Business
IoT Technologies Set to Revolutionize Port Operations from 2025
The global smart port market is expected to soar to USD 7.95 billion by 2030 from USD 2.23 billion in 2024, showcasing a CAGR of 25.8%. With over 80% of global trade by volume shipped via ocean, ports are under pressure to modernize to meet rising demands fueled by e-commerce and nearshoring. Technologies like AI analytics, IoT for asset tracking, and blockchain are key for increased efficiency, shortened turnaround times, and reduced carbon emissions. Europe is set for robust growth, driven by
About this update from Abb Ltd.
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