IMARC Group, a leading market research company, has recently releases report titled “Access Control MarAccess Control Market Size, Key Players, Demand and Forecast 2023-2028ket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global access control market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the access control market?
Report Attributes
Details
Market Size in 2022
US$ 9.2 Billion
Market Forecast in 2028
US$ 14.5 Billion
Growth rate (2023 to 2028)
CAGR of 7.7%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is Access Control?
Access control system represents a security technique that restricts unauthorized access to physical assets, such as buildings, campuses, cards, and sensitive data, including network, files, usernames, passwords, etc. It generally involves verifying the authenticity of a website with a digital certificate, validating personal identity documents, checking login credentials against stored details, etc. Presently, numerous organizations are relying on access control systems that incorporate card readers, user credentials, intercom, auditing, and reporting. They generally initiate lockdown procedures and restrict unauthorized entry into buildings and rooms.
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What are the growth prospects and trends in the access control industry?
The increasing incidences of cybersecurity threats and attacks, owing to the widespread adoption of remote working models, are primarily driving the access control market. Additionally, the growing usage of multi-factor authentication (MFA) systems that rely on key fobs, passwords, biometrics, and personal identification number (PIN) to verify the identity of individuals is further bolstering the market growth. Besides this, healthcare firms are leveraging electronic and physical access control systems to ensure data privacy and prevent the unauthorized disclosure of protected health information (PHI), which is acting as another significant growth-inducing factor. Moreover, the escalating demand for access control systems to track and monitor purposes, prevent data breaches, ensure business continuity, etc., is positively influencing the global market. Apart from this, the inflating need for security control in large industrial applications, commercial buildings, schools, and apartments is also stimulating the market growth. Furthermore, continuous technological advancements, including the introduction of biometric authentication and facial recognition, are anticipated to fuel the access control market over the forecasted period.
The report covers the major market players including:
- Allegion plc
- Assa Abloy AB
- Axis Communications AB (Canon Inc.)
- Bosch Security Systems LLC
- dormakaba Holding AG
- Honeywell International Inc.
- IDEMIA, Identiv Inc.
- Johnson Controls International
- NEC Corporation (AT&T Inc.)
- Nedap N.V.
- Panasonic Corporation
- Schneider Electric SE
- Thales Group.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Controller
- Reader
- Locks
- Software
Breakup by Type:
- Card-based
- Contact
- Contactless
- Biometric-based
- Fingerprint
- Face Recognition
- Face Recognition and Fingerprint
- Iris Recognition
- Others
Breakup by End User:
- Government
- Military and Defense
- Commercial
- Healthcare
- Manufacturing
- Transport
- Education
- Residential
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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