United States Railway Platform Security Market to Grow Substantially until 2025
Increasing suicide instances
and growing need to minimize the risk of unauthorized access to platforms to
drive the growth of United States railway platform security market
According to
TechSci Research report, “United States Railway Platform
Security Market By Component (Solutions
and Services), By Application (Subways and Trains), By Region, Forecast & Opportunities, 2025”, the United States railway platform security market is
expected to grow at a substantial rate during the forecast period on account of
increasing demand for additional support and advanced solutions for security
management. Additionally, rising cases of suicides coupled with growing need to
minimize the risk of unauthorized access to platforms are some of the major
factors responsible for driving the growth of market during forecast period. In
order to restrict unauthorized access several measures are implemented with
help of control systems in need to ensure high level of security of goods as
well as passengers at the platform as these systems automate entry and exit
operations, thereby securing the crucial areas. Some of these control measures
includes installation of CCTVs at high-risk locations, fencing for railway
tracks, intensification of supervision and the provision of information to risk
groups.
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The United States railway platform
security market is segmented based on component, application, company and
region. Based on component, the market can be categorized into solutions and
services. The service segment is further bifurcated into professional services
and managed services. Out of which, professional services segment is expected
to dominate the market in terms of largest market share during forecast period because
of the use of the comprehensive strategies, latest techniques and skills for
ensuring the implementation of the right kind of security solutions essential
for railway platforms. Furthermore, it aids the deployment of security
solutions by using industry-defined best practices, which is bolstering the
segment growth in the years to come. Also, the managed services segment is
forecast to grow at the highest CAGR during the forecast years. Managed service
vendors remotely manage clients’ IT infrastructure and systems for recovering business-critical
data. Moreover, these managed service providers (MSPs) provides best-in-class
services by delivering technologically advanced offerings to their commercial
clients. They are designed to provide the technical support, achieve cost
optimization and to the maximize overall performance.
Honeywell, FLIR Systems, Zhejiang
Dahua, STANLEY, Wabtec, Avnet, Anixter and others are some of the
leading players operating in United States railway platform security market. In
September 2019, Honeywell launched a new software that simplifies, strengthens,
and scales cybersecurity for asset-intensive businesses and critical
infrastructure facing cyber threats. This software improves cybersecurity
compliance by securely moving data from one site to another and uses operations
data to boost endpoint and network security.
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“United States railway
platform security market is expected to witness significant growth during the
forecast period owing to rapid
deployment of surveillance solutions and platform screen doors (PSDs) in the
country. Additionally, smart transportation, high-speed rail and ongoing
railway modernization projects are some other factors aiding the growth of
railway platforms security market in the country. Also, rising investments for
digital transformation coupled with increasing GDP results in an increase in
the demand for railway platform security in the country. The entrance of large
number of visitors lead to unmanageable crowds on railway platforms, and presence
of many unmanned entry and exit points at stations causes security threats therefore,
the market is anticipated to witness significant demand in the country.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Railway Platform Security
Market By Component (Solutions and Services), By Application
(Subways and Trains), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United
States railway platform security market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in United
States railway platform security market.
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