Gunshot Detection System Market Drivers, Restraints, Challenges and Opportunities till 2025

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The Gunshot Detection System Market report
provides an analysis of the market from 2016 to
2025. It discusses industry and technology
trends prevailing in the market, along with the
market drivers, restraints, challenges, and
opportunities. The Gunshot Detection System
Market is projected to grow from USD 594 million
in 2020 to USD 979 million by 2025, at a CAGR of
10.5 from 2020 to 2025. The gunshot detection
system market in North America is expected to
witness substantial growth during the forecast
period due to the upgradation of security system
in existing infrastructures such as universities,
public banks, and corporate offices, among
others. The rise in gun ownership and illegal
firearms market are the factors that have led to
rising crime rate across this region. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id58054729 Among installation,
the fixed installations segment is projected to
witness the highest growth during the forecast
period. Major U.S. cities are planning to install
indoor gunshot detection systems at
universities, corporate office locations, and
financial facilities, among others, over the
next five years. The GDS installations in the
perimeter of the city will prevent the incidences
of gunshot detection. Among application segment,
commercial is expected to grow at the highest
CAGR during the forecast period. Increasing
demand for gunshot detection systems from
educational institutes and homeland security is
expected to drive this market. The increasing
incidences of homicides by guns violence, is
driving the demand for commercial gunshot
detection system. In terms of geographic
coverage, the gunshot detection system market has
been segmented into five regions, namely, North
America, Europe, Middle East, Asia Pacific
(APAC), Rest of the World, which includes Latin
America, and Africa. North America is estimated
to account for the largest share of the gunshot
detection system market in 2020. Countries in
North America such as US dont have strict gun
control laws. The people to gun ratio in these
countries is very high. Moreover, increasing
incidences of gunfire and homicides within these
regions, is driving the GDS market.
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