Frost & Sullivan says tech set to be big part of $35bn global border and maritime security market

Rising global tensions will lead to a need for cross-border data sharing and integrated security systems is driving the need for technological solutions including biometrics and other Digital Identity solutions, reports the analyst group

Posted 27 March 2019 by

Global instability due to terrorism and other civil disruptions is leading to increased pressures among border and maritime security agencies to keep their borders safe from human, drugs, and weapons trafficking while streamlining operations to process genuine travellers.

Key trends creating growth opportunities in the market include:

  • Airports will start implementing advanced technologies such as video analytics, eGates, ePassports and electronic visas for streamlining passenger check-in procedures through digital identity of people. This will help increase footfall and reduce processing time with foolproof identification and tracking
  • Cybersecurity is now critical to port operations, ensuring that operational networks are not compromised becoming a top priority for policymakers
  • Interest in building an integrated, comprehensive automated border management system at land borders through the development and testing of advanced solutions such as laser fences and adoption of innovative screening and detection equipment
  • Digitisation of coastal security through connected assets for enhanced data-sharing capabilities to thwart intrusion scenarios.

The net result, say analysts Frost & Sullivan, will be growing interest in cross-border data sharing and integrated security systems that will drive more and more need for technological solutions – with the market as a result set to grow 200% from last year’s $19.22bn to $35.23 billion in 2028, at 6% compound annual growth rate.

In its study, Global Border and Maritime Security Market, the market watcher predicts that multimodal biometrics for seamless security processing of travellers, tracking and identification through video analytics, and the concept of smart border management, will gain prominence.

Security industry consolidation and increased vendor M&A interest in start-ups providing innovative solutions for the border security market are also highly likely.

“The adoption and integration of next-generation systems and technologies powered by Artificial Intelligence and real-time Big Data analytics will enable faster and more accurate threat detection, tracking, and decision making,” said the group’s Aravind Srimoolanathan, Senior Research Analyst, Security. “Robust network infrastructure and cybersecurity capabilities will be required with increasing inter-agency collaboration and cross-border data sharing.

“While border control groups may look to enhance connectivity in both domestic and international data-sharing capabilities, concerns over data privacy and risk may negatively impact the market,” noted Srimoolanathan. “Furthermore, less developed and small countries may not have the budget to procure and operate advanced border and maritime systems and equipment to address their border security requirements and will seek flexible business models instead.”

Frost & Sullivan helps investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.