MarketsandMarkets Research Private Ltd. News
In an era defined by digital transformation and escalating security concerns, the methods we use to confirm identity are undergoing a profound evolution. The days of relying solely on easily transferable passwords and keycards are fading, giving way to advanced, non-transferable verification, particularly within Access Control Systems. This accelerating shift is not just a technological trend, but a massive market movement: According to MarketsandMarkets 2024, the global biometric system marke...
Driven by the rising adoption of IoT-enabled security systems and cloud-based platforms, the global access control market is expected to grow from USD 10.62 billion in 2025 to USD 15.80 billion by 2030, at a CAGR of 8.3%, according to new information from research company, Marketsandmarkets. IoT enhances automation efficiency by enabling secure, real-time data exchange, while cloud integration offers scalability, remote monitoring, and reduced maintenance costs. Together, they support advanced...
Traffic congestion and road accidents are the toughest challenges faced by traffic management agencies across the world. With rapid global urbanization, the growing amount and type of vehicles has led to more road-related issues every year. According to a MarketsandMarkets report, the global number of cars and commercial vehicles on the road will nearly double by 2040, putting tremendous pressure on the existing urban infrastructure. Traffic management strategies Various countries have formul...
The demand for video surveillance in perimeter applications is increasing as risks evolve. A recent report by MarketsandMarkets projects that the perimeter security market will grow from $61.3 billion in 2020 to $96.5 billion by 2026. The rise in perimeter intrusions, theft, cross-border terrorism, illegal immigration, and other threats significantly impacts the rising demand for innovative solutions that transform security response into proactive mitigation. Prioritizing video data To that e...
According to the research report, the ‘Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), License Type (Unlicensed, Fully Licensed), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Region - Global Forecast to 2026’, published by MarketsandMarkets, the market size is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8%. Rising adoption of millimeter waves in the telecommuni...
