Transportation security refers to the physical and cyber securities implemented in mass transit locations such as railway stations, bus stations, airports, marine ports, and logistics. The need for security in these premises is very important because of the increasing unauthorized border crossing, and the transportation of arms and ammunitions between countries and continents. Surveillance, chemical, biological, radiological and nuclear detection, access control, perimeter intrusion detection and biometric technologies are some of the major types of security solutions provided in the Transportation industry. Currently, the need for transportation security is on the rise, mainly because of the increase in terrorist attacks and criminal activities.
Analysts forecast the Global IT Security Solutions market in the Transportation industry will grow at a CAGR of 18.9 percent during the period 2013-2018.
The Report recognizes the following companies as the key players in Global IT Security Solutions Market in the Transportation Industry: Bosch Security Systems Inc., Honeywell International Inc., SAAB AB, Safran SA, Tyco International Ltd, Axis Communications AB, Cisco Systems Inc., Electronic Security Products Inc.,Flir Systems Inc., Huawei Technologies Co. Ltd, James Fisher and Sons plc, Johnson Controls Inc., L-3 Communications Corp., Motorola Solutions Inc., NICE systems Ltd, PanasonicCorp., Rapiscan Systems Ltd, Raytheon Co., Samsung Electronics Co. Ltd, Siemens AG, Stanley Black & Decker Inc., Unisys Corp., United Technologies Corp.
Continual advances in technology have increased the need for security products in airports and marine ports. In addition, transportation security product vendors are able to deliver high-quality output to customers. The rate of change and advance in the market is rapid, which is resulting in the development of advanced and highly accurate security products. Therefore, end-users can completely rely on the products.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global IT Security Solutions market in the Transportation industry for the period 2014-2018. To calculate the market size, the report considers revenue generated from the sales of products such as access control, video surveillance, biometrics, CBRN detection, and intrusion detection used in transportation security systems. It also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global IT Security Solutions market in the Transportation industry. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
According to the report, the Global IT Security Solutions market in the Transportation industry has many growth drivers, of which growing security concerns is one of the major drivers. There has been a massive increase in the intensity and occurrence of security attacks, issues, and threats in recent years. This has resulted in the increased adoption of transportation security solutions to curb breaches of security and eliminate security attacks.
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Further, the report states that the high cost of implementation is one of the key challenges faced by vendors in this market. Despite potential benefits associated with transportation security solutions, certain countries are refraining from investing in them, primarily because of their high costs.
â¢ Bosch Security Systems Inc.
â¢ Honeywell International Inc.
â¢ SAAB AB
â¢ Safran SA
â¢ Tyco International Ltd
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Other Prominent Vendors
â¢ Axis Communications AB
â¢ Cisco Systems Inc.
â¢ Electronic Security Products Inc.
â¢ Flir Systems Inc.
â¢ Huawei Technologies Co. Ltd
â¢ James Fisher and Sons plc
â¢ Johnson Controls Inc.
â¢ L-3 Communications Corp.
â¢ Motorola Solutions Inc.
â¢ NICE systems Ltd
â¢ Panasonic Corp.
â¢ Rapiscan Systems Ltd
â¢ Raytheon Co.
â¢ Samsung Electronics Co. Ltd
â¢ Siemens AG
â¢ Stanley Black & Decker Inc.
â¢ Unisys Corp.
â¢ United Technologies Corp.
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Key Market Driver
â¢ Increasing Security Concerns.
Key Market Challenge
â¢ High Implementation Costs.
Key Market Trend
â¢ Rapid Advances in Technology.
Key Questions Answered in this Report
â¢ What will the market size be in 2018 and what will the growth rate be?
â¢ What are the key market trends?
â¢ What is driving this market?
â¢ What are the challenges to market growth?
â¢ Who are the key vendors in this market space?
â¢ What are the market opportunities and threats faced by the key vendors?
â¢ What are the strengths and weaknesses of the key vendors?
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