The Telecom and IT practice at MarketsandMarkets is pleased to announce its Analyst Briefing on the “Transportation Safety and Transportation Security Market Modes (Airways; Seaways; Roadways; Railways); Systems (Access Control; Surveillance, Scanning, Screening, Tracking, Navigation, Fire Safety): - Worldwide Market Forecasts (2013 – 2018)” to be held on 13 December, 2013. The briefing will cover an overview of drivers, restraints, and opportunities that impact this market.
With the world’s focus on terrorism, the transportation safety and security market has undergone through different changes in the last few years. New technologies and strategies are being continually developed. Some of the emerging technologies in the market are integration software, Software-as-a-Service (SaaS), and integration of command and control system with secure communication and advanced imaging technology. Staying in alignment with these latest technologies and best practices is the paramount for protecting critical transportation infrastructures. The other main threats which are enforcing the government to take imperative actions are immigration of illicit goods, antisocial behavior, catastrophic accidents, and natural and unnatural disasters.
The major factors which are driving this market are massive infrastructural development including the increase in the number of freight movement, increase in global airports and seaports worldwide, and increase in the number of air, water, and land security-related projects, especially in the Asia Pacific (APAC) and Middle East and Africa (MEA). Over the next 5 years, this market is expected to evolve, with the increase of new vendors and service providers in the ecosystem. The other major growing factor for this market is the business continuity, with the enhanced transportation safety and security; commercial organizations are able to improve their Return on Investment (ROI) scenario.
MarketsandMarkets forecasts the transportation safety and security market to grow from $37.80 billion in 2013 to $62.96 billion in 2018. The North American market is expected to be the biggest revenue contributor, whereas APAC, MEA, LA are expected to gain traction over the forecasted period.
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Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.