Market Research Future (MRFR) highlights the Global Access Control Market Witnesses Increasing Product Launches and Uptake of These Systems. Market Driven by Futuristic Identification Technologies
The global access control market is growing rapidly, witnessing a spurting rise in demand for security technologies. Access control technologies have taken the paradigms of security up to the ascended level, evolving dramatically. Access control leverages the latest technologies to offer complete and accurate fingerprint scanning to voice recognition and biometric solutions that can not only capture images but also analyze real-time video data, transforming the way identification and personal information of individuals.
These advantages are escalating the growth of the market. According to Market Research Future (MRFR), the global access control market is poised to create a valuation of USD 12.53 BN by2023, growing at 9% CAGR during the review period (2018-2023). Organizations are capitalizing upon existing surveillance infrastructures, access control, and time & attendance applications. Rising deployments of wireless technology in security systems accelerate market growth.
Additionally, the broader adoption of IoT based security systems with cloud computing platforms substantiates the growth of the market. COVID 19 pandemic is expected to increase the size of the market, increasing the prominence of remote Access Control technologies.
Players leading the access control market include Gemalto NV (Netherlands), ASSA ABLOY AB (Sweden), Allegion PLC (Ireland), Tyco International PLC (Ireland), NEC Corporation (Japan), Honeywell Security Group (US), Gunnebo AB (Sweden), Bosch Security Systems Inc. (Germany), NAPCO Security Technologies Inc. (US), and Crossmatch Technologies Inc. (US), among others.
Additional players holding a sizable market share are Identiv, Inc. (US), Dorma+Kaba Holding AG (Switzerland), Nedap N.V. (Netherlands), Ot-Morpho (France), Suprema HQ Inc. (South Korea), Amag Technology, Inc. (US), Lenel Systems International, Inc. (US), Forescout Technologies, Inc. (US), Brivo, Inc (US), Adman Technologies Pvt. Ltd. (India), Vanderbilt Industries (Ireland), Axis Communications AB (Sweden), Time and Data Systems International Limited (UK), and Access Control Innovation (Hong Kong).
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Access Control Market – Segmentation
The report is segmented into three dynamics;
By Technology : Authentication Systems (biometric, card-based, touch screen & keypads, door contacts, intruder alarm systems, others), Alarm Panels, Detection Systems (motion detector, glass break detector, and door/window sensor, others), Communication Devices, Perimeter Security System (free standing perimeter security, buried perimeter security, others), and others.
By Application : Homeland Security (defense & government buildings), Commercial (airports, financial institutions, healthcare, telecommunication, stadiums, others), Industrial, Residential, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Access Control Market – Regional Analysis
North America dominates the global access control market. The largest market share attributes to vast technological advancements and increasing adoption by law enforcement agencies and enterprises. Besides, early adoption of the latest identification & recognition technologies and in various industries, enterprises, and residential properties across the region drive market growth.
Europe stands second in the global access control market. The market growth is driven by the rising uptake of advanced biometric-enabled access control to reduce the risk of burglary and theft. Additionally, the rapid urbanization and increasing office & residential premises is a major factor behind the growth of the regional market. Furthermore, illegal immigrants in the region push the growth of the market, posing the risk of theft/ perimeter intrusion.
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