Safes and Vaults Market Growth, Opportunities & Forecast, 2017 - 2023

There is an increase in the adoption of safes and vaults in the retail industry due to presence of cash intensive environment, which has high demand for cash management safes. The safes and vaults market is influenced by the rise in demand for technologically advanced products, constant need to improve infrastructural security, and growth associated with non-banking sector. However, increase in penetration of digital transaction solutions limits the market growth.

The Global Safes and Vaults Market was valued at $4,727 million in 2016, and is projected to reach $6,907 million by 2023, growing at a CAGR of 6.0% from 2017 to 2023. Safes and Vaults Market are integrated security products developed to facilitate the safety of valuable assets in case of high-risk situations. These products establish a technologically secure environment that helps in the protection of monetary assets, arms and ammunition, documents, critical records, media files, and others during variety of circumstances such as fire situation, toxic incident, extreme weather condition, theft, burglary, robbery, intrusion, and others.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/4354?utm_source=nee%2Fopen

Safes and vaults form an integral part of physical security solutions. These products are able to create safe environment to cater to the high-risk situation specific needs of customers, which allows it to become one of the most popular industry solution worldwide. Further, the unprecedented growth in the banking and retail market predominantly drives the safes and vaults market for protection of valuable assets in the physical security ecosystem. The global safes and vaults market is estimated to witness significant growth in Asia-Pacific and LAMEA, on account of rise in demand for technologically advanced products in countries, such as India, China, Germany, and Japan. The safes and vaults market share is projected to grow at a CAGR of 6.0% from 2017 to 2023, owing to increase in demand for application-specific products in the developed and the developing regions.

Key players in the safes and vaults market are involved in the introduction of new features and capabilities, to enhance their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. For instance, in May 2017, Odon Inc. introduced the illumiSAFE and the illumiSAFE mini which is a personal safe disguised in the form of a lamp. These safes are one of the most technologically advanced personal safes available in the market. It features activation by smart phone or RFID key, wireless and off-site connectivity and other advanced capabilities.

Request Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4354?utm_source=nee%2Fopen

Key Benefits

In-depth analysis of the market and dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the market and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global safes and vaults industry.
Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided.
Detailed analysis of the key players operating in the industry and their business strategies are anticipated to assist stakeholders to take informed business decisions.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.