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The pedestrian access control system market is expected to grow at a CAGR of 6.6% through 2033 In 2022, the pedestrian access control system market is estimated at USD 2,655.1 million. It is projected to be worth $5.2989 billion in 2033. The pedestrian access control system market is expected to reach $2.7879 billion by 2023, growing at a CAGR of 6.6% from 2023 to 2033. Enterprise security measures are constantly being improved using smart applications such as biometric and card-based pedestrian access control systems. It also supports businesses through the collection of extensive indirect data on its employees, while primarily ensuring a high level of security that supports profitable operations. According to a recent Persistence Market Research (PMR) report, as Internet of Things (IoT) adoption continues to grow, sales of modern security tools such as pedestrian access control systems will significantly increase. Demand for installation of high security access gates with intelligent pedestrian access control systems in airports, educational institutions and government buildings is growing rapidly. Key players: SKIDATA AG, Godrej Security Solutions , Neptune Automatic Pvt. Ltd., Advance Systems Access Control and Classic Access Control Pte Ltd. This report covers the Pedestrian Access Control System sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, brokers, customers, historical growth and future perspectives. Key Takeaways – Pedestrian Access Control Systems Market Study Strict regulations by the US government, such as HIPAA compliance and SOC2 compliance for access control, are expected to drive the growth of the pedestrian access control system market over the forecast period. The growing preference for automatic systems over conventional systems is expected to benefit the sector of automatic operation modes. Due to increasing security concerns, the airport segment is expected to be the most attractive in the global pedestrian access control system market during the forecast period. High initial cost of system implementation is hindering the growth of the pedestrian access control system market. Asia Pacific Excluding Japan (APEJ) is expected to be a key region for the pedestrian access control system market. India is also expected to witness a burgeoning CAGR over the forecast period. The increasing theft or theft across the residential sector has witnessed high demand for enhanced secure access control systems from end users. This will help market players gain an edge in terms of innovation in the residential sector and further fuel the growth of the pedestrian access control system market. For More info- https://www.persistencemarketresearch.com/market-research/pedestrian-entrance-control-systems-market.asp

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