Military drone market will surge to $17 billion by 2027
The military drone market is projected to grow from $12 billion in 2022 to $17 billion by 2027, representing a CAGR of 7.3% over the duration of the forecast period. Research analysts MarketsandMarkets attribute the growth to surging investment in development and procurement of modern military solution to enhance defence forces capabilities. Moreover, the increasing […]
Physical security market worth $140 billion by 2026
The global physical security market is expected to grow from $102.7 billion in 2021 to $140 billion by 2026, driven by the impact of COVID-19 and equivalent to 6.4% growth during the forecast period. That’s the conclusion of a new report from MarketsandMarkets, which says modern business environments require proficient handling of their business processes […]
Physical security market worth $120.3 billion by 2025
The physical security market is expected to grow from $93.5 billion in 2020 to $120.3 billion by 2025, equivalent to a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. New analysis by MarketsandMarkets pinpoints the major drivers as the rising incidents of terror attacks, technological advancements and deployment of wireless technology in […]
Voice biometrics demand to hit $2.8bn by 2024
The global Voice Biometrics Market size is expected to grow from $984 million in 2019 to $2,845 million by 2024, equivalent to a Compound Annual Growth Rate (CAGR) of 23.7% That’s according to a new report from MarketsandMarkets, which says the key factors driving demand include an increasing need for robust fraud detection and prevention […]
Physical security market worth $119.4 billion by 2023
The Physical Security market is expected to grow from $84.1 billion in 2018 to $119.4 billion by 2023, equivalent to a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. The findings, published by MarketsandMarkets in its Physical Security Market report, found that the rising incidents of terror attacks, technological advancements and deployment […]
