This report provides forecast and analysis of the access control market which is projected to soar at a CAGR of 6.20% growing from a market value of USD6.410 billion in 2018 to attain a market size of USD9.194 billion in 2024.

The market is poised to grow in the forecast period with the growing concerns related to data breaches, which in turn has increased the cybersecurity measures. By product, the hardware segment is expected to hold a significant share followed by the software segment to be the fastest-growing. Additionally, with the growing demand for better access controls providing efficient security is further driving the growth of the global access control market in the forecast period. Hence, concerns regarding an employee’s safety, in addition to the safety of the organization’s data is strengthening the market growth in the forecast period.

On the basis of geography, the Asia Pacific region is expected to achieve high growth due to the growing industrialization especially in countries like India and China. Also, with rampant urbanization, rising demand from consumers for smart access control systems to be installed in smart homes is fueling the market demand. Furthermore, the rapidly expanding domain is creating a huge opportunity for the installation of access control systems along with technological advancements.

North America and Europe are accounted to hold a significant market share with stringent regulations for achieving better security of data and protecting an individual’s identity, further putting pressure on the organizations in keeping themselves up-to-date with advanced access control systems.

Some of the major players covered as part of the report are Vanderbilt Industries, Honeywell International Inc., and Siemens.

This report segmented the access control market on the basis following terms:

• By Product

o Hardware
 Biometrics
 Cards and Readers
 Mobile Phones
 Others
o Software

• By Service
o Installation and Integration
o Support and Maintenance
o Professional Services

• By Deployment
o Cloud
o On-premise

• By End User Industry
o Telecommunication
o BFSI
o Government
o Healthcare
o Others

• Geography
o North America
 United States
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 Spain
 United Kingdom
 Others

o Middle East and Africa
 UAE
 Saudi Arabia
 Others

o Asia Pacific
 China
 Japan
 India
 South Korea
 Others


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