- The key vendors in the maritime security market in North America 2015-2019 are BAE Systems Inc., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co. and Safran SA
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the maritime security market in North America 2015-2019 8. One of the key trends being witnessed in this market is the rapid advances in technology. Continual advances in technology have led to an increase in the application of security solutions in airports and marine ports. In addition, marine port security application vendors deliver high-quality output, which results in their increased adoption. The maritime security market in North America is expected to grow at a CAGR of 7.23% during the period 2014-2019.
The high adoption of security applications such as marine surveillance is expected in the region along with network and cyber security. The introduction of cloud-based security solutions is expected to affect the market growth as it is cost-effective with certain additional features such as the elimination of the need for infrastructure. Moreover, the growing threat of terrorist attacks, transportation of weapons, and other illegal goods are encouraging the adoption of marine port security applications.
“Currently, vendors in the market are offering security applications such as fire detection, intrusion detection, access security, and security surveillance,” says Faisal Ghaus, Vice President of Technavio Research.
“There is a high demand for additional service offerings such as scanning, weapon detection, upgrades, configuration enforcement, and change control in the vulnerability space.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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