Latest News:- E-Gates Market: Hardware is expected to lead the Type segment during 2024-2028

E-Gates Market to grow at a CAGR of 30.9% during 2024-2028

The E-Gates Market is expected to grow at a CAGR of 30.9% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5418.7 million. E-gates represent a significant advancement in airport security technology, automating identity verification and screening processes to streamline passenger flow. Traditional methods relied heavily on security guards for manual checks, which were labor-intensive and increased operational costs. With e-gates, the need for extensive manual baggage screening and the associated workforce is significantly reduced. This not only enhances the usage of new technologies but also leads to a more efficient and cost-effective airport security system. 

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The Hardware subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Hardware subsegment will lead the Type segment during 2024 and 2028 In the e-gates market, the hardware component represents a significant investment due to the utilization of advanced technologies such as facial recognition cameras, LED screens for traveler information, automatic gates, iris and fingerprint scanners, and hardware that can withstand extreme weather conditions. The reliability and security of these components are paramount, as they facilitate swift and secure passenger processing. The escalating priority for heightened security at airports and border crossings is fueling the expansion of the hardware segment within the global e-gates market.

Here are the various ways based on which the market is segmented: 

• Type
  • Hardware
  • Software
  • Service
• Application
  • Airport
  • Government
• Geography
  • Europe
  • North America
  • APAC
  • Middle East and Africa
  • South America

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There are several factors that are causing the market to flourish reduced airport operating expenses

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Research Analysis Overview

The E-Gates market is revolutionizing the travel experience by integrating automation, AI-powered personalization, and biometric technology into passenger processing at airports and seaports. These automated systems, including self-service kiosks, iris scans, fingerprint readers, and facial recognition, collect data for identity verification and border control. Biometrics, such as RFID and iris scans, offer a more secure and efficient way to process passengers, reducing wait times and streamlining immigration procedures. E-Gates use advanced technologies like AI and machine learning to provide a personalized travel experience, making the border control process more seamless. The use of biometric verification through fingerprint recognition, iris scanning, and facial recognition enhances security measures, ensuring a safe and efficient border control process. Automated border control through E-Gates is becoming increasingly popular, with a growing regional footprint in airports and seaports worldwide. These electronic gates offer a more convenient and efficient way to process passengers, reducing the need for manual intervention and improving overall passenger experience. The integration of biometric technology into E-Gates is expected to continue driving growth in the market, as more countries adopt these advanced systems to streamline immigration procedures and enhance border security.

Market Research Overview

The IT services market encompasses companies providing IT consulting and system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. Specifically, the global IT consulting and other services market caters to firms delivering IT consulting and information management solutions. According to Technavio, this market's size is determined by the consolidated revenue generated by companies offering various IT consulting and information management services. This revenue is derived from IT service contracts executed annually. Key growth drivers for the global IT consulting and other services market include escalating government investments in modernizing IT infrastructure to address the shortage of experts in contemporary IT skills.

The E-Gates Market is experiencing significant growth, fueled by the reduced airport operating expenses. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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