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Critical Infrastructure Security Market Assessment EU-Accession
Frost & Sullivan, May 2010, Pages: 65
The critical infrastructure security market in the EU-Accession States ( Bulgaria, Romania, Latvia, Estonia, Lithuania, Poland, Czech Republic, Slovakia, Hungary, Slovenia, Malta, Cyprus) is expected to have a considerable growth by 2017. Frost & Sullivan expects that spending in this region on security systems will enhance over the forecast period following the assessments to areas/segments of greatest risk such as seaport, energy, mass transport and airport security. Frost & Sullivan has identified opportunities in the critical infrastructure market mainly related to the energy sector, which covers 63 per cent of the total security spending over the forecast period
Research Overview
This Frost & Sullivan research service titled Critical Infrastructure Security Market Assessment EU-Accession States provides quantitative overview of security spending in the East European region within seaport, energy, airport, and mass transport security markets. The study identifies the key market drivers, restraints, and industry challenges, analyzing their impacts and providing strategic recommendations for companies that wish to enter the critical infrastructure security market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following sectors: perimeter detection, surveillance systems, access control, and screening detection.
This analysis is available through our Defense Growth Partnership Services program. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Steady Stream of Investment into the Energy, Mass Transport, Seaport, and Airport Verticals Energizes the Critical Infrastructure Security Market in the EU-Accession States
Heavy investments on verticals such as energy, mass transport, seaport, and airport have driven growth in the critical infrastructure security market in the EU-accession states. The market is poised to continue on its upward growth trajectory, stimulated by Government funds as well as private investments. Critical infrastructure security market in the EU-Accession States is expected to amount approximately $2, 2 billion by 2017 with peaks in 2011 and 2013, due to the release of funding from the European Union and procurement for projects related to energy and airport sector in the region,' says the analyst. 'Compliance requirements with European security regulations and the need for formulating a common security strategy with all state members are other factors spurring growth in this market.' Construction of new power plants in countries such as Poland, The Czech Republic and Bulgaria as well as upgrade of security systems for airports in countries such as Poland, Romania, Czech Republic, Bulgaria, and Slovakia are expected to increase in the future
Although market prospects look upbeat, there are some challenges clouding the landscape. The economic downturn has constrained the budget for critical infrastructure security. Consequently, technology spending will be affected by the delay of key infrastructure projects. Apart from this, there is a lack of state incentives to lure foreign companies to venture into this domain. Moreover, the procurement process is highly complex, especially for new competitors. 'Local or well-established companies are preferred during the tender,' explains the analyst. 'Besides, tenders can become complex and part of the bureaucratic process.' Nonetheless, savvy participants can manage the tenders with the help of local experts familiar with the local language and set of laws.
The market is highly fragmented. For some of the segments; there are a few dominant competitors; for other segments, especially in the aftermarket side, there are many interesting opportunities. To achieve the cutting edge, companies should ramp up capability in the existing product line. While entering new markets, performing an analysis of the distribution chain is vital. Striking up partnerships with system integrators in the region and local participants is another important criterion for successful business outcomes. 'Acquisitions of local companies should be considered to penetrate markets that present formidable barriers for foreign companies,' notes the analyst of this research service. 'Tier 1 companies are already consolidated in the market but Tier 2 and Tier 3 companies can outsource many of their products to companies that already operate and have a better understanding of the market’s dynamics.' Focus should be laid on the aftermarket service. Also, long-term contracts will be more favorable than ad hoc due to the boost of revenues on the service side.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Perimeter detection
- Surveillance systems
- Access control
- Screening detection
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