The research study conducted by Report Ocean on the “ Access Control Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Access Control Market is valued at approximately USD $$billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2023-2030. Products for access control offer users the ability to verify which is authorized to access a company’s physical infrastructure. Physical access control is the process of securing a certain area, such as a building, a parking lot, or an office. The management and enforcement of physical security typically require the installation of a physical access control system (PACS). PACS prevents unauthorized access to certain portions of a structure or its surroundings. The market growth is driven by significant factors such as the growing penetration of cyber threats and technological innovations and the emergence of the Internet of Things for connected devices.
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According to Statista, Manufacturing had the highest percentage of cyberattacks among the top global industries in 2022. Nearly 25% of all cyberattacks during the studied year were committed against manufacturing companies. Insurance and finance came in second place with about 19 percent. With a share of 14.6 percent, professional, business, and consumer services came in third. Furthermore, the market for cyber threat intelligence (CTI) was projected to reach USD 11.6 billion in value worldwide in 2023. Organizations may adapt to the changing threat landscape with the aid of CTI, a product category of cyber defence programs. The threat intelligence services industry is another sector in which CTI operates. The market for CTI is anticipated to reach more than 44 billion dollars by 2033. Moreover, the increase in usage of advanced technologies such as artificial intelligence and the increasing popularity of access control devices in commercial spaces enhanced the market opportunities during the projected period. However, operational and ROI Concerns and a lack of awareness about security solutions stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Access Control Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the market growth owing to an increase in expenditure on wireless systems and the adoption of cloud computing and IoT-based systems. On the other side, Asia Pacific is expected to be the fastest growing region owing to expanding construction sector, a large number of manufacturing industries, and a growing crime rate.
Major market players included in this report are:
Panasonic Holding Corporation
Suprema Inc.
Hanwha Vision
Thales Group (Gemalto NV)
Bosch Security System Inc.
Honeywell International Inc
Tyco International Plc (Johnson Controls)
Allegion PLC
ASSA ABLOY AB Group
Schneider Electric SE
Recent Developments in the Market:
In March 2023, Axis Communications and Genetec Inc. teamed together to release Axis in, an enterprise-level access control solution that integrates Genetec access control software and Axis network door controllers in a single, simple-to-deploy package. The first product of its type, it offers comprehensive security, public safety, operations, and business intelligence solutions using Genetec technology.
In October 2022, ALCEA, a French-based developer of access control systems, was acquired by ASSA ABLOY AB. The addition of ALCEA to ASSA ABLOY’s Critical Infrastructure business portfolio will help the firm strengthen its position in critical infrastructure protection contexts and increase the breadth of its access-cantered product line. The company’s strategic goal to improve its position in the access control sector is supported by the acquisition.
Global Access Control Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Card Reader and Access Control Devices
Biometric Readers
Electronic Locks
Software
Other Types
By End User:
Commercial
Residential
Government
Industrial
Transport and Logistics
Healthcare
Military and Defense
Other End User Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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