Access Control Market Size By Component, By Vertical, By Competitive Landscape, By Geographic Scope And Forecast


Posted February 13, 2020 by jennysmith

Access Control Market was valued at USD 7.13 Billion in 2018 and is projected to reach USD 13.15 Billion by 2026, growing at a CAGR of 7.91% from 2019 to 2026.

 
Access Control Market Size And Forecast
According to Verified Market Research, the Global Access Control Market was valued at USD 7.13 Billion in 2018 and is projected to reach USD 13.15 Billion by 2026, growing at a CAGR of 7.91% from 2019 to 2026.

What is Access Control?
Access Control is the measure to improve the security of any computing environment by restricting access to unauthorized resources. It comprises of the logical and physical access. Logical access control connects with the system files data, computer network while, physical access control limits to physical IT assets, buildings, and campuses. The solution provided by the access control includes the verification of the person’s identity by biometric or access cards, and verify the same with any business organizations to enables access. It widespread its application in various industries such as defense and military, IT sectors and others.

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Global Access Control Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The increasing security concerns for the data safety and growing penetration of cyber threats are the key factors fueling the market growth. In addition, the rising adaption of wireless technology and electronic devices are the other factor accelerating market growth. Moreover, owing to technological innovations the emergence of the internet of things for connected devices, cloud computing, and blockchain technology contributes to impose a positive outlook on the market. However, the unawareness among the population for the security solutions and high prices associated with it expected to hinder the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Access Control Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Access Control Market Competitive Landscape
The “Global Access Control Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Suprema HQ Inc., Honeywell Security Group, Identiv, Inc., Allegion plc., Assa Abloy AB, Johnson Controls International plc, dormakaba Holding AG, Nedap N.V., Bosch Security Systems Inc., and Gemalto N.V.

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Access Control Market, By Component
• Services
• Software
• Hardware
o Card-Based Readers
o Biometric Readers
o Multi-Technology Readers
o Electronic Locks
o Others

Access Control Market, By Vertical
• Commercial
• Military and Defense
• Government
• Manufacturing and Industrial
• Transportation
• Others

Access Control Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Issued By vmr
Country United States
Categories Business , Industry
Tags access control market
Last Updated February 13, 2020