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Guard Tour System Market Trends, Growth, Scope, Size, Overall Analysis and Prognostication by 2027

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Neeta Desai
Guard Tour System Market Trends, Growth, Scope, Size, Overall Analysis and Prognostication by 2027

The global Guard Tour System Market was valued at USD 220.1 Million in 2019 and is projected to reach USD 273.3 Million by 2027, expanding at a CAGR of 3.9% during the forecast period. A guard tour system tracks security tours, which helps organizations and companies to log, organize and execute guard tours and patrols in their assets. The guard tour systems market is segmented on the basis of types, patrol systems, Functionality, end-users, and regions. Rising demand for security fuels the growth of the market.

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The market is driven by factors such as rise in the use of real-time tracking, integration of technology, rising security breaches and sophisticated attacks across enterprises and countries, increasing adoption of guard tour systems in emerging countries. Conversely, high costs of guard tour systems and lack of awareness among consumers are key restraints of this market. Increasing adoption of cloud-based systems and rising adoption of surveillance systems is an opportunity for manufacturer.

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