Industry Background:
Organized crime conspiracies or people engaged in merchandise trafficking, drug smuggling, and terrorism are constantly targeting maritime cargoes and vessels around the world. These crimes depend heavily on exploiting security flaws in ports. The clean, stable, and competitive operation of the maritime transportation system require port protection. It encourages the growth of commerce and is a critical component of maritime trade competitiveness, which cannot be accomplished solely by upgrading port facilities and rising operational efficiency. Port protection will become a major concern in trade agreements and government and business decisions. Seaport security management plays an important role by enabling safe operations at the seaport. It is now adopted by many countries and organizations to keep their cargo safe.This growth is primarily driven by Increasing Terrorist Activities Are Driving the Demand for Seaport Security Management
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Business Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thales Group (France), Tyco International (Ireland), CONTROP Precision Technologies Ltd. (Israel), Bosch Security Systems (Germany), Unisys (United States), Flir System (United States), Honeywell International (United States), HCL Infosystems (India), Saab AB (Sweden), Siemens (Germany) and Raytheon (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Thales announced that they have completed the acquisition of Gemalto (Euronext Amsterdam and Paris: GTO), creating a global leader in digital identity and security. With Gemalto, Thales will cover the entire critical decision chain in a digital world, from data generation via sensors, to real-time decision support. This acquisition increases Thales’s revenues to €19 billion and self-funded R&D to €1 billion a year, with 80,000 employees in 68 countries.
In 2021, Thales announced that they will deliver the ground alerter 10 – and early warning system to German federal armed forces for camp and convoy protection. The Ground Alerter 10 (GA10) will provide C-RAM (Counter - Rocket, Artillery, Mortar) alert and impact zone early warning for camp protection as well as dismounted operations in convoy protection. The GA10 brings precious seconds that save lives for soldiers to evacuate or take cover.Growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Influencing Trend:
Adoption of New Technology for Seaport Security Management Like Geographic Information System and Introduction Specialised Task Forces for Seaport Security Management
Market Growth Drivers:
Increasing Terrorist Activities Are Driving the Demand for Seaport Security Management and Growing Demand for Seaport Security Management for Surveillance Purposes
Challenges:
High Cost Associated with Seaport Security Management
Restraints:
Increasing Use of Advanced Technologies by Terrorist Groups
Opportunities:
Increasing Number of Construction of Ports in Asia Pacific Will Increase the Demand for Seaport Security Management and Emerging Demand of Seaport Security Management for Military Purposes
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Seaports Security Management Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Seaports Security Management Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Seaports Security Management players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Seaports Security Management Study Sheds Light on
The Seaports Security Management Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Seaports Security Management industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Seaports Security Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.