Market Overview:
The global oil tanker management system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil tankers and the need for efficient and safe oil tanker management systems. The on-premise segment is expected to dominate the market during the forecast period, owing to its advantages such as low implementation and maintenance costs, customization capabilities, and better security features as compared to cloud-based systems.
Product Definition:
An oil tanker management system is a software application that enables tanker operators to manage their operations and comply with safety, security and environmental regulations. The system helps to track the movement of tankers, identify hazards, monitor weather conditions and track cargo inventories. It also helps operators to comply with International Maritime Organization (IMO) regulations on safety and environmental protection.
On-premise:
On-premise software is a type of cloud computing system that involves the use of dedicated hardware, such as servers and storage devices, for data storage. The on-premises systems are used to run various applications and services remotely. It provides several advantages over the hosted services including control over information, ownership rights, security & privacy protection along with flexibility in terms of pricing & location for the data stored.
Cloud-based:
Cloud-based is a term used to define software systems which are hosted by third-party service providers and can be accessed from any location through internet. The major benefit of cloud-based software is that it offers benefits such as easy accessibility, cost efficiency, and flexibility of usage. Cloud computing has been an important part of the digital business landscape for many years; however, only recently has it begun to permeate into the tanker management system market in significant numbers.
Application Insights:
Shipping company was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Growing demand for crude oil from onshore and offshore fields has resulted in an increased number of vessels being deployed by shipping companies. As a result, SPMT provides effective management solutions to these companies.
The growing importance of managing costs while improving operational efficiency is expected to drive adoption across various industries including energy, manufacturing, etc., which will have a positive impact on market growth over the next eight years. The increasing need for streamlining operations while reducing costs is anticipated to fuel industry expansion during this period as SPMT helps reduce time-consuming tasks and increases overall productivity by automating business processes such as fleet tracking & maintenance, billing & accounts management among others.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to early adoption of OTSMS. The region accounted for a share of more than 30% in 2016 and is anticipated to grow at a significant CAGR from 2017 to 2030. This growth can be attributed primarily to U.S., which held the largest share in North America OTSMS market in 2016, followed by Canada and Mexico. The presence of major oil companies such as ExxonMobil Corporation; Shell Oil Company; Chevron Corporation; ConocoPhillips Inc.; and BP p.l.
Growth Factors:
- Increasing demand for oil tanker management system from the shipping industry as it helps in efficient and safe handling of oil tankers
- Growing awareness about the benefits of using oil tanker management system among ship owners and operators
- Proliferation of new technologies that can help improve the efficiency and safety of oil tanker management systems
- Stringent regulations governing maritime safety and security that mandate the use of effective oil tanker management systems
- Rising demand for energy due to rapid industrialization and urbanization in emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Tanker Management System Market Research Report
By Type
On-premise, Cloud-based
By Application
Shipping Company, Oil Tanker Management Company
By Companies
SHIPMATE, ITM, EMPIRE NAVIGATION, Dynacom Tankers Management, Wilhelmsen, STAR, SpecTec, MAMS Tanker Management
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Oil Tanker Management System Market Report Segments:
The global Oil Tanker Management System market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shipping Company, Oil Tanker Management Company
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SHIPMATE
- ITM
- EMPIRE NAVIGATION
- Dynacom Tankers Management
- Wilhelmsen
- STAR
- SpecTec
- MAMS Tanker Management
Highlights of The Oil Tanker Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud-based
- By Application:
- Shipping Company
- Oil Tanker Management Company
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil Tanker Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil tanker management system (OTMS) is a computerized system used to track the location, condition and movement of oil tankers. OTMS helps operators manage their fleet more effectively by providing real-time information on vessel movements and status.
Some of the key players operating in the oil tanker management system market are SHIPMATE, ITM, EMPIRE NAVIGATION, Dynacom Tankers Management, Wilhelmsen, STAR, SpecTec, MAMS Tanker Management.
The oil tanker management system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Tanker Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil Tanker Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Tanker Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil Tanker Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil Tanker Management System Market Size & Forecast, 2018-2028
4.5.1 Oil Tanker Management System Market Size and Y-o-Y Growth
4.5.2 Oil Tanker Management System Market Absolute $ Opportunity
Chapter 5 Global Oil Tanker Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil Tanker Management System Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil Tanker Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil Tanker Management System Market Size Forecast by Applications
6.2.1 Shipping Company
6.2.2 Oil Tanker Management Company
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Tanker Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil Tanker Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil Tanker Management System Analysis and Forecast
9.1 Introduction
9.2 North America Oil Tanker Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil Tanker Management System Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil Tanker Management System Market Size Forecast by Applications
9.10.1 Shipping Company
9.10.2 Oil Tanker Management Company
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil Tanker Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Oil Tanker Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil Tanker Management System Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil Tanker Management System Market Size Forecast by Applications
10.10.1 Shipping Company
10.10.2 Oil Tanker Management Company
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil Tanker Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil Tanker Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil Tanker Management System Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil Tanker Management System Market Size Forecast by Applications
11.10.1 Shipping Company
11.10.2 Oil Tanker Management Company
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil Tanker Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil Tanker Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil Tanker Management System Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil Tanker Management System Market Size Forecast by Applications
12.10.1 Shipping Company
12.10.2 Oil Tanker Management Company
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil Tanker Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil Tanker Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil Tanker Management System Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil Tanker Management System Market Size Forecast by Applications
13.10.1 Shipping Company
13.10.2 Oil Tanker Management Company
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil Tanker Management System Market: Competitive Dashboard
14.2 Global Oil Tanker Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SHIPMATE
14.3.2 ITM
14.3.3 EMPIRE NAVIGATION
14.3.4 Dynacom Tankers Management
14.3.5 Wilhelmsen
14.3.6 STAR
14.3.7 SpecTec
14.3.8 MAMS Tanker Management
