Rise in demand to minimize the risk of accidents propels global Passenger Security Equipment Market growth. Furthermore, improving passenger satisfaction and safety is also expected to aid in growth of the passenger security equipment industry. However, complex installation and infrastructural requirements hamper the market growth. Conversely, advancements in the field of IoT and cloud technology …
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Passenger Security Equipment Market Scenario Highlighting Major Drivers & Growth Forecast by 2030
The key factors that drive growth of the passenger security equipment market include growing number of passengers in public transport networks. In addition, demand for more efficient crowd control and screening technologies are positively impacting growth of the Passenger Security Equipment Market. However, high implementation cost of passenger security equipment solutions hampers the market growth. …
Passenger Security Equipment Market is Expected to Reach $79,042 Million by 2023
According to a new report published by Allied Market Research, titled, Passenger Security Equipment Industry by Transport Infrastructure, and Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the Passenger Security Equipment Industry accounted for $43,398 million in 2016, and is expected to reach $79,042 million by 2023, growing at a CAGR of 8.9% from 2017 to 2023. …
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