Press release
Physical Access Control System Global Market Report 2025: Explosive Growth to $17.27 billion, Driven by Biometric Adoption, IoT Integration, and Cybersecurity Trends
Physical Access Control System Market Size
What Is The Projected Market Size Of The Global Physical Access Control System Global Market Report 2025 And Its Growth Rate?
• 2024 Market Size: $10 billion
• 2025 Market Size: $10.99 billion (9.9% CAGR)
• Historic period growth can be attributed to biometric technology adoption, integration with IoT, contactless access solutions, cloud-based solutions, mobile access management.
• 2029 Market Size: $17.27 billion (12.0% CAGR)
• Forecast period growth can be attributed to increasing security concerns, growing adoption of biometrics, demand for contactless solutions, adherence to regulatory standards, convergence of physical and logical security.
What Is Driving The Growth In The Physical Access Control System Global Market Report 2025?
The growth of the physical access control system market is driven by the rising adoption of electronic security systems such as biometrics. Electronic security systems are vital in ensuring a facility's necessary level of protection through surveillance, access control, or intrusion control. An illustration of this is the U.S. Customs and Border Protection (CBP) processing over 540 million travelers using biometric facial comparison technology in September 2024, preventing more than 2,000 impostors from entering the U.S. Hence, the rising adoption of electronic security systems is propelling the growth of the physical access control system market.
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Who Are the Key Players Driving Physical Access Control System Global Market Report 2025 Growth?
• Panasonic Corporation
• Schneider Electric SE
• Johnson Controls International plc
• NEC Corporation
• Safran Group
• Assa Abloy AB
• Gallagher Group Ltd.
• Dahua Technology Ltd.
• Allegion plc Ltd.
• Gemalto NV
• Dormakaba Holding AG
• Idemia Group
• TKH Group NV
• Axis Communications AB
• Avigilon Corporation
• HID Global Corp
• Genetec Inc.
• Honeywell Commercial Security Ltd.
• Nedap NV
• Identiv Inc.
• LenelS2
• Bosch Security and Safety Systems
• Paxton Access.
• Brivo Systems LLC
• Aiphone Co
• Verkada Inc.
• Vanderbilt Industries LLC.
• Secugen Corporation
What Are The Key Trends In The Physical Access Control System Global Market Report 2025?
• AI and machine learning integration
• Data analytics for security insights
• Convergence of physical and logical security
• Shift to contactless solutions
• Emphasis on cybersecurity
What Are The Segments Of The Global Physical Access Control System Global Market Report 2025?
1) By Component: Hardware, Software, Services
2) By Technology: Keypads-based PACs, Card-based PACs, Biometric PACs
3) By End User: Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Services, Communication and Media, Retail and Other Corporate, Transportation and Utilities, Other End Users
Which Region Leads The Physical Access Control System Global Market Report 2025?
In 2024, North America was the largest region in the physical access control system market. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Physical Access Control System Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Physical Access Control System Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Physical Access Control System Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Physical Access Control System Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Physical Access Control System Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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