Container Shipping Market to Boost Security and Tracking Revenues
Container security and tracking revenues will grow at a compound annual growth rate (CAGR) of 27 percent from $212 M in 2011 to $690 M in 2016, according to ABI Research.
"With a lot of regulations and legislation being introduced in the aftermath of 9/11, expectations that this industry would finally take off were high, prompting many vendors to enter this market with advanced solutions," said Dominique Bonte, ABI's Telematics and Navigation Group Director. "While RFID-based point solutions at port yards are becoming more established – at least in North America and Western Europe – uptake of more advanced GPS-based solutions has been disappointing, despite several solutions having been made available by vendors such as SkyBitz, DB Schenker, Starcom, and Pointer Telocation – mainly for the intermodal market."
ABI's "Cargo Container Security and Tracking" study covers maritime and intermodal asset management solutions that are enabled with a family of integrated wireless technologies to provide real-time, global tracking, security and communications features. It includes detailed descriptions of segments and verticals, applications and functionality, market drivers and barriers, regulation, and legislation, as well as shipment and revenue forecasts.