Security Screening Market to be Reach $9.10 Billion by 2020 at CAGR 9.46% – New Report by MarketsandMarkets
(PRWEB) December 15, 2014 -- Security Screening Market involves scanning of those and their belongings, to avoid unlawful and unethical practices. The importance of security screening has been increasing due to threats related to terrorism, and other unethical and unlawful practices which may result in economic, financial, and, human loss. Security Screening Market can be segmented on the basis of applications, products, and geography. In conditions of applications, the Security Screening Market is divided on the basis of the airports, government applications, border check points, educational institutes, private sector, and public places, among others. In terms of the products, the Security Screening Market is divided by X-ray screening system, explosive trace detector, electromagnetic detector, and biometric system.
The report "Security Screening Market by Product (X-ray & biometric screening system, EDT, and metal detector), by Application (Airport, Government, Border Security, Education, and Private and Public Places), and by Geography - Analysis and Forecast to 2013 - 2020", defines and segments the data center security screening market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.
Security screening involves screening people and their belongings. Screening of person and its belongings can be done at places such as airports, government offices, private sector, public places (malls, hospitals, hotels, casinos, and stadiums), border checkpoints, and educational institutes. There has been a constant threat of terrorism and unlawful activities to the regions such as North America, APAC, and Europe. The September 2001 twin tower attack incident resulted in huge economic, financial, and human loss to the U.S; similarly, the November 2008 incident in India had stunned the country. Thus, the need for security and safety at all places is important.
Browse 73 market data Tables and 91 Figures spread through 199 Pages and in-depth TOC on "Security Screening Market - Analysis and Forecast to 2013 - 2020".
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The global security screening market is expected to reach $9.10 Billion by 2020, at an expected CAGR of 9.46% from 2014 to 2020.
The report gives a detailed view of the market across the four major geographies, namely - North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, Spain, and Russia), APAC (China, Japan, South Korea, India, and Australia), and RoW (Latin America, Middle East, and Africa).
Asia-Pacific stands first in provisions of the CAGR in the Security Screening Market. North America has been identified as the leader in the security screening market in terms of the market size, with the U.S leading the way. Europe is a promising market, comprising Germany and the U.K.; while the ROW also presents a driving factor toward the growth of this market with Brazil and Argentina. The report profiles the 10 major players in the security screening market ecosystem.
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The competitive landscape of the Security Screening Market presents an overall scenario, where main players such as Smiths Group plc. (U.K.) and Safran SA (France) play a major role. The market is witnessing agreements, contracts, and product launches across its value chain, among a number of tier-one players around the globe. SafranSA (France) developed Finger on the Fly', which is the world's fastest contactless four finger scanner. Smiths Detection (U.K.) came up with an advanced dual-view X-ray inspection system for automatic explosive detection at security checkpoints where bags and personal belongings are screened. Thus, the market players are constantly working toward new and innovative product offerings.
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