Global Access Control Market Overview
Growing security concerns, increasing crime rates coupled with growing awareness towards the benefits of access control solutions in various sectors have propelled the growth of access control globally. Additionally, growing industrialization and the commercial sector on the back of rising government investments have also fueled the demand for access control systems. Moreover, increasing adoption of wireless technology used for security systems in most of the developed and developing countries would lead to further growth in the deployment of access control system over the coming years.
According to 6Wresearch, the Global Access Control Market size is anticipated to register growth during 2019-25. Emerging adoption of Access Control as a Service (ACaaS) coupled with increasing penetration of mobile-based access control solutions would push the market growth in the forthcoming years. On the basis of access control market type, card reader access control solutions captured the majority of the market share in 2018 due to the product’s properties such as high reliability and low pricing compared to its substitutes. Further, the growing popularity of smart and proximity cards to monitor and record the day-to-day activities of an employee would spur the demand for the access control market during the forecast period.
North America region has dominated the market revenues over the past years due to the increasing adoption of access control solutions by organizations in the United States. However, the Asia Pacific region is expected to experience substantial revenue growth over the coming years owing to continuous development in emerging economies such as China and India.
The global Access Control market is anticipated to witness substantial growth in the coming timeframe on the back of the rising security concern in the developed and developing countries. Further, on the basis of end-users, the residential sector is expected to generate high sales revenues in the market owing to rising construction of residential buildings due to Increased expatriate population globally where access control technology is highly installed in order to ensure children safety, therefore this access control technology proven evident and leave a positive impact over the market growth of access control globally in the upcoming six years.
Key Highlights of the Report:
- Global Access Control Market Overview
- Global Access Control Market Outlook
- Global Access Control Market Forecast
- Market Drivers and Restraints
- Market Opportunity Assessment
- Global Access Control Market Share, By Players
- Porter’s Five Force Analysis
- Global Access Control Market Share, By Regions
- Global Access Control Market Trends and Industry Life Cycle
- Company Profiles
- Key Strategic Recommendations
- Global Access Control Market Overview on Competitive Benchmarking
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