Global Access Control Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Access control solutions enhance security while allowing modification of security protocols for database. These solutions are gaining popularity in recent years owing to increasing threats. Market Research Future MRFR’s observation unfolds that the global access control market is expected to register 9% CAGR over the assessment period 2018 to 2023. It also highlights that the revenues earned will be touching a valuation of USD 12.53 Bn by the close of the evaluation period.
ASSA ABLOY AB (Sweden), Allegion PLC (Ireland), Gemalto N.V. (Netherlands), NEC Corporation (Japan), Honeywell Security Group (US), Bosch Security Systems Inc. (Germany), Crossmatch Technologies Inc. (US), Tyco International PLC (Ireland), Gunnebo AB (Sweden), and NAPCO Security Technologies Inc. (US) are the key players of the global access control market. Other important players include Dorma+Kaba Holding AG (Switzerland), Nedap N.V. (Netherlands), Identiv, Inc. (US), Suprema HQ Inc. (South Korea), Ot-Morpho (France), Forescout Technologies, Inc. (US), Amag Technology, Inc. (US), Lenel Brivo, Inc (US), Vanderbilt Industries (Ireland), Systems International, Inc. (US), Adman Technologies Pvt. Ltd. (India), Access Control Innovation (Hong Kong), Axis Communications AB (Sweden), and Time and Data Systems International Limited (UK).
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Access control systems include the storage of data of a person based on access card or biometrics. It enables easy verification for maintaining security standards. Enterprises these days are investing in the latest technologies for ensuring safety and security. This is likely to motivate the growth pattern of the access control market in the upcoming years. It also helps with regularization and personnel tracking. Rising awareness about the benefits of access control technology is likely to encourage large-scale adoption in the upcoming years.
Access control systems are also being deployed for safeguarding organizational data from cyberattacks. The number of cyberattacks has increased manifold in the recent years. It is projected to catalyze the expansion of the access control market in the near future. Increasing demand for IoT, wireless technology, etc. are expected to influence the access control market greatly. In addition, the rising crime rates of illegal intrusion is also prognosticated to augment the access control market in the foreseeable future.
The governments are also investigated in the procurement of the technology to protect their assets. This, in turn, is expected to catapult the profits of the market players in the years to come. On the flip side, a lack of awareness about advanced systems can pose a challenge to the participants.
Intended Audience
- Technology Investors
- Research Institutes
- Government and Defense Department
- System Integrators
- Distributors and Manufacturers
- Electronic Access Control Equipment Manufacturers
- Government
- Security Agencies
- Original Equipment Manufacturers
Market Segmentation:
On the basis of technology, the Access Control Market has been segmented into authentication systems, detection systems, alarm panels, communication devices, and perimeter security system. The sub-segments of the authentication system segment are biometric, touch screen and keypads, card-based, door contacts, and intruder alarm systems. The detection systems segment is sub-segmented into glass break detector, motion detector, and door/window sensor. And, the perimeter security system segment is sub-segmented into buried perimeter security free standing perimeter security.
The application-based segments of the access control market are homeland security, industrial, commercial, and residential. The sub-segments of the homeland security segment are defense and government buildings. The commercial segment is further sub-segmented into financial institutions, healthcare, airports, telecommunication, and stadiums.
Regional Analysis:
The regional segments identified for the geographical study of the global access control market are – North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). These regions are then sub-analyzed on the basis of countries. Asia Pacific has been witnessing a high growth in demand for access control solutions. The growth trajectory of the regional market is assessed to be lucrative and exhibits the highest CAGR over the review period. It is anticipated to benefit from the establishment of branches of multinational companies in the region. Also, the rising investments in startups and indigenous companies are expected to boost the growth of the access control market in the near future. Fast-developing nations in the region are seen to be investing in the residential use of access control solutions. It is supposed to increase the pace of expansion of the Asia Pacific access control market.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain/supply Chain of Access Control
Continued……….
List of Tables
Table 1 Access Control Market, by Region, 2018–2023
Table 2 North America: Access Control Market, by Country, 2018–2023
Table 3 Europe: Access Control Market, by Country, 2018–2023
Table 4 Asia-pacific: Access Control Market, by Country, 2018–2023
Table 5 Middle East & Africa: Access Control Market, by Country, 2018–2023
Table 6 Latin America: Access Control Market, by Country, 2018–2023
Table 7 Global Access Control Application Market, by Region, 2018–2023
Table 8 North America: Access Control Application Market, by Country, 2018–2023
Continued……
List of Figures
Figure 1 Global Access Control Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Access Control Market
Figure 4 Value Chain of Global Access Control Market
Figure 5 Share of Global Access Control Market in 2017, by Country (in %)
Figure 6 Global Access Control Market, 2018–2023
Figure 7 Sub-segments of Application
Continued…….
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