Frost & Sullivan Forecasts $13.63 Billion Airport Security Market

Frost & Sullivan believes that the global airport security market will double in the next decade. The firm’s latest report specifically predicts that the market will jump from $5.19 billion in 2020 to $13.63 billion by 2030.

According to Frost & Sullivan, much of that anticipated growth can be attributed to COVID-19, insofar as the pandemic has created more demand for contactless screening solutions and accelerated digital transformation in multiple industries, including air travel. It also speaks to the need for cybersecurity solutions that can combat more sophisticated cyberthreats.

The report looks at eight different security categories, which cover both internal and public-facing operations. Those categories include cybersecurity, data analytics, command and control, and communication equipment, in addition to screening, surveillance, managed services, and identity management and access control. Frost & Sullivan noted that many surveillance systems will take advantage of facial recognition technology, while behavioral biometrics software will help watch for suspicious digital activity. Meanwhile, data analytics solutions will help improve passenger flow and shorten the lines at security checkpoints.

“To increase operational profits, airports are becoming experience centers, which will lead to more footfall within airport infrastructures and an increased deployment of security solutions, such as video surveillance,” said Frost & Sullivan Aerospace and Defense Industry Analyst Shaurya Singh.

Regionally speaking, Frost & Sullivan predicts that the Asia-Pacific market will triple its revenue and overtake North America as the largest segment of the market before the end of the forecast period. However, Africa and the Middle East will be the two fastest-growing regions.

The new report arrives shortly after a separate report that suggests that the demand for data-driven Total Airport Management solutions will soon reach $1.2 billion. Frost & Sullivan recently presented an Excellence Award to SITA to recognize the company for its efforts to modernize the air travel industry in the APAC region.

–

March 10, 2021 – by Eric Weiss

Related News

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Related News

Footer

Follow Us