Boston, MA -- (SBWIRE) -- 07/23/2014 -- Transportation security refers to the physical and cyber securities implemented in mass transit locations such as railway stations, bus stations, airports, marine ports, and logistics. The need for security in these premises is very important because of the increasing unauthorized border crossing, and the transportation of arms and ammunitions between countries and continents. Surveillance, chemical, biological, radiological and nuclear detection, access control, perimeter intrusion detection and biometric technologies are some of the major types of security solutions provided in the Transportation industry. Currently, the need for transportation security is on the rise, mainly because of the increase in terrorist attacks and criminal activities.

TechNavio's analysts forecast the Global IT Security Solutions market in the Transportation industry will grow at a CAGR of 18.9 percent during the period 2013-2018.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global IT Security Solutions market in the Transportation industry for the period 2014-2018. To calculate the market size, the report considers revenue generated from the sales of products such as access control, video surveillance, biometrics, CBRN detection, and intrusion detection used in transportation security systems. It also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global IT Security Solutions market in the Transportation industry. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Regions

- Americas
- EMEA
- APAC

Key Vendors

- Bosch Security Systems Inc.
- Honeywell International Inc.
- SAAB AB
- Safran SA
- Tyco International Ltd

Other Prominent Vendors

- Axis Communications AB
- Cisco Systems Inc.
- Electronic Security Products Inc.
- Flir Systems Inc.
- Huawei Technologies Co. Ltd
- James Fisher and Sons plc
- Johnson Controls Inc.
- L-3 Communications Corp.
- Motorola Solutions Inc.
- NICE systems Ltd
- Panasonic Corp.
- Rapiscan Systems Ltd
- Raytheon Co.
- Samsung Electronics Co. Ltd
- Siemens AG
- Stanley Black & Decker Inc.
- Unisys Corp.
- United Technologies Corp.

Key Market Driver

- Increasing Security Concerns.
- For a full, detailed list, view our report.

Key Market Challenge

- High Implementation Costs.
- For a full, detailed list, view our report.

Key Market Trend

- Rapid Advances in Technology.
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Bosch Security Systems Inc., Honeywell International Inc., SAAB AB, Safran SA, Tyco International Ltd, Axis Communications AB, Cisco Systems Inc., Electronic Security Products Inc.,Flir Systems Inc., Huawei Technologies Co. Ltd, James Fisher and Sons plc, Johnson Controls Inc., L-3 Communications Corp., Motorola Solutions Inc., NICE systems Ltd, PanasonicCorp., Rapiscan Systems Ltd, Raytheon Co., Samsung Electronics Co. Ltd, Siemens AG, Stanley Black & Decker Inc., Unisys Corp., United Technologies Corp.

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