The Railway Platform Security Market is anticipated to grow at a 5.5% CAGR from 2019 to 2027
The global railway platform security market is anticipated to reach USD 2.67 billion in 2027 and post a CAGR of 5.5% from 2019 to 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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