Application Coronavirus News Software Technology Uncategorized

Automated Border Control (ABC) Market Trends, Size, Profit Growth, Emerging Technologies, Sales Revenue and Industry Segments by Forecast to 2023 | Corona-Virus Impact

Market Highlights

The self-service barriers located for enhancing passenger management and the demand to eradicate unwanted immigration is estimated to propel the market growth during the forecast period. Moreover, there has been a surge in demand for biometrics systems in international airports.  Seaports are propelling the demand for automated border control systems. Also, the increased usage of the Internet of Things (IoT) has further propelled the market. However, the inability of advanced technology to reach remote locations is the major cause restraining the growth of the global automated border control market. Furthermore, the outbreak of COVID-19 has resulted in the daily business operations to come at a standstill. Several markets have come to stagnancy due to general observation in several countries.

The report published by Market Research Future (MRFR) projects that the global automated border control market is marked to exhibit remarkable growth at a CAGR of 16% during the forecast period of 2017-2023.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4662

Regional Analysis

The geographical evaluation of North America, Europe, Asia Pacific, and the Rest of the World has been conducted. As per the analysis by MRFR, the European market dominates the global automated border control market during the forecast period. The region witnessed a surge in automated border control gates, which has propelled the market growth. Besides, the region consists of the globally renowned key players, which enhances regional growth. According to the research, the second position is attained by the North American region. The rising illegal immigration in the region has demanded security against such activities, which has resulted in a surged demand for border security. Besides, the increased adoption of technologically advanced solutions to enhance border security is another factor that drives the regional market. Furthermore, there has been an increasing emphasis on the automation of services in seaports and airports for the optimum functioning of security measures.

On the other hand, the APAC region consists of the fastest-growing economies of the world, i.e., India, Japan, and China, which contribute significantly to expanding the market. The rising awareness of technically advanced solutions for strengthening security at airports is the major factor driving the regional market. Besides, the increasing incorporation of biometric systems on seaports and airports is another reason driving the market in the region. Moreover, the rising government funding for the digital transformation of airports is fueling the market expansion in the APAC region.

However, the outbreak of pandemic coronavirus has affected several regional markets. The constant lockdown observed in several regions has changed the market dynamics.

Segmentation:

The global automated border control (ABC) market has been segmented on the basis of solution type, component, and application. Based on solution type, the global automated border control market has been segmented into ABC E-gate and ABC Kiosk. Based on component, the global automated border control market has been segmented into hardware, software, and service. Based on application, the global automated border control market has been segmented into airport, land port, and seaport.

Key Players

The forefront players of the global automated border control market are HID Global (U.S.), Atos Corporation (France), Cognitec Systems (Germany), Cominfosec (Czech Republic), Cross Match Technologies Inc. (U.S.), Gemalto (the Netherlands), Gunnebo Group Corporation (Sweden), Accenture PLC (Ireland), Magnetic Autocontrol GmbH (Germany), and Modi Modular Digits GmbH (Germany).

Also Read: http://www.marketwatch.com/story/automated-border-control-market-is-on-rise-due-to-increase-in-adoption-of-biometrics-2020-01-09 

Contact

Stock Market Funda Inc.
739 Bryant St, San Francisco,
CA 94107, USA