Frost & Sullivan is projecting that the border security market will nearly double in the next ten years, jumping from $19.22 billion in 2018 to $35.23 billion by 2028. The forecasted growth will occur as countries try to reduce illegal trafficking while making it easier for legitimate travelers to pass through border checkpoints, and is detailed in Frost & Sullivan’s Global Border and Maritime Security Market Analysis.
“The adoption and integration of artificial intelligence and real-time big data analytics will enable faster and more accurate threat detection, tracking, and decision making,” said Frost & Sullivan Senior Research Analyst Aravind Srimoolanathan. “Robust network infrastructure and cybersecurity capabilities will be required with increasing collaboration and cross-border data sharing.”
According to the Frost & Sullivan report, multimodal biometric technology will play a prominent role in the expanding market, and will include everything from ePassports to eGates at airports and land borders. ePassports are now available in countries from Tanzania to Bangladesh, while biometric eGates have been introduced in Amsterdam, Newcastle, and manyother airports around the world.
Frost & Sullivan also stressed the need for stronger port and coastal security, and warned that data privacy will become even more important as international connectivity increases.
March 27, 2019 – by Eric Weiss