Railway Platform Security Market to register a CAGR of 5.5% during the review period, 2019–2027
Global Railway Platform Security Market is expected USD 2.67 billion 2027 to register a CAGR of 5.5% during the review period, 2019–2027.
Railway Platform Security Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Railway Platform Security Market Trends to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Railway Platform Security Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
The factors responsible for the growth of the railway platform security market include rising need to minimize the risk of unauthorized access to platforms and increasing demand for additional support and advanced solutions for security management. Railway passenger security is interlinked with the safety and security of railway assets such as railway platforms and trains. Minimizing unauthorized access with the help of control systems ensures a high level of security for passengers as well as goods at the railway platform. Several measures are taken to restrict unauthorized access in the form of fencing for railway tracks, installation of CCTVs at high-risk locations, the provision of information to risk groups, and the intensification of supervision. Access control systems play a vital role in preventing unauthorized access by automating entry and exit operations and securing crucial areas.
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Competitive Outlook:
The Global Railway Platform Security Market is characterized by the presence of several regional and local providers. Some of the key players in the market are Honeywell (US), Indra Sistemas (Spain), Huawei (China), Bosch (Germany), Atos (France), FLIR Systems (US), Axis Communications (Sweden), talent (UK), Zhejiang Dahua (US), Hikvision (China), STANLEY (US), Wabtec (US), L&T Technology Services (India), Mitsubishi Electric (Japan), Genetec (Canada), Knorr-Bremse (Germany), Nabtesco (Japan), Senstar (Canada), Avnet (US), and Anixter (US) among others.
Segmentation:
The Global Railway Platform Security Market has been segmented based on components, applications, and regions.
By component, the market has been segmented into solutions and services. The solution segment covers sensors, alarm systems, and video surveillance systems. The various types of sensors included in the sensors segment are microwave sensors, infrared sensors, fiber optic sensors, radar sensors, and other sensors. The video surveillance systems segment has been further segmented into software and hardware. The hardware segment includes cameras and storage devices, whereas, the software segment includes intelligent video analytics software and video management software. By services, the market has been divided into professional services and managed services. By application, the market has been segmented into subways and trains.
The regions included in the study are North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Regional Analysis:
Geographically, the global railway platform security market has been categorized into four regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America is expected to dominate the global railway platform security market with the highest market share, whereas, Asia-Pacific (APAC) is expected to be the fastest-growing region in the railway platform security market due to the increasing adoption of advanced technologies and increasing GDP of Asia-Pacific countries. Also, potential economies in the Asia-Pacific region such as China, Korea, Australia, Singapore, Hong Kong, and India are rapidly investing in the technological transformation which is expected to fuel the growth of the railway platform security market in this region.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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List of Tables
Table 1 Global Railway Platform Security Market: By Region, 2020-2027
Table 2 North America Railway Platform Security Market by Country, 2020-2027
Table 3 Europe Railway Platform Security Market: By Country, 2020-2027
Continued…
List of Figures
FIGURE 1 Global Railway Platform Security Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Railway Platform Security Market
Continued…
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