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Industrial Access Control Market by Component, and Software, Service, Application, and Geography - Global Forecast to 2023

Industrial Access Control Market: Global Forecast until 2023

  • June 2017
  • 150 pages
  • ID: 4954770
In this report:
The industrial access control market for card-based readers registered a shipment of ## thousand units in 2016 and is expected to reach ##,## thousand units by 2023, at a CAGR of ##.##% between 2017 and 2023.
The industrial access control market for electronic locks registered a shipment of ## thousand units in 2016 and is expected to reach ##,## thousand units by 2023, at a CAGR of ##.##% during the forecast period.


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"Industrial access control market to grow at a CAGR (Compound annual growth rate) of ~8.3 percent between 2017 and 2023"

The industrial access control market is forecasted to reach $1317.90M by 2023, at a compound annual growth rate (CAGR) of ~8.3 percent between 2017 and 2023. The main reasons for the increase ot the industrial access control is the high adoption of access control solutions due to increasing security concerns, technological improvements and deployment of wireless technology in security systems, and adoption of Internet of Things -based security systems. Lack of awareness for advanced security solutions in industrial applications is a main restraining factor for the increase ot the industrial access control market.

"Utilities application drives the industrial access control market; it held the biggest market share in 2016"

Utilities application is the biggest application driving the rise of industrial access control market for security purposes. Protecting the infrastructure and assets from threats including accidents, vandalism, theft, sabotage, and terrorism is the main concern for utilities application. These security issues growth the industry demand for access control systems and solutions for this application. These factors are anticipated to propel the increase of the industrial access control market for utilities application.

"Asia-Pac is anticipated to be the quickest developing market"

This analysis includes the industrial access control market in North America (NA), EU, Asia Pacific (APAC), and Rest of the globe. The industrial access control market in Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2023. The huge population base, growing investments for digitalization, a big number of research and growth activities, and rising focus on industrial applications are some of the important factors that have contributed to the rise of the industrial access control market in this area.

Key players' distribution profiles:

• By Company category: Tier 1 = 35.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 35.0 percent

• By Description: C-suite executives = 40.0 percent, Directors = 35.0 percent, and Others = 25.0 percent

• By Area: North America continent = 25.0 percent, Europe (EU) = 35.0 percent, Asia-Pac = 35.0 percent, and RoW = 5.0 percent

The top players in the industrial access control market decribed in this market report are ASSA ABLOY AB, Johnson Controls International PLC, dorma+kaba Holding AG, Allegion plc, Honeywell Security Group, NEC (Nichiden TYO:6701), Bosch Security Systems Inc., Identiv, Incorporated, Siemens Building Technologies, and 3M Company (NYSE:MMM).

Segment Research

The analysis offers a clear review of industrial access control and its usages across distinct applications, components, services, and localities. This business report aims to estimate the market value and upcoming growth potential of this market across the above segments. The market research also comprises a detailed competitive analysis of the top players in this sector, together with their company descriptions, product offerings, recent evolutions, and key industries strategies.

Why Purchasing This Study Can Help You:

• this business report includes market statistics pertaining to components, together with its respective market volumes.

• Major drivers, market restraints, opportunities, and alternatives for the increase ot the industrial access control market have been offered in this industry report.

• Illustrative segmentation, review, and forecast by component, service, application, and area have been conducted to provide an global view of the industrial access control market.

• this business report will facilitate partners better comprehend their players and obtain business insights on ways to enhance their rank in the business sector. The competitive outlook section includes the competitor ecosystem, product developments, and mergers and acquisitions.

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