The Global Access Control Market to grow at a CAGR of 13.2% to reach $16.66 Billion by 2025 from $6.05 Billion in 2017 driven by demand for security solutions, SMEs adopting security systems has created growth avenues especially in the developing economies of the world.
This report focuses on the Access Control Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Access Control development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
Key players in the market are taking measures to gain maximum benefit from on the opportunities in emerging markets. Some of the major players in the access control market include Gemalto N.V., Honeywell Security Group, Siemens Building Technologies, ASSA ABLOY AB, NEC Corporation, Johnson Controls International plc, AMAG Technology, Inc., Schneider Electric SE, Gallagher Group Ltd., and Identiv, Inc. among others. Various other companies also operate in the global market, with enhanced products and solutions and significant customer base.
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The solutions featuring secure and bi-directional communications with innovative encryption methods enabled by employing standards including Open Supervised Device Protocol (OSDP) is projected to propel the growth of the market. Further, when access control technology is combined with video surveillance, it helps to smoothly scale-up to address more complex demands of security. This helps the hardware and software to communicate with each other, thus providing a more holistic view of security and improving analytics and reporting functions. In addition, leveraging the innovative technologies including behavioral biometrics is expected to increase the level of authenticity for access control systems.
With advancements in access control products, risk in security breaches rise including hacking of fingerprints to take out valuable information from the confidential documents. This poses a significant need for the federal organizations to deploy better access control products to address these threats. With the help of government initiatives in the area of safe & secure city to protect infrastructure facility, physical plant, buildings, people, Individual facilities, and complete metropolitan areas, demand for access control is expected to boost. Owing to the fact, the Governments of the countries are also looking forward to take more initiatives to deploy video surveillance cameras in public places as well to maintain law and order, and minimize the crime rates.
The global access control market is segmented on basis of five strategic regions including; North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America accounted for the largest share in 2017 in global access control market. Asia Pacific followed by Middle East and Africa regions are foreseen to exhibit enormous growth in adopting the access control products. The emergence of IoT-oriented technologies and growing security concerns in the region is expected to drive growth. Further, strong economic growth in the region has supplemented the market growth.
The government of various economies in the Asia Pacific region are highly concerned about the security issues to avoid access from unauthorized visitors. Government of various countries in Asia Pacific such as Singapore, Hong Kong and others are adopting the momentum of Smart Cities thereby, investing in the development of internet infrastructure in the countries with an aim to bring urbanization. This would further increase the growth of various security measures in order to maintain the law and order of respective counties and mitigate crime rates and civil unrest activities.
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Moreover, the governments of respective countries are heavily procuring IP cameras for airports, bus and railway stations, traffic signals, subways, sports stadiums, recreational centers, and commercial parking space among others to gather sufficient data along with analysis of the situation in case of any criminal misconducts. The smart city programs are impacting positively on the growth of access control market in the Asia Pacific region.
The report segments the global access control market as follows:
Global Access Control Market – By Type
- Hardware
- Software
- Services
Global Access Control Market – By Application
- BFSI
- Residential
- Commercial
- Healthcare
- Government & Transport
- Others
Global Access Control Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of Asia Pacific
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
South America (SAM)
- Brazil
Key Benefits of Buying this Research Study:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Access Control market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Access Control market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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