Access Control Market 2019 Estimated to Boost in Near Future with Key Players – Gemalto N.V., Honeywell Security Group, Siemens Building Technologies, 3M Cogent, NEC Corporation
The global access control market is anticipated accounted to US$ 6.05 Bn in 2017 and is expected to grow at a CAGR of 13.2% during the forecast period 2018 – 2025, to account to US$ 16.66 Bn by 2025.
The report aims to provide an overview of Global Access Control Market along with detailed segmentation of market by type, application and five major geographical regions. Global Access Control market is expected to witness growth during the forecast period owing to the increased security threats worldwide as well as urbanization.
This Report encloses comprehensive analysis on the market and are assessed through volume and price data valid on 3 approaches as well as high firms revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. each crucial and decisive detail for the development and restriction of the market is mentioned in fine points with solutions and suggestions which will affect the market in close to future. Segmentation of the market are studied specifically to give profound information for supplementary market investments.
The demand for security solutions is on a rise globally. Further, the growth in the number of SMEs adopting security systems has created growth avenues especially in the developing economies of the world. Presently, the access control solutions are increasingly being integrated for including other services and systems. Further, the increase in building automation and smart homes is opportunistic for the market. Many of the companies such as Gemalto, IDEMIA, IDEX Biometrics, and others are expanding and exploring ways for authenticating an individual using biometric-related information.
Top Companies Covered in this Report: Gemalto N.V., Honeywell Security Group, Siemens Building Technologies, ASSA ABLOY AB, NEC Corporation, Johnson Controls International plc, AMAG Technology, Inc., Schneider Electric SE, Gallagher Group Ltd., and Identiv, Inc. among others.
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The market for access control globally has been segmented on the basis of type into three major segments including hardware, software, and services. The companies operating in the global access control market design and innovate robust hardware and software depending upon the requirements of the customers or clients. The global access control market is further bifurcated on basis of application as BFSI, residential, commercial, healthcare, government & transport, and others. The global market for access control is categorized on basis of five strategic regions namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America.
Based upon the regional diversification, North America is the major contributor to the market followed by Europe and Asia-Pacific. The access control manufacturers in the U.S. are continually innovating the technology with mobile capabilities, ease of use, IoT integration, and other functionalities.
Access control systems are the systems that perform authorization, identification, authentication, access approval, and accountability of individuals via login credentials, which includes biometric scans, passwords, personal identification numbers (PINs), and physical or electronic keys.
The US is the largest economy in the world and one of the developed economy as well. The total global output of the country is around 20%, which is larger than that of China. Also, the countries of North America has a plethora of developed infrastructure which clearly depicts the presence of commercial buildings such as hospitals, malls, hotels etc., industrial units, and residential buildings. Such a huge number of old infrastructure demands more security technologies in order to mitigate any unusual activities.
The developed infrastructure in the region has led to the rapid adoption of new technologies, which is anticipated to bolster the access control market. Further, the access control market in the U.S. witnesses an increase in the demand for access control from the healthcare sector for patient identification systems. The growth in wireless technologies and IoT adoption is proliferating the overall market in the country.
Table of Content: –
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Access Control Market Size
2.2 Access Control Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Access Control Market Size by Manufacturers
3.2 Access Control Key Players Head office and Area Served
3.3 Key Players Access Control IS Product/Solution/Service
3.4 Date of Enter into Access Control Market
3.5 Mergers & Acquisitions, Expansion Plans
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Reason to Buy:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Access Control Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Access Control Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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