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Redefining Smart Ports: The Role of Digital Identity Verification 

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Redefining Smart Ports: The Role of Digital Identity Verification 

Smart port technology has been making waves in the maritime industry, promising to revolutionize operations, streamline processes, and enhance overall efficiency. While no port is fully digital yet, the promise of digital transformation in this sector remains clear. But one element that can actually turbocharge the smart port future is still flying under the radar, and understanding its importance in realizing true smart port potential will be key to future success: digital identity verification.

Digital identity verification, particularly through biometric technology, offers a secure and seamless way to authenticate individuals within a port ecosystem. By leveraging facial recognition, fingerprint scanning, or iris recognition, ports can accurately identify truck drivers, port employees, and cargo ship crew members, eliminating the need for manual checks and paperwork. 

The success of digital identity verification in other industries highlights its potential for the maritime sector. In the aviation industry for instance, some of the major airports across the globe have implemented biometric solutions for staff and crew. Logistics companies like UPS are also using biometric authentication for driver identification and access control.

For ports, the benefits of digital identity verification could be significant. From a security standpoint, biometric authentication would help prevent unauthorized access to restricted areas, reduce the risk of identity fraud, and enable quick identification of potential threats. Operationally, it would streamline processes such as truck driver access, port employee authentication, and crew member identification, leading to reduced waiting times, improved cargo handling efficiency, and minimized delays. By enhancing the overall efficiency of port operations, digital identity verification can help contribute to the smooth flow of goods and the competitiveness of global trade.

However, implementing digital identity verification in ports comes with its own set of challenges. Data security and privacy concerns are paramount, requiring robust cybersecurity measures, strict data governance policies, and compliance with evolving regulations. Integration with existing port management systems and cargo tracking platforms can also be complex, necessitating collaboration with technology partners and investments in infrastructure upgrades. User adoption and trust among port employees, truck drivers, and cargo ship crews must be carefully nurtured through transparent communication and training efforts as well.

To successfully implement digital identity verification, port terminal operators should therefore adopt a strategic and phased approach. Starting with pilot projects focused on specific user groups, such as truck drivers or port employees, can help demonstrate value and build momentum. Collaborating with experienced technology vendors and system integrators specializing in port and logistics solutions can ensure seamless integration and scalability. Engaging with stakeholders, including port authorities, logistics companies, and regulators, will also be key.

As the global trade landscape continues to evolve, the adoption of digital identity verification will become increasingly critical for ports to remain competitive and meet the growing demands of the digital world. By proactively tackling these challenges and investing in the right solutions, port terminal operators can successfully step into the smart port revolution of the future. 

Kadri Haufe, is the Head of Smart Port Advisory, Nortal 
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Smart Ports Market is Predicted to Touch US$ 16 Billion by 2033

The global smart ports market is set to garner US$ 16 billion by 2033, surging ahead at 20.4% CAGR from 2023 to 2033. A smart port is an automated port that uses cutting-edge technologies such as artificial intelligence (AI), the internet of things (IoT), and blockchain to improve its operation. Since the volume of trade is consistently expanding, adopting such advanced technologies has become vital to increase internal effectiveness and operations.

Growing trade activities and the rising trend of automation throughout industries are driving the worldwide smart ports market. Due to the increased national and international trade via maritime transport, numerous harbor authorities around the world are rapidly implementing smart technologies. Moreover, many shipping corporations have collaborated with tech firms to develop blockchain shipping solutions for enhancing maritime logistics.

Furthermore, rising government initiatives aimed at developing smart port infrastructure and upgrading existing ports are expected to provide enormous opportunities for market growth. The use of smart port technologies is increasing because they help provide optimized parking places, improve traffic systems, and gather and aggregate information on the port authority, pollution, weather, customer, and owner.

 

Key Takeaways from Market Study

  • The global smart ports market amounted to US$ 2.5 billion in 2022.
  • Worldwide demand for smart ports is expected to increase at a CAGR of 20.4% during the forecast period (2023 to 2033).
  • The global market is projected to achieve a valuation of US$ 16 billion by 2033.
  • Asia Pacific accounted for 37% share of the global market in 2022.
  • The process automation segment captured 34% of the worldwide market in 2022.
  • The extensively busy ports segment is predicted to witness substantial growth over the next ten years.

“Global smart ports market expected to grow significantly during the forecast period due to increasing need for port authorities to minimize operational costs, collect real-time data, and make data-driven decisions,” says a Fact.MR analyst.

Competitive Landscape

Key players in the smart ports market are actively implementing marketing tactics such as collaborations, investments, and acquisitions to gain market share. Furthermore, numerous start-ups are raising funds to focus on new developments.

  • As Per a 2019 Allianz safety and shipping research, 70% of marine mishaps are caused by human mistakes; therefore, Seadronix, a start-up based in South Korea, is working on eliminating this problem. The company received a US$ 5.8 million Series A extension in October 2022 to grow its AI-based ship berthing monitoring and navigation technologies, which would assist cargo ships in securely navigating and port operators in mooring their vehicles at the harbor.
  • ABB, a Swedish multinational firm based in Switzerland that runs smart ports, absorbed InCharge Energy in January 2022. This acquisition is planned to broaden ABB’s e-mobility division’s clientele in North America by delivering fleet electrification and digital services.

Regional Analysis

Asia Pacific is leading the worldwide smart ports market due to the presence of multiple ports with higher throughput capacity in the region. Furthermore, Japan and South Korea are significantly assisting regional market growth.

North America and Europe are also experiencing tremendous growth as a result of increased investments by local governments to improve port infrastructure. The United States is dominating the North American market. Germany is contributing massively to the European market.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global smart ports market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market on the basis of technology (process automation, artificial intelligence, internet of things, blockchain) and throughput capacity (extensively busy, moderately busy, scarcely busy), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).