Access Control Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026

The Access Control Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Access Control market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Access Control market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Access Control market.

The Access Control Market was valued at USD 7.65 billion in 2020 and expected to reach USD 11.7 billion by 2026 and grow at a CAGR of 7.38% over the forecast period (2021 - 2026). 

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Top Leading Companies of Access Control Market are - 3M Cogent Inc., Hanwha Techwin Co. Ltd, Thales Group (Gemalto NV), Bosch Security System Inc., Honeywell International Inc, Tyco Fire and Security (Johnson Controls), Allegion PLC, Assa Abloy AB Group, Schneider Electric SE, Panasonic Corporation, Assa Abloy AB, Identiv, Inc., Nedap NV, Dormakaba Holding AG, NEC Corporation, Idemia Group, Axis Communications AB and others.

Industry News and Updates:

- April 2019 - Honeywell highlighted its latest security and fire products at ISC West 2019 booth. Products, such as OmniAssure Touch, a new range of passive intent access control readers, are compatible with Honeywell’s existing security suites, including WINMAG, WIN-PAK, and Pro-Watch. Honeywell is highly focused on delivering life safety innovations that leverage connectivity to help create a smarter and safer world.

- March 2019 - NEXT biometrics partnered with UniComm, an IT security developer and integrator, to sell its biometric access control solutions in the Russian market. NEXT’s fingerprint scanning technology is likely to help UniComm to meet its customers demand for best-in-class solutions, which help them master present challenges and stay ahead of the curve.

Key Market Trends:

Biometric Reader to Hold the Major Market Share

- This method of access control has been widely adopted, owing to the fundamental advantages, such as non-repudiation, non-transferable, and non-identifiable nature. Thus, providing a high level of protection against fraud.
- Biometrics is also one of the most commonly deployed systems in a wide variety of industries, including healthcare, financial services, and travel and hospitality. With many people using minor variations in the passwords, biometrics is one of the most commonly employed control systems.

North America to Increase the Adoption of Access Control Solutions

- Due to increasing cyber and malware attacks in the region, several governments and security agencies are compelled to enhance security features in their transactions through the deployment of RFID and biometric technologies. Thus, this is further contributing to the overall growth of the access control market.
- The United States accounts for a significant portion of the global demand for access control systems, as the users in the United States that are mainly targeted are the employees, who have administrative access to organizational policies, providing hackers complete access to the systems. 

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Access Control Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Access Control Market (%),2016 - 2026
- Access Control Market Share, By Brand
- Access Control Market Share, By Company
- Access Control Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Access Control Market Value Analysis & Forecast
- Promising Access Control Development by Major Companies
- Detailed Access Control Portfolio of the Major Companies
- Major Deals in the Access Control Market
- Major Companies Analysis

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