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Automated border control market that will grow at a CAGR of 17.45% by 2023 published by leading research firm

Consumer Market Research

Automated Border Control Market By Solution Type (ABC E-Gate And ABC Kiosk), Component (Hardware, Software, And Services (Installation And Maintenance)), Application (Airport, Land Port, And Seaport), And Geography - Global Forecast To 2023

According to the new market research report, the ABC market is expected to be worth USD 1,577.7 million by 2023, growing at a CAGR of 17.45% between 2017 and 2023. The growth of this market can be attributed to rising security concerns, increasing need for automation, and enhanced traveler convenience in the border crossing process.

However, lack of standardization and large capital requirement for infrastructure projects are acting as restraints for the ABC market.

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This report covers the following ABC solution types: e-gates and kiosks.

E-gates held a larger share of the Automated Border Control market in 2016. This can be attributed to their ability to process maximum number of passengers and authenticate traveler identity across all port facilities.

This report has been segmented on the basis of application into airports, land ports, and seaports. Airports held the largest market share in 2016.

The increasing need to enhance traveler convenience while maintaining security is increasing the demand for ABC at airports.

This report covers the following regions: Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at a high CAGR between 2017 and 2023.

The major factors responsible for the growth of this market in APAC are increasing security concerns and increasing passenger travel owing to travel and tourism activities in the APAC region.

The companies profiled in the report are Gemalto (Netherlands), OT-Morpho (France), SITA (Switzerland), Indra Sistemas (Spain), secunet Security Networks (Germany), Vision-Box (Portugal), Gunnebo (Sweden), NEC Corporation (Japan), Accenture (Republic of Ireland), and Cross Match Technologies (US). This report also covers the following key innovators: Arjo Systems (France), IER SAS (France), Cognitec Systems (Germany), and Securiport (US).

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