Portland, OR -- (SBWire) -- 07/28/2017 --Airport & marine ports are the gateways to the global economy for exchange of goods and for passenger travel. The aim of this report is to analyze the present and projected future trends of the port security market as it is expected that airports and marine ports would enhance the security parameters due to growing security concerns globally. The study covers a deep-dive analysis of the market potential of the various port types, solutions and services of the port security market. The report analyzes opportunities in the developed and developing nations so that companies can make strategies as per their targeted regions.
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Since airports and marine ports are essential transit points to the global business operations, security is a crucial aspect to allow sustained business continuity. Therefore, the need of business continuity is a key driver for the market. Terror threats to the ports are continuously increasing; therefore, efficient security arrangement is required, which is driving the market. Moreover, governments across the globe understand the importance of providing efficient security measures at ports, which has led to several government initiatives to beef-up port security. However, governments across the globe are making country specific regulations for port security, which leads to inconsistency among regulatory authorities. This inconsistency does not allow security agencies to provide security at same levels globally which is the key restraint for the market. Economic developments in emerging nations and increasing number of airports and marine ports offer several growth opportunities for the market.
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High level Analysis
The report analyzes the potency of buyers & suppliers, threat of substitute products and new entrants based on the Porter's five force model. The bargaining power of suppliers is low as the buyers are government organizations that have higher negotiating power in the market. Potency of buyers is high as they are knowledgeable about requirements of security at ports. Moreover, there are multiple suppliers in the market and buyers can easily switch to other suppliers at minimal switching cost. The threat of substitute products is high as companies are constantly developing new solutions and services. The market requires high technical expertise and capital investment; therefore, the threat of new entrants is low. Companies are involved in partnerships and collaborations to share technical expertise, which minimizes the intensity of rivalry in the market. The key investment pockets are analyzed based on the market estimations of each segment.
AIRPORT & MARINE PORT SECURITY MARKET KEY DELIVERABLES
The report segments the report on the basis of services, solutions, and geographies as follows:
BY PORT TYPE
- Airport
- Marine port
BY SOLUTIONS
Access Control
- Biometrics
- Identity Management
- Automatic Vehicle Identification (AVI)
Video Surveillance and Analytics
Screening and Scanning
- Baggage Screening
- Cargo Screening
Weapons, Drugs, and Explosives Detection
Asset and Visitor Management
Perimeter Intrusion Detection
Fire Protection
Network and Cyber Security
Others
BY SERVICES
- Consultation and Designing
- Integration
- Managed Services
- Maintenance and Support
BY GEOGRAPHY
- North America
- Europe
- Asia-Pacific
- LAMEA
Global Airport & Marine Port Security Market - Opportunities and Forecasts, 2016 - 2022