Global E-Gates Market higher growth at a CAGR of close to 19% by 2022
14-dec-2018 Rapid surge in market is credited to increasing demand for automated verification and validation of customers or passengers. Increasing use of e-gates at airports during arrival and departure terminals is expected to foster the growth of market over the forecast period. Globally, market is predicted to generate massive revenue over next seven years, providing numerous opportunities for industry participants to invest in research and development of e-gates market.
E-gates offer advanced security, thus avoiding potential risks such as unauthorized break-ins. In addition, growing concerns regarding terrorist activities and increasing incidences of burglary are expected to drive market demand over the forecast period. Failure of manual checking to prevent authorized access due to human errors, has led to increasing adoption of e-gates in commercial as well as domestic sector. Increasing adoption of e-gates at railways & airports limits possibility of long waiting queues. These factors are significantly contributing to market growth in the past few years.
An e-gate system consists of facial recognition, fingerprint recognition and iris scanning to determine persons’ identity. E-gates is capable of easing the security process, thus reducing the processing time needed for determining passenger’s identity. Increasing demand for e-gate system from developing and developed economies is projected to stimulate industry expansion over the next seven years. Rising adoption of biometrics scanners and enhanced operational speed via automation are the key market trend associated with industry growth. Use of e-gates also minimizes human errors during manual data entry.
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E-gates market is broadly categorized into two major segments based on the product type such as fully automated and semi-automated e-gates. Fully automated segment is growing rapidly in market with substantial revenue generation in the last few years. Growing popularity of fully automated segment is attributed to the rising infrastructural speeding by local governments and higher market penetration.
E-gates market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies at airports and railway stations to improve overall security, surge in number of research & development activities in the region and existence of well-established industrial infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due the rising concerns regarding terrorist activities.
Asia-Pacific region is estimated to hold major share in the e-gates market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing infrastructural spending, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the e-gates market are NEC Corporation, Gemalto N.V., Safran S.A., Atos SE, e-Gate solutions Ltd., Vision-Box Corp., Automatic Systems, Inc., Ayonix Co., DERMALOG Identification Systems GmbH, IHS Markit Ltd., and SITA Inc.
This market research report presents a comprehensive analysis of the global e-gates market by component such as hardware, service, and software. The report also presents a detailed analysis of the market's growth prospects across regions such as the Americas, APAC, and EMEA.
Technavio's market research analysts predict that the market will grow at a CAGR of close to 19% by 2022.
Segmentation by component and analysis of the E-gates market
•Hardware
•Service
•Software
Some of the hardware used in E-gates include light-emitting diode (LED) screen for displaying the traveller information, scanners for iris and fingerprint, and cameras for facial recognition. The hardware segment is the major contributor toward the market's growth as it is the most important component used in E-gates. This will drive the growth prospects for the automated security E-gate market in the segment in the forthcoming years.
Segmentation by geography and analysis of the E-gates market
•Americas
•APAC
•EMEA
The automated security E-gate market is witnessing growth in EMEA due to the rising focus on avoiding the terrorist attacks. The rising investments on the installation of E-gates at the airports by the government will further boost the market's growth in the region until the end of 2022.
Key questions answered in the report include
• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global E-gates market?
• What are the key market trends impacting the growth of the global E-gates market?
• What are the challenges to market growth?
• Who are the key vendors in the global E-gates market?
• What are the market opportunities and threats faced by the vendors in the global E-gates market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global E-gates market?
Browse Full Research Report With TOC:https://www.radiantinsights.com/research/global-e-gates-market-2018-2022
E-gates offer advanced security, thus avoiding potential risks such as unauthorized break-ins. In addition, growing concerns regarding terrorist activities and increasing incidences of burglary are expected to drive market demand over the forecast period. Failure of manual checking to prevent authorized access due to human errors, has led to increasing adoption of e-gates in commercial as well as domestic sector. Increasing adoption of e-gates at railways & airports limits possibility of long waiting queues. These factors are significantly contributing to market growth in the past few years.
An e-gate system consists of facial recognition, fingerprint recognition and iris scanning to determine persons’ identity. E-gates is capable of easing the security process, thus reducing the processing time needed for determining passenger’s identity. Increasing demand for e-gate system from developing and developed economies is projected to stimulate industry expansion over the next seven years. Rising adoption of biometrics scanners and enhanced operational speed via automation are the key market trend associated with industry growth. Use of e-gates also minimizes human errors during manual data entry.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-e-gates-market-2018-2022/request-sample
E-gates market is broadly categorized into two major segments based on the product type such as fully automated and semi-automated e-gates. Fully automated segment is growing rapidly in market with substantial revenue generation in the last few years. Growing popularity of fully automated segment is attributed to the rising infrastructural speeding by local governments and higher market penetration.
E-gates market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies at airports and railway stations to improve overall security, surge in number of research & development activities in the region and existence of well-established industrial infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due the rising concerns regarding terrorist activities.
Asia-Pacific region is estimated to hold major share in the e-gates market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing infrastructural spending, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the e-gates market are NEC Corporation, Gemalto N.V., Safran S.A., Atos SE, e-Gate solutions Ltd., Vision-Box Corp., Automatic Systems, Inc., Ayonix Co., DERMALOG Identification Systems GmbH, IHS Markit Ltd., and SITA Inc.
This market research report presents a comprehensive analysis of the global e-gates market by component such as hardware, service, and software. The report also presents a detailed analysis of the market's growth prospects across regions such as the Americas, APAC, and EMEA.
Technavio's market research analysts predict that the market will grow at a CAGR of close to 19% by 2022.
Segmentation by component and analysis of the E-gates market
•Hardware
•Service
•Software
Some of the hardware used in E-gates include light-emitting diode (LED) screen for displaying the traveller information, scanners for iris and fingerprint, and cameras for facial recognition. The hardware segment is the major contributor toward the market's growth as it is the most important component used in E-gates. This will drive the growth prospects for the automated security E-gate market in the segment in the forthcoming years.
Segmentation by geography and analysis of the E-gates market
•Americas
•APAC
•EMEA
The automated security E-gate market is witnessing growth in EMEA due to the rising focus on avoiding the terrorist attacks. The rising investments on the installation of E-gates at the airports by the government will further boost the market's growth in the region until the end of 2022.
Key questions answered in the report include
• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global E-gates market?
• What are the key market trends impacting the growth of the global E-gates market?
• What are the challenges to market growth?
• Who are the key vendors in the global E-gates market?
• What are the market opportunities and threats faced by the vendors in the global E-gates market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global E-gates market?
Browse Full Research Report With TOC:https://www.radiantinsights.com/research/global-e-gates-market-2018-2022
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