Iot Is The Fastest Growing Segment Fueling The Growth Of The Global Maritime Security Market
The global Maritime Security Market is estimated to be valued at US$ 24961.1 Mn in 2023 and is expected to exhibit a CAGR of 10.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Maritime Security Market offers integrated solutions and security services for monitoring vessel traffic, protecting ports and infrastructure, screening passengers and crews, and responding to emergencies or sabotage attempts. With increasing risks of terrorism, piracy and vessel tracking becoming important for safety, effective maritime security systems have become vital. Market key trends: One of the major trends in the Maritime Security Market is the growing adoption of Internet of Things (IoT) technologies. IoT enables monitoring of vessels, cargoes and sea areas through integration of sensors, communication networks and data analytics tools. Devices such as radar sensors, GPS systems, weather sensors and CCTV...