WiseGuyReports.com adds new report on “Global Access Control Solutions Market 2016-2020” of 52 pages with table and figures on its research store.
This global market research report presents a detailed segmentation of the access control solutions market by end user (government, BFSI, healthcare, transportation, and others) and by geography (APAC, Europe, MEA, North America, and South America). The key leading vendors analyzed in this market study are 3M Cogent, Gemalto, Honeywell Security, and Safran.
Outlook of the global access control solutions market
The global market for access control solutions will grow steadily over the forecast period and will exhibit an impressive CAGR of over 13% by 2020. The rising need for a high level of data and identity security in corporate firms will lead to the growth of this market. In recent times, the need for access control solutions like biometrics and smart cards has increased owing to the recent rise in the number of terrorist attacks and criminal activities. Since most corporate employees use their mobile devices to access company data, the demand for access control solutions will increase significantly as these devices are highly vulnerable to attacks.
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Technavio’s market research analyst has estimated eminent factors, such as the introduction of contactless access control solutions, to drive the prospects for market growth during the estimated period. Contactless access control is primarily used in the utility sector like oil and gas, water treatment plants, and construction sites. Hand geometry coupled with smart devices like tablets, laptops, and notebooks allows the contactless approach, as an image of the palm can be captured with the camera of a mobile device and can then be used to secure these devices and applications from hackers and viruses while providing access to authenticated users.
End-user segmentation and analysis of the access control solutions market
During 2015, the government sector dominated this market and accounted for a market share of more than 31%. According to this market research, factors such as increasing incidences of criminal activities and fraud across the government sector will lead to the high demand for access control solutions. In this sector, access control solutions also help to track the attendance of employees. This ability to monitor the employee’s attendance will facilitate workforce management.
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Geographical segmentation and analysis of the access control solutions market
- North America
- South America
In this market research report, analysts have estimated Europe to be the largest market for access control solutions during the forecast period. Increasing security concerns will lead to the high demand for access control among the government and BFSI sectors. Furthermore, with the increasing implementation of stringent regulations by the government to ensure homeland security, the market for access control solution will have a positive outlook until 2020.
Competitive landscape and key vendors
This market is highly fragmented owing to the presence of many small regional suppliers and large multinational vendors. During the forecast period, the established access control vendors will acquire smaller vendors to expand their product portfolio and boost market shares. The market is also characterized by the presence of numerous well-diversified international and regional vendors.
Key leading vendors in the market are -
- 3M Cogent
- Honeywell Security Group
Other prominent vendors analyzed in this market research are Allegion, AMAG Technology, ASSA ABLOY, Gallagher Group, HID Global, ISGUS, and Tekno Electro Solutions.
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