Transportation and Security System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

According to a new market report published by Transparency Market Research “Transportation and Security System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the transportation and security system market was valued at USD 36.40 Billion in 2014, which is expected to reach USD 74.50 Billion by 2021, growing at a CAGR of 10.9% from 2015 to 2021. This is a market research report consists of detailed analysis of transportation and security system market from a global aspect and forecast the market in terms of revenue (USD billion) from 2015 to 2021. This report undergoes a comprehensive analysis of the transportation and security system market from all the various aspects of the market. Drivers and restrains impacting the market are included in the report. Market opportunities of transportation and security system are also included in the report. Transportation security system finds application in all the different modes of transportation which includes roadways, railways, seaways and airways. Transportation security is highly important is it forms the basics of different transportation modes and is essential for a safe and secured journey of passengers. The reasons for substantial growth in demand for transportation security are the exponential increase in terrorist activities coupled with increase in criminal activities such as smuggling of drugs and prohibited items through airways, and seaways in the countries of Asia Pacific. These factors are responsible for increase in demand in transportation and security system market. Moreover, the increasing awareness about vehicle safety is also driving the growth of transportation and security system market as people are getting more conscious about road safety. Moreover the Government norms and regulation on public transport safety is also driving the transportation and security system market globally.

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