Access Control Market Scenario – Projected Industry Size by Value and Volume, Technological Advancement and Governing Factors | ApplicantStack, Oracle, iCIMS, Workable Software, Hyrell, Bullhorn, ClearCompany, Greenhouse Software, Jobvite, Automatic Data Processing, SAP SE, 4Talent, Grupo Navent S.R.L
The Industry Report “Access Control Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Access Control market.
Growth in the recent years is primarily driven by the following major factors, such as increasing security concerns, deployment of IP based and wireless technologies, and technological advancements. Furthermore, the growth in commercial sector has propelled the market growth to a significant extent. North America is leading the access control throughout the forecast period. However, Asia Pacific is witnessing the highest CAGR.
Biometric device integration has become a standard requirement for secure access control, thereby delivering greater security for non-transferable devices. Furthermore, the multi-factor authentication technology is increasingly gaining importance and has mainly targeted employee access in critical areas.
The global access control market accounted for US$ 6.05 Bn in 2017 and is expected to grow at a CAGR of 13.2% during the forecast period 2018 – 2027, to account to US$ 16.66 Bn by 2027.
Access control solutions are seamlessly integrated with video surveillance technology for comprehensive physical security. Larger facilities with multiple parking spaces, doors, entry/exit points, and loading docks benefit enormously through this integration.
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The reports cover key developments in the Access Control market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Access Control market are anticipated to lucrative growth opportunities in the future with the rising demand for Access Control market in the global market.
Key Players Influencing the Market
- Oracle Corporation
- iCIMS, Inc.
- Workable Software Ltd.
- Bullhorn, Inc.
- Greenhouse Software, Inc.
- Jobvite Inc.
- Automatic Data Processing, Inc.
- SAP SE
- Grupo Navent S.R.L
- GUPY Tecnologia em Recrutamento LTDA
The “Global Access Control Market Analysis to 2027” is a specialized and in-depth study of the Access Control industry with a focus on the global market trend. The report aims to provide an overview of global Access Control market with detailed market segmentation by solution, deployment type, application, vertical and geography. The global Access Control market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global Access Control market is segmented on the basis of type and end user. Based on type, the market is segmented as cloud-based and on premises. On the basis of the end-user, the market is segmented as large enterprises, small enterprises and medium-sized enterprises.
Besides this, the report analyzes factors affecting Access Control market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Access Control Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Access Control market based on the type and application. It also provides market size and forecast till 2027 for overall Access Control market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Access Control Market.
- Key market trends cracking up the growth of the Access Control Market.
- Challenges to market growth.
- Key vendors of Access Control Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Access Control Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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