According to the latest market research study by Technavio, the global mass transit security systems market is expected to grow at a CAGR of close to 9% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global mass transit security systems market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the components
Source: Technavio
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Global mass transit security systems market by infrastructure security: There is an increase in the incidences of violent activities and sabotages in the critical infrastructure zones across the globe. Such increasing threats has compelled the respective governments to spend on access control, surveillance, fire security systems, intrusion prevention systems, and visitor management systems.
“The need for transportation infrastructure protection is rising to ensure the security, safety, and economic well-being of people and national resources. Infrastructure security solutions help to counter the risk of exploitation and destruction of critical infrastructures from bomb threats, kidnappings, and cyber hacking,” says Ishmeet Kaur, a lead analyst at Technavio for research on IT security.
Global mass transit security systems market by surveillance: Surveillance holds utmost importance for managing transportation security. Security footage from cameras provides critical information about unusual activities that can lead to threatening situations. Regular monitoring and analysis of these recordings help provide security to high-target zones such as airports.
Global mass transit security market by access control: Security is the main concern for both commercial and residential premises. Access control systems have emerged as a highly reliable security solution. These systems are used to monitor the activities and behavior of people in certain areas such as mass transit areas and commercial buildings that are prone to unauthorized access and damage. The rising awareness of the benefits of smart cards for access and identity security in the government sector has been the major driving factor for the growth of the market.
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The top vendors operating in the global mass transit security systems market are:
- Axis Communications
- Bosch Security Systems
- NICE Systems (Qognify)
- Panasonic
- Tyco
The other prominent vendors in the market include AngelTrax, Cisco Systems, Fortem, Genetec, Hikvision Digital Technology, IndigoVision, Intergraph, Kratos Defense and Security Solutions, and Teleste.
A more detailed analysis is available in the Technavio report titled, ‘Global Mass Transit Security Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Light Rail Market 2016-2020
- Global Smart Security Market 2016-2020
- Global Residential Security Systems Market 2016-2020
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