Access Control Market 2023 Driving Factors Forecast Research 2029

The global market for access control is estimated to have significant CAGR of around 8.7% during the forecast period. The market is mainly due to growing adoption of access control systems in commercial and residential applications coupled with crime rates across the globe. Burglaries are increasing at an alarming rate supported by the fact that; according to the National Council for Home Security and Safety, an illegal entry of a building takes place every eighteen seconds in the US that adds up to about 4,800 burglary every day. Most of the burglary takes place during day time as residents are usually not at home. About 1,495,790 illegal entries of the buildings are observed in the US during the day time. The intruders are attracted mostly to the homes that are not equipped with any security systems. The access control system provides a way to reduce these crimes. The access control such as smart lock detects and notifies the residents or the home owner about any abnormal behavior or about the presence of any intruders.

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The global access control market is segmented based on type and application. Based on the type, the market is further classified into hardware including, smart cards and readers, biometric, and software and services. The hardware segment is projected to have considerable share in the market owing to the growing smart card reader, biometric readers controlled access control coupled with smartphone penetration across the globe. Huge number of access control companies in the market and the wide range of products offered by them has increased the adoption of security systems. Based on the application, the global access control market is further segmented into residential and commercial.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Access Control Market-Segmentation
By Type
• Hardware
o Smart Card Readers
o Biometric Readers
o Multi technology Readers
o Others
• Software & Services

By Application
• Residential
• Commercial

Global Access Control Market- Segment by Region
North America
• United States
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global access control market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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