6CIOReview | | NOVEMBER 2022EditorialCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com NOVEMBER- 21 - 2022, Vol 11, Issue - 84 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer : * Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithGina ClumskyYenny TurnerTiffany HayworthRussell ThomasThe marine sector is foraying into a new world of innovation and digitalization under the influence of the latest technological trends and advancements. Marine tech solution providers are delivering futuristic solutions to improve communications infrastructure and alleviate the challenges present in an underwater environment. According to a recent study published by MarketsandMarkets, the marine software market is projected to grow from $4.9 billion in 2022 to $6.4 billion by 2027 at a CAGR of 5.1 percent.At the core of this growth is a gamut of disruptive tech trends, fundamentally changing marine applications for the better. For instance, the maritime industry is using artificial intelligence (AI) for predictive maintenance, autonomous navigation, and route optimization. AI in underwater robots and vehicles facilitates search and rescue operations and helps monitor fleet operations continuously to improve vessel and port management.New ship propulsion systems are also gaining immense traction in the market as they provide captains with better control of the ship. These systems, driven by novel technologies, enable smarter decision-making and accurate control of the equipment.Startups are building maritime robotics solutions that are tailored for underwater maintenance tasks and cleaning and inspection of vessels. Maritime IoT is yet another technological development in the space popularized for its ability to simplify location data acquisition and enable tracking of emissions, machine conditions, propulsion data, and structural integrity. This edition of CIOReview delivers a bird's-eye view of recent developments in the marine tech arena and insights into how companies are aligning with these trends to transform legacy practices. We have curated thought leadership articles from industry experts, including the Director, Operational Excellence at Overseas Shipholding Group and Head of GIS, Ramboll. We also took a deep dive into the market trends to narrow down the list of companies delivering robust marine tech solutions. Equipped with innovative technological capabilities, the enlisted service providers, such as Stallion Marine, Tritan Software, and MRV Systems, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of CIOReview on marine tech helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! Embracing the Future of Marine Technology
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