Smart Port Market Research Report 2022-2027

August 24, 2022 1 Min read Views 78 BUSINESS

The Smart Port Market is projected to reach USD 5.7 billion by 2027 from an estimated USD 1.9 billion in 2022, at a CAGR of 24.3% during the forecast period. International trade depends heavily on maritime transportation. Ocean shipping is the primary form of transportation for international trade, and according to UNCTAD, the majority of developing nations have seaborne trade volumes that are even higher. Compared to the road, rail, and air modes of transportation, this mode of transportation is more affordable and practical for international trade.

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Tags: energy market research report, smart port market

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