Security Technology for Transportation Market to Grow 20.4% to 2015

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According the report “Security Technologies for Transportation Markets”  the world security technologies (for transportation) market hit $2.3 billion in 2010 and is going to reach $5.9 billion by 2015 growing at a compound annual growth rate of 20.4%.

The largest revenue contributor is camera/video surveillance technology, which stood at $1.9 billion in 2010 and is forecast to reach about $1.9 billion by 2015 at a compound annual growth rate of 11.6%.

The revenues from biometrics technology stood at $0.7 billion in 2010. However, the CAGR of biometrics is likely to lead the market with 33.2% for the period 2010 to 2015 and revenues from biometrics technology are expected to reach nearly $3 billion by 2015.

Read more about the report “Security Technologies for Transportation Markets” 

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