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, 2026
New York, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automated Border Control Market By Component, By Solution, By Application, By Company, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06020634/?utm_source=GNW
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.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and estimate the market size of the Global Automated Border Control Market from 2016 to 2019.
• To estimate and forecast the market size of the Global Automated Border Control Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global Automated Border Control Market based on component, solution, application, company and regional distribution.
• To identify dominant region or segment in the Global Automated Border Control Market.
• To identify drivers and challenges for the Global Automated Border Control Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Automated Border Control Market.
• To identify and analyze the profile of leading players operating in the Global Automated Border Control Market.
• To identify key sustainable strategies adopted by market players in the Global Automated Border Control Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of the Global Automated Border Control Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
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
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
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:
o ABC e-gate
o ABC kiosk
• Global Automated Border Control Market, By Application:
o Land port
• Global Automated Border Control Market, By Region:
o North America
o Middle East & Africa
o South America
Company Profiles: Detailed analysis of the major companies present in the Global Automated Border Control Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06020634/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001