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NEW YORK, Jan. 27, 2021 /PRNewswire/ Award winning market research company Fact.MR has recently published a report on the physical access control system (PACS) market. According to the study, the market is expected register noteworthy growth in 2021 over 2020, attributed to heightened usage across key industries ranging from BFSI to retail and communications. Long-term growth appears highly optimistic, with projections estimating a CAGR exceeding 9% from 2021-2031.
In spite of a deceleration experienced in the wake of the pandemic crisis, the popularity of PACS is regaining momentum. In addition, burgeoning online business transactions in the wake of deepening e-commerce penetration and the advent of Industry 4.0 have also served to heighten prospects for PACS in recent years. The National Retail Federation of the United States estimates a nearly 4% increase in virtual retail sales since 2017. E-commerce sales registered double-d ....

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