The increasing threat to data security from hackers, and consumer concern for privacy has led wide adoption of access control services by organization. In order to safe data from hackers, companies are taking precautions and adopting critical biometric solutions from experts such as Gemalto, Allegion, Honeywell Security, and NEC Corporation. With passage of time, the Access Control technique is also improved and at present available in various forms. Biometric readers, card based readers, and electronic locks are some of the emerging Access Control hardware.
The major growth driver of Access Control Market includes increasing adoption of card based readers to authenticate individual identity, and increasing concern of protecting infrastructure and assets among verticals such as commercial, telecommunication and banking sector. However, less awareness of advanced security solution is one of the major factor hindering the growth of Access Control Market
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Major Key Players
Assa Abloy (Sweden),
Gunnebo Security Group (Sweden),
Tyco International Plc (Ireland),
Crossmatch Technologies, Inc.(U.S.),
NEC Corporation (Japan),
Oberthur Technologies (France),
Allegion, Plc (Ireland), Honeywell Security Group (U.S.) among others.
The research report distributed by Market Research Future on ‘Access Control Market’ provides an in-depth evaluation of all the segments of this market. Here are some of the major aspects of the segmental analysis.
By system type – Intruder alarm systems, authentication systems (biometric & card based authentication) and perimeter security systems (Free standing, buried cable). Out of the mentioned segments, card based authentication systems govern the market and account for the largest number of shares. The card is employed as a credential in an access control system to verify a person’s position in an organization. This is a fact that gives card based authentication an upper hand over the other segments.
By applications – Commerical, BFSI, Military & defense, residential, government, industrial and telecommunication. The commercial segment is anticipated to develop at the highest CAGR during the forecast period. It is because the commercial sector observes an immense demand to protect their assets from various threats like accidents, theft and vandalism.
The Global Access Control market is estimated to grow at a promising rate in upcoming years. North America has witnessed to dominate the market due to high growth in technology and high technical expertise. Europe is expected to generate second highest revenue for the market due to increasing cyber-attacks in the region which has created huge demand for security solution. Asia-Pacific is expected to be the fastest growing region due to increasing adoption of security systems in small & medium size enterprises in the region. However, Rest of the world which includes The Middle East & Africa and Latin countries are expected to grow with steady growth rate in coming years.
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