Blog > April 2020 > IoT in The Maritime Industry
With large expected growth, the maritime industry is poised for an upgrade in its technology. Route optimization, maintenance costs and asset tracking are some of benefits of IoT technology.

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Instances where industrial IoT solutions can be implemented in maritime operations can have a significant impact on route optimization

The overall opportunity: According to research, the Maritime satellite Communication market is expected to grow from USD 3.20 billion in 2018 to USD 8.30 billion by 2026, at a CAGR of 11% during the forecast period. The driving factor for growth being the enhanced need in the growth of improved communication.
 
The need: the maritime industry lags behind alternative transport industries in terms of its use of information and communications technology
 
Use Cases: Instances where industrial IoT solutions can be implemented in maritime operations can have a significant impact on route optimization, maintenance costs and asset tracking. Here is a closer look at those use cases for implementing an IIoT solution out at sea.
 
Asset tracking & monitoring
On a large scale, sensors help track the location of a ship at sea, on a smaller scale they are able to provide the status and temperature of cargo containers. One benefit is real-time metrics on refrigerated containers. These containers must be stored at constant temperatures so that perishable goods remain fresh. When temperatures differ from the optimal mark, the crew can be notified and begin looking into the problem preventing loss of the cargo.
 
Additionally, these systems can monitor cargo and the ships as well as provide stakeholders the ability to obtain and analyze real-time data to final recipients.