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The global safes and vaults market is projected to grow by USD 1.57 billion from 2024 to 2028, driven primarily by increasing demand from the healthcare sector and a shift towards customized security solutions. The market is expected to expand at a CAGR of over 5.34%, despite challenges posed by the rise of cashless transactions. Key players include Access Security Products, ADT Inc., and Godrej and Boyce, with trends highlighting the adoption of electronic and biometric safes for enhanced security in both commercial and residential settings.
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