Press release
THE GLOBAL ACCESS CONTROL MARKET WAS VALUED AT USD 6.11 BILLION IN 2016 AND IS PROJECTED TO REACH USD 10.64 BILLION BY 2025, GROWING AT A CAGR OF 6.35% FROM 2017 TO 2025 TOP KEY PLAYERS ARE NEDAP N.V. , JOHNSON CONTROLS INTERNATIONAL PLC , OT-MORPHO CLICK
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Market Dynamics:
1. Market Drivers
1.1 Implementation of mobile-based access control
1.2 Adoption of access control as a service
1.3 Growing Adoption of Iot-based security systems with cloud computing platforms
1.4 Technological advancements and deployment of wireless technology in security systems
2. Market Restraints
2.1 Poor awareness about advanced security solutions among end users at present
2.2 Security concerns related to unauthorized access and data breach in access control environment
Market Segmentation:
The Global Access Control Market is segmented on the service, component, vertical, and region.
1. Service:
1.1 Maintenance and Support
1.2 Access Control as a Service
1.3 Installation and Integration
2. By Component:
2.1 Software
2.2 Hardware
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3. By Vertical:
3.1 Healthcare
3.2 Military and Defense
3.3 Transportation
3.4 Education
3.5 Manufacturing
3.6 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Suprema HQ Inc.
2. Nedap N.V.
3. Johnson Controls International plc
4. OT-Morpho Clickfox
5. ASSA ABLOY AB
6. Dorma+Kaba Holding AG
7. Allegion plc
8. Honeywell Security Group
9. Identiv, Inc.
10. Bosch Security Systems Inc.
11. Gemlato N.V.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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