Global Passport Reader Market Forecast Report 2024-2029: Post-COVID-19 Era Ushers in an Increased Preference for Touchless Solutions [Yahoo! Finance]
ASSA ABLOY UNSP/ADR (ASAZY)
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Source: Yahoo! Finance
Size, Trends and Forecasts to 2029" report has been added to ResearchAndMarkets.com's offering. The global passport reader market value stood at US$321.02 million in 2023 and is expected to reach US$501.30 million by 2029. The global passport reader market has exhibited consistent growth driven by various factors, such surge in air passenger traffic, coupled with the continuous global expansion and construction of airports, which forms a significant catalyst. The market further thrives on the escalating numbers of international immigrants and the widespread adoption of passport readers in the banking sector. Government initiatives focusing on digital identity, along with the increasing occurrences of passport forgery, contribute to the market's upward trajectory. Moreover, the heightened utilization of passport readers within the hospitality sector adds to the comprehensive growth landscape. The market's upward trajectory is sustained by these diverse growth drivers, reflecting
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