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Growing Transnational Threats to Drive Demand for Advanced Border and Maritime Security Solutions Finds Frost & Sullivan - Investments in advanced technologies and end-to-end solutions will promote better situational awareness at borders and coastal areas - Defence.Frost.com
Growing Transnational Threats to Drive Demand for Advanced Border and Maritime Security Solutions Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2012/09/25 - Investments in advanced technologies and end-to-end solutions will promote better situational awareness at borders and coastal areas - Defence.Frost.com.

   
 
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Land and maritime borders continue to face a range of threats like criminal, terrorist and piracy activity, therefore increased protection for these areas is a priority for governments around the world. Investment in technologies that will allow authorities to more effectively counter and react to threats will drive opportunity in the market.

New analysis from Frost & Sullivan (defence.frost.com), Global Border and Maritime Security Market Assessment, finds that expenditure will be around $29.35 billion in 2012 and estimates this to increase to $52.67 billion by 2021.

"Coastal and border areas are the first line of defence for government authorities to protect citizens and critical national infrastructure from threats," explains Frost & Sullivan Research Analyst Anthony Leather. "Having greater situational awareness along these areas allows more effective response to unusual or suspicious activity. This requirement will drive investment in new intelligence, surveillance, and reconnaissance (ISR) technologies."

Despite the global economic downturn, investment in border and maritime infrastructure will continue to grow. More technologically advanced security equipment available in the market will be procured to bolster situational awareness at borders and coasts. This will be especially true in Asia Pacific (APAC) and the Middle East.

At present, however, much of the existing infrastructure is fragmented, with only a few countries having an end- to-end system approach. Many countries have adopted only certain elements of border and maritime security systems.

This leaves blind spots in their situational awareness along coasts and border which can be exploited. Retrofitting newer equipment with older systems becomes more of a challenge.

"The fragmented approach to procurement has left countries with gaps in their border and maritime defence," cautions Leather. "Many now have to acquire the latest technologies and face high costs to integrate it with existing equipment."

Adoption of an end-to-end solution will be required to provide the greatest situational awareness for border and maritime security agencies. Although this is a large initial investment for many countries, it provides a higher level of security and, in the long run, a better return on investment.

"The border and maritime security domain remains vital for the security of the state and, as such, expenditure in this domain will be protected," notes Leather. "Companies who can provide end-to-end solutions will be best placed to win large contracts expected through the forecast period."

Frost & Sullivan Global Border and Maritime Security Market Assessment talks about the market developments, main competitors, current and evolving technology trends, as well as major border and maritime security programmes in selected countries. If you would like to learn more about Global Border and Maritime Security Market please contact Joanna Lewandowska, Corporate Communications, at Joanna.lewandowska[.]frost.com

Please include your full contact details in the query.

Global Border and Maritime Security Market Assessment (M83A-23) is part of the Security Growth Partnership Service programme, which also includes research in the following markets: Border Control Market, Biometrics Market, Safe Cities Market, Airport Security Market and PSIM Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Growing Transnational Threats to Drive Demand for Advanced Border and Maritime Security Solutions Finds Frost & Sullivan

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Publisher Contact: Joanna Lewandowska 
+48 22 481 62 20 Joanna.lewandowska[.]frost.com
 
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