DUBLIN, September 8, 2017 /PRNewswire/ --
The "Automated Border Control Market by Solution Type (ABC e-Gate and ABC Kiosk), Component (Hardware, Software, and Services (Installation and Maintenance)), Application (Airport, Land Port, and Seaport), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.
The automated border control (ABC) market was valued at USD 456.5 Million in 2016 and is expected to reach USD 1,577.7 Million by 2023, at a CAGR of 17.45% between 2017 and 2023
The major drivers for the growth of the ABC market are rising security concerns, enhanced traveler convenience in the border crossing process, and increasing need for automation across all port facilities.
APAC is expected to be the fastest-growing market for ABC between 2017 and 2023. The government support to deploy ABC to enhance security and traveler convenience makes the ABC market attractive in the APAC region.
The key restraining factors for this market are the lack of standardization and large capital requirement for infrastructure projects. The threat of identity theft acts as a major challenge for the automated border control market.
Vision-Box (Portugal) held the leading position in the global automated border control market in 2016. The company is a leading provider of security solutions, such as intelligent security, electronic identity management solutions, and automated biometric-enabled systems. The company also offers identity and automated border management tools, biometrics, and government IDs for authenticity and protection. The company focuses on both organic and inorganic growth strategies to expand its share in the ABC market.
For instance, in 2017, the company launched the Orchestra framework for the biometric border control process and signed a framework agreement with Amsterdam Airport Schiphol to modernize the airport. Furthermore, the company's strong brand image has contributed to its growth in the ABC market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automated Border Control Market, By Solution Type
7 Automated Border Control Market, By Component
8 Automated Border Control Market, By Application
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Arjo Systems
- Atos (France)
- Biolink Solutions (Us)
- Cognitec Systems
- Cominfosec (Czech Republic)
- Cross Match Technologies
- Dorma+Kaba Holding (Switzerland)
- Ier Sas
- Indra Sistemas
- International Security Technology (China)
- Leidos (Us)
- Magnetic Autocontrol (Germany)
- Modi Modular Digits (Germany)
- Mhlbauer Holding (Germany)
- Nec Corporation
- Rockwell Collins (Us)
- Secunet Security Networks
- Veridos (Germany)
For more information about this report visit https://www.researchandmarkets.com/research/zpj5ds/automated_border
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SOURCE Research and Markets