Market Highlights:
At present, businesses across the world are experiencing an augmented need for safety and security. This is one of the major reasons for the progression of the global access control market. Owing to its rising demand across various verticals, Market Research Future an expert in the art of providing research reports decided to offer a study report on this market. The report on access control market states that this market will expand enormously during the forecast period of 2017-2027.
Access control is basically a form of security tool that enables people to design the security measures according to their individualistic requirements. In simpler terms, it allows the owner to control which individual can access and utilize his or her company’s resources.
At present, the global access control market seems to be gearing up for the future. In the forthcoming forecast period, this market will come across innumerable growth prospects. The CAGR rates and the revenue turnover forecast look great and bear witness to the fact that rapid development will be experienced by this market in the forthcoming years.
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Major Key Players
- Gemalto (Netherlands),
- Allegion (Ireland),
- 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.)
According to MRFR, World Access Control Market is expected to reach USD 12.53 billion in 2023 with a CAGR of 9% during the forecast period 2018-2023.
Industry News
In March 2019, AMAG Technology, a world leader in unified solutions, has announced the integration of Symmetry Access Control v9.1 software with Suprema’s BioEntry P2 and BioLite N2 Biometric readers.
Market Segmentation:
By technology, the global access control market has been segmented into authentication systems, detection systems, alarm panels, communication devices, and perimeter security system. The authentication system segment is further sub-segmented into biometric, touch screen and keypads, card-based, door contacts, and intruder alarm systems. The detection system segment has been sub-segmented into glass break detector, motion detector, and door/window sensor. The perimeter security system segment is sub-segmented into free standing perimeter security and buried perimeter security.
By application, the access control market has been segmented into homeland security, commercial, industrial, and residential. The homeland security segment has been sub-segmented into defense and government buildings. The commercial segment is further sub-segmented into airports, healthcare, financial institutions, telecommunication, and stadiums.
Regional Analysis:
The global access control market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World. Asia Pacific is likely to lead the proliferation of the market owing to increasing technological implementations. The region is expected to witness developments in the IT industry which is conducive to the growth of the access control market in the foreseeable future. China, Japan, and India are presumed to revolutionize the growth trajectory of the access control market over the assessment period. North America and Europe are developed markets and are projected to exhibit rapid developments in the forthcoming years. The U.S., Canada, Germany, and the U.K. are likely to contribute significantly to the expansion of the access control market.
On the other hand, countries like the US, Canada, Germany, and the UK already have established markets. These countries along with a few other countries in Europe were early adopters of access control solution in office and residential premises. North America was the dominating region in 2017 owing to the planned residential areas, office spaces, and commercial and government properties. However, recent immigration in the US has led many citizens with a risk of theft or perimeter intrusion. This has alternatively led to the growth of access control market in the US.
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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
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
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 %)
Continued……
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