Research Nester assesses the growth and market size of the global automated border control market which is anticipated to be on account of the rising terrorism and growing need for security in seaports.
New York –March 18, 2024- Research Nester’s recent market research analysis on “Automated Border Control Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global automated border control market in terms of market segmentation by component, solution type, application, procedure type and by region.
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Rising International Travel & Tourism Activities and Growing Security Threats Necessitate Advanced Identification to Promote Global Market Share of Automated Border Control Market
The global automated border control market is estimated to grow majorly on account of the increased adoption of digital identity solutions. Moreover, the rapidly growing demand for border crossings has been witnessed. Here, the requirement to speed up the clearance process at numerous crossing points is very important. Other than this, the rising global trade has boosted the number of corporate travelers across the globe. For example, it has been estimated that business travel expenditure has increased in the year 2022. Other than this, in the year 2023, it was observed that the global business travel spending at the end of the year would be almost USD 1.41 trillion. On the back of this, the global automated border control market is projected to garner a remarkable share during the forecasted period. Other than this, the rise in terrorism has increased the efforts of the government in numerous regions toward the implementation of this technology. Hence, the increase in the security concerns of the nation and convenience of the travelers are the prominent factors that are fueling the growth of the global automated border control market during the forecasted period. Other than this, the continued innovation in biometrics, data analytics, and artificial intelligence is also boosting the global automated border control market growth.
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Some of the major growth factors and challenges that are associated with the growth of the global automated border control market are:
Growth Drivers:
• Surge in Security Threats Across the World
• Increasing Adoption of Digital Identity Solutions
Challenges:
Security & privacy concerns, strict regulatory standards, and high implementation & maintenance costs are some of the major factors anticipated to hamper the global market size of the global automated border control market.
By procedure type, the global automated border control market is segmented into an integrated two-step process, a one-step process, and a segerated two-step process. Out of these, the integrated two-step process segment is projected to gain a robust market share of almost 52.1% in the coming years. The growth of the segment can be attributed to the increasing adoption of integrated 2 step processes for automated border control due to its efficiency.
By region, the Europe automated border control market is to generate the highest revenue by the end of 2036. The growth of the region can be attributed to the rising international travel & trade activities in the region. Also, the rise in security concerns is escalating the growth of Europe's automated border control market.
This report also provides the existing competitive scenario of some of the key players of the global automated border control market which includes company profiling of Collins Aerospace, Cognitec Systems GmbH, Securiport LLC, CrossMatch, HID Global Corporation, Indra Sistemas, Accenture, Gunnebo AB, Salto Systems, Atos SE, NEC Corporation, Panasonic Corporation and others.
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