Global Access Control Market, By Component (Hardware and Software), By Service (Installation and Integration, Maintenance and Support and Access Control as a Service (ACaaS)), By Vertical (Commercial, Military and Defense, Government and others) and By Geographical Segments (North America, Asia Pacific, South America and others)- Industry Trends and Forecast to 2024
Market Analysis: Global Access Control Market
The Global Access Control Market accounted for USD 6.23 billion in 2017 and is projected to grow at a CAGR of 6.9% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Access Control Market
Access Control is any instrument by which a mechanism that allows or nullify the privilege to get to a few information, or perform some activity. The growing technological advancements and combination of access control items with a tremendous sort of advances, for example, biometrics and cell phones are the main considerations driving the development of the entrance control showcase. Advanced access control with security administration frameworks provides biometrics which is included in their products, is a key quality in the airport market. Software solutions through solid biometric associations, give the multi-factor get to control required to meet government details for high confirmation.
Logical access can be characterized as the demonstration of getting to information or any data in a figuring situation. Data security deals in avoiding unapproved get to, utilize, exposure, alteration of data. Data security is fundamentally worried to give secrecy, honesty and accessibility of information. As the name says everything, an entrance control framework gives the specific confinement of access to a place or an asset of information data. There exist two sorts of access control frameworks including mechanized access control frameworks and manual access control frameworks. Manual access control frameworks have been sectioned into two kinds: mechanical and electronic access control frameworks. As one of the leaders in access controls systems, Nortech is proud of its approach to product engineering to ensure quality and reliability in both its products and services. It values its ISO 9001:2008 quality standard and is now comprehensively working towards the ISO 9001:2015 standards for mid-2018, having already flown through the external audit process.
Market Drivers and Restraints:
- Growing adoption of wireless technology.
- Rising concerns of safety and security.
- Adoption of security systems with cloud computing platforms.
- High implementation costs and up fronts.
- Reluctance in changing security control measures.
- Data theft within the organization.
Market Segmentation: Global Access Control Market
- The global access control market is segmented based on component, service, vertical, and geographical segments.
- Based on the component, the global access control market is segmented into Hardware and Software. Hardware segment is further sub segmented into card-based readers, biometric readers, multi-technology readers, electronic locks, controllers, and others (RFID tags, cards, keypads, door sets, and servers).
- Based on service, the global access control market is segmented into Installation and Integration, maintenance and support and access control as a service (ACaaS).
- Based on vertical, the global access control market is segmented into commercial, military and defense, government, residential, healthcare, education, manufacturing and industrial and transportation.
- Based on geography the global access control market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis: Global Access Control Market
The global access control market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of access control market for global, Europe, North America, Asia Pacific and South America.
Key players: Global Access Control Market
Some of the major players of the global access control market are ASSA ABLOY AB, Johnson Controls International plc, Dorma+Kaba Holding AG, Allegion plc, Honeywell Security Group, Identiv, Inc., Nedap N.V., Suprema HQ Inc., Bosch Security Systems Inc., Ot-Morpho, Gemalto N.V., Amag Technology, Inc., Gunnebo AB, NEC Corporation, Crossmatch Technologies, Inc., NAPCO Security Technologies, Inc, Forescout Technologies, Inc., Hid Global, Lenel Systems International, Inc., Brivo, Inc, Vanderbilt Industries, Adman Technologies Pvt. Ltd., Axis Communications AB, Access Control Innovation, Time and Data Systems International Limited and Nortech.
Research Methodology: Global Access Control Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
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Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others