Safes and Vaults Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to safes and vaults market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Safes and Vaults Market News

in Safes and Vaults Market
  • The initial ATM solutions vendor to implement Microsoft Windows 11 IoT Enterprise LTSC 2024 in commercial environments was Diebold Nixdorf in December 2024. The release provides ATMs and financial institutions strong security through enhanced operational efficiency, enhanced security features, and simplified use.
  • Gunnebo acquired Primat Group successfully, in October 2024, strengthening its European market hold. With the expansion of its production capacity, the acquisition assists Gunnebo in diversifying its product line to safes, vault doors, and cabinets, further establishing it as the market leader in safe storage solutions.
  • Diebold Nixdorf's Vynamic Smart Vision technology, released in January 2024, uses AI to cut retail loss and boost checkout productivity. Without the need for businesses to change existing infrastructure, the platform offers real-time visibility, enhances shop security, minimizes theft, creating higher productivity and security.
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Global Safes and Vaults Market size was valued at USD 5.20 Billion in 2023 and is poised to grow from USD 5.51 Billion in 2024 to USD 9.12 Billion by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).

Large players in the highly competitive safes and vaults industry are concentrating on technology and innovation. Strategies employ IoT connectivity, biometric systems, and AI to provide smarter and secure solutions. Amsec, Sargent & Greenleaf, and Gunnebo are also spending heavily on research and development to make available products with better security features. Strategic partnerships, mergers, and acquisitions are also prevalent as companies get ready to enlarge their product lines. 'Gunnebo', 'Sargent & Greenleaf', 'Amsec', 'Chubb', 'Diebold Nixdorf', 'La Gard', 'Vaultz', 'Safe Solutions', 'Brown Safe Manufacturing', 'Hollon Safe', 'Protex Safe', 'CMI (Cannon Safe)', 'Abloy', 'Arneg', 'TSL Products'

With growing security threats such as theft, burglary, and hacking, individuals and companies are opting for safes and vaults. Improved security is offered by technological advancements such as biometric safes, AI-enabled vaults, and encryption machines, which boost demand. Well-publicized crimes in the banking, housing, and retail industries also increase the demand for safe storage.

IoT-Integrated Smart Safes and Vaults: Smart safes and vaults are also adopting IoT technology, which provides capabilities such as remote monitoring, smart lock compatibility, and real-time alerts. With convenient access and management, these capabilities help consumers and businesses enhance operational efficiency and security. They are a suitable option for contemporary security solutions since remote access also allows for rapid changes and real-time status.

How Asia-Pacific Became the Dominant Force in the Safes and Vaults Market?

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Global Safes and Vaults Market
Safes and Vaults Market

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