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Mass Transit Security Market Growth, Industry Analysis and Forecast 2022-2027

Market Statistics:

According to IMARC Group latest published report, titled “Mass Transit Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the global mass transit security market is expected to exhibit a CAGR of 6.8% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Mass transit security refers to the numerous safety solutions deployed at the entry and exit points of multiple public transportation modes. These security systems are employed to detect, monitor, and scan public locations to ensure the safety of passengers and their belongings. Video surveillance and analytics are essential components of these safety solutions as they are programmed to send alerts to the transit security force upon witnessing violations of rules and regulations. Some of the other forms of security tools employed at transportation hubs include voice recognition, biometric access controls and automated 3D and X-ray scanners.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The global market is primarily driven by the increasing incidences of criminal and terrorist attacks in public spaces. This has impelled governments and law enforcement agencies to deploy high-quality and efficient public safety solutions at places with high traffic. Consequently, advanced and innovative safety systems are being employed at mass transit locations, including airports, bus stops, railway stations and subways, to avoid security breaches. Furthermore, governments of several countries are heavily investing in the renovation and development of existing transportation systems to offer enhanced convenience to the passengers.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players being Axis AB (AXIS.ST), BOSCH LTD (BOSCHLTD.NS), Cisco Systems, Inc. (CSCO), FORTEM RESOURCES INC (FTMR), Genetec Inc., Hikvision Digital Technology, IndigoVision Group PLC, NICE Systems Ltd., Panasonic Corporation, etc.

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Global Mass Transit Security Market Coverage and Industry Segmentation:

The report cover the below key market segments

Market Breakup by Transit Type:

  1. Airways
  2. Waterways
  3. Railway
  4. Roadways

Market Breakup by Solution Type:

  1. Surveillance System
  2. Screening System
  3. Biometric Security and Authentication System
  4. C2/C4ISR System
  5. Critical Communication System
  6. Others

Market Breakup by Service Type:

  1. Managed Services
  2. Professional Services

Market Breakup by Application:

  1. Household
  2. Industrial
  3. Retail and Payment Industries
  4. Logistics and Transportation Industries
  5. Healthcare
  6. Others

Market Breakup by Region:

  1. North America
  2. Asia Pacific
  3. South Korea
  4. United Kingdom
  5. Latin America
  6. Middle East and Africa

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