Press release
Access Control Systems Global Market: Steady Growth, Major Players, and Forecast from 2024 to 2029
"Accelerating the drive towards global security, the access control systems market size projects steady gains over the upcoming years.
What Is The Projected Market Size Of The Access Control Systems Global Market And Its Growth Rate?
• The market value is predicted to surge from $9.9 billion in 2024 to $10.76 billion in 2025 with an 8.7% CAGR. This historical growth is primarily due to increased home security awareness, the proliferation of smart infrastructure and smart city projects, and the expanding availability of biometric equipment.
• The market size is anticipated to grow from its 2025 values to $14.26 billion in 2029 at a CAGR of 7.3%. This forecasted growth can be traced back to increasing security threats, rising data privacy and security concerns, the adoption of cloud-based access control systems, and the growing demand for industrial access control systems.
What Is Driving The Growth In The Access Control Systems Global Market?
The increasing adoption of the Internet of Things (IoT) is a key catalyst boosting the access control system market's growth. IoT facilitates a network of physical objects embedded with sensors, software, and other technologies, enhancing connectivity and reducing costs. IoT is utilised in access control systems to create smart door locking systems and manage access to physical spaces, data, or networks. For instance, Akamai Technologies Inc. predicts that IoT connections would increase from 15.1 billion in 2021 to 23.3 billion in 2025. Consequently, IoT's increasing adoption drives the growth of the access control system market. Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=14238&type=smp
Who Are the Key Players Driving Access Control Systems Global Market Report 2025 Growth?
• Robert Bosch GmbH,
• Siemens AG,
• Panasonic Holdings Corporation,
• Schneider Electric SE,
• Honeywell International Inc.,
• 3M Company,
• Johnson Controls International Plc,
• NEC Corporation,
• Tyco International Plc,
• Assa Abloy AB,
• ADT LLC,
• Allegion Plc,
• IDEMIA,
• Axis Communications AB,
• Avigilon Corp,
• Southco Inc.,
• HID Global Corp,
• SALTO Systems Inc.,
• ZKTeco Co. Ltd.,
• MorphoTrak LLC,
• Nortek Security & Control LLC,
• Kaba Ltd.,
• Aware Inc.,
• BIO-key International Inc.,
• SecuGen Corporation,
• Digital Persona Inc.,
• Suprema Inc.,
• Tascent Inc.
What Are The Key Trends In The Access Control Systems Global Market?
• Emergence of artificial intelligence (AI) and machine learning (ML) technologies.
• Product innovation and technological advancements.
• A growing need for radio-frequency identification (RFID) card-based technology.
• Increasing deployment of wireless security systems.
What Are The Segments Of The Global Access Control Systems Global Market?
• By Type: Hardware, Software, Services
• By Technology: Wireless, Wired
• By End-User: Commercial, Military And Defense, Government, Residential, Education, Healthcare, Manufacturing And Industrial, Transportation.
Which Region Leads The Access Control Systems Global Market Report 2025?
North America was the largest region in the access control system market in 2024. However, it is anticipated that Asia-Pacific will be the fastest-growing region in the forecast period. The report covers areas such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Access Control Systems Global Market Report 2025?
- Market Size Analysis: Analyze the Access Control Systems Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Access Control Systems 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 Access Control Systems 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 Access Control Systems Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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