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Global Access Control Market Size 2019, CAGR Status, Analysis, Business Overview and Development Strategies by 2024 – 360 Market Updates

Access Control

Access Control Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Access Control market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Access Control Market report is anticipated to register a CAGR of 8.41% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Access Control Market are –

  • Honeywell Security Group
  • Amag Technology
  • Inc.
  • Gallagher Group Limited
  • ASSA Abloy AB Group
  • Gemalto N.V.
  • Crossmatch Technologies
  • Inc
  • Morpho SA
  • Samsung Techwin
  • 3M Cogent
  • Inc.
  • NEC Corporation.

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 a CAGR of 8.45%, over the forecast period (2018-2023). The scope of the report is limited to Type products offered by major players which involves Hardware, Software, and Services. While the Verticals considered in the scope of the report include Commercial, Residential, Logistics & Retail, Government & Transportation, Industrial, Healthcare, Military and Defense.

The access control systems are used to regulate and monitor the entry and exit of people at various places, and ensure safety and security. The application of access control systems range from residential buildings to high-end security, such as airport terminals and border security points. The access control systems offer a wide range of access options, such as biometrics, cards & readers, controllers and management software/database/servers. In the biometric access control system, the entry or authentication is controlled by either fingerprint, or face recognition, or by iris and voice recognition. The biometric systems are used in critical locations, which require high levels of security, such as government and military facilities, airports, and pharmaceutical laboratories.

Increasing threats for identity theft emphasize the growth in the use of access control for Governments.

According to the FBI’s Internet Crime Complaint Center (IC3), the Business Email Compromise (BEC) scam saw an increase of 1,300% in identified exposed losses, totaling over 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 accounts for about 5% of annual revenue for companies. The implementation of access control systems contributes to the growth in the safety and security of office surroundings. Such identity theft of data has been increasing owing to which governments have been adopting the use of access control systems. As the cyber attacks, frauds and government authentication mandates continue to grow in sophistication and scope, the need to strengthen security while reducing costs is paramount across various industry verticals.

Residential Control Systems Are One Of The Prime Markets For Access Control Market.

Modern society is increasingly seeking new ways to simplify their lives. The ultimate goal is to fit more activities into the same space of time but with the least exertion of physical energy. At the same time, the increasing theft attacks and enhanced insecurity in the society leads to the strong measures taken for security. An access control system has innovative features that keep homeowners safe and secure. The benefits of using access control systems for residential use is that they provide an increased layer of security. At the same time, access control provides remote access feature to control panel and doors of the home thus make it easier use for the people with busy schedule. The technological advancement in access control also provides the option of accessing the house and check the security of the house even if not in the same city or state.

North America Has Been Found To Have High Adoption For Business Process Management.

The Unites States is expected to dominate the North America access control market throughout the forecast period; the country accounted for a major share of the market in 2018. Increase in crime rates, cyber-attacks and terrorist attacks are the major factors that are driving forward the United States access control market. The Homeland Security Council is using the United States Standard for Biometric Screening, which is a ten fingerprint scan. Fingerprints of visa applicants are collected at all United States Embassies and Consulates. The increasing demand for more secure solutions has resulted in technologically advanced security products. In addition, there is an increasing demand in the healthcare segment for hygienic biometric patient identification systems; this trend is driving the United States noncontact biometric market towards continued robust growth in the coming years. In addition, this pattern is considered to be a burning trend in the United States.

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Scope of the Report:

The report analyses Access Control market, which includes –

  • Analysis of the growth of Access Control market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Access Control market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Access Control market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Access Control market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Access Control Market Report:

  • Varying dynamics of the Access Control industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Access Control market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Access Control market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Access Control Market Report:

  • The report analyses how stringent emission control norms will drive the global Access Control market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Access Control market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Access Control:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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