Physical Access Control Market Revenue, Opportunity, Forecast and Value Chain 2018-2028

Physical Access Control Market: Introduction

As smartphones have become an essential device today, industries are moving towards smartphones for secure physical access control by replacing current PIN systems, cards, and keys. There is an inclusion of NFC and Bluetooth technology in smartphones which provides a feature for exchanging data, so users can present mobile credentials from their phones to a control access reader through a physical access control technology. Also, the use of wearables in the access control market has substituted traditional locking methods used in physical access control in the same way as smartphones. Rings, wristbands, and glasses have notably been developed, but are not very widespread. Physical access control can be defined as a system capable of identifying who enters or leaves an area of control, and managing the admittance of the person to the building, a specific space, or site.

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Physical Access Control Market: Drivers and Challenges

Strong adoption of smartphones and other mobile devices as authentication systems acts as a key driver for the physical access control market. Another driver for the physical access control market are the growing security concerns all round the world, especially for the entrances of offices. The physical access control technologies market has also been related to timing and lifestyle. As security systems were installed long back in enterprises, which were the old physical access control technologies, enterprises now like to invest less on new systems like smartphone access due to scarcity of funds. A lot of businesses are now spending on upgrading physical access control systems. Another driver for the physical access control market includes the reduction of credential costs, as new credential forms drive costs down; like the cost of traditional proximity cards over digital credentials has been on the higher side in the physical access control market.

It takes more time for people to accept to change in their personal lives. As such, end user acceptance has been a major issue, and is restraining the physical access control market. Also, since the sector is slowly changing, the migration to new systems may take some time. The physical access control market is stuck with card-based systems, often proprietary, where smart cards for physical access control and also biometrics for physical access control have been long awaited, but have not been reaching the mass market. This has also acted as a restraint for the physical access control market.

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Physical Access Control Market: Segmentation

The physical access control market can be segmented on the basis of type, end use industry, and region.

On the basis of type, the physical access control market can be segmented into:

Biometric-based
Keypad-based
Card-based
Mechanical Keys/Entry Phones
Others
On the basis of end use industry, the physical access control market can be segmented into:

Hospitality
Healthcare
Military and Defense
Tertiary Sector
Education
Others
Physical Access Control Market: Market Participants

Examples of some of the market participants in the global physical access control market identified across the value chain include Honeywell Security, Bosch Security, Safran Security, Assa Abloy, Tyco, Axis, Allegion, Aiphone, TKH Group, Avigilon, and others.

Physical Access Control Market: Regional Overview

On the basis of geography, the global physical access control market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. Among all these regions, North America and Asia Pacific excluding Japan are expected to hold a major market share in the global physical access control market during the forecast period, due to the rising penetration of security systems related to physical access control technologies in small- and medium-sized enterprises. The APEJ physical access control market is expected to be the fastest-growing market during the forecast period, due to continuous developments in developing countries such as Greater China and India, and increasing disposable income.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, type, and end user industry.

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