are capable of handling vast amounts of data, automating procedures, and providing real-time monitoring are needed to manage such massive activities efficiently and effectively. The features provided by terminal management systems allow for the management of the size and complexity of oil and gas terminal operations.
As per FMI, the market in China for terminal management systems is predicted to flourish at a 5.1% CAGR from 2023 to 2033. China has been making efforts to change sectors through digital technology, particularly the marine industry. In order to streamline their operations, Chinese terminal operators are utilizing cutting-edge technology, including IoT, big data analytics, cloud computing, and Artificial Intelligence. By offering integrated solutions that facilitate data-driven decision-making, automation, and process optimization, terminal management systems play a crucial part in this digital transformation path.
Shanghai International Port Group (SIPG), in collaboration with its Shandong Branch, NeZha Technology, and Huawei, inaugurated its smart command and control center project in June 2021. This project marked a significant development in the operation of next-generation smart ports since it was the first in the world to use optical networking technology for centralized remote control of ports.
According to FMI, the South Korea market for terminal management systems is projected to thrive at a 4.5% CAGR from 2023 to 2033. The government of South Korea has been making significant investments in the construction of port and logistical infrastructure. The New Southern Policy and the development of Free Economic Zones are initiatives that seek to improve connectivity, foster stronger economic ties, and draw in foreign capital. In order to provide efficient operations, seamless integration, and efficient terminal administration, improved terminal management solutions are required.
As an oncoming development, the Busan Port Authority (BPA) anticipates launching its first fully automated container port in the latter half of 2023, featuring Korean-made ship-to-shore cranes.
As per FMI, the United States market for terminal management systems is anticipated to expand at a 3.0% CAGR from 2023 to 2033. The United States places a high priority on security and safety in terminal operations, particularly in industries as important as chemical and oil & gas terminals.
Systems for terminal administration make it possible to manage access restrictions, keep an eye on security, and make sure that safety regulations are strictly adhered to. The adoption of strong terminal management systems is a top priority for terminal operators in the region due to mounting concerns regarding terrorism, cyber threats, and safety problems.
As a recent development observed in the United States, in September 2022, Honeywell, a global leader in connected buildings, launched the Data Center Suite, a portfolio of outcome-based software solutions that help data center managers and owners optimize uptime, worker productivity, critical asset health, and operational expenses while providing better visibility into sustainability KPIs.
According to Future Market Insights, Country-wise Market Estimates are listed below:
| Country | Forecasted CAGR (2023 to 2033) |
|---|---|
| United States | 3.0% |
| United Kingdom | 3.3% |
| China | 5.1% |
| Japan | 3.6% |
| South Korea | 4.5% |
Sizable well-established competitors and numerous start-up businesses make up the competitive landscape of the terminal management system industry. With both international and local suppliers vying for market share, the market is fairly fragmented.
Recent Developments Observed by FMI:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Offering, Type, Vertical, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The terminal management system market CAGR 2033 is 4.1%.
The market is estimated to secure a size of US$ 926.1 million in 2023.
The projected market value of the market for 2033 is US$ 1,390.0 million.
Key players are developing the market by providing innovative solutions.
The key players profiled in the terminal management system market are ABB Ltd., Honeywell International Inc., and Siemens AG.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Offering
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Offering, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Offering, 2023 to 2033
5.3.1. Software
5.3.2. Services
5.3.2.1. Professional Services
5.3.2.2. Managed Services
5.4. Y-o-Y Growth Trend Analysis By Offering, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Offering, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2023 to 2033
6.3.1. Oil & Gas
6.3.1.1. Upstream
6.3.1.2. Downstream
6.3.1.3. Midstream
6.3.2. Chemical
6.3.2.1. Petrochemical
6.3.2.2. Others
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Vertical, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Vertical, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis by Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Type, 2023 to 2033
7.3.1. Brownfield Projects
7.3.2. Greenfield Projects
7.4. Y-o-Y Growth Trend Analysis by Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis by Type, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Offering
9.2.3. By Vertical
9.2.4. By Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Offering
9.3.3. By Vertical
9.3.4. By Type
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Offering
10.2.3. By Vertical
10.2.4. By Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Offering
10.3.3. By Vertical
10.3.4. By Type
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Offering
11.2.3. By Vertical
11.2.4. By Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Offering
11.3.3. By Vertical
11.3.4. By Type
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Offering
12.2.3. By Vertical
12.2.4. By Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Offering
12.3.3. By Vertical
12.3.4. By Type
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Offering
13.2.3. By Vertical
13.2.4. By Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Offering
13.3.3. By Vertical
13.3.4. By Type
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Offering
14.1.2.2. By Vertical
14.1.2.3. By Type
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Offering
14.2.2.2. By Vertical
14.2.2.3. By Type
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Offering
14.3.2.2. By Vertical
14.3.2.3. By Type
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Offering
14.4.2.2. By Vertical
14.4.2.3. By Type
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Offering
14.5.2.2. By Vertical
14.5.2.3. By Type
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Offering
14.6.2.2. By Vertical
14.6.2.3. By Type
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Offering
14.7.2.2. By Vertical
14.7.2.3. By Type
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Offering
14.8.2.2. By Vertical
14.8.2.3. By Type
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Offering
14.9.2.2. By Vertical
14.9.2.3. By Type
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Offering
14.10.2.2. By Vertical
14.10.2.3. By Type
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Offering
14.11.2.2. By Vertical
14.11.2.3. By Type
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Offering
14.12.2.2. By Vertical
14.12.2.3. By Type
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Offering
14.13.2.2. By Vertical
14.13.2.3. By Type
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Offering
14.14.2.2. By Vertical
14.14.2.3. By Type
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Offering
14.15.2.2. By Vertical
14.15.2.3. By Type
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Offering
14.16.2.2. By Vertical
14.16.2.3. By Type
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Offering
14.17.2.2. By Vertical
14.17.2.3. By Type
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Offering
14.18.2.2. By Vertical
14.18.2.3. By Type
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Offering
14.19.2.2. By Vertical
14.19.2.3. By Type
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Offering
14.20.2.2. By Vertical
14.20.2.3. By Type
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Offering
15.3.3. By Vertical
15.3.4. By Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ABB Ltd.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. Honeywell International Inc.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Siemens AG
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. Yokogawa Electric Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Rockwell Automation, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Schneider Electric
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Emerson Electric Co.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Endress+Hauser Management AG
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. General Atomics Corp.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Implico Group
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Terminal Management System Market
