Border security
According to the World Economic Forum 2012, the global proceeds from
cross-border criminal activities, corruption and tax evasion was estimated at
over $1 trillion. Trade of illegal drugs and counterfeit goods each account for
8 percent of the overall world trade.
But while border security remains a fragmented market that has relied on
human-intensive techniques such as lookout posts, guards or paramilitaries,
Frost & Sullivan has said this will change over the forecast period with
technology adoption and better ISR solutions being procured in the market.
New analysis and assessment from Frost & Sullivan said the global
border control and biometrics market earned revenues of $16.3 billion in 2012,
but has estimated that the market will grow to $32.5 billion by 2021. The
research covers security, military, government and law enforcement
applications.
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