Maritime Security Outlook - Market size, segmentation, market share and competitive landscape (2016-2021)
The Global Maritime security market is valued at USD 14.96 billion in 2015 and is estimated to grow at a CAGR of 6.72% and reach USD 20.71 by 2020. Non-traditional seaborne threats have grown exponentially such as maritime terrorism, gun-running, drug trafficking and piracy are the major threats that world is facing from offshore. There is a shift away from conventional force-structured defense and offence forces to asymmetric forces. Global maritime security is a new byword of securing the sea lines of communications in international relations.
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