Market Size – USD 6.71 Billion in 2019, Market Growth – CAGR of 6.6%, Market Trends –Technological advancements.
The global security inspection market is expected to reach a market size of USD 11.23 Billion by 2027 and register a high revenue growth rate during the forecast period, according to the latest report by Reports and Data.
Security inspection market growth is supported by initiatives taken by major players in the market to develop new technologies that support operational availability. The security inspection market is also witnessing increasing growth due to high and rising demand for real-time detection of threats and to ensure a safer environment in crowded places.
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Security systems helps to ensure safety at borders, airports, railways, tourist places, and others, which are extremely vulnerable to terrorist and illegal activities. Adoption of advanced security inspection system in court houses, prisons, and museums is also driving market growth.
The COVID-19 impact:
The COVID-19 pandemic has impacted growth of the global security inspection market adversely. However, as the economy is picking up pace, need for social distancing has been fueling demand for automated security system to limit physical interaction among human beings due to implementation of stringent social distancing norms and practices.
Further key findings in the report
Security Inspection Market Size, Share & Analysis, By Product (Checkpoint Screening Systems, Personnel Screening Systems), By Type (Portable, Fixed), By Services (Maintenance And Repair Services, Security Consulting Services), By Application, And By Region, Forecast To 2027; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/security-inspection-market
For the purpose of this report, Reports and Data has segmented the global security inspection market on the basis of product, type, services, application, and region:
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