Access Control Market Projected to reach $12.1 billion by 2024 | Key players include ASSA ABLOY AB, dormakaba Holding AG, Allegion plc, Honeywell Security Group and Identiv, Inc.
Browse 65 market data Tables and 46 Figures spread through 177 Pages and in-depth TOC on "Access Control Market - Global Forecast to 2024"
View detailed Table of Content here -
Biometric readers to grow at highest CAGR during 2018–2024
The biometric readers segment is expected to grow at the highest CAGR from 2018 to 2024. The market for biometric reader-based access control systems has been further categorized into fingerprint recognition, hand geometry recognition, iris recognition, and face recognition. Biometric readers are rapidly gaining worldwide traction owing to the growing need for surveillance and security in government facilities, manufacturing units, power stations, defense establishments, and enterprises.
Request for Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=164562182&utm_source=OpenPR
Residential vertical expected to grow at highest CAGR from 2018 to 2024
The access control market for the residential vertical is expected to grow at the highest CAGR from 2018 to 2024. In smart homes, access control systems are used to enhance security. The key factors contributing to the growth of this market include the rise in crime rates, ongoing technological advancements, increasing need for hazards detection such as fire and gas leaks, and ensuring the safety of children at home. The growing smart home market will lead the demand for access control solutions in the residential sector.
Growing security concerns will boost demand for access control solutions in APAC during forecast period
The access control market in APAC is expected to grow at the highest CAGR during the forecast period. Factors driving the growth of the market in this region include growing industrialization, commercialization, and high demand for security systems. Also, rising terror threats and crime rates in APAC countries and low police officer to population ratio are expected to create high demand for access control systems in APAC.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164562182&utm_source=OpenPR
The key players in the market include ASSA ABLOY AB (Sweden), Johnson Controls International plc (Ireland), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (US), Identiv, Inc. (US), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Bosch Security Systems Inc. (US), and Gemalto N.V. (Netherlands). These players are increasingly undertaking product launches and developments, mergers and acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Access Control Market Projected to reach $12.1 billion by 2024 | Key players include ASSA ABLOY AB, dormakaba Holding AG, Allegion plc, Honeywell Security Group and Identiv, Inc. here
News-ID: 1632088 • Views: 289
More Releases from MarketsandMarkets™
Telecom Service Assurance Market will gain $9.4 billion by 2025 at CAGR 9.2%
According to a new market research report "Telecom Service Assurance Market by Solution (Products (Performance Management, Intelligent Assurance and Analytics) and Services), Operator Type (Mobile and Fixed), Deployment Type, Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Telecom Service Assurance Market size is expected to grow from USD 6.0 billion in 2020 to USD 9.4 billion by 2025, at a Compound Annual Growth Rate (CAGR)
Security as a Service Market revenues worth $26.5 billion by 2025
According to a new market research report "Security as a Service Market by Component (Solution and Service), Application Area (Network Security, Endpoint Security, Application Security, and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 11.1 billion in 2020 to USD 26.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast
Microscope Software Market worth $1,021 million by 2025 - Leading Key Players ar …
According to the new market research report "Microscope Software Market by Microscope (Optical, Electron, Raman), Category (Integrated, Standalone), Application (Semiconductor, Aerospace, Automotive, Healthcare, Medical Device, Implant), Region (North America, Europe) - Global Forecast to 2025", published by MarketsandMarkets™, the Microscope Software Market is projected to reach USD 1,021 million by 2025 from USD 567 million in 2020, at a CAGR of 12.5% between 2020 and 2025. Browse in-depth TOC on "Microscope
Laboratory Mixer Market worth $2.1 billion by 2025 - Leading Key Players are The …
According to the new market research report "Laboratory Mixer Market by product (Shaker (Rocker, Roller, Orbital Shaker), Magnetic Stirrer, Vortex Mixer, Accessories), Type, End-User (Research Labs, Pharma- Biotech, CROs, Food Labs, Environmental Testing)– Global Forecast to 2025", published by MarketsandMarkets™, the global Laboratory Mixer Market size is projected to reach USD 2.1 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 3.7% from 2020 to 2025. Browse
More Releases for MarketsandMarkets
Electric Powertrain Market Insights by 2027| MarketsandMarkets
The Global Electric Powertrain Market size is projected to reach $191.4 billion by 2027, from an estimated $62.9 billion in 2019, at a CAGR of 14.9 %. The electric powertrain market is expected to witness rapid growth due to stringency in emission norms which is pushing automakers to come up with electrified powertrain technologies. Between 2025 and 2030, emission standards would require automakers to reduce CO2 emissions by 15% and
Automotive Interior Market - Global Forecast to 2025 | MarketsandMarkets
According to the new market research report "Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2025 " Published by MarketsandMarkets™, The global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast
Automotive Fuse Market Insights by 2025| MarketsandMarkets
The Automotive Fuse Market is projected to grow at a CAGR of 6.84% during the forecast period, to reach $24.33 Billion by 2025 from $14.33 Billion in 2017. The market is estimated to grow in the near future owing to various factors such as an increase in vehicle production, growing electrification, growing importance of safety & comfort features in mid-segment vehicles which will lead to increase in the number of
ADAS Market by System, Component, EV and Region 2025| MarketsandMarkets
The ADAS Market (Advanced Driver Assistance System Market) is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96% during the forecast period. The market is principally driven by the increasing demand for a safe, efficient, and convenient driving experience. The increasing demand for autonomous vehicles has also fueled the ADAS market. Driver errors can be minimized by
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand