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

Access Control Market: Global Forecast until 2023

  • August 2017
  • 175 pages
  • ID: 5061078
In this report:
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"Access control market to grow at a CAGR (Compound annual growth rate) of ~6.5 percent between 2017 and 2023"

The access control market is anticipated to be worth ~$10.0B by 2023, increasing at a compound annual growth rate (CAGR) of ~6.5 percent between 2017 and 2023. The main drivers for the increase ot the access control market are the high adoption of access control systems due to increasing security concerns, technological improvements, the deployment of wireless technology in security systems, and the adoption of Internet of Things -based security systems. Less awareness among final users about advanced security solutions is a main restraining factor for the increase ot the access control market.

"Commercial vertical held most important market share in 2016"

The commercial vertical is the biggest vertical driving the rise of the access control market. Protecting the infrastructure and assets from threats including accidents, vandalism, theft, sabotage, and terrorism is the main concern in banking, and finance and retail markets. These security issues growth the industry demand for access control systems and solutions for this vertical. These factors are anticipated to propel the increase of the access control market for the commercial vertical.

"Access control market in Asia-Pacific forecasted to grow at topmost cagr during projection period"

This analysis includes the access control market in North America (NA), EU, Asia-Pac, and RoW. The 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, increasing terrorist activities, and rising focus on commercial and industrial verticals are some of the important factors that have contributed to the rise of the access control market in this area.

Breakdown of profiles of primary members taking part:

• 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 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, Identiv, Incorporated, Nedap N.V., Suprema HQ Inc., Bosch Security Systems Inc., Gemalto N.V., and OT-Morpho.

Segment Research

The analysis offers a comprehensive review of the access control market broken down on the basis of vertical, component, service, and territory. This business report aims to estimate the size and future increase potential of the access control market across the abovementioned segments. The market research also comprises an detailed study of the top actors 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 their respective market volumes.

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

• Illustrative segmentation, review, and forecast by component, service, vertical, and area have been performed to provide an global view of the 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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