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Maritime safety market size to hit $23.67 by 2021

The maritime safety market size is estimated to grow from USD 16.71 billion in 2016 to USD 23.67 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 7.2%. The maritime safety market is driven by factors such as increasing maritime awareness, rising number of incidents pertaining to piracy & terrorism, and compliance to regulatory standards & guidelines.

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