Press release
Railway Platform Security Market Size, Share, Trends, Growth And Global Forecast 2023-2032
Railway Platform Security Market Report
The Business Research Company's Railway Platform Security Global Market Report 2023 identifies an increasingly prone to security threats as the major driver for the railway platform security market's growth in the forecast period. A security threat refers to an attack with the intent to steal data, corrupt systems, or disrupt an organization's operations. Railway platform security is utilized in the security system at many railway stations to identify unattended luggage in train carriages as well as track down suspected terrorist activity. It involves measures to protect passengers, staff, and infrastructure from security threats. Hence, an increase in security threats will increase the demand for railway platform security.
The global railway platform security market size is expected to grow from $2.16 billion in 2022 to $2.30 billion in 2023 at a compound annual growth rate (CAGR) of 6.06%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global railway platform security market size is expected to reach $2.95 billion in 2027 at a CAGR of 6.43%.
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Major competitors in the railway platform security market are Honeywell International Inc., Indra Sistemas S.A, Huawei Technologies Co. Ltd., Robert Bosch GmbH, Atos SE, Mitsubishi Electric Corporation, Genetec Technology, L&T Technology Services Limited, Teledyne FLIR LLC, Wabtec Corporation, Teledyne Geospatial, Knorr-Bremse AG, Cervello Ltd., Adani Systems Inc. and Navtech Radar.
A key trend in the railway platform security market includes new technologies. Major companies operating in the railway platform security market are focusing on developing new technologies. For instance, in November 2021, ADLINK technology Inc., a Taiwan-based company that creates and produces goods for applications in test and measurement, automation, and embedded computing, introduced its AVA-RAGX AI-enabled video analytics platform with a focus on the development of next-generation rail solutions, such as passenger security, danger monitoring, and railroad incursion detection. For onboard and wayside railway applications, AVA-RAGX offers a small, tough AI-enabled system that operates effectively and reliably in challenging conditions. The development of open standards-based heterogeneous computing solutions for subsequent-generation AI and machine learning applications became available through ADLINK's access to advanced processing technology and technical support.
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The railway platform security market is segmented -
•By Component: Software, Services
•By Solution: Sensors, Video Surveillance Systems, Platform Edge Doors, Alert System
•By Sensor: Radar, Microwave, Infrared
•By Services: Professional Services, Managed Services
•By Application: Subways, Trains
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the railway platform security market.
The Business Research Company's "Global Railway Platform Security Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Railway Platform Security Market Include:
1. Railway Platform Security Market Executive Summary
2. Railway Platform Security Market Characteristics
3. Railway Platform Security Market Trends And Strategies
4. Railway Platform Security Market - Macro Economic Scenario
5. Railway Platform Security Market Size And Growth
……
26. Africa Railway Platform Security Market
27. Railway Platform Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Railway Platform Security Market
29. Railway Platform Security Market Future Outlook and Potential Analysis
30. Appendix
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