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Seaport Security Market Assessment-EU Accession StatesPublished by: Frost & Sullivan Published: Apr. 1, 2009 - 37 Pages Table of Contents
AbstractThis Frost & Sullivan research service titled Seaport Security Market Assessment - EU Accession States provides a quantitative overview of security spending in eastern Europe within seaport security markets. It identifies the key market drivers, restraints and industry challenges and analyses their impact while providing strategic recommendations for companies wanting to enter the seaport security market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following applications: perimeter security, access control and surveillance systems in the seaport security industry.Market Overview Security System Enhancements by Seaport Authorities Heightens Demand in EU-accession States The accession of new states to the European Union (EU) in 2004 has resulted in a 12 per cent steady growth in the seaport security market. "The EU-accession states are located in the most transited maritime areas such as the Mediterranean Sea, the Black Sea and the Baltic Sea," notes the analyst of this research. "Their seaports have registered an increase in cargo throughput in the last five years and security measures are continuously implemented in compliance with EU and international seaport regulations." Increased spending by the seaport authorities and operators on improving and upgrading security systems used in installations has given the region’s seaport security market a significant boost and it is anticipated to grow at a rate of 4.8 per cent from 2008 to 2016. Cargo throughput is likely to double by 2016, driven mainly by the expansion of seaport facilities and upgrade of the infrastructure. The necessity to implement new security measures for the seaports such as intrusion detection, access control and video surveillance will boost the demand for innovative solutions and leading-edge technology to prevent any criminal attack at the seaports and to help cope with security related regulations. Investments in seaport security in EU-accession state countries such as Poland, Romania and Malta have made this market a good prospect for new technologies. Two such technologies are video surveillance and screening detection systems that accounted for 39 per cent and 29 per cent, respectively of the total market in 2008. However, the economic downturn has had an impact on international seaport traffic, with technology spending being affected by the lower cargo throughput. "Security companies should add capability to their existing product lines and ally with local companies," says the analyst. "Analysing the distribution chain and partnering with regional participants and system integrators in the region is essential to successfully enter a new market." While most seaports have basic security systems in place, operators upgrading their technology through established companies would prefer integrated solutions from a single source. "Partnerships and alliances are vital to successfully enter this highly fragmented market," concludes the analyst. "Tier 1 companies are already consolidated in the market but tier 2 and tier 3 participants can gain a better understanding of the market’s dynamics by outsourcing products to companies that are already operational and successful." Get Full Details About This Report >> |
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