360 MARKET UPDATES Report provides a 360-degree overview of the global access control market with special emphasis on all aspects, including drivers, constraints and opportunities, regional and market segmentation.
"Global access control market – Growth, trends and forecasts (2018 – 2023)" The market report provides the panorama of the competition in the global market, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors and access control analysis . It is expected that the Access Control market will register a CAGR of approximately 8.41% during the forecast period of (2019 – 2024).
Covers of access control market reports Leading manufacturers: Honeywell Security Group, Amag Technology, Inc., Gallagher Group Limited, ASSA Abloy AB Group, Gemalto N.V., Crossmatch Technologies, Inc. Morpho SA, Samsung Techwin, 3M Cogent, Inc., NEC Corporation.
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The Global Access Control Market was valued at USD 6.8 billion in 2017 and is expected to reach a value of USD 11.1 billion by 2023 at a CAGR of 8.45%, during the forecast period (2018-2023). The scope of the report is limited to the Type products offered by the main players, which involve Hardware, Software and Services. While the verticals considered in the scope of the report include Commercial, Residential, Logistics and Trade, Government and Transport, Industrial, Health, Military and Defense.
Access control systems are used to regulate and monitor the entry and exit of people in various places, and ensure safety and protection. The application of access control systems ranges from residential buildings to high-level security, such as airport terminals and border security points. Access control systems offer a wide range of access options, such as biometric data, cards and readers, controllers and management software / database / servers. In the biometric access control system, the entry or authentication is controlled by fingerprints, face recognition, iris and voice recognition. Biometric systems are used in critical locations, which require high levels of security, such as government and military facilities, airports and pharmaceutical laboratories.
Growing threats of identity theft emphasize growth in the use of access control for governments.
According to the Internet Crime Complaints Center (IC3) of the FBI, the Electronic Mail Commitment Scam (BEC) recorded a 1,300% increase in the identified losses identified, totaling more than USD 3 billion, since January. 2015. These losses could be better controlled through the use of access control software. According to the Association of Fraud Examiners in 2015, the amount of internal thefts represents approximately 5% of the companies' annual revenues. The implementation of access control systems contributes to the growth in security and protection of office environments. This data identity theft has been on the rise because governments have been adopting the use of access control systems. As cybernetic mandates, frauds and government authentication mandates continue to grow in sophistication and reach, the need to strengthen security and reduce costs is paramount in several industry verticals.
Residential control systems are one of the main markets for the access control market.
Modern society is increasingly looking for new ways to simplify their lives. The ultimate goal is to adjust more activities in the same space of time but with the least effort of physical energy. At the same time, the increase in robbery attacks and the increase in insecurity in society lead to firm measures for security. An access control system has innovative features that keep owners safe and protected. The benefits of using access control systems for residential use is that they provide a greater layer of security. At the same time, the access control provides a remote access function to the control panel and the doors of the house, which facilitates its use for people with busy schedules. The technological advance in access control also provides the option to access the house and verify the security of the house even if it is not in the same city or state.
It has been found that North America has a high adoption for business process management.
The United States is expected to dominate the North American access control market throughout the forecast period; The country represented a significant market share in 2018. Rising crime rates, cyber attacks and terrorist attacks are the main factors driving the US access control market. The National Security Council is using the United States Biometric Detection Standard, which is a scan of ten fingerprints. The fingerprints of visa applicants are collected in all US embassies and consulates. The growing demand for safer solutions has resulted in technologically advanced security products. In addition, there is a growing demand in the medical care segment for biometric identification systems of hygienic patients; This trend is leading the non-contact biometric market in the United States towards solid and continuous growth in the coming years. In addition, this pattern is considered a fiery trend in the United States.
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Reasons to buy the access control market report:
- Identification of key factors that contribute to changing the market scenario, exploiting new opportunities and obtaining a competitive advantage.
- Analysis of various market perspectives with the help of the analysis of Porter's five forces.
- It is likely that the authentication mode will witness the greater adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- SWOT analysis for key players and a detailed study of their current strategic interests and key indicators of financial performance.
- 3 months of analyst assistance along with the Market Estimate sheet (in Excel).
"We can also offer customized reports to meet the special requirements of our customers. The regional and country reports can also be provided. "
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