The Europe passport reader market was valued at US$ 39. 40 million in 2019 and is projected to reach US$ 71. 82 million by 2027; it is expected to grow at a CAGR of 8. 2% from 2020 to 2027. The optical character recognition (OCR) is used for the alteration of images of typed or printed text from a photo of a document, scanned document, or scene-photo into machine-encoded text, and such technological upgrades are also likely to increase the demand for a passport readers in Europe.
New York, July 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Passport Reader Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology ; Type ; Application ; Sector ; and Country" - https://www.reportlinker.com/p05934807/?utm_source=GNW
At airports, passport readers are needed to shorten operational time and check-in queues as well as for the error-free recording of information; these benefits drive the Europe passport reader market growth.The necessity to authenticate passports at airport check-in points, border security, immigration points, and hotels is also likely to boost the market growth during the forecast period.
The rise in the extent of cross-border travel and increase in terrorism activities are further boosting the sales of passport readers in this region.
The overall Europe passport reader market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the passport reader market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe Passport reader market. Thales Group and Access Ltd, among others, are the key players serving the passport reader market in Europe.
Read the full report: https://www.reportlinker.com/p05934807/?utm_source=GNW
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