The security screening industry is through a transition. The advances in technology have brought new ways to improve security screening efficiency. Here are five major trends that will contribute to growth in the market. According to a research report “Security Screening Market by Technology (X-Ray, Metal Detection, Biometric, Spectrometry, Spectroscopy), End Use, Application (People Screening, Baggage & Cargo Screening, Vehicle Inspection), Region – Global Forecast to 2026″, published by MarketsandMarkets, the security screening market is estimated to be worth USD 7.5 billion in 2021 and projected to reach USD 10.1 billion by 2026.
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What are the 5 Major Trends in the Security Screening Market?
Security screening is an essential process that organizations use to protect their assets and employees from potential threats. Security screening can take many different forms, including manual inspections, automated scans, and biometric identification.The security screening market is growing rapidly, and there are several major trends that are influencing the market. Here are five of the most important trends:
1. The growth of CyberthreatsOrganizations are increasingly worried about cyberthreats, and this is driving the growth of the security screening market. Cyberattacks are a constant threat, and security screening is one way to mitigate these risks.
2. The increasing need for Safety and SecurityMany people now see safety and security as top priorities, which is driving the growth of the security screening market. People want to ensure that their families are safe and their businesses are secure.
3. The rising cost of Security ScreeningsThe cost of security screenings is rising rapidly, which is contributing to the growth of the market. Organizations need to invest in security screenings to protect their assets and employees from potential threats.
4. The increasing demand for Automated ScreeningsAs automation becomes more widespread, there is increased demand for automated screenings.
Global Security Screening Market Forecast to 2026
The security screening market is expected to grow at a CAGR of 6.3% from 2021 to 2026, according to a new report by MarketsandMarkets. This growth is due to the increasing demand for efficient and effective security screening measures across various industries, including the banking, retail, transportation, and healthcare sectors.The global security screening market is expected to reach US$ 10.1 billion by 2026.
The growth of the market is mainly driven by the increase in the number of terrorist attacks and the need for effective security measures across various industries. The transport sector is expected to account for the largest share of the market in 2026.
To meet the rising demand for security screenings, various companies are developing innovative technologies and products. These technologies include advanced imaging technology, biometric scanning systems, and thin-film magnetic resonance imaging (TEMRI) scanners. Some of the key players in the global security screening market include Smith Detection (UK), OSI Systems (US), Leidos (US), Thales (France), and NEC (Japan).
Key Takeaways
Security screening is one of the most important functions of a security system. It helps to protect customers and employees from threats and dangerous people. In this article, we will discuss some of the major trends in the security screening market forecast to 2026. Governments are increasingly looking to use security screening services to protect their citizens from dangerous people and terrorist attacks.
The demand for high-quality security screenings is also increasing due to the increasing demands from corporates and institutions. These companies want to ensure that their employees are safe and compliant with regulations. There are a number of players in the security screening market, each with its own strengths and weaknesses. In order to survive in this competitive environment, players must focus on developing innovative technologies and strategies that can differentiate them from their rivals.
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