Access control market worth $ 13.1 billion by 2026

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CHICAGO, 25 November 2021 / PRNewswire / – According to the new research report, the “Access control with COVID-19 impact market by offering (card readers, biometric readers, electronic locks, controllers, software, services), ACaaS (hosted, managed, hybrid), vertical and regional – Global forecast until 2026 “, published by MarketsandMarkets ™, the global access control market is expected to grow by $ 8.6 billion in 2021 to $ 13.1 billion by 2026; it is expected to grow at a CAGR of 8.7% during 2021-2026. Continued adoption of Access Control as a Service (ACaaS); implementation of mobile access control; the global proliferation of smart city initiatives; and the increasing urbanization in emerging countries is expected to offer enormous growth opportunities for players in the access control market. The growth of access control market is driven by strong adoption of access control solutions due to increasing crime rates around the world; technological advances and the deployment of wireless technology in security systems; and adoption of IoT-based security systems with cloud computing platforms.

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Biometric readers are expected to experience the highest growth rate during the forecast period.

Biometric technologies are used to measure various physiological parameters for identification and authentication purposes in access control systems. The market for access control systems based on biometric readers has been further categorized into fingerprint recognition, palm recognition, iris recognition, facial recognition and voice recognition. Biometrics is one of the fastest growing technologies used to secure perimeters. This technology helps identify the physical characteristics of a person to provide controlled physical access to the infrastructure. This technology is increasingly used in government facilities, manufacturing units, power plants, defense establishments and businesses.

The business vertical is expected to dominate the access control market during the forecast period.

The commercial sector is the largest end user of access control systems. In this vertical, commercial facilities such as enterprises and data centers; BFSI; retail stores and shopping centers; and entertainment areas are taken into account. Human security for all physical locations is difficult and expensive. The demand for access control systems is increasing as they further reduce the need for human security, thereby reducing security expenditure. These factors encourage commercial facilities to adopt access control systems to protect people and property.

Browse the table of contents in depth atAccess control market
115 – Tables
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North America to be the biggest market for access control during the forecast period.

North America is more advanced than in other regions in terms of the implementation of access control systems. Companies in the United States, Canada, and Mexico strive to strengthen their expertise and develop innovative access control systems and services. This gives them greater competitive advantage to increase their share in the region’s access control market. The growing number of cyber attacks and malware in the region has forced several governments and security agencies to improve the security features of their transactions through the deployment of RFID and biometric technologies, further contributing to the overall growth of the control market. access.

The main companies involved in the development and provision of access control include dormakaba Holding (Switzerland), ASSA ABLOY (Sweden), Johnson Controls (Ireland), Allegion (Ireland), Honeywell International (United States), Identiv (United States), Nedap (Netherlands), Suprema HQ (South Korea), Thales Group (France), Bosch Security Systems (Germany), NEC Corporation (Japan) and IDEMIA (France).

Associated reports:

COVID-19 impact biometric systems market by type of authentication (single-factor: fingerprint, iris, face, voice; multifactor), offering (hardware, software), type (contact, contactless, hybrid), vertical and Region – Global forecasts to 2025

Access Control Readers Market by Reader Type (Card Readers, Biometric Readers, and Multi-Tech Readers), Smart Card Technology Type (iCLASS, MIFARE, DESFire, Advant), Vertical and Geography – Global Forecast to ‘in 2024

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