“Global Passport Reader Industry” report provides detailed study to understand current market scenario and future aspects. The report helps to comprehend Emerging Trends and Growth Opportunities along with important developments in the Passport Reader market.
The international tourism industry is growing at an exponential rate. According to the World Tourism Organization (UNTWO), there were ~1.4 billion international tourist arrivals across the world, signifying an increase of 6% from 2017. Also, it was worth ~US$ 1.7 trillion, i.e., ~2% of the total world GDP. With the rising number of international tourists, airports worldwide are deploying an additional level of security and expanding the number of gates to handle air passenger traffic.
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The features of these gates included passport readers. Also, in 2018, the Cairo International Airport deployed Gemalto’s high-speed passport readers for reducing queues and reinforcing security checks. Such rise in the count of international tourists worldwide is expected to boost the demand for passport readers.
The reports cover key developments in the Passport Reader market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Passport Reader market are anticipated to lucrative growth opportunities in the future with the rising demand for Passport Reader market in the global market.
Key Players Influencing the Market: Access Ltd, ARH Inc., Beijing Wintone Science & Technology Co., Ltd., DESKO GmbH, Thales Group, IER SAS, Regula Forensics Inc., Shenzhen Rakinda Technology Co., Ltd., Lintech Enterprises Limited, and Veridos GmbH.
The country has significantly high number of airports, which regularly cater to noteworthy number of international passengers (both arrival and departure). This factor has led the airport authorities and security authorities to implement and deploy advanced passport reading technologies, to safeguard the country from illegal immigrants. Further, the rising deployments of passport readers among hotels, banks, and travel agencies are boosting the growth of passport reader market.
Besides this, the report analyses factors affecting Passport Reader market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Passport Reader Market report.
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Answers that the report acknowledges:
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