Transportation Security Market Due to Nearly Double by 2018
Public safety, massive infrastructure development, higher Return on Investment from enhanced security and business continuity are driving the growth of the transportation safety and security market, as a MarketsandMarkets report (Transportation Safety and Transportation Security Market Modes, Worldwide Market Forecasts) predicts market growth to $62.96 billion in 2018. The sector currently weighs in at $37.80 billion worldwide.
According to the report, North America is expected to be the biggest contributor in revenue, followed by Asia Pacific, Middle East and Africa, and Latin America.
Some solutions gaining particular attention and investment include integration software, security/software as a service (SaaS), integration of command and control system with communication systems, and advanced imaging technology.
You can read more in the full report here.