Access Control Market The research report (2018-2023) studies market ideas, the list of the main key players, buyers, threats of new participants and substitute products. In addition, the access control market includes the various market dynamics, such as Drivers, restrictions and opportunities globally The research report included the various factors that affect, such as market growth, market share, competitive intelligence and growth opportunity.
"Access Control Market the report is expected to record a CAGR of 8.41% during a five-year forecast period. "
List of the main key players operating in the global access control market are –
- Honeywell Security Group
- Amag Technology
- Gallagher Group Limited
- ASSA Abloy AB Group
- Gemalto N.V.
- Crossmatch technologies
- Morpho SA
- Samsung Techwin
- 3M Cogent
- 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 an annual compound rate of 8.45%, during the period of forecast (2018-2023). The scope of the report is limited to Type products offered by the main actors that include hardware, software and services. While the Verticals considered in the scope of the report include Commercial, Residential, Logistics and Retail, Government and Transportation, 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 security. The application of access control systems ranges from residential buildings to high-end security, such as airport terminals and border security points. Access control systems offer a wide range of access options, such as biometrics, cards and readers, controllers and management software / database / servers. In the biometric access control system, the entry or authentication is controlled by fingerprint or facial recognition, or by 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.
The growing threats of identity theft emphasize the growth in the use of access control for governments.
According to the FBI Internet Crime Complaint Center (IC3), the Commercial Email Compromise (BEC) scam experienced a 1.300% increase in the exposed losses identified, totaling more than USD 3 billion, since January 2015 Such 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 theft represents approximately 5% of the annual income of the companies. The implementation of access control systems contributes to the growth in the security of office environments. Such data identity theft has increased because governments have been adopting the use of access control systems. As cyber attacks, fraud and government authentication mandates continue to grow in sophistication and scope, the need to strengthen security while reducing costs is paramount in several vertical sectors of the industry.
Residential control systems are one of the main markets for the access control market.
Modern society is increasingly looking for ways to simplify their lives. The ultimate goal is to fit more activities in the same space of time but with the least effort of physical energy. At the same time, the increasing attacks of robbery and greater insecurity in society lead to the strong measures taken for security. An access control system has innovative features that keep owners safe and secure. 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 the function of remote access to the control panel and the doors of the house, which facilitates its use for people with busy hours. The technological advance in access control also offers the option of accessing the house and verifying 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 during the entire forecast period; The country represented an important part of the market in 2018. The increase in crime rates, cyber attacks and terrorist attacks are the main factors driving the access control market in the United States. The National Security Council is using the United States Standard for biometric detection, which is a ten fingerprint scan. The fingerprints of visa applicants are collected at all embassies and consulates of the United States. 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 systems for the identification of hygienic patients; This trend is driving the contactless biometric market of the United States towards continued solid growth in the coming years. In addition, this pattern is considered a hot trend in the United States.
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Global access control market: Regional Segment Analysis (Volume of regional production, volume of consumption, income and growth rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, United Kingdom, France, Italy, Russia, Spain and Benelux)
- Pacific Asia (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- Middle East and Africa
Key questions answered about the access control market:
- What is the size of the market and the growth rate of the global and regional market by several segments?
- What is the size of the market and the growth rate of the access control market for selective countries?
- What region or sub-segment selected is expected to drive the market in the forecast period?
- What factors are estimated to boost and curb market growth?
- What are the main technological and market access control trends that shape the market?
- What are the key companies that operate in the market?
- Which company represented the largest market share?
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Reasons to buy the access control market report:
- The report analyzes how strict emission control standards will boost the global access control market.
- Analyzing various market perspectives with the help of Porter's five forces analysis.
- Study on the type of product expected to dominate the market.
- Study the regions expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the main players in the access control market.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
Scope of the report:
The report analyzes the access control market, which includes:
- Analysis of the growth of the access control market at global and regional level, including Asia-Pacific, America and EMEA.
- The report provides access control market analysis for key countries, including EE. USA, Canada, Chile, China, India, Japan, United Kingdom, Germany, France and Italy.
- The report offers the volume and value of the access control market at the country level by end user segment for the period 2012-2023.
- The qualitative analysis of the key drivers and restrictions of the market, and the analysis of their impacts on the Access Control market are discussed.
- The report provides a competitive landscape at the country level for the year 2018. It also covers key policies and initiatives, key agreements and upcoming key projects.
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