Terminal Management System Market Report 2022 : Size, Share and Trend, Demand Status, In-Depth Analysis of Top Manufacturers, Analytical Overview and Forecast to 2031

Kenneth Research, in its repository of market research reports, has recently added a report on Terminal Management System Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Terminal Management System Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Terminal Management System Market products.

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Kenneth Research, in its repository of market research reports, have recently added a report on Terminal Management System Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022 2031. The Terminal Management System Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.

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.

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