Access Control Market - Forecasts from 2018 to 2023

Access Control Market - Forecasts from 2018 to 2023

Access Control market is projected to witness a CAGR of 6.67% to reach US$8.361 billion by 2022, increasing from US$6.053 billion in 2017. Growing security concerns to tackle fraudulent, unauthorized access and criminal activities is a major driver of global access control market. The accelerating demand for access control solutions in commercial and residential sectors is driven by high adoption of different security solutions.

By End User

By end user, the government sector accounted for the biggest market share in 2016 due to rising incidences of criminal activities and growing concern to eliminate unauthorized access to confidential data. Government organizations are also using access control solutions to monitor employees’ attendance to facilitate workforce management. BFSI segment will witness the fastest market growth over the forecast period, owing to the increasing adoption of mobile phones for online banking services.

By Geography

Geographically, North America held the largest share of the global access control market in 2016 owing to the early adoption of technology in the region. Moreover, rising awareness regarding access control solutions is driving the demand from residential sectors in developed countries such as the U.S. and Canada. European Access Control market will also witness a significant growth during the forecast period driven by stringent regulations with respect to homeland security. APAC is projected to grow at the highest CAGR between 2017 and 2022 led by increasing adoption of access control solutions across various end-use industries such as BFSI, healthcare, and government among others.    

Competitive Insights

Prominent key market players in Access Control market include 3M Cogent, Honeywell Security Group, OT-Morpho, Matrix Security Systems, and NEC Corporation among others. The market for access control solutions is highly fragmented owing to the presence of a large number of regional vendors along with major market players. Major players are engaging in strategic partnerships and mergers and acquisitions to expand their global footprint. Recently in May 2017, Gemalto acquired 3M’s identity management business, including 3M Cogent a fully-owned subsidiary providing biometrics for law enforcement, border control, and civil ID.

Segmentation

In this report, Access Control market is segmented by product, service, end user, and geography:

By Product

Hardware

Biometrics

Cards and Readers

Mobile Phones

Others

Software


By Service

Installation and Integration

Maintenance and Support

Professional Services


By End User

Telecommunication

BFSI

Government

Healthcare

Others


By Geography

Americas


North America

U.S.

Canada

Mexico

Others


South America

Brazil

Others


Europe Middle East and Africa

Europe

UK

Germany

France

Others


Middle East and Africa


Asia Pacific

Japan

China

India

South Korea

Others

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics

4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s Five Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
5. Access Control Market Forecast by Product (US$ Billion)
5.1. Hardware
5.1.1. Biometric
5.1.1.1. Market Size and Forecast to 2022
5.1.2. Cards and Readers
5.1.2.1. Market Size and Forecast to 2022
5.1.3. Mobile Phones
5.1.3.1. Market Size and Forecast to 2022
5.1.4. Others
5.1.4.1. Market Size and Forecast to 2022
5.2. Software
5.2.1. Market Size and Forecast to 2022
6. Access Control Market Forecast by Service (US$ Billion)
6.1. Installation and Integration
6.1.1. Market Size and Forecast to 2022
6.2. Support and Maintenance
6.2.1. Market Size and Forecast to 2022
6.3. Professional Services
6.3.1. Market Size and Forecast to 2022
7. Access Control Market Forecast by End User (US$ Billion)
7.1. Telecommunication
7.1.1. Market Size and Forecast to 2022
7.2. BFSI
7.2.1. Market Size and Forecast to 2022
7.3. Government
7.3.1. Market Size and Forecast to 2022
7.4. Healthcare
7.4.1. Market Size and Forecast to 2022
7.5. Others
7.5.1. Market Size and Forecast to 2022
8. Access Control Market Forecast by Geography (US$ Billion)
8.1. Americas
8.1.1. North America
8.1.1.1. U.S.
8.1.1.1.1. Market Size and Forecast to 2022
8.1.1.2. Canada
8.1.1.2.1. Market Size and Forecast to 2022
8.1.1.3. Mexico
8.1.1.3.1. Market Size and Forecast to 2022
8.1.1.4. Others
8.1.1.4.1. Market Size and Forecast to 2022
8.1.2. South America
8.1.2.1. Brazil
8.1.2.1.1. Market Size and Forecast to 2022
8.1.2.2. Others
8.1.2.2.1. Market Size and Forecast to 2022
8.2. Europe Middle East and Africa
8.2.1. Europe
8.2.1.1. UK
8.2.1.1.1. Market Size and Forecast to 2022
8.2.1.2. Germany
8.2.1.2.1. Market Size and Forecast to 2022
8.2.1.3. France
8.2.1.3.1. Market Size and Forecast to 2022
8.2.1.4. Others
8.2.1.4.1. Market Size and Forecast to 2022
8.2.2. Middle East and Africa
8.2.2.1. Market Size and Forecast to 2022
8.3. Asia Pacific 
8.3.1. Japan
8.3.1.1. Market Size and Forecast to 2022
8.3.2. China
8.3.2.1. Market Size and Forecast to 2022
8.3.3. India
8.3.3.1. Market Size and Forecast to 2022
8.3.4. South Korea
8.3.4.1. Market Size and Forecast to 2022
8.3.5. Others
8.3.5.1. Market Size and Forecast to 2022
9. Competitive Intelligence
9.1. Market Share Analysis
9.2. Investment Analysis
9.3. Recent Deals
9.4. Strategies of Key Players
10. Company Profiles
10.1. Vanderbuilt Industries 
10.1.1. Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
10.2. Gemalto 
10.2.1. Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Recent Developments
10.3. Honeywell Security Group
10.3.1. Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Recent Developments
10.4. OT-Morpho
10.4.1. Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Recent Developments
10.5. Matrix Security Solutions
10.5.1. Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. IDenticard Systems
10.6.1. Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. Tyco Integrated Security
10.7.1. Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. Protection One plc
10.8.1. Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Recent Developments
10.9. NEC Corporation 
10.9.1. Overview
10.9.2. Financials
10.9.3. Products and Services
10.9.4. Recent Developments
10.10. Cross Match Technologies
10.10.1. Overview
10.10.2. Financials
10.10.3. Products and Services
10.10.4. Recent Developments
List of Tables
List of Figures
Vanderbuilt Industries 
Gemalto 
Honeywell Security Group
OT-Morpho
Matrix Security Solutions
IDenticard Systems
Tyco Integrated Security
Protection One PLC
NEC Corporation 
Cross Match Technologies
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  • Publishing Date: 2018-03-27
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