Barcodes are machine-readable data codes which are used to store information about the carried product and that information is retrieved by specially-designed scanners. Barcodes can be created using different techniques and are categorized as a linear and 2D matrix. Growing need for accuracy in big data capture and storage is the key driver of barcode equipment market to eliminate the risk of human error. Expanding organized retail industry, increasing adoption of 2D barcodes, growing demand for Read more...
Electronic Access Control System (EACS) market is projected to grow at a CAGR of 9.15% over the forecast period to reach US$35.806 billion in 2025 from US$21.175 billion in 2019. Electronic Access Control System (EACS) is a method of utilizing electromechanical hardware in order to permit restricted access to private premises. An EAC system provides benefits like convenience, high accuracy, and efficiency of time. AN Electronic access control system consists of authentication systems, intruder Read more...
BFSI Security Market is estimated to grow at a CAGR of 8.92% to reach US$33.075 billion by 2022, increasing from US$21.572 billion in 2017. The advent of the internet has facilitated in moving the banking process online so as to provide efficient and convenient services to customers. This has also led to increase in cyber security threats and frauds leading to BFSI enterprises opting for precautionary measures to keep the customers’ data safe. Apart from online threats, physical securit Read more...
Multi-Factor Authentication (MFA) Market is expected to grow at a compound annual growth rate of 19.86% over the period to reach a total market size of US$10.953 billion by 2021, from US$3.694 billion in 2015. Multi-factor authentication helps in meeting the security requirements for the protection of sensitive and confidential information from unauthorized access. Government regulations to increase the security of the users serve as a key factor for the growth of the market. With the increase i Read more...
The Collision avoidance system market is projected to grow at a CAGR of 11.87% to reach US$24.635 billion by 2025, from US$12.568 billion in 2019. Rising number of road accidents worldwide is the major driver of collision avoidance system market. Growing focus on workers’ safety in industries such as material handling is further boosting the demand for collision avoidance systems. The potential for the expansion of these systems on account of growing emphasis on car safety, such as Read more...
The video surveillance market is anticipated to grow at a CAGR of 15.88% during the forecast period to reach a market size of US$82.137 billion by 2025, increasing from US$33.928 billion in 2019. The video surveillance market is an extremely competitive market with large number of suppliers catering to the demand of video surveillance solution globally. It is used for monitoring the activity of individuals over an area. The conventional method of surveillance involves using the manual lab Read more...
The global security screening market is expected to grow from US$7,577.902 million in 2019 to US$12,503.408 million by 2025, at a CAGR of 8.70% over the forecast period.Security screening involves scanning of individuals and their belongings to avoid unethical and unlawful practices that result in the economic, financial, and human loss. The major factor that is driving the demand for security screening systems is the growing need for security measures at various public places such as restaura Read more...
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