Ultrasonic testing is type of non-destructive inspection equipment that helps detecting the discontinuity in the sample material without harming the material. This methodology utilizes high frequency sound incidence on the material of the frequency ranging around 500 KHz-200 MHz to conduct examinations and measurements. Owing to the requirement of NDT in industries that include oil & gas, power generation, aerospace & defense, automotive and transportation and fabrication industries.

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Fast and accurate volumetric and discontinuity at affordable costs are expected to be the primary growth drivers for increased adoption

In comparison to other alternative radiography examination methodologies, this technology is relatively safer and less time consuming. Less ownership costs, fast throughputs, better detection capability and usability even in non-screened off areas are anticipated to provide increased application in end use industries. Moreover, these also help in examining the internal structure and thickness, in conjunction with highly reliable results are few additional advantages that will drive the ultrasonic non-destructive testing equipment market over the forecast period.

Ultrasonic Non-Destructive Testing (NDT) Market Taxonomy

On the basis of equipment, the global ultrasonic NDT equipment market is classified into:

• Thickness gauges
• Digital flaw detectors
• Phased array flaw detectors
• Test machines.
• Others

On the basis of component, the global ultrasonic NDT equipment market is classified into:

• Equipment
• Service

On the basis of end use industry, the global ultrasonic NDT equipment market is classified into:

• Oil & gas
• Power Generation
• Aerospace & defense
• Automotive & Transportation
• Others

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Natural gas exploration is anticipated to be the most prominent factor contributing to the overall growth of the industry

Increasing usage of fossil fuels has led to an exponential surge in hydrocarbon acquisition costs and has also led to paradigm shift of the exploration activities. This has led to increased focus on the oil & gas production and exploration companies on identifying additional avenues of exploration. Moreover, according to Coherent Market Insights, utilization of natural gas is expected to register significant demand growth over the forecast period, which will in turn boost the growth of ultrasonic non-destructive testing equipment market growth, primarily for the examination of gas pipeline properties without causing any physical damage.

Lack of skilled workforce to handle the operations is expected to majorly hamper the industry growth over the forecast period

Manual flaw examination requires close scrutiny by the experienced technicians. Requirement to undergo extensive training in order to gain appropriate knowledge and experience regarding the usage is expected to present substantial challenge to the business growth. Moreover, lack of discontinuity detection in case non homogenous and irregular shapes, and discontinuity in the immediate layer below the surface is still a prominent limitation, which is expected to hamper the overall ultrasonic non-destructive testing equipment market over the forecast period.

Making the software and user interface (UI) intuitive and enhancing the training the workforce for such technologies may help the participants counter the drawback of skilled workforce, however, technical limitations are expected to continue to impact the overall growth.

Among end-use industry segments, the oil and gas industry accounted for the largest market share and are is expected to continue its dominance over the next few years. They find various applications in different oil and gas exploration phases such as refining, transportation and in manufacturing of several related equipment parts that includes pressure vessels, boilers, reactors, heat exchangers, and storage tanks. Growing investments in pipeline transportation and upstream activities will propel the growth of ultrasonic non-destructive testing equipment market during the next few years.

Key vendors in the industry include Olympus, GE Inspection Technologies, Sonatest, Danatronics, James Instruments, Eddyfi, NDT Systems, Qualitest International, PaR Systems, and Trinity NDT.

Fingerprint module helps establish the identity of a person, using two processes, namely finger enrolment and finger matching.  Data security become one of the major driver for growth of the fingerprint module market, globally. According to Coherent Market Insights analysis of 2013, the total data in the world was 4.4 zettabytes and was projected to reach 44 zettabytes by 2020. Rampant increase in data generated worldwide, in turn fuels demand for data security and subsequently augments growth of the fingerprint module market. In addition to this, keys, numeric keypads, and identity badges were majorly used to secure the data and access. With advancement of technology, two-factor validation was presented, where people could gain entrance into secure premises only when they were confirmed twice by utilizing equipment gadgets and numeric codes. However, this two-factor confirmation has also turned out to be uncertain as hackers are able to access hardware devices and also obtain numeric codes. Owing to increased hacking, the demand for new technically advanced security products in the security market has increased globally. This increasing demand for security products provides swift growth to the fingerprint module market worldwide. Moreover, the increasing trend of ‘bring your own device’ in various enterprises and rising penetration of smart phone users pose as major drivers accelerating the market of fingerprint module, globally. According to coherent market insights’ analysis the bring your own device market is predicted to reach up to US$ 266 billion in 2019. With potential benefits, the “bring your own device” culture also presents data security risk for the organization, which ultimately increase the demand for security products.

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Fingerprint Module Market Taxonomy

On the basis of product type, the global Fingerprint module market is classified into:

• Fingerprint readers
• Fingerprint scanners

On the basis of end users, the global Fingerprint module market is classified into:

• Banks
• Government organization
• Telecommunication firms
• Hospitals
• IT Industry
• Others

On the basis of devices, the global Fingerprint module market is classified into:

• Smart phones
• Tablet pc
• Laptops
• multimodal biometric readers

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Fingerprint Module Market Outlook – North America holds the Largest Market of the Global Fingerprint Module.

On the basis of geography the study is diversified into North America, Europe, Asia Pacific and Rest of the world. North America’s fingerprint module market will hold the dominating position in the global fingerprint module market and is predicted to hold the dominating position in the forecasted period. The expanding usage of the unique finger impression recognition technology in individual document verification, for example, visas and e-passport, to identify travelers at airport terminals in nations like the US and Canada, and the expanding trend of incorporating facilities with biometric frameworks such as fingerprint scanners by OEMs and financial bodies, will reinforce the growth prospects for the fingerprint module market in this locale.

Bioenable technologies pvt ltd, Cross Match Technologies, Inc, Fingerprint Cards AB, Fulcrum Biometrics, LLC, HID Global, Suprema HQ, 360 Biometrics, Futronic Technology Company Limited, Liteon, Shenzhen CAMA Biometrics Co., Ltd. are some major companies of the global fingerprint module market. Acquisition, merger, innovation and new product launch are some of the major strategies adopted by the market leaders to sustain in the global fingerprint module market.

Electrically erasable programmable read only memory (EEPROM) is a non-volatile memory used in computers, smartphones, and electronic devices to store small volumes of data. Increasing demand for high speed, highly scalable memory devices, and low power consuming devices are major factors driving growth of electrically erasable programmable read only memory market. Increasing adoption of high speed internet and Internet of Things (IoT) devices have propelled the demand for high speed memory devices, which are expected to fuel growth of electrically erasable programmable read only memory market in IOT devices.

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According to Coherent Market Insights analysis, in 2016, an estimated 17.7 billion IoT devices were installed worldwide and is predicted to reach up to 30.7 billion by 2020. Furthermore, increasing trend of wearable devices in healthcare and sports is propelling demand for high scalable memory devices to maintain strong network connectivity and record the generated data, which in turn is driving growth of the electrically erasable programmable read only memory market. Furthermore, increasing adoption of smart cloths has increased the demand of wearable devices. In 2016, an estimated 35.3 million units of body wearable devices were sold and it is projected to reach 39.4 million units by the end of 2018.

Electrically Erasable Programmable Read Only Memory Market Taxonomy

On the basis of application, the global electrically erasable programmable read only memory market is segmented into:

• Consumer Electronics
• Enterprise
• Automotive
• Military and Aerospace
• Telecommunication
• Energy and Power
• Healthcare
• Others

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Electrically Erasable Programmable Read Only Memory Market Outlook – Asia Pacific holds the largest market

On the basis of geography, electrically erasable programmable read only memory market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific holds the dominant position in the global electrically erasable programmable read only memory market and is projected to retain its dominance throughout the forecast period. Significant growth witnessed by consumer electronics and automotive industry in turn fuels growth of market in major economies such as China and India. For instance, electronics market in India accounted for US$ 36.2 billion in 2016, from US$ 31.6 billion in 2015, and is projected to reach US$ 104 billion by 2020.

Moreover, electrically erasable programmable read only memory market of North America is gaining significant traction, owing to rising demand for high speed electronic devices and increasing proliferation of connected devices. Furthermore, high adoption of smartphone the U.S. creates a highly conducive environment for market growth. According to Coherent Market Insight, in 2016 around 208.6 million smartphone users were present in the U.S., up from 190.6 million users in 2015 and is projected to reach 257.7 million smartphone users by 2020.

Major players operating in electrically erasable programmable read only memory market include Atmel Corporation, Hitachi, Ltd., Infineon Technologies AG, Intersil, Linear Technology Corporation, Macronix International, Maxwell Technologies, Microchip Technology, Mitsubishi Electric Corporation, NXP Semiconductors N.V., ON Semiconductor, Renesas Electronics Corporation, ROHM Semiconductor, Samsung Electronics, Seiko Instruments Inc., STMicroelectronics, and Winbond Electronics Corporation.

Digital manufacturing is a process of improving the manufacturing process of the product from virtual to physical world. Increasing adoption of cloud-based PLM software is projected to increase the demand for digital manufacturing specific applications. This will enable the manufacturing plants to access the PLM software from remote areas as well. Technomatix and Manufacturing 360 are applications that are used in the iOS and Android gadgets respectively. Furthermore, increasing adoption of internet of things in manufacturing industries fuels market growth globally. According to Coherent Market Insights, over 42 billon devices are projected to be connected to the internet by 2020. Moreover, the demand to reduce capital expenditure, shorten lead times, and high productivity is expected to increase the demand for digital manufacturing in various verticals.

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Digital Manufacturing Market Taxonomy

On the basis of deployment model, the global Digital Manufacturing market is segmented into:

• Cloud-based model
• On-premises model

Increasing adoption of cloud-based digital manufacturing software is one of the key factor driving market growth. Venders are concentrating on reducing the cost of Product Lifecycle Management (PLM), thereby trying to introduce cloud-based product lifecycle solutions in the market. Several PLM service providers are installing PLM on the cloud for end users. For instance, Wipro Limited, a worldwide information technology, outsourcing, and consulting firm, is offering cloud-based PLM services to Siemens PLM Software solution, Teamcenter. Such services help electronics manufacturing organizations to install Teamcenter on the cloud with the help of Infrastructure as a Service.

On the basis of end-use industry, the global Digital Manufacturing market is segmented into:

• Automotive
• Aerospace & Defense
• Electrical and electronics
• Industrial machinery
• Consumer packaged goods
• Utilities & Process
• Others

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The increasing sales and R&D investment in automotive industry globally provide significant growth opportunity to the global digital manufacturing market. According to “Organisation Internationale des Constructeurs d’Automobiles”, in 2016, around 98.8 million units of vehicles were sold worldwide up from 89.7 million in 2015. Moreover, according to Coherent Market Insights analysis, US$ 94.2 billion was spent on automotive R&D in 2016 up from US$ 91.5 billion in 2015. The implementation of digital manufacturing in the automotive production process smoothens the flow of plant and product data during various process. Furthermore, digital manufacturing authenticates automation and robotics programs and accelerates the factory manufacturing process. Also, the implementation of digital manufacturing provides real-time access to the product lifecycle information to the administration.

Digital Manufacturing Market Outlook – North America holds the largest market share

On the basis of geography, global digital manufacturing market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the global digital manufacturing market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S., Mexico, and Canada are the three major economies, which contribute to the swift growth of market in the region. The increasing R&D investment in the aerospace & defense and automotive sectors in the U.S provides immense growth opportunity to the digital manufacturing market. In 2016, the U.S invested US$ 14.3 billion in R&D in aerospace & defense industry up from US$ 14.1 billion in 2015. Similarly, for R&D in automotive sector, the U.S. spent US$ 39.6 billion in 2016 up from US$ 37.5 billion in 2015. Moreover, the Asia Pacific digital manufacturing market is projected to grow the highest CAGR over the forecast period. Increasing demand for innovative products among end users segments boosted the growth of market in this region. India, China, and Japan are some of the major economies driving the growth of digital manufacturing market in this region.

Digital Manufacturing Market Players

Some of the key players operating in the global digital manufacturing market include Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software. The new product launch is one of the major strategies for the market leaders to increase their market presence. For instance: Autodesk Inc. an America based software company have officially announced that they have launched a Netfabb 2017, a comprehensive toolkit for additive manufacturing professionals.

Container as a service (type of container-based virtualization) is an emerging technology in which vendors provide a complete framework to the users for managing and developing containers and applications. CaaS is majorly designed for IT developers to manage and run applications. The key factor fueling growth of the market is the increasing utilization of micro services. The rise of DevOps technology and containerization have helped revolutionize enterprise applications. However, some factors such as portability issues between severs, lack of tools required to manage and monitor the container, hinders growth of the CaaS market.

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CaaS Market Taxonomy

On the basis of cloud deployment model, the global CaaS market is classified into:

• Public cloud
• Private cloud
• Hybrid cloud

On the basis of deployment, public cloud holds the largest share of the CaaS market. The increasing demand for storage and computing resources has helped fuel the demand for public cloud in the CaaS market. In addition to this, the hybrid cloud also plays a major role in an organization for the management of infrastructure. Moreover, the increasing adoption of advanced container platforms in various organizations have led to the implementation of the hybrid cloud model with full infrastructure. The hybrid cloud usage is rising due to the increasing micro service and management service data environment, as they provide better flexibility, security and scalability.

On the basis of application, the global CaaS market is classified into:

• BFSI
• Education
• Government
• Healthcare
• IT & Telecom
• Media & Entertainment
• Others
• Retail
• Travel & Tourism
• Others

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On the basis of application type, the IT & Telecom application holds the largest share in the global CaaS market. The CaaS is highly used by the IT developers and IT department to develop secure containerized applications.

Container as a Service Market Outlook – North America holds the largest global container as a service market.

On the basis of geography, global container as a service market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global CaaS market in 2016, and is estimated to retain its dominance throughout the forecast period. Increasing demand for managed data centers, virtual private cloud services, and advanced technology accessibility have led to an increasing demand for CaaS market in this region. Moreover, the presence of IT companies such as Microsoft Corporation, Google, and Amazon Web Service in the North American countries have also provided immense opportunity for growth of the market. In addition to this, the Asia Pacific CaaS market is estimated to grow with the largest CAGR during the forecast period. The increasing IT & telecom industry in the Asia Pacific region has led to an increasing demand for the CaaS market here. China and India are the major countries driving growth of the CaaS market in Asia Pacific. The increasing demand for infrastructure services and distributed storage management by various venders have also provided immense opportunity for growth of the CaaS market in this region.

Key Companies of Global Container as a Service Market
Amazon Web Service (AWS), Cisco System, ContainerShip, CoreOS, DH2i, Docker Inc., Giant Swarm, Google, HPE, IBM, Joyent, Kyup, Mesosphere, Microsoft, and SaltStack, VMware Inc. are some of the key companies of the global container as a service market.

A bug tracking system, also known as defect tracking system, is a software tool that tracks reported programming bugs in software development projects. It might also be regarded as a type of issue tracking system. Database, which is a major component of bug tracking software, records all facts about known bugs. Moreover, a bug tracking system permits administrators to configure the product according to the status, either delete the bug or move the bug to another status.

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One of the key factors driving the global bug tracking system market is increased spending in the development of novel software testing programs. A bug tracking system is an integral part of any software testing program. Advanced testing technologies such as automated testing system are expected to bolster the growth of bug tracking software market worldwide. Implementation of bug tracking system in the initial stage itself will reduce the time and cost required to address the issues. This in turn has resulted in the swift growth of global bug tracking software market.

Bug Tracking Software Market Taxonomy

On the basis of deployment model, the global bug tracking software market is classified into:

• On–premises model
• Cloud-based model

The cloud-based deployment model held the largest share of the global bug tracking software market in 2016. The bug tracking software venders and users are increasingly opting cloud platform, which will further boost the market over the upcoming years. For example, Atlassian, an Australia-based enterprise software company provides cloud bug tracking software i.e. JIRA Software. Similarly, JetBrains Prague, a Czech Republic-based software company also provides cloud bug tracking software, YouTrack. Moreover, Google Drive and Microsoft Azure are empowering the adoption of cloud-based solutions from the on-premises software model. In addition to this, factors such as cost-adequacy and simple up gradation of cloud-based infrastructure over their counterparts are further advancing the utilization of cloud-based solution, which helps in increasing the adoption of bug tracking software.

On the basis of end-use industries, the global bug tracking software market is classified into:

• Banking, Financial services, and Insurance
• Telecommunication
• Media
• Information technology
• Retail
• Others

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Bug Tracking Software Market Outlook – North America accounts for largest market share

On the basis of geography, global bug tracking software market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America bug tracking software market held the largest market share in 2016 and is projected to continue its dominance over the forecasted period. The U.S. and Canada are some of the countries, which drive the bug tracking software market in North America. The significant presence of software testing companies and increasing investment in development of software testing tools are expected to fuel the bug tracking software market in the region.

Atlassian, Inc., International Business Machines Corporation, JetBrains s.r.o., Zoho Corporation, Axosoft, LLC, Bugsnag, Inc., Countersoft, DoneDone, LLC, Fog Creek Software, INC., Inflectra Corporation, Macropod Software Pty Ltd., OverOps Inc., Raygun, Rollbar, Sentry, Sifter, and Variad Corporation are some of the key players identified across the value chain of bug tracking software market.

Requirement to counter the pollution, reduce consumption of conventional fuels and increase the efficiency of renewable power sources such as hydro, solar, wind, geothermal, and biofuels is expected to be the major trend that will drive the utilization of smart means for energy generation. Smart wind market refers to utilization of computing models, better turbines positioning, improved efficiency of rotor blades to the mechanical parts inside the nacelle, connected sensors, and software to optimize the efficiency of the operations under broader range of conditions.

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Power generation capacity of more kWhs per hour by lower capacity models, will garner increased applications

Incorporating intelligent algorithms and sensors in these next generation models has led to increased reliability and ability to function in relatively lower air current speeds. Owing to increased reliability, overall operation costs are significantly reduced and allows the turbine to capture more energy with less downtimes. Moreover, next generation low capacity models are featured with the ability to produce more kWhs over its long run. For instance, in February 2013, GE introduced 2.5-120 turbine, which had relatively lower power output than its dominant 2.85 megawatt turbine. However, owing to the integration of arrays of sensors in conjunction with algorithms it was featured with the capacity of producing around 15% more kilowatt hours. These factors are expected to prominently drive the industry growth through the forecast period.

Smart Wind Market Taxonomy

On the basis of components, the global smart wind market is classified into:

• On-grid
• Off-grid

On the basis of turbine axis, the global smart wind market is classified into:

• Vertical axis wind turbines
• Horizontal axis wind turbines

Declining costs per kWh owing to bigger turbines and economies of scale is expected to attract large number of users

According to American Wind Energy Association (AWEA), unsubsidized costs of this energy generation methodology in the country ranged from US$ 32 to 62 per MWh in 2016, which was relatively lower to the gas combined cycle that ranged from US$ 48 to 78 per MWh, which was the cheapest conventional energy source. Moreover, pricing trend has witnessed considerable decline over the past few years. According to Coherent Market Insights, owing to these advantageous factors, the number of deployment of wind farms is expected to increase over 1.5X in 2016, which will provide substantial opportunities for the smart wind market over the next few years.

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Heavy upfront investments and threats to the wildlife are expected to be the major factors that will continue to hamper the industry growth

The energy output of these sources fluctuates around the clock, dependent on the winds, owing to which these cannot be directly use to supply base loads. Moreover, requirement of additional expenditure for enabling the energy storage such as pumped hydro or batteries will present considerable growth challenge to the overall industry growth. Moreover, bird mortality rates owing to collisions to these turbines has witnessed significant increase over the past few years. According to American Bird Conservancy, annual estimated loss of birds in 2012 was around 573,000. If the dependence on these sources were to increase up to 35%, the bird fatality rates could reach as high 5 million annually. Thus, threats to the wildlife is expected to remain a major concern.

U.S. was the leading producer of the energy through these sources, is anticipated to continue its dominance in the smart wind market. According to Wind Vision Report in 2015, by Department Of Energy in the U.S., projections of 20% of the required energy generation through its wind sources by 2030, and is expected to surge to 35% by 2050. In conjunction with U.S. as the most lucrative region, increased demands in Europe and Asia Pacific will also provide solid growth platform to the smart wind market. Industry participants include Xcel Energy, GE Power, National Center for Atmospheric Research, Omniflow, GaN Systems, Nextek Power Systems, and Nebula Energy.

Globalization has led to increased emphasis on international trade activities that has in turn led to substantial increase in spending for the development of transport facilities that include roads, railways, waterways, and airports. Among these, port infrastructure market is projected to witness highest gains through the forecast period (2017-2025), primarily owing to increasing proliferation of sea trade and major investments in infrastructural development in emerging economies of Asia Pacific and Middle East.

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Energy and container ports construction are expected to attract large demands though the forecast period

International trade was largely influenced by exponential rise in demand for container shipping, over the last 50 years, specifically owing to the streamlining of processes and reduction in costs achieved through standardized container shipments. This has led to unprecedented investment in construction of container hubs and upgrading of containerized cargo. Moreover, large scale projects for fuel handling, such as Saldanha Bay (South Africa) and new oil terminals in Mombasa (Kenya), are expected to find large demands with focus on specific fuel handling that includes oil, gas or coal.  According to International Energy Outlook, by U.S. Department of Energy, global consumption of natural gas is projected to reach 203 trillion cubic feet (tcf) by 2040, an increase of around 70% in comparison to 2012 stats. Growing requirement for fuels, prominently in emerging economies such as China, India, Mexico and Indonesia, will provide solid growth platform through the forecast period.

Effective waste management is a major challenge for players in the port infrastructure market

Vibrations and noise generated by cargo operations has an adverse effect on the people and the flora and fauna in the vicinity. Moreover, large volumes of waste are generated that include dredged materials, oily mixtures and garbage discharged from ships, and other solid and liquid wastes. These usually end up disposed of in the nearby area or sea, in turn polluting the environment. Requirement to reduce the environment impacts have led to several initiatives such as Clean Air Act Advisory Committee in the U.S. and Port of the Future agenda by European Commission. Growing concerns regarding the environmental impacts and requirement to set up efficient waste management is expected to present major growth challenge.

Construction of these facilities requires large space and workforce to build and manage smooth operations. This in turn leads to Socio cultural impacts that include village relocation and formation of slums in the vicinity that can negatively impact the growth prospects. However, owing to these factors, Greenfield project development will draw considerable attraction for port infrastructure market owing to lack of imposed constraints prior to projects. The concept elucidates construction on unused lands, to reduce the expenses on remodeling and demolishing of an existing structure.

Port Infrastructure Market Taxonomy

On the basis of infrastructure project, the global port infrastructure market is classified into:

• Container
• Energy
• Breakbulk
• Roll-on/roll-off ports (ro-ro ports)

On the basis of facility type, the global port infrastructure market is classified into:

• Deepwater seaport
• Seaport
• River port
• Harbor
• Pier, Jetty or wharf
• Port terminal
• Off shore terminal
• Canal

Geopolitical issues existing in South Asia is projected to drive the port infrastructure market

Major economies in South Asia such as China, Japan, and India are increasingly investing in facilities to increase their influence in the Indian Ocean and gain access to resources and potential high growth markets in Middle East and Central Asia. For instance, development program of Sagar Mala project in India and deep sea Angola port in China will present potential growth platform for port infrastructure market in the region. However, presence of outdated and frequently congested docks in countries such as India, Pakistan, Myanmar, and Bangladesh has in turn led to increased trade activities in advanced shipping facilities of China and Japan. Increasing competition among countries with large coastlines, especially in Asia Pacific, to establish regional superiority is expected to create a highly lucrative growth environment for the global port infrastructure market.

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Improving economic conditions in Latin America will help the participants gain strong foothold in the industry

According to Port Technology International journal in November 2014, an estimated total of US$ 28.7 billion investment were to be made in Brazil, Peru, Chile, and Colombia for port infrastructure market. Growing investments in Latin America to improve transportation, strengthen the commodity exports and fulfill the local consumer demands will present significant growth opportunity over the forecast period. The region is characterized by the presence of 92 anchorages and 15 terminals, a significant number of which need to be upgraded. This creates a high growth prospect for the port infrastructure market in the region.

Majority of the big-budget construction projects are lined up by the Gulf Cooperation Council (GCC) for annexation of shipping activities in the region. For instance, Fujairah Oil Terminal, Khalifa Port and Industrial Zone (Abu Dhabi), Boubyan Island (Kuwait), and Sohar Industrial Port (Oman) are few of the major projects. GCC is likely to remain the key focus of port infrastructure market.

Some of contracting companies include ACS Group, Hyundai Engineering, Consolidated Engineering Construction Co, Bechtel, and Danube Ports Network Company. Along with the large number contracting players, industry competition is also characterized by the equipment manufacturers. Some of them include OAO Baltkran, Cargotech, C.V.S. SpA, Demag Cranes, Fantuzzi and Liebherr.