Dhabi, UAE, May 13, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Access Control Market Research Report: By Type, Applications, End-Users - Forecast Till 2030, the market is anticipated to acquire a valuation of approximately USD 20,464.96 Million by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 8.86% during the assessment timeframe.
Access Control Market Competitive Landscape:
The affluent companies in the Access Control Logistics industry include
- ASSA ABLOY
- THALES GROUP
- ALLEGION PLCNEC CORPORATION
- YCO INTERNATIONAL PLCHONEY
- WELL, INTERNATIONAL, INCBOSCH SECURITY SYSTEMS, LLC.
- GUNNEBO ABHID GLOBAL CORPORATION
- NAPCO SECURITY TECHNOLOGIES, INC.
- DORMAKABA GROUPIDENTIV, INC.
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Access Control Market Report Scope:
| Report Metric | Details |
| Revenue Forecast in 2030 | USD 20,464.96 million |
| Growth Rate | CAGR of 8.86% from 2022 to 2030 |
| Base Year | 2021 |
| Study Period | 2022-2030 |
| Key Market Opportunities | Adoption of Access Control as A Service (ACaaS) Implementation of Mobile-Based Access Control |
| Key Market Drivers | Growing demand for enhanced security system Large-scale adoption of Internet of Things (IoT) and cloud computing platform |
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Access Control Market Synopsis
Access control refers to the process of regulating who can access specific areas or resources within a building or organization. Access control systems can range from simple mechanical locks and keys to sophisticated electronic systems that use biometric identifiers, such as fingerprints or facial recognition, to grant or deny access.
Access control systems are used in a variety of applications, including commercial, residential, government, and industrial settings. In commercial buildings, access control systems are often used to restrict access to certain areas, such as server rooms or executive offices. In residential settings, access control systems can be used to monitor and restrict entry to gated communities or apartment buildings. In industrial settings, access control systems can be used to restrict access to hazardous areas or to ensure that only authorized personnel have access to sensitive equipment.
April 2021
when ASSA ABLOY, a leading manufacturer of access control systems, announced the launch of a new range of mobile-enabled access control solutions. The new range includes mobile-enabled locks, readers, and credentials, which allow users to control access to their facilities through their mobile devices. This development reflects the growing trend towards mobile-based access control solutions, which offer greater convenience and flexibility than traditional access control systems.
Market USP Covered:
Market Drivers:
The Access Control Market includes the increasing demand for enhanced security measures, the growing adoption of cloud-based access control systems, and the increasing use of biometric technology. With the rise of cyber threats and security breaches, businesses and organizations are increasingly looking to implement more robust security measures, including access control systems. Cloud-based access control systems offer greater flexibility and scalability than traditional systems, making them more attractive to businesses of all sizes. Biometric technology, including facial recognition and fingerprint scanning, provides an added layer of security, as it is more difficult to fake or duplicate biometric data than traditional credentials.
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Market Restraints:
One of the main market restraints for the Access Control Market is the high cost of implementation and maintenance. Access control systems can be expensive to install and maintain, particularly for larger facilities or organizations. Additionally, access control systems may require regular updates or upgrades to ensure that they remain secure and effective, adding to the ongoing costs of implementation.
COVID 19 Analysis
The COVID-19 pandemic has had a significant impact on the Access Control Market, as businesses and organizations have sought to implement new safety measures to prevent the spread of the virus. The pandemic has led to an increased demand for touchless access control solutions, such as facial recognition or mobile-enabled systems, to minimize the risk of transmission through shared surfaces. In the post-COVID scenario, the demand for touchless access control solutions is expected to remain high as businesses continue to prioritize health and safety.
Access Control Market Segmentation
By Technology
The Technology in the market includes Authentication Systems [Biometric, Card Based, Touch Screen And Keypads, Door Contacts, and Intruder Alarm Systems], Detection Systems [Motion Detection, Glass Break Detector, and Door/Window Sensor], Alarm Panels, Communication Devices, and Perimeter Security Systems [Free Standing Perimeter Security, and Buried Perimeter Security]
By Application
The Detection System in the market includes Homeland Security [Defense and Government], Commercial [Airports, Financial Institutions, Healthcare, Telecommunications, and Stadi
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Regional Insights
North America is expected to dominate the Access Control Market, with the presence of key players such as Honeywell International Inc., Johnson Controls International plc, and Cisco Systems, Inc. Europe is also a significant market, with the growing adoption of access control systems in commercial and government settings. The Asia-Pacific region is expected to witness significant growth, driven by the increasing demand for access control systems in industrial and manufacturing settings, as well as the growing adoption of cloud-based solutions in the region.
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