Access Control Market size worth US$11.029 billion by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Access Control Market” – which is forecasted from 2020 to 2027”.
The key factors propelling the growth of the Access control market are rising cybersecurity issues and data breach incidences, coupled with innovations in technology.
As per the report, the Access control market is projected to grow steadily throughout the anticipated period.
Access control is an important component of data security that looks over who is allowed to access and use the company information and resources. Access control rules ensure users are whom they claim to be and have authorized access to company data through authentication and authorization. It is primarily a security technique. In computing, access control refers to the process through which users are granted specific permissions as well as authorization to access systems, resources, or data. By analyzing login credentials such as passwords, PINs, biometric scans, security tokens, and others, these control systems carry out user identity authentication and authorization. The main goal is to restrict access to a facility or system to authorized individuals.
The Access control market has been categorized based on product, deployment, end-user industry, and geography.
By product, the Access control market has been classified into hardware, software, and services. According to the analysts, the hardware segment holds a dominant share of the access control market. Additionally, the software category is anticipated to expand rapidly. One of the main factors driving the increased use of access control systems is the growing demand for better security and access control management in a variety of business sectors, governmental organizations, and other settings to monitor, permit and restrict access to diverse entities. Furthermore, based on the deployment, the classification has been done into the cloud and on-premise.
By end-user industry, the Access control market is divided into telecommunication, BFSI, government, healthcare, and others. Due to the sensitivity of the data, access control has become even more crucial in the BFSI sector. One of the main contributing factors to the increase in demand for various access control solutions has been this. The healthcare industry is a major driver of demand for access control systems as part of patient security. For hospitals, having a physical access control system is essential because it makes it easier to put important rules and regulations into practice for both staff and doctors as well as patients and visitors. As a result of the increased acceptance of linked healthcare in both developed and emerging countries, it is expected that the healthcare sector would expand at a significant rate.
Geographically, the market is divided into North America, South America, Europe, the Middle East and Africa, and Asia-pacific. During the forecast period, the Asia-pacific region is anticipated to hold a considerable share of the market and is expected to grow at a notable rate owing to globalization and rapid urbanization in the growing industries in the region.
The COVID-19 pandemic had a significant impact on the Access control market. The travel restrictions and the closure of offices to prevent the spread of the virus gave birth to new concepts such as online work and online education.
As a part of the report, the major players operating in the Access control market, that have been covered are Vanderbilt Industries, Gemalto NV, Honeywell International Inc, IDEMIA, Matrix Comsec Pvt. Ltd., Brady Corporation, Tyco International, Protection One, a division of ADT LLC, NEC Corporation, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., HID Global Corporation, an ASSA ABLOY Group.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/access-control-market
This analytics report segments the Access control market on the following basis:
- By Product
- Cards and Readers
- Mobile Phones
- By Service
- Installation and Integration
- Support and Maintenance
- Professional Services
- By Deployment
- By End User Industry
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
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