MarkNtel Advisors analyses the growth rate of the Automated Border Control market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Automated Border Control market, helping them make informed decisions.
Market Outlook – 2024-2030:
The Global Automated Border Control Market size is estimated to grow at a CAGR of around 38.5% during the forecast period, i.e., 2024-30. The adoption of Automated Border Control has been experiencing substantial growth recently, largely owing to its remarkable capacity to establish multiple virtual networks within a single physical 5G network infrastructure. This technology brings a plethora of advantages, notably enhancing network flexibility, optimizing resource utilization, improving overall network efficiency, and providing users with enhanced experiences. It empowers mobile network operators to address a broad spectrum of industries and use cases, each with unique performance requirements, thereby enabling them to differentiate their services and tap into additional revenue streams.
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Key Company Profiles
This report explores recent significant developments in the Automated Border Control Market, focusing on the leading companies and their innovative profiles. The major players in the Automated Border Control Market, featured in this report, include:
- Securiport LLC
- Veridos GmbH
- Cognitec Systems GmbH
- HID Global Corporation
- Gunnebo Entrance Control Ltd.
- Thales Group
- Accenture PLC
- Atos SE
- Magnetic Autocontrol GmbH
- IDEMIA
- Collins Aerospace
- Indra Sistemas S.A.
- Secunet Security Networks AG
- Vision Box
- NEC Corporation
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Automated Border Control Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Offering
- Hardware- Market Size & Forecast 2019-2030, USD Million
- Document Authentication System (DAS)- Market Size & Forecast 2019-2030, USD Million
- Biometric Verification System (BVS)- Market Size & Forecast 2019-2030, USD Million
- Face Recognition- Market Size & Forecast 2019-2030, USD Million
- Fingerprint Recognition- Market Size & Forecast 2019-2030, USD Million
- IRIS Recognition- Market Size & Forecast 2019-2030, USD Million
- Palm & Vein Recognition- Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
- Services- Market Size & Forecast 2019-2030, USD Million
- Installation- Market Size & Forecast 2019-2030, USD Million
- Maintenance- Market Size & Forecast 2019-2030, USD Million
- Consultancy- Market Size & Forecast 2019-2030, USD Million
- Hardware- Market Size & Forecast 2019-2030, USD Million
Hardware holds the largest share of the Automated Border Control Market, primarily due to the growing demand for biometric verification technology in border control processes.
- By Solution Type
- Automated Border Control (ABC) Kiosk- Market Size & Forecast 2019-2030, USD Million
- Automated Border Control (ABC) e-Gate- Market Size & Forecast 2019-2030, USD Million
- By Application
- Airport- Market Size & Forecast 2019-2030, USD Million
- Land Borders- Market Size & Forecast 2019-2030, USD Million
- Sea Port- Market Size & Forecast 2019-2030, USD Million
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What are the primary factors driving the growth of the Global Automated Border Control Market?
Geopolitical Concerns & Safety Imperatives to Drive Adoption of Automated Border Control Systems – Automated border control systems have increasingly become a preference over traditional manual verification methods, especially at key points like airports, seaports, and land borders. This preference is primarily driven by the precision & efficiency that automated systems offer in the verification process, effectively countering illegal migration & related activities. Even developed nations like the US and the UK have grappled with significant challenges related to illegal migration, particularly at airports & seaports.
Furthermore, recent geopolitical events, such as the Russia-Ukraine conflict, have amplified concerns about the potential rise in unlawful activities. This concern is compounded by the higher volume of passengers moving through neighboring countries. Consequently, the adoption of automated border control systems has become crucial to ensuring both the safety & efficient management of borders, as well as airports & seaports. This underscores the growing recognition of these technologies as essential tools and is driving the continued expansion of the Automated Border Control Market.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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