Sat. Dec 5th, 2020

Access Control

Access Control Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Access Control market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Healthcare Sector to Hold the Major Market Share

– In terms of the end-user industries, the healthcare sector is expected to drive technological transformation within the market. Critical health information can be linked to a duplicate medical record or an incorrect one. This affects patient’s safety and reputation of the hospital.
– The increasing number of data breaches in the healthcare industry is giving rise to the adoption of biometric scan software. In 2018, Qualcomm Life, Arm, Philips, ForgeRock, Sparsa, and US TrustedCare announced that they had banded together to establish “OpenMedReady“, a standards body focusing on ensuring that the patient data used by healthcare practitioners is accurate. They indicated that smartphone-based fingerprint recognition will be a key element in their framework, as a means of tying medical data directly to patients.
– Controlling access to private health records is a crucial way of enhancing the overall security of patient data. Therefore, by ensuring that only the certified and essential personnel are granted access to sensitive data, the risk of data breaches reduces the risks of data breaches and theft.
– Multi-factor authentication, which mandates for users to verify their identities through two or more methods of validation is among the most-recommended approaches a healthcare sector can use.

North America to Increasing Adopt Access Control Solutions

– Due to increasing cyber and malware attacks in the region have compelled several governments and security agencies to enhance security features in their transactions through the deployment of RFID and biometric technologies, which is further contributing to the overall growth of access control market.
– The accounts for a significant portion of the global demand for access control systems as here the users that are mainly targeted are the employees, who have administrative access to organizational systems, providing hackers complete access to the systems. This challenge can be addressed by using a strategic IAM (Identity Access Management) strategy such as shifting from passwords to biometric authentication. The cloud-based IAM deployment models provide various benefits such as economies of scale, reduced costs, elimination of hardware deployment, and easier management. Their adoption is growing at a fast pace in comparison to the legacy on-premise deployment models.
– In July 2018, Bitglass, a leading Cloud Access Security Broker (CASB), entered into a partnership with Okta, an identity provider, to bring threat protection and real-time data security to companies moving to the cloud.

Market Overview:

  • The access control market is expected to grow at a CAGR of over 9.8% during the forecast period (2019-2024). Acceptance of cloud-based access control and video management solutions are in trends. Each access card, fob controller, calendar permission and technology upgrade is integrated via cloud security so updating secure access changes are both mobile friendly & globally scalable. New doors, offices and users can be added to the system at any time for greater convenience with benefits provided, such as quicker installation time, automatic software updates, flexibility and mobility, managed services with increased cybersecurity.
  • – Deployment of wireless technology in the security system is a key driver for the market. Wireless access control sends data to system control panels via a wireless radio signal, where wireless sensors are easy to move which keep track of all sorts of unique things around the home, with real-time alerts that keep aware of what’s happening. Moreover, wireless intrusion detection and prevention systems also enable protection of a wireless network by alerting the wireless network administrator in case of a security breach.
  • – Due to increasing crime rates globally public security is a growing challenge. Access control systems play a major role in urban security by enabling end users to exercise greater control over their domains. The most effective way of protecting personnel and assets from theft or harm is to limit physical and virtual access to only those individuals who can be identified and evaluated. Modern access control systems are automating this process with capabilities like encrypted communications, which enable authentication by credentials, biometrics, and mobile devices.
  • – However, due to less awareness among users about advanced security solutions and its usage in various applications, the growth of the market can be a challenge in the future.

    Key Manufacturers Like 

  • 3M Cogent Inc.
  • Hanwha Techwin Co, LTD.
  • Gemalto NV
  • Bosch Security System Inc.
  • Honeywell Security Group
  • Tyco Fire and Security (Johnson Controls)
  • Allegion PLC
  • Assa Abloy AB Group
  • Schneider Electric SE
  • Panasonic Corporation.

    Scope of the Report:

  • The access control market is increasing as various types of cost-effective security systems is increasing the inclination of individuals towards its usage. Furthermore, preference for wireless as well as IoT based security systems in various applications are leading the market and coupled with rapid urbanization are factors expected to support the growth of the global access control market in the near future.

    Access Control market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Access Control market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Access Control market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Access Control market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Access Control market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Access Control ?
    • Who are Opportunities, Risk and Driving Force of Access Control market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Access Control space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Access Control market opportunities, market risk and market overview of the Market?

    Lastly, the Global Access Control Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Access Control Market Report:

    • To provide a detailed analysis of the market structure along with the Access Control market forecast of various segments and sub-segments of the Access Control market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Access Control market trends that influence the global Access Control market

    Detailed TOC of Access Control Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Deployment of Wireless Technology in Security System to Keep Track
    4.3.2 Increasing Crime Rates Due to Urbanization
    4.4 Market Restraints
    4.4.1 Less Awareness Among Users about Advanced Security Solutions
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Hardware
    5.1.1.1 Card Readers
    5.1.1.2 Biometric Readers
    5.1.1.3 Electronic Locks
    5.1.1.4 Multi-Technology Readers
    5.1.1.5 Hardware Types
    5.1.2 Software
    5.1.3 Services
    5.2 By End-user Vertical
    5.2.1 Commercial
    5.2.2 Residential
    5.2.3 Government
    5.2.4 Industrial
    5.2.5 Transport & Logistics
    5.2.6 Healthcare
    5.2.7 Military & Defense
    5.2.8 Other End-user Verticals
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 3M Cogent Inc.
    6.1.2 Hanwha Techwin Co, LTD.
    6.1.3 Gemalto NV
    6.1.4 Bosch Security System Inc.
    6.1.5 Honeywell Security Group
    6.1.6 Tyco Fire and Security (Johnson Controls)
    6.1.7 Allegion PLC
    6.1.8 Assa Abloy AB Group
    6.1.9 Schneider Electric SE
    6.1.10 Panasonic Corporation

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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