Access Control Market Outlook 2025 by Top Growing Key Players Identiv, Gallagher Group, NEC Corporation, ASSA ABLOY, Gemalto, AMAG Technology

The increasing infrastructural spending in the emerging economies of Middle East and African regions is expected to create new growth avenues in the access control market. Latest market study on Access Control Market to 2025 - Global Analysis and Forecasts Type (Hardware, Software, and Services) and Application (BFSI, Residential, Commercial, Healthcare, Government & Transport, and Others) - Global Analysis and Forecast”, the access control market is estimated to reach US$ 16.66 Bn by 2025. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The key industry players operating in access control market globally include Gemalto N.V., Honeywell Security Group, Siemens Building Technologies, ASSA ABLOY AB, NEC Corporation, Johnson Controls International PLC, AMAG Technology, Inc., Schneider Electric SE, Gallagher Group Ltd., and Identiv, Inc. among others.

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The demand for security solutions is on a rise globally. Further, the growth in the number of SMEs adopting security systems has created growth avenues especially in the developing economies of the world. Presently, the access control solutions are increasingly being integrated for including other services and systems.

The market for access control globally has been segmented on the basis of type into three major segments including hardware, software, and services. The companies operating in the global access control market design and innovate robust hardware and software depending upon the requirements of the customers or clients. The global access control market is further bifurcated on basis of application as BFSI, residential, commercial, healthcare, government & transport, and others. The global market for access control is categorized on basis of five strategic regions namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America.

The US is the largest economy in the world and one of the developed economy as well. The total global output of the country is around 20%, which is larger than that of China. Also, the countries of North America has a plethora of developed infrastructure which clearly depicts the presence of commercial buildings such as hospitals, malls, hotels etc., industrial units, and residential buildings. Such a huge number of old infrastructure demands more security technologies in order to mitigate any unusual activities.

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TABLE OF CONTENTS

1. INTRODUCTION 13
1.1 SCOPE OF THE STUDY 13
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 13
2. KEY TAKEAWAYS 14
3. ACCESS CONTROL MARKET LANDSCAPE 16
3.1 MARKET OVERVIEW 16
3.2 MARKET SEGMENTATION 17
3.2.1 Global Access control Market – By Type 19
3.2.2 Global Access control Market – By Application 19
3.2.3 Global Access control Market – By Geography 19
3.3 PEST ANALYSIS 21
3.3.1 North America – Pest Analysis 21
3.3.2 Europe – Pest Analysis 23
3.3.3 Asia Pacific – Pest Analysis 25
3.3.4 Middle East and Africa – Pest Analysis 27
3.3.5 South America – Pest Analysis 29
4. ACCESS CONTROL MARKET – KEY INDUSTRY DYNAMICS 31
4.1 KEY MARKET DRIVERS 31
4.1.1 Increasing security concerns 31
4.1.2 Increase in need for holistic security at hardware level 31
4.1.3 Rise in demand for interconnected systems 32
4.2 KEY MARKET RESTRAINTS 32
4.2.1 High cost of ownership 32
4.3 KEY MARKET OPPORTUNITIES 32
4.3.1 Increasing demand from emerging economies 32
4.3.2 Rise in demand from the residential sector 33
4.4 FUTURE TREND 33
4.4.1 Proliferation of IoT and connected devices 33
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINT 34

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