Global Transportation and Security Systems Market Analysis and Growth Study 2014-2021
Transportation and Security Systems are becoming increasingly vital for ensuring proper safety and efficient timely operations so that the entire transportation system can run smoothly. As these systems lead to risk-free travelling for passengers, goods and commodities the global transportation and security systems market are thus experiencing a positive growth trend. The need for advanced security systems is increasing rapidly due to the increase in terrorist attacks and smuggling of prohibited goods like drugs, marijuana etc. across all modes of transportation globally. Moreover, maintaining public safety, infrastructural development and enhanced transportation security are all together pushing the transportation and security systems market uphill.
The report “Global Transportation and Security Systems Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021
” recently added by DecisionDatabases.com anticipates a double digit growth rate in the next five years. Among the different modes of transportation - seaways, airways, railways and roadways, roadways dominate the overall transportation and security system market as it is being used globally.
The report segments the market into surveillance, access control, scanning and biometrics. Access control is the most important segment of any security and safety systems and thus has remained the most influential segment. Access control is being used in bus terminals, railway stations, airports and other public areas where security barriers are registered. Surveillance is another important part of transportation security as surveillance using CCTV cameras helps in effectively observing and monitoring any kind of criminal activity. Thus transportation and security system is being enhanced by using CCTV cameras as it helps to keep an eye in public places. However, advanced surveillance systems are also been introduced which are giving tough competition to the existing ones. In order to find out the hidden threats in the passengers’ baggage, scanning systems used for baggage need to be upgraded.
The report studies the transportation and security system market geographically as North America, Europe, Asia-Pacific and rest of the world. North America is a major market on account of latest technological advancements and early adoption of security analytics solution in the region.
Asia-Pacific is also expected to become a fastest growing market during the forecast period due to the continuous technological advancement and increasing demand across various industry verticals, especially from India and China. These regions are growing due to the massive infrastructural development of transportation facilities. Furthermore, a positive impact on the growth of the market in the APAC region can be seen through fast digitization of businesses and growing acceptance of cloud services by SMEs .Thus with the emergence of latest and updated technologies in metal detectors, baggage scanners and explosive detectors are predicted to pull the global transportation and security system market in the coming few years.
The report analysis some leading industry players such as Alert Logic, Inc., Alien Vault, Inc., Arbor Networks, Inc., Blue Coat Systems, Inc., Cisco Systems, Inc., EMC RSA, Fireeye, Inc., Hewlett-Packard Enterprise, IBM Corporation and Log rhythm, Inc.
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