Press release
Access Control Market Trends, Size, Segments, Emerging Technologies, and Market Growth by Forecast to 2030
The global access control market is growing rapidly, witnessing a spurting rise in demand for security technologies. Access control technologies have taken the paradigms of security up to the ascended level, evolving dramatically. Access control leverages the latest technologies to offer complete and accurate fingerprint scanning to voice recognition and biometric solutions that can not only capture images but also analyze real-time video data, transforming the way identification and personal information of individuals.
These advantages are escalating the growth of the market. According to Market Research Future (MRFR), the global access control market is poised to create a valuation of USD 12.53 BN by2023, growing at 9% CAGR during the review period (2018-2023). Organizations are capitalizing upon existing surveillance infrastructures, access control, and time & attendance applications. Rising deployments of wireless technology in security systems accelerate market growth.
Additionally, the broader adoption of IoT based security systems with cloud computing platforms substantiates the growth of the market. COVID 19 pandemic is expected to increase the size of the market, increasing the prominence of remote Access Control technologies. Growing numbers of offices are integrating upgraded access control solutions that can eliminate needs for key cards, fobs, or traditional keys.
Increasing uptake of next-generation biometrics in border security control, crime-fraud prevention & detection, attendance recording, and payment systems, influences the market growth. Besides, the proliferation of next-generation biometric products in government and travel & immigration industry verticals impact the market growth positively. Conversely, the lack of awareness about advanced security systems & concerns is the primary factor estimated to impede the market growth.
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Access Control Market Segmentation
The report is segmented into three dynamics;
By Technology : Authentication Systems (biometric, card-based, touch screen & keypads, door contacts, intruder alarm systems, others), Alarm Panels, Detection Systems (motion detector, glass break detector, and door/window sensor, others), Communication Devices, Perimeter Security System (free standing perimeter security, buried perimeter security, others), and others.
By Application : Homeland Security (defense & government buildings), Commercial (airports, financial institutions, healthcare, telecommunication, stadiums, others), Industrial, Residential, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Access Control Market Regional Analysis
North America dominates the global access control market. The largest market share attributes to vast technological advancements and increasing adoption by law enforcement agencies and enterprises. Besides, early adoption of the latest identification & recognition technologies and in various industries, enterprises, and residential properties across the region drive market growth.
Europe stands second in the global access control market. The market growth is driven by the rising uptake of advanced biometric-enabled access control to reduce the risk of burglary and theft. Additionally, the rapid urbanization and increasing office & residential premises is a major factor behind the growth of the regional market. Furthermore, illegal immigrants in the region push the growth of the market, posing the risk of theft/ perimeter intrusion.
The access control market in the Asia Pacific region is growing rapidly. Factors such as considerable advancements in the related technologies and the availability of futuristic yet cost-competitive identification technologies act as a major tailwind for the market growth.
Also, the increasing adoption of advanced access control across government and commercial sectors to identify individuals provides a significant impetus to the growth of the regional market. Additionally, the dynamic growth in industries such as web, telecom, data centers, and the internet of things (IoT) substantiates the growth of the regional market.
Global Access Control Market Competitive Analysis
Highly competitive, the access control market appears fragmented owing to the presence of several well-established players. To gain a larger competitive share, mergers & acquisitions, collaboration, brand reinforcement, and innovation remain key trends of industry players. Players make substantial investment research and development of innovative technologies and to upgrade their product portfolio.
Major players:
Players leading the access control market include Gemalto NV (Netherlands), ASSA ABLOY AB (Sweden), Allegion PLC (Ireland), Tyco International PLC (Ireland), NEC Corporation (Japan), Honeywell Security Group (US), Gunnebo AB (Sweden), Bosch Security Systems Inc. (Germany), NAPCO Security Technologies Inc. (US), and Crossmatch Technologies Inc. (US), among others.
Additional players holding a sizable market share are Identiv, Inc. (US), Dorma+Kaba Holding AG (Switzerland), Nedap N.V. (Netherlands), Ot-Morpho (France), Suprema HQ Inc. (South Korea), Amag Technology, Inc. (US), Lenel Systems International, Inc. (US), Forescout Technologies, Inc. (US), Brivo, Inc (US), Adman Technologies Pvt. Ltd. (India), Vanderbilt Industries (Ireland), Axis Communications AB (Sweden), Time and Data Systems International Limited (UK), and Access Control Innovation (Hong Kong).
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Industry/ Innovation/ Related News:
August 12, 2020 ---- Hytera America, a leading market-leading manufacturer, and supplier of two-way radio communications technology, launched the SmartGuard biometrics access control solution. Hytera SmartGuard provides non-contact body temperature screening, reducing the risk of virus transmission and facial recognition to validate employee identity for building access.
The infrared temperature screening accurately reads the temperature of visitors and employees standing in front of the device with 0.54 degrees Fahrenheit accuracy. If a temperature reading exceeds the present threshold, SmartGuard provides an audible alarm and sends messages to the management software. This eliminates the need for hand-held temperature readers in the proximity.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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