Global Automated Border Control Market to Rise at 16.2% CAGR to 2023, Predicts Stratistics MRC in Its Study Available at MarketPublishers.com11 Dec 2017 • by Natalie Aster
LONDON – As of 2016, the value of the world’s market for automated border control was estimated at around USD 547.46 million. This figure is predicted to exceed USD 1.56 billion by the 2023, as the automated border control market is anticipated to see considerable growth at a 16.2% CAGR over 2017-2023.
The major drivers of the automated border control market growth include, amidst others, escalating security concerns, rising need for automation solutions across all port amenities and improved convenience for travelers during the border crossing process.
Meantime, such factors as high capital requirement for infrastructure projects and lack of standardisation could considerably hamper further growth in the automated border control market globally.
The APAC market for automated border control is predicted to rise at the highest pace due to enhancing security concerns and uptake in passenger travel and tourist activities in this region.
Cross Match Technologies, Accenture, Securiport, Vision-Box, Cognitec Systems, Gemalto, IER SAS, Indra Sistemas, Gunnebo, NEC Corporation, Secunet Security Networks, OT-Morpho, Sita and Arjo Systems are the prominent participants in the world’s automated border control market.
The in-demand research study “Automated Border Control - Global Market Outlook (2017-2023)” worked out by Stratistics Market Research Consulting (MRC) gives a clear understanding of the present scenario and prevailing trends in the world’s market for automated border control. This report comprises trustworthy data on the market dynamics and major influencing factors, regulative framework, competitive landscape, recent development and emerging growth challenges and opportunities. Besides, it comprises comprehensive profiles of the top market participants. This publication not only covers the actual situation across the key regional markets for automated border control, but also offers a future outlook for the automated border control market with detailed forecasts up till 2023.
For a full collection of the publisher’s research reports follow Stratistics MRC online page at MarketPublishers.com.
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