Access Control Market Research Report- Opportunities & Challenges

Posted by kelvindbmr on February 4th, 2020

Global Access Control Market accounted for USD 6.23 billion in 2017 and is projected to grow at a CAGR of 6.9% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Access Control is any instrument by which a mechanism that allows or nullify the privilege to get to a few information, or perform some activity. The growing technological advancements and combination of access control items with a tremendous sort of advances, for example, biometrics and cell phones are the main considerations driving the development of the entrance control showcase. Advanced access control with security administration frameworks provides biometrics which is included in their products, is a key quality in the airport market.

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Key players: Global Access Control Market

Some of the major players of the global access control market are ASSA ABLOY AB, Johnson Controls International plc, Dorma+Kaba Holding AG, Allegion plc, Honeywell Security Group, Identiv, Inc., Nedap N.V., Suprema HQ Inc., Bosch Security Systems Inc., Ot-Morpho, Gemalto N.V., Amag Technology, Inc., Gunnebo AB, NEC Corporation, Crossmatch Technologies, Inc., NAPCO Security Technologies, Inc, Forescout Technologies, Inc., Hid Global, Lenel Systems International, Inc., Brivo, Inc, Vanderbilt Industries, Adman Technologies Pvt. Ltd., Axis Communications AB, Access Control Innovation, Time and Data Systems International Limited and Nortech.

Competitive Analysis: Global Access Control Market

The global access control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of access control market for global, Europe, North America, Asia Pacific and South America.

Market Segmentation: Global Access Control Market

The global access control market is segmented based on component, service, vertical, and geographical segments.

• Based on the component, the global access control market is segmented into Hardware and Software. Hardware segment is further sub segmented into card-based readers, biometric readers, multi-technology readers, electronic locks, controllers, and others (RFID tags, cards, keypads, door sets, and servers).
• Based on service, the global access control market is segmented into Installation and Integration, maintenance and support and access control as a service (ACaaS).
• Based on vertical, the global access control market is segmented into commercial, military and defense, government, residential, healthcare, education, manufacturing and industrial and transportation.
• Based on geography the global access control market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Market Drivers and Restraints:

• Growing adoption of wireless technology.
• Rising concerns of safety and security.
• Adoption of security systems with cloud computing platforms.
• High implementation costs and up fronts.
• Reluctance in changing security control measures.
• Data theft within the organization.

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