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Increased and Evolving Threats Heighten the Demand for Port Security Solutions and Enhanced Safety Technology
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"Ports remain a major safety concern as a critical component of global supply chains and commerce. Any disruption at ports would affect the interconnected transportation, energy production, and manufacturing industries and have far-reaching economic consequences across a country or even a larger region," said Industry Analyst, Aerospace, Defense & Security Practice, Frost & Sullivan. "As ports recover from the impact of the pandemic, vessel traffic is anticipated to recover within two to three years to cater to the global demand, thus encouraging ports to invest more in solutions for infrastructure safety and to handle congestion. Demand for additional software for screening equipment and its integration into the overall port security will intensify."
Srimoolanathan added: " for tracking and coordination of vessels and cargo has the dual goals of lowering operational expenditure and improving efficiency, thereby unlocking opportunities for safety upgrades. Hence, security providers must consider the best ways to , and by deploying data analytics and artificial intelligence (AI) as they enhance existing security systems' accuracy in identifying and thwarting threats."
Companies need to pursue groundbreaking ideas and develop novel cyber-resilient technologies to proactively counter the ever-evolving cyber threats. To achieve this, market participants should focus on:
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