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.
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.
