Access Control and Authentication Market Size: Opportunities, Current Trends and Industry Analysis by 2028

Access Control and Authentication Market to grow significantly at a CAGR of XX % by 2028

According to the latest report by Quince Market Insights, the Access Control and Authentication Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Transportation & Logistics, BFSI, Government & Public Sector, Utilities & Energy, IT & Telecom Sector, Industrial, Retail, Healthcare, Educational Institutions, and others during the forecast period. There has been a rise in the demand for safety and security systems all over the globe. Increase in Cybercrimes, identity thefts, and other fraudulent activities have led to the demand for access control and authentication systems. Due to these factors, the access control and authentication market have witnessed growth. These systems monitor people and objects, control their access, and prevent intrusion.

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Segmentation for better understanding of this market

The global access control and authentication market have been segmented by product type and end-user.

Based on product type, the access control and authentication market have been segmented into electronic access control, biometrics, card-based access control, radio frequency identification, automatic number plate recognition, and document reader. Several industries, as well as governments of different countries, make use of biometrics and card-based access control. Moreover, due to rising vehicle accidents, the automatic number plate recognition is now being widely used.

Based on end-user, the access control and authentication market have been divided into transportation & logistics, banking, financial services, and insurance, government & public sector, utilities & energy, IT & telecom sector, industrial, retail, healthcare, educational institutions, and others.

Due to increasing theft during transportation, access control, and authentication systems are being used. There has been an increase in the usage of access control and authentication systems in banking, financial services, and government sectors due to the rising Cybercrimes and identity theft.

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Significant Factors Impacting Market Growth:

o Rising demand for safety and security systems
o Increasing Cyber-attacks, frauds, and identity theft
o Rising thefts in transportation, trafficking, smuggling, crime, and terrorism

Regional distribution and potential areas for growth:

By region, the access control and authentication market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of access control and authentication market during the forecast period. Majority of the leading companies have setups in these regions to supply the potential end users in the respective region.

The North America access control and authentication market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. China, Japan, South Korea, India and Australia are segmented into Asia Pacific region. During the forecast time period, Middle East and Eastern Europe are estimated to be potential markets with increasing demand. In these regions, the major countries include Russia, the UAE, Saudi Arabia, Israel and others.

Companies Covered: Bosch, Panasonic Corporation, 3M Company, Honeywell Group, Axis Communications, Pelco Inc., Cisco, Access Ltd., Suprema Inc., Canon Inc., Genetec Inc.

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Reasons to Buy This Report:

o Market size estimation of the global access control and authentication market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.