Automated Border Control Market Analysis To Reach USd Million Enormous Profit
Market Overview:
Automated Border Control Market Analysis Size is anticipated to reach USD 2,502.5 Million by 2027, registering a CAGR of 18% during 2021-2027.
During the anticipated time, the Automated Border Control Market Analysis is anticipated to develop significantly. Over the course of the projection period, factors like rising security concerns, more automation at port facilities, and the introduction of multimodal biometrics are predicted to propel market expansion. Additionally, the expansion of air travel in developing nations will probably present attractive market expansion opportunities. The absence of standards and privacy issues, however, are anticipated to impede industry expansion.
Key players:
Thales Group (France), Accenture PLC (Ireland), SITA (Switzerland), Indra Sistemas, S.A. (Spain), Secunet Security Networks AG (Germany), IDEMIA (France), Vision-Box (Portugal), Gunnebo AB (Sweden), NEC Corporation (Japan), Cross Match Technologies, Inc. (US)
Market Segmentation:
By Solution Type
The ABC Kiosk Segment is Expected to Grow at a Steady Rate: During the projected period, 2020 to 2027, the ABC Kiosk segment is anticipated to record a steady CAGR. In an ABC Kiosk, the passport is placed inside a kiosk device, which performs all necessary identification and issues an e-Gate token.
The ABC E-Gate Segment Accounted for theLarger Market Share in 2020: Travelers benefit from shorter wait times and a smoother experience thanks to ABC e-gates. In addition to the automatic biometric verification of the traveller, an electronic passport or other machine-readable travel document (eMRTD) is examined. The majority of the ABC uses several modalities, including face, fingerprint, or iris recognition. However, travellers find facial recognition to be the most acceptable technology, thus ABC systems are more likely to use this technology.
By Component
The Software Segment is Expected to Grow at a Higher Rate: The segment for software is anticipated to have the highest CAGR from 2020 to 2027. On account of the high effectiveness and improved performance of biometric and document recognition database algorithms, the software segment is expected to have significant growth. The biometric and document recognition database methods as well as the risk evaluation for travellers are made effective and reliable by the ABC software components. Databases that save biometric information for the face, fingerprint, iris, palm, and vein contain a variety of poses and expressions as well as low- and high-quality photographs taken in both controlled and uncontrolled settings.
The Hardware Segment Accounted for the Larger Market Share in 2020: To communicate, authenticate the data, and grant access to the authorised person at border crossing points, the ABC system uses a variety of hardware components. The hardware elements used in automated border control systems include luggage scanners, signature scanners, document scanners, and biometric scanners. Due to the growing demand for biometric verification technologies during border control, the hardware sector is expected to dominate the global market.
By Application
The Land Port Segment is Expected to Witness the Steady Growth in the Global Market: Throughout the evaluation period, a consistent growth rate is anticipated for the land port segment. In major cities, railroads are regarded as the foundation of the transportation infrastructure. Most people want speedy assistance and information about the immigration/arrival process, train schedules, and train availability. People from other regions who are visiting a new site sometimes ask the reception for directions and have to go through several security checks. Visitors can access this information at these locations thanks to ABC systems.
The Airport Segment Accounted for the Largest Share in 2020: In 2020, the airport segment had the second-largest market share. Airports must increase operational efficiency if they are to manage increased passenger traffic and make the best use of their current infrastructure and technology. ABC systems can manage many passengers, increase operational effectiveness, and preserve security. These systems can also assist with tasks like luggage tagging, self-check-in, and check-out. ABC systems eliminate time-consuming airport tasks including baggage tagging and immigration/arrival process clearance through self-service baggage tagging and immigration/arrival process self-service.
The Seaport Segment is Expected to Witness the steady Growth in the Market: During the review period, a significantly faster growth rate is anticipated for the ports segment. Due to the rising illegal activity at seaport boundaries, border crossing is one of the most delicate and time-consuming tasks. Security is a vital component for long-term business stability because ports are important transit sites in business activities. Moreover, with new and massive seaports being built and modernised all over the world, advanced port security systems will become crucial to detect and stop any impending threat to the ports. To ensure security and quick border crossing, the majority of governments throughout the world are implementing automated border control at seaports.
Regional Analysis:
Restricting unlawful immigration as well as obstructing the movement of sought criminals and possible terrorists are security considerations related with border control. Additionally, one of the biggest security issues is the rise in smuggling incidents. One of the expanding security concerns is immigration. For example, illegal immigration has increased by eight times in Italy, by twice as much in Greece, and by fifty percent at the international Spanish borders.
This significantly increases the demand for effective border control systems. Moreover, according to Global Terrorism Database, an estimated 26,445 people died from terrorism globally in 2017. Between 2007–2017, the global death toll ranged from its lowest of 7,827 in 2010 to the highest year of 44,490 in 2014. Moreover, the rise of immediate security threats to the East and South of Europe and involvement in conflicts in the Middle East further boost the demand for automated border control solutions. Thus, the increasing incidences of terrorism and growing security concerns are expected to drive the growth of the global Automated Border Control Market Analysis during the forecast period.
Full report @ https://www.marketresearchfuture.com/reports/automated-border-control-market-4662
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