Access Control Market is Expected to Reach $10.4 Bbillion by 2020

Date: 2015-08-19

“Currently, cloud computing is one of the fastest growing segments in the semiconductor and telecommunication industry, with the researchers continually integrating cloud with different technologies; access control being one of them. With the unification of cloud services with the access control systems, the users were able to get rid of the mesh of wires and huge controllers that were used in the conventional access control systems. The unification of the biometrics technology and mobile devices with access control systems has also propelled the growth of the access control market. These factors are driving the access control market and are expected to continue to do so, in the coming years. The report predicts that the access control market is expected to reach $10.4 billion by 2020, with an estimated CAGR of 10.6%.

The report covers the segmentation by product, application, and geography. The access control products include contact, contactless and hybrid cards & readers, biometrics, mobile access, management software, and database & servers. The report also details application market such as commercial, industrial, residential, education, healthcare, government, and military & defense. The report details the access control market based in geography into North America, Europe, and APAC. The rest of the world (ROW) region has also been considered wherein the regions like South Africa and Middle East were analyzed. Each of these regions has also been segmented based on countries, wherein the market size of each country pertaining to the access control market has been estimated in the report.

The report details the premium insights, various drivers, restraints, opportunities, and challenges that are likely to influence the access control market. It also analyzes the market based on the Porter’s Five Forces framework along with, providing the competitive landscape and company profiling of the top players. The various players include Assa Abloy AB (Sweden), Gallagher Group Ltd. (New Zealand), Cross Match Technologies (U.S.), Morpho SA (France), Honeywell Security Group (U.S.), AMAG Technologies (U.S.), Samsung Techwin Co., Ltd. (South Korea), Gemalto NV (The Netherlands), 3M Cogent, Inc. (U.S.), and NEC Corporation (Japan).

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