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Access Control Market Size, Share, Trends, Growth by Top Company, Application, Drivers, Trends & Forecasts by 2023

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Access Control Market Size, Share, Trends, Growth by Top Company, Application, Drivers, Trends & Forecasts by 2023

April 23
07:08 2020
Access Control Market Size, Share, Trends, Growth by Top Company, Application, Drivers, Trends & Forecasts by 2023

Access Control Market
Access Control Market Research, by Technology (Authentication System, Detection Systems, Alarm Panels, Communication Devices, Perimeter Security Systems), by Application (Homeland Security, Commercial, Industrial, Residential) – Forecast till 2023

Market Highlights

Market Research Future (MRFR)’s recent study indicates that the global access control market is expected to scale a valuation of USD 12.53 Bn by the end of 2023. The report suggests that the global market is poised to thrive at 9% CAGR during the forecast period 2018 to 2023. Access control is being deployed extensively in both commercial and residential projects for countering threats such as illegal perimeter intrusion, cyber-attacks, etc.

The growth in IoT, sensors technology and wireless technology are expected to have a favorable impact on the expansion of the global access control market over the next couple of years. In addition, industry leaders are poised to increase investments for product development and innovation. It is anticipated to boost the growth trajectory of the market in the foreseeable future.

Most of the organizations have mandated more than one access control systems for assuring cent percent safety. An upsurge in the deployment of the technology is expected over the next few years. This, in turn, is likely to accelerate revenue creation for participants of the access control market.

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Major Key players

  • ASSA ABLOY AB (Sweden)
  • Gemalto N.V. (Netherlands)
  • Allegion PLC (Ireland)
  • NEC Corporation (Japan)
  • Tyco International PLC (Ireland)
  • Honeywell Security Group (US)
  • Bosch Security Systems Inc. (Germany)
  • Gunnebo AB (Sweden)
  • Crossmatch Technologies Inc. (US)
  • NAPCO Security Technologies Inc. (US)

Segmentation:

By technology, the global access control market has been segmented into authentication systems, detection systems, alarm panels, communication devices, and perimeter security system. The authentication system segment is further sub-segmented into biometric, touch screen and keypads, card-based, door contacts, and intruder alarm systems. The detection system segment has been sub-segmented into glass break detector, motion detector, and door/window sensor. The perimeter security system segment is sub-segmented into free standing perimeter security and buried perimeter security.

By application, the access control market has been segmented into homeland security, commercial, industrial, and residential. The homeland security segment has been sub-segmented into defense and government buildings. The commercial segment is further sub-segmented into airports, healthcare, financial institutions, telecommunication, and stadiums.

 Regional Analysis:

The global access control market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World. Asia Pacific is likely to lead the proliferation of the market owing to increasing technological implementations. The region is expected to witness developments in the IT industry which is conducive to the growth of the access control market in the foreseeable future. China, Japan, and India are presumed to revolutionize the growth trajectory of the access control market over the assessment period. North America and Europe are developed markets and are projected to exhibit rapid developments in the forthcoming years. The U.S., Canada, Germany, and the U.K. are likely to contribute significantly to the expansion of the access control market.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/access-control-market-1089

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/access-control-market-1089


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