Deerfield Beach, FL -- (SBWire) -- 07/23/2015 --Global Container Security and Tracking Market 2015-2019
Container security and tracking refers to software and hardware solutions that offer end-to-end visibility and monitoring of shipping containers to track the precise location and status against terrorist attacks and cargo theft. A rise in terrorist attacks, arms smuggling, and drug trafficking through seaborne trade globally has increased the demand for container security and tracking systems, including explosive detection systems. Container security and tracking products are capable of providing real-time status, position, and monitoring of intermodal shipping container condition and location. End-users are increasingly adopting container security and tracking solutions because they help them reduce operational cost by increasing asset visibility and provide cost-effective real-time information of assets in the event of theft or loss of container.
Global Container Security and Tracking market to grow at a CAGR of 21.02 percent over the period 2014-2019.
About the Report
The recent increases in the number of thefts, robberies and terrorist attacks have led to high adoption of container tracking and security solutions. The security features include installation of closed circuit cameras at entry and exit points, RFID scanners for pallets and electronic access to cargo.
According to the latest report, high operational costs and low profitability have forced shipping companies to pool their resources and share container and vessel space to minimize costs. A vessel-sharing agreement allows two or more shipping companies to jointly deploy a vessel on stipulated international sea trade routes.
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Covered in this Report
The report covers present scenario and the growth prospects of the Global Container Security and Tracking market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of shipping container security and tracking products.
The report, Global Container Security and Tracking Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Container Security and Tracking market landscape, market insights, and market description and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market
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"In October 2014, the market witnessed an alliance known as 2M between two of the leading shipping companies, Maersk and Mediterranean Shipping, to enter a 10-year vessel-sharing agreement on the Asia-Europe reefer trade route, in order to help cut costs for both companies,".
Market Scope and Calculation of Market Size:
The report covers the present scenario and growth prospects for the global container security and tracking market from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of shipping container tracking and security products like hardware and software.
Key Vendors:
Cubic Corp.
IBM Corp.
Intelleflex Corp.
Motorola Solutions Inc.
Container Security and Tracking Market 2015 Reviews, Research, Trends and Forecast to 2019
Global Container Security and Tracking market to grow at a CAGR of 21.02 percent over the period 2014-2019.