Vessel Traffic Management System (VTMS) Market: Projected Growth and Future Trends
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The Vessel Traffic Management System (VTMS) market is set to experience significant growth in the coming years, with a projected compound annual growth rate (CAGR) of 7.3% during the forecast period. By 2032, the market is expected to reach a substantial value of approximately USD 7.13 billion, driven by technological advancements, increasing maritime traffic, and the need for enhanced safety and operational efficiency in the shipping industry.
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