Passport Readers Market, Scope and overview Booming Worldwide Size, Share Opportunities, Business Trends, Global Segments by Forecast 2027

 



 

Market Scenario:

The global Passport Readers Market will develop an 8.67% CAGR in the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. A passport reader is a device that caters to the demands of passport reading, travel document reading, visa and ID card OCR reading. Owing to its alluring features and plentiful benefits, it has wide applications such as border control, airport security, and others. 

 

Various factors are fuelling the global passport reader market growth. As per the recent MRFR market estimates, such factors include the growing immigrants, growing need for authentication of passports, growing adoption of e-passports, increasing investments on the adoption of advanced technologies and security devices both in developed and developing countries, advances in technologies such as OCR, and increasing international air passenger traffic worldwide. 

 

On the contrary, decline in air passenger traffic, impact of COVID-19 pandemic, technical issues, and high cost of implementation may impede the global passport reader market growth over the forecast period. 

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5929

 

Competitive Outlook:

The notable players profiled in the global passport reader market report include IDAC Solutions Pvt. Ltd, Lintech Enterprises Limited, IER Inc., DESKO GmbH, Beijing Wintone Science Technology, Regula Forensics Inc., Access Limited, ARH INC, and Gemalto N.V, among others. 

 

The global passport reader market is highly fragmented and competitive in nature with the presence of several well-established domestic and international players. These industry players have used several strategies to stay ahead such as mergers and acquisitions, partnerships, collaborations, geographic expansions, and others. Further, they are also investing in research and development activities to cater to the burgeoning needs of the customers. 

Segmentation:

The MRFR report throws light on an inclusive segmental analysis of the global passport reader market based on sector, application, type, and technology. 

 

By technology, the global passport reader market is segmented into OCR, barcode, RFID, and others. Of these, the OCR segment will lead the market over the forecast period. It will develop at a 10% CAGR by 2023. 

 

By type, the global passport reader market is segmented into swipe readers, self-service kiosk, compact full page reader, and others. The compact full page reader will dominate the market over the forecast period. 

By application, the global passport reader market is segmented into border control, airport security, and others. Of these, the airport security will spearhead the market over the forecast period. 

By sector, the global passport reader market is segmented into private, government, and public

 

Regional Analysis:

By region, the global passport reader market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Increasing use of e-passports in immigration points, airport terminals, hotels, and others, rise in air passengers, and increasing deployment by border controls and airport officials are adding to the passport reader market growth in the region. The United States holds the utmost market share for the rising investments by the government in airport infrastructure coupled with installation of passports readers in different airports for hassle-free flow of passengers. 

In the APAC region, the global passport reader market is predicted to grow at a fast pace over the forecast period and at a high CAGR. India and China have utmost market share owing to the development of advanced products like combo readers, service kiosks, and others and the presence of several manufacturers, the presence of leading manufacturers, increasing number of airports in Australia, and increasing adoption of biometric passports are adding to the global passport reader market growth in the region. Additional factors adding market growth include government progressing smart city projects and growth in the setting up of automatic gate systems in the airport. 

In Europe, the global passport reader market is predicted to have healthy growth over the forecast period and that in RoW is predicted to have sound growth over the forecast period. 

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/passport-reader-market-5929

 

Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

3          Market Research Methodology

3.1       Research Process

3.2       Secondary Research

3.3       Primary Research

3.4       Forecast Model

Continued….

 

List of Tables

TABLE 1 GLOBAL PASSPORT READER MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)

TABLE 2 GLOBAL PASSPORT READER MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL PASSPORT READER MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

Continued….

 

List Of Figures

FIGURE 1 TOP DOWN & BOTTOMUP APPROACH

FIGURE 2 FORECAST MODEL

FIGURE 3 DROC OF GLOBAL PASSPORT READER MARKET RESEARCH REPORT: FORECAST TO 2027

Continued….

 

**Similar Report**

Open Source Intelligence (OSINT) Market

https://www.scutify.com/articles/2022-03-14-ai-in-insurance-industry-enormous-growth-with-recent-trends--demand-by-top-vendors-industry-size

 

https://www.scutify.com/articles/2022-03-14-iot-in-agriculture-industry-enormous-growth-with-recent-trends--demand-by-top-vendors-industry

 

https://www.scutify.com/articles/2022-03-14-system-monitoring-market-trends-enormous-growth-with-recent-trends--demand-by-top-vendors

 

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

 

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Identity as a Service Market Segments, Reliable, Efficiently Demand, Demand Status and Explosive Factors Forecast 2027, Market Research Future

Image
    Market Synopsis Market Research Future (MRFR) conducted study on the Identity as a Service Market Segments 2020 and detailed insights into the effect of COVID pandemic on the market in the report. According to MRFR analysis, the identity as a service (IDaaS) market can rise at 18.4% CAGR across the forecast period. By 2027, the identity as a service (IDaaS) market value can cross USD 10 Bn.  The growing deployment of IDaaS on largely accepted cloud platform can boost the expansion of the IDaaS market across the review period. The increase in the adoption of SaaS-based IAM offerings that allow organizations to use single sign-on (SSO) via OpenID Connect (OIDC) or Security Assertion Markup Language (SAML) for the authentication and access controls to provide secured access to enterprises' SaaS applications can promote the expansion of the world market of IDaaS.  The growing need to curb on-site infrastructure that can support a wide range of integration ...
Read more

Marketing Attribution Software Market Analysis, Reliable, Efficiently Opportunity, Key Vendors Trends, Opportunity and Forecast 2027, Market Research Future

Image
Market Synopsis The analysis conducted by the data experts of Market Research Future Reports informs that the Marketing Attribution Software Market Analysis is speculated to display a promising CAGR of 15.3% during the assessment period. The increasing demand for optimizing the marketing expenditure of organizations is the most significant factor influencing the global marketing attribution software market 2020. Besides, the increasing adoption of developed technologies like AI is estimated to be a substantial element driving the global market. Moreover, the need for tracking customer behaviour for targeted marketing initiatives is another significant factor leading to market growth. In addition, the software also provides insights to review ROI and gives details with respect to the lead generation. Therefore, demand is estimated to increase swiftly during the review period. However, the security threats related to sensitive data of the organizations is estimated to be a major hin...
Read more