The global barrier systems market size is expected to reach USD 24.5 billion by 2025, registering a CAGR of 9.8% from 2020 to 2025, according to a new report by Grand View Research, Inc. The growth can be attributed to their increasing use in commercial, residential, and high-end security applications. Moreover, these solutions enable access to vehicles and pedestrians at crossing points to avoid accidents, thereby increasing their adoption.
Numerous vendors offer high-security barrier solutions, which are used in vehicle access control systems to protect critical infrastructure and stop projectile impacts. Furthermore, barrier systems include trigger loops and timers to help reduce traffic congestion. The monitoring and access control solutions ensure that property and assets are protected from thieves.
Increasing consumer preference for residential safety and security is anticipated to contribute to barrier system market growth. Governments across the globe are taking initiatives for infrastructure development, which is further expected to favor market growth over the forecast period. Surge in incidents of security breach are fueling the need for safety and security, which in turn is driving product adoption in end-use industries.
Rapid industrialization and increasing construction activities across the globe are expected to propel market growth over the forecast period. In addition, increasing terrorism, illegal events, and fraudulent activities have led to a rise in the adoption of barrier systems. These solutions are also widely adopted in data centers and financial institutions to avoid intrusion, property damage, and data theft, among others.
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Further key findings from the report suggest:
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Grand View Research has segmented the global barrier systems market on the basis of type, function, access control device, end use, and region:
Barrier Systems Type Outlook (Revenue, USD Billion, 2014 – 2025)
Barrier Systems Function Outlook (Revenue, USD Billion, 2014 – 2025)
Barrier Systems Access Control Device Outlook (Revenue, USD Billion, 2014 – 2025)
Barrier Systems End-use Outlook (Revenue, USD Billion, 2014 – 2025)
Barrier Systems Regional Outlook (Revenue, USD Billion, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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