Global Terminal Management System Market
Report Highlights
Global Terminal Management System Market
By Offering (Software & Services (Professional & Managed Services)), Project Type (Brownfield & Greenfield), Vertical (Oil & Gas (Upstream, Midstream, Downstream), Chemicals) and Regional Market Size, Status and Forecast to 2025
Market Overview:
The global Terminal Management System Market was valued at USD 725.21 million in 2016 and is projected to reach USD 1191.32 million by 2025, growing at a CAGR of 5.67% from 2017 to 2025.
Terminal management system is a set of hardware & software elements to carry out all data management task that are performed in a loading terminal. The cost benefits and procedural benefits are expected to boost the growth of Terminal management Software market all over the globe.
Market Dynamics:
1. Market Drivers
1.1 Implementation of Terminal Management Solution in Brownfield Terminals Reduces Operational Cost
1.2 Preference for environmental friendly procedures
1.3 Integrated safety and security solutions enhance the level of automation in a terminal
2. Market Restraints
2.1 Fluctuation in Crude Oil Prices Impacts the Installation of Terminal Management Software in Oil & Gas Industry
2.2 Lack of Technical Expertise and trained professionals
Market Segmentation:
1. Global Terminal Management System Market, by Offering:
1.1 Software
1.2 Services
1.2.1 Professional services
1.2.2 Managed Services
2. Global Terminal Management System Market, by Vertical:
2.1 Oil & Gas
2.1.1 Upstream
2.1.2 Downstream
2.1.3 Midstream
2.2 Chemical
2.2.1 Petrochemical
2.2.2 Others
2.3 Others
3. Global Terminal Management System Market, by Type:
3.1 Brownfield projects
3.2 Greenfield projects
4. Global Terminal Management System Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. ABB Ltd.
2. Honeywell International Inc.
3. Siemens AG
4. Yokogawa Electric Corporation
5. Rockwell Automation, Inc.
6. Schneider Electric
7. Emerson Electric Co.
8. Endress+Hauser Management AG
9. General Atomics Corp.
10. Implico Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Terminal Management System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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