Access control market reports help you prepare to better manage business cycles while anticipating the future. The Outlook report of the access control industry helps you anticipate upcoming trends. The access control market represented $ XX million in 2018 and is expected to reach $ XX million by 2024, registering a YGR% CAGR from 2019 to 2024.
The size of the access control market will grow from USD 6.91 billion in 2017 to USD 10.05 billion by 2023, at an estimated annual growth rate of 6.42%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Factors such as the high adoption of access control solutions due to growing security concerns, technological advances, the deployment of wireless technology in security systems and the adoption of security systems based on the Internet of Things (IoT) They drive this market. Market growth may be directly related to the growth of the commercial sector and the increase in security threats worldwide. The adoption of access control systems is growing in existing and potential market segments, such as banking and finance, businesses, retail and hotel trade.
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List of the main actors included in the access control market research report:
ASSA ABLOY AB, Johnson Controls International plc, Dorma + Kaba Holding AG, Allegion plc, Honeywell Security Group, Identiv, Inc., Nedap NV, Suprema HQ Inc., Bosch Security Systems Inc., Gemlato NV, OT-Morpho, Brivo, Inc., Vanderbilt Industries, Adman Technologies Pvt. Ltd, Innovation in access control,
Physical access control, electronic access control, logical access control, network access control, mobile access control
By hardware components
Card-based readers, biometric readers, multiple technology readers, electronic locks, controllers
Commercial, Military and Defense, Government, Residential, Education
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The global access control market is segmented according to the product, the end user and the region.
As for the region, it is analyzed in North America (USA, Canada and Mexico), Europe (Germany, United Kingdom, Italy, Spain, France and the rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan and the rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).
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In addition, other factors that contribute to the growth of the Access Control market include favorable government initiatives related to the use of Access Control. On the contrary, the high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
Key benefits for stakeholders of the Access Control Market Report:
This report involves a detailed quantitative analysis together with the current trends in the global access control market from 2019 to 2026 to identify the prevailing opportunities along with the strategic evaluation.
The size and estimates of the access control market are based on an exhaustive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the main market players are listed to understand the competitive scenario of the access control industry.
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