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Smart Thermal Camera Market Growth rate (CAGR) of 8.2% During the Study Period, i.e., 2021-2027
The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the Smart Thermal Camera Market.

Astute Analytica reports that the global Smart Thermal Camera Market size will grow from $18.1 billion by 2027. The global market will record a tremendous compound annual growth rate (CAGR) of 8.2% during the study period, i.e., 2022-2027.

The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the Smart Thermal Camera Market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analysing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.

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Factors such as rising concerns among the government about public safety, the growing number of vehicles & accidents, and the lack of infrastructure are acting as catalysts for the growth of the smart traffic camera market. Additionally, the market growth is directly proportional to the increase in the number of smart cities development projects. Moreover, the growing penetration of analytics software across the world is helping the market to grow further. However, an increasing number of hackers & security threats, and high investment for the installment of equipment is expected to act as the barriers to the growth for the smart thermal camera market growth over the forecasting years.

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