Dallas, Texas (PRWEB) June 07, 2014
Continual technological advancement in this market has led to an increase in the applications of security products in airport and marine ports. In addition, port security product vendors are able to deliver high-quality output to customers. The rate of change and technological advancement in the market are very fast, and this has resulted in the development of advanced and highly accurate security products. Therefore, end-users can completely rely on the products.
Analysts forecast the Global Port Security Management market will grow at a CAGR of 10.5 percent over the period 2013-2018. According to the report, the Global Port Security Management market has many growth drivers, of which the growing security concerns is one of the major drivers. The intensity and occurrence of security attacks, issues, and threats is increasing massively. Recently, the number of thefts, robberies, and terrorist attacks has increased to a great extent. This has resulted in the increased adoption of port security solutions to curb breaches of security and eliminate security attacks.
This report covers the present scenario and the growth prospects of the Global Port Security Management market for the period 2014-2018. To calculate the market size, the report considers revenue generated from the sales of products used for airport security and marine port security. It also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Port Security Management market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Further, the report states that one of the key challenges faced by the vendors in this market is the high cost of implementation. Despite potential benefits associated with port security solutions, certain countries are refraining from investing in them, primarily because of their high costs. Also, there are certain hidden costs involved in the maintenance of these products, making end-users hesitant to adopt them.
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Key Market Driver
- Increasing Security Concerns
Key Market Challenge
- High Implementation Costs
Key Market Trend
- Rapid Technological Advancement
The following companies as the key players in Global Port Security Management Market: Honeywell International Inc., L-3 Communications Holdings Inc., SAAB AB, Safran SA, Tyco International Ltd., Flir Systems Inc., Huawei Technologies Co. Ltd., James Fisher and Sons plc, Kerio Technologies Inc., Motorola Solutions Inc., NETASQ, Rapiscan Systems, Siemens AG, Unisys.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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