Global Access Control and Authentication Market Analysis Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global access control and authentication market analysis market in its upcoming report titled, “Global Access Control and Authentication Market Analysis Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global access control and authentication market is estimated to register a CAGR more that 9.5% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global access control and authentication market report has been segmented on the basis of product type, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Access control and authentication systems monitor people and object, control their access, and prevent intrusion, the systems restrict access to a place. Access control and authentication serves for various end-use industries such as public sector and government, industrial and manufacturing sector, transportation, logistics, business organization – banking, financial services, and insurance, IT and telecom sector, retail, healthcare & educational institutions, etc.
Rising demand for safety and security systems across the globe is a key factor expected to drive growth of global market over the forecast period. In addition, increasing adoption of access control and authentication systems in various end-use industries such as insurance, banking, financial services, hospitality, logistics, retail, educational institutes, and transportation is another factor expected to fuel growth of this market in the near future. Furthermore, improved infrastructure and increasing awareness of confidentiality and data security are other factors expected to boost growth of the target market over the forecast period. Moreover, introduction of MasterCard and visa compliant smart cards are the other factors expected to propel growth of the global market in the near future.
However, high costs of access control and authentication systems is a key factor expected to restrain growth of the global market over the forecast period
Ongoing trend observed in the target market is increasing preference towards physical and logical access control solutions across various industries.
Increasing technological advancements and rising adoption of mobility-based solutions by various industrial applications are major factors expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in North America followed by Europe is expected to dominate the target market in terms of revenue over the forecast period, owing to rising government initiatives towards security of public and advanced product development in various countries in these regions. In addition, the market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to increasing investment in technologically advanced security solutions by various private as well as government sectors in various countries in this region.
Global access control and authentication market segmentation:
Segmentation by product type:
- Electronic Access Control
- Card-based Access Control
- Radio frequency Identification
- Automatic Number Plate Recognition
- Document Reader
Segmentation by end-use industry:
- Transportation and Logistics
- Banking, Financial services and Insurance (BFSI)
- Government and Public Sector
- Utilities and Energy
- IT & Telecom sector
- Educational Institutions
- Others (media & entertainment, manufacturing sector, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Bosch Sicherheitssysteme GmbH
- Panasonic Corporation
- 3M Company
- Honeywell Group
- Axis Communications AB
- Cisco Systems, Inc.
- Access Limited
- Suprema Inc.
- Canon Inc.
- Genetec Inc.
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