According to a recent research report by IMARC Group, the global mass transit security market is expected to grow at a CAGR of around 10% during 2020-2025. Mass transit, also known as mass transportation, refers to the movement of a large group of people using public transportation facilities. To ensure the day-to-day safety and security of transit riders and their goods, various security measures are enforced at entry and exit locations, such as bus stops, railway stations, airports and marine ports. Moreover, technologies, such as ticket vending machines (TVMs) and closed-circuit televisions (CCTVs), are also employed to enhance security and provide a protected public transportation environment.
Global Mass Transit Security Market Trends:
Transportation systems are vulnerable to security threats as a large number of passengers board public transport every day. This, in turn, is escalating the sales of mass transit security systems to ensure the safety of these passengers. In addition to this, owing to increasing terrorist activities on a global scale, governments of several countries are undertaking various measures to strengthen the security at transit locations. Such concerns have further led to technological advancements, such as e-passports that are embedded with smart chips to generate a unique code for the identification of the user. This is expected to strengthen the market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Mass Transit Security Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being Axis AB (AXIS.ST), BOSCH LTD (BOSCHLTD.NS), Cisco Systems, Inc. (CSCO), FORTEM RESOURCES INC (FTMR), Genetec Inc., Hikvision Digital Technology, IndigoVision Group PLC, NICE Systems Ltd., Panasonic Corporation, etc.
The report has segmented the market on the basis of Types, Application, and Region.
Market Breakup by Transit Type:
Airways
Waterways
Railways
Roadways
Market Breakup by Solution Type:
Surveillance System
Screening System
Biometric Security and Authentication System
C2/C4ISR System
Critical Communication System
Others
For more information about this report visit: https://www.imarcgroup.com/mass-transit-security-market
Market Breakup by Service Type:
Managed Services
Professional Services
Market Breakup by Application:
Household
Industrial
Retail and Payment Industries
Logistics and Transportation Industries
Healthcare
Others
Market Breakup by Region:
North America
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa
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