DUBLIN–(BUSINESS WIRE)–Feb 22, 2021–
The "Global Automated Border Control Market By Component (Hardware, Software, Service), By Solution (ABC e-gate v/s ABC kiosk), By Application (Airport, Land port, Seaport), By Company, By Region, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com’s offering.
The Global Automated Border Control Market is expected to grow at a formidable rate of around 18% during the forecast period.
The Global Automated Border Control Market is driven by the growing increasing adoption of advanced technologies such as IoT, AI, facial recognition, biometric identification system, among others. Additionally, the growing security concerns along with maintaining enhanced passenger travelling experience is further expected to propel the market during the forecast period.
Furthermore, ongoing technological advancements and new product launches by the key vendors operating in the market is expected to create lucrative opportunities for the market growth through 2026. However, high initial investment involved can hamper the market growth over the next few years. Besides, lack of standardization can further impede the market growth during the forecast period.
The Global Automated Border Control Market is segmented based on component, solution, application, company and region. Based on component, the market can be categorized into hardware, software and service. The hardware segment is expected to dominate the market attributable to the increasing need for biometric verification technology in the border control process.
On the contrary, the software segment is expected to grow on account of the high efficiency and enhanced performance of biometric and document recognition database algorithms. Based on solution, the market can be bifurcated into ABC e-gates and ABC kiosks. The ABC e-gates segment is expected to dominate the market owing to the increasing need for automation and increasing passenger traffic. Additionally, these can process maximum number of passengers while maintaining security.
Regionally, the Global Automated Border Control Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa.
Among these regions, Asia Pacific is expected to register the significant growth in the overall automated border control market owing to the increasing security concerns which has led to the deployment of ABC kiosks and gates by the different governments in the region. Furthermore, increasing tourism and growing need to enhance travel experience further fuel the market growth in the region through 2026.
The major players operating in the Global Automated Border Control Market are Gemalto, OT-Morpho, SITA, Indra Sistemas, secunet Security Networks, Vision-Box, Gunnebo, NEC Corporation, Accenture, Cross Match Technologies and others.
Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Key Target Audience:
- Automated border control service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automated border control
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
In this report, the Global Automated Border Control Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Automated Border Control Market, By Component:
Global Automated Border Control Market, By Solution:
- ABC e-gate
- ABC kiosk
Global Automated Border Control Market, By Application:
- Land port
Global Automated Border Control Market, By Region:
- North America
- United States
- United Kingdom
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- South America
- Gemalto NV
- ATOS SE
- Aware, Inc.
- Cognitech Systems GmbH
- Collins Aerospace (Raytheon Technologies subsidiary)
- Dermalog Identification Systems GmbH
- Gunnebo Group
- NEC Corporation
- Accenture PLC
- Cross Match Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vwahe1
View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005741/en/
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INDUSTRY KEYWORD: HARDWARE AIR TRANSPORT TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/22/2021 12:34 PM/DISC: 02/22/2021 12:34 PM