Global "Access Control Market" The 2019 research report provides information on the market size, participation, trends, growth, cost structure, capacity, revenues and forecasts for 2024. This report also includes the general and complete study of the access control market with all its aspects that influence the growth of the market. This report is a comprehensive quantitative analysis of the access control industry and provides data to develop strategies to increase growth and market efficiency.
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The access control market is expected to grow at a CAGR of more than 9.8% during the forecast period (2019-2024). Acceptance of cloud-based video management and access control solutions are trending. Each access card, fob driver, calendar permission and technology update is integrated through cloud security, so the update of secure access changes are suitable for mobile and globally scalable devices. New doors, offices and users can be added to the system at any time for greater convenience with the benefits provided, such as faster installation time, automatic software updates, flexibility and mobility, managed services with greater cybersecurity.
– The deployment of wireless technology in the security system is a key factor for the market. Wireless access control sends data to the system's control panels via a wireless radio signal, where wireless sensors are easy to move and track all kinds of unique things in the home, with real-time alerts who are aware of what is happening. In addition, wireless intrusion detection and prevention systems also allow the protection of a wireless network by alerting the wireless network administrator in the event of a security breach.
– Due to the increase in crime rates worldwide, public safety is a growing challenge. Access control systems play an important role in urban security by allowing end users to exercise greater control over their domains. The most effective way to protect staff and assets from theft or damage is to limit physical and virtual access to those people who can be identified and evaluated. Modern access control systems are automating this process with capabilities such as encrypted communications, which allow authentication through credentials, biometrics and mobile devices.
– However, due to less awareness among users about advanced security solutions and their use in various applications, market growth can be a challenge in the future.
Scope of the Report:
The market for access control is increasing as different types of cost-effective security systems increase the inclination of individuals towards their use. In addition, the preference for wireless and IoT-based security systems in several applications is a market leader and, together with rapid urbanization, are factors that are expected to support the growth of the global access control market in a Next future.
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Key market trends: –
The fraud detection segment is expected to grow significantly:
The health sector will have the largest market share
– Regarding end-user industries, the health sector is expected to drive technological transformation within the market. Critical health information can be linked to a duplicate or incorrect medical record. This affects the patient's safety and the reputation of the hospital.
– The increasing number of data breaches in the health industry in the United States is leading to the adoption of biometric scanning software. In 2018, Qualcomm Life, Arm, Philips, ForgeRock, Sparsa and US TrustedCare announced that they had come together to establish "OpenMedReady," a standards body that focuses on ensuring that patient data used by healthcare professionals is precise. They indicated that the recognition of fingerprints based on smartphones will be a key element in their framework, as a means to link medical data directly to patients.
– Control of access to private health records is a crucial way to improve the overall safety of patient data. Therefore, by ensuring that only certified and essential personnel have access to confidential data, the risk of data breaches reduces the risks of data breaches and theft.
– Multifactor authentication, which requires users to verify their identities through two or more validation methods, is among the most recommended approaches that a health sector can use.
North America to increase the adoption of access control solutions
– Due to the increase of cyber attacks and malware in the region, several governments and security agencies have forced to improve the security functions in their transactions by deploying RFID and biometric technologies, which contributes even more to the overall growth of the access control market.
– The United States represents an important part of the global demand for access control systems, since here the users who are mainly focused are the employees, who have administrative access to the systems of the organization, which provides the hackers full access to systems. This challenge can be addressed through a strategic IAM (Identity Access Management) strategy, such as moving from passwords to biometric authentication. The cloud-based IAM implementation models provide various benefits, such as economies of scale, reduced costs, elimination of hardware implementation and easier administration. Its adoption is growing at an accelerated pace compared to the local legacy implementation models.
– In July 2018, Bitglass, a leading security agent accessing the cloud (CASB), partnered with Okta, an identity provider, to provide protection against threats and data security in real time to companies that move to the cloud.
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The access control market is highly fragmented with the presence of some global and local actors in various regions of the world. These companies compete in various developed and developing markets to obtain higher market shares. However, these companies face immense competition from local companies, which tend to offer effective but cheaper solutions that use technology and basic components. Therefore, the market has witnessed a combination of new solutions with improved features coupled with lower prices. The key players in the market are 3M Cogent, Inc., Hanwha Techwin Co., Ltd., Honeywell Security Group, etc.
Recent developments in the market are:
– April 2019 – Honeywell highlighted its latest security and fire products at the ISC West 2019 booth, with products such as OmniAssure ™ Touch, a new range of passive intent access control readers compatible with the existing security suites of Honeywell, including WINMAG, WIN-PAK, and Pro-Watch. Honeywell is very focused on offering personal security innovations that take advantage of connectivity to help create a smarter and safer world.
– March 2019 – NEXT biometrics partnered with UniComm, an IT security developer and integrator, that will sell its biometric access control solutions in the Russian market. NEXT's fingerprint scanning technology will help UniComm meet customer demand for best-in-class solutions that will help them master today's challenges and stay ahead of the curve.
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Some important points in the table of contents
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 market segmentation
6 COMPETITIVE LANDSCAPE
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
The market is changing rapidly with the continued expansion of the industry. The advance in technology has given today's companies multifaceted advantages that result in daily economic changes. Therefore, it is very important for a company to understand the patterns of market movements in order to develop a better strategy. An efficient strategy offers companies an advantage in planning and an advantage over competitors. Industry research It is the reliable source for obtaining market reports that will provide you with the leadership your company needs.
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