Digitization Spurs Port Security Spending
Frost & Sullivan have released a new report predicting terminal digitization and capacity enhancement will boost security spending for ports.
Frost & Sullivan’s report focuses on the land-side security of ports including surveillance, perimeter security, command and control, cybersecurity, screening and detection.
Digitization of port operations, both for efficiency and capacity expansion, and new infrastructure will be drivers of such security spending, the report found.
Developing innovative cyber-resilient technologies that monitor constantly evolving cyber threats was one of four “strategic imperatives” for industry.
Ports should also form more strategic partnerships with specialist cyber-security suppliers.
Another essential for ports should be positioning cybersecurity more centrally in offerings with an eye to the “increased threat”.
Ports must develop solutions that are easy to understand with actionable data, easily integrating with existing architecture.
Furthermore, the building of new ports and terminal upgrades to accomodate expanding vessel traffic will mean new security spending.
Frost & Sullivan Security Analyst Rakesh Vishwanath said: "Persisting threats concerning the illegal movement of individuals, weapons, drugs, and other illicit materials are driving ongoing efforts to enhance port security technology deployments.
"New technologies and solutions, including unmanned aerial vehicles, are gaining traction with ongoing pilots and use cases.
"The 'digital port' will be a critical issue by 2023. Demand for cyber solutions that better protect networks will grow.
"Software requirements for screening equipment and integration of this into the overall port security environment will increase across regions as well."