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Middle East and North Africa Security Printing Market is expected to reach US$ 36 Billion by 2027 with CAGR of 6.5%

According to the report by Business Market Insights, Middle East and North Africa Security Printing Market is expected to reach US$ 36 Billion by 2027 with CAGR of 6.5%.

By SMN Bureau
According to the report by Business Market Insights, Middle East and North Africa Security Printing Market is expected to reach US$ 36 Billion by 2027 with CAGR of 6.5%.
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Security printing is the field of the printing industry that deals with the printing of items such as banknotes, cheques, passports, tamper-evident labels, security tapes, product authentication, stock certificates, postage stamps and identity cards. According to the report by Business Market Insights, Middle East and North Africa Security Printing Market is expected to reach US$ 36 Billion by 2027 with CAGR of 6.5%.

The Middle East and North Africa Security Printing Market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

The industry faces major challenge from digitization and convergence of content. The challenge arises from the technological convergence between modes of communication, which makes print, broadcasting and telecommunication more artificial and arbitrary. The most compelling cause of the convergence is fast spreading digitization of all types of content, the translation of content into computer readable digital code. Hence, growing digitization and convergence are emerging as restraints for the security printing market. However, these can also be seen as generating new opportunities for security printing companies, which can make investment towards new product developments to tackle the threat.

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Security printing involves printing of items that requires authentication such as banknotes, postage stamps, product authentication, identity cards, stock certificates and passports. Security printing includes holograms, intaglio printing, special paper, watermarks, micro-printing, security threads, anti-copying marks, magnetic inks and serial numbers. Security printing is done to avoid illegal activities such as counterfeiting, forgery and tempering. Many computer systems rely to some extent on secure printing, packaging, and seals to guarantee important aspects of their protection. Many software products get protection against forgery by using tricks such as holographic stickers, which are supposed to tear when removed from the package. Therefore, implementation of security measures is necessary to assure the user that the product has not been tampered after leaving the factory, which can be achieved by security printing.

Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms.

Middle East and North Africa Security Printing – MARKET SEGMENTATION

By Printing Process

  • Screen Printing
  • Letterpress Printing
  • Intaglio Printing
  • Digital Printing
  • Others

By Application

  • Banknotes
  • Cheques
  • Ticketing
  • Stamps
  • Payment Cards
  • Personal ID
  • Brand Protection
  • Passports

By Countries

  • Saudi Arabia
  • Egypt
  • UAE
  • Bahrain
  • Oman
  • Kuwait
  • Jordan
  • Lebanon
  • Iraq
  • Rest of MENA

Company Profiles

  • JMBR Group
  • Oumolat Security Printing LLC
  • United Security Printing
  • Al Ghurair Printing & Publishing LLC (AGPP)
  • Al Madina Development & Supply LLC (ADS)
  • Alpha Ink & Printing Materials Trading Co. L.L.C
  • Andrupos
  • Emirates German Security Printing L.L.C.
  • HP Development Company, L.P.
  • Hypertech Holograms L.L.C,

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About Business Market Insights

Based in New York, Business Market Insights is a one-stop destination for in-depth market research reports from various industries including Technology, Media & Telecommunications, Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Device, and Chemicals & Materials. The clients include corporate and academic professionals, consulting, research firms, PEVC firms, and professional services firms.

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E-Mail : sales@businessmarketinsights.com

 


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