Report: Mass transit systems to create demand for physical security solutions

Analyst says federal funding imbalance has created a challenge for the mass transit security industry


According to a new report released this week by market research firm Frost & Sullivan, emerging threats against mass transit systems in North America will provide growth opportunities for physical security solutions in the coming years.

The report, "North American Physical Security Solutions for Mass Transit Market," says that the market earned revenues of $.49 billion in 2009 and is estimated to reach $1.57 billion in 2016.

"Since 9/11, the DHS and TSA have spent approximately $20 billion on aviation security, compared to roughly $960 million on mass transit security," Frost & Sullivan Industry Analyst Dilip Sarangan said in a statement. "Aviation security is a definite priority given the events of 9/11, however, such an imbalance in federal funding poses a severe challenge for the mass transit security industry and its vendors."

For more information about the study, contact Johanna Haynes via e-mail at johanna.haynes@frost.com or visit www.frost.com.