Global Access Control Market worth USD 7,361.57 Million by 2025

Global Access Control Market worth USD 7,361.57 Million by 2025

Pune, India, April 04, 2019 -- /360iResearch/ -- The report "Global Access Control Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 4,291.15 million in 2018 and is projected to reach USD 7,361.57 million by 2025, growing at a CAGR of 8.02% from 2018 to 2025.

The major forces driving the growth of the access control market include the need for effective and authorized access to physical and logical resources due to increasing instances of crime rates and reduced risk and improved compliance in application economy. Moreover, increasingly distributed mobile workforce and applications and adoption of intelligent access control by many industries are also some of the factors that are driving the market growth. However lack of trust in third party, and invisible complexity while switching to the cloud may hinder the market growth. In the middle of difficulty lies opportunity such as the increased integration across products in mobile and cloud momentum, emergence of wireless technology and automation, and rfid badge -based authentication for evolving industry. The possible challenges for the market growth is connectivity, integrity, and manageability issues. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global access control market is studied across Hardware, Services, and Software. Based on industry, the global access control market is studied across Aerospace & Defense, Commercial, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, and Residential. Based on geography, the global access control market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the access control market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are ASSA ABLOY AB, Areff Systems AB, Axema Access Control AB, Axis Communications AB, Bekey A/S, CERTEGO AS, Conlan, Nexus Group, PCSC, Provektor Sweden AB, RCO Security AB, Salto Systems S.L., TLab West AB, Zwipe AS, dormakaba Holding AG, and iLOQ Ltd..

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