Access Control Market And Top Key Players are Panasonic Corporation, Honeywell Security, 3M Cogent

Access control technologies are used to limit and regulate access to resources in a physical or virtual environment. Implementation of access control systems is extremely important to ensure a safe environment at businesses as well as homes. Access control systems are also used to ensure security of assets and resources, and for prevention of theft and unauthorised actions. The two main types of access control are physical access control and logical access control. Increase in criminal activities and adoption of advanced technology are the main growth drivers of the market
Technology

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Access control systems have a wide scope of application that includes commercial establishments, residential locations, virtual locations, government institutions, virtual accounts, and others. These systems use various elements such as physical or electronic keys, personal identification numbers, biometric scanners, passwords, etc. to identify, authenticate and authorize access to various resources. Access control systems can also be used to detect and act against unauthorized activities in the system. These systems can be a combination of hardware and software, or standalone hardware or software systems.

Market Dynamics

Adoption of advanced technology and implementation of various new features are the main factors that are driving the growth of the global access control market. Increase in criminal activities has resulted in an emphasis on strong access control systems, hence expanding the market. Availability of a variety of products, ranging from simple lock systems to sophisticated systems that can monitor and remotely operate systems, has allowed for high penetration in the market. Introduction of improved and more affordable systems has helped in further expansion of the market. Finally, regulations mandating specific levels of security in organisations have also helped in the growth of the market.

However, the market also faces a few constraints such as non-availability of fool proof systems and lack of trust in some segments.

Market Segmentation

The two main types of access control are physical access control and logical access control. Physical access control systems can be sub segmented as electronic card readers, biometric scanners, electronic keys, numeric locks, etc. The logical access control systems can be sub segmented as password systems, PIN systems, multi factor identification, etc. The global access control market can also be segmented based on application and geography. Based on application, the market is segmented as defence, commercial, residential, industrial, governmental, and others.

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Regional/Geographic Analysis

Geographically, the access control market can be divided into North America, Europe, Asia-Pacific (APAC), and Latin America, Middle East and Africa (LAMEA) regions. Currently, North America and Europe account for the largest share of the market. High growth potential in all the regions due to factors like increasing criminal and terrorist threats, and adoption of new technology.

Key Players
Some of the key players in the global access control market are Panasonic Corporation, Honeywell Security, 3M Cogent, Cross Match Technologies, and others.

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