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.
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.
Global Airport & Marine Port Security Market Analysis by Port Type
The report segments the market by port types on the basis of airports and marine ports. Currently, the airports have the highest market share as airport security has been a key area of concern globally due to the high value assets and risk of air crashes. Additionally, attacks such as the 9/11 emphasizes on security up gradation at airports. It is projected that airport security would continue to have the larger revenue share in the future as well. However, it is expected that marine ports would have higher growth potential as marine security needs are growing due to the increased international trade requirements.
Global Airport & Marine Port Security Market Analysis by Solution
The market is segment by solutions on the basis of access control, video surveillance & analytics, screening and scanning, weapons, drugs, & explosives detection, asset & visitor management, perimeter intrusion detection, fire protection and network & cyber security. Video surveillance & analytics currently has the highest market share as several security cameras are installed at ports for video surveillance. Additionally, large amount of data is generated through video surveillance, which needs analytical equipments. The asset & visitor management solution is expected to have the highest market potential as it is essential to monitor the security of key assets and visitors.
Global Airport & Marine Port Security Market Analysis by Service
The services market is segmented on the basis of consultation & designing, integration, managed services, and maintenance & support. Consultation & designing services currently have the highest market share as these services form the base of port security to setup all the security solutions. However, it is expected that maintenance & support would have the highest market potential as it is an ongoing service that would be required constantly at old and new ports.
Global Airport & Marine Port Security Market Analysis by Geography
The geography segment includes North America, Europe, Asia-Pacific, and Latin America, Middle-East and Africa (LAMEA). Currently, North America has the highest revenue share as it has been a pioneer in implement strict security measures at ports from early days. However, it is expected that
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.
Global Airport & Marine Port Security Market Analysis by Port Type
The report segments the market by port types on the basis of airports and marine ports. Currently, the airports have the highest market share as airport security has been a key area of concern globally due to the high value assets and risk of air crashes. Additionally, attacks such as the 9/11 emphasizes on security up gradation at airports. It is projected that airport security would continue to have the larger revenue share in the future as well. However, it is expected that marine ports would have higher growth potential as marine security needs are growing due to the increased international trade requirements.
Global Airport & Marine Port Security Market Analysis by Solution
The market is segment by solutions on the basis of access control, video surveillance & analytics, screening and scanning, weapons, drugs, & explosives detection, asset & visitor management, perimeter intrusion detection, fire protection and network & cyber security. Video surveillance & analytics currently has the highest market share as several security cameras are installed at ports for video surveillance. Additionally, large amount of data is generated through video surveillance, which needs analytical equipments. The asset & visitor management solution is expected to have the highest market potential as it is essential to monitor the security of key assets and visitors.
Global Airport & Marine Port Security Market Analysis by Service
The services market is segmented on the basis of consultation & designing, integration, managed services, and maintenance & support. Consultation & designing services currently have the highest market share as these services form the base of port security to setup all the security solutions. However, it is expected that maintenance & support would have the highest market potential as it is an ongoing service that would be required constantly at old and new ports.
Global Airport & Marine Port Security Market Analysis by Geography
The geography segment includes North America, Europe, Asia-Pacific, and Latin America, Middle-East and Africa (LAMEA). Currently, North America has the highest revenue share as it has been a pioneer in implement strict security measures at ports from early days. However, it is expected that
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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