Industrial Access Control Market Worth 1,317.9 Million USD by 2023
PUNE, India, June 14, 2017 /PRNewswire/ --
According to the new market research report "Industrial Access Control Market by Component (Hardware (Card-Based Readers, Biometrics Readers, Electronic Locks, and Controller/Server), and Software), Service (Installation, Maintenance, and ACaaS), Application, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the Industrial Access Control Market is expected to be worth USD 1,317.9 Million by 2023, at a CAGR of 8.33% between 2017 and 2023.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 61 market data tables and 43 figures spread through 148 pages and in-depth TOC on "Industrial Access Control Market - Global Forecast to 2023"
http://www.marketsandmarkets.com/Market-Reports/industrial-access-control-market-185206656.html
Early buyers will receive 10% customization on this report
The major driver for the growth of the industrial access control market is the high adoption of access control solutions due to growing security concerns in industrial applications globally. The overall industrial access control market is driven by factors such as technological advancements and deployment of wireless technology in security systems, and adoption of access control as a service (ACaaS).
Electronic locks expected to drive the growth of the industrial access control market
The market for electronic locks is expected to grow at the highest CAGR between 2017 and 2023. This is primarily due to reduced cost, increased convenience of not carrying any separate credential such as cards or key fobs. It also enables the users to monitor and operate remotely and transfer the credential over the mobile phones. These additional features are driving electronic locks for the industrial access control market.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=185206656
Utilities application is expected to grow at the highest rate between 2017 and 2023
Utilities application is the largest application driving the growth of industrial access control market for avoiding security threats. Security solutions are a vital part of every industrial area setup and thus are expected to grow at a high rate during the forecast period. Protecting the infrastructure and assets from threats such as accidents, vandalism, theft, sabotage, and terrorism is the major concern for utilities application. These security issues increase the demand for access control systems and solutions for this application.
Asia Pacific to witness the highest growth between 2017 and 2023
The industrial access control market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023. The reason for this growth is the huge population base, rapid industrialization, and increasing focus on security threats in this region. In APAC, the industrial access control market is mainly driven by China, Japan, and India because of the rapid pace of industrialization in these countries. Therefore, the industrial access control market in APAC is expected to witness rapid growth between 2017 and 2023.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=185206656
Key players in the ecosystem of the industrial access control market profiled in this report are ASSA ABLOY AB (Sweden), Johnson Controls International PLC (Ireland), dorma+kaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (US), NEC Corporation(Japan), Bosch Security Systems Inc. (Germany), Identiv, Inc. (US), Siemens Building Technologies (Switzerland), and 3M Company (US).
Browse Related Reports
Access Control Market by Type (Hardware, Software & Services), Hardware (Magnetic Stripe, Proximity & Smart Cards, Biometrics, Electronic Locks (Electromagnetic, Electric Strike, Wireless), Controller/Server, Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/access-control-market-164562182.html
Access Control as a Service Market by Service (Hosted, Managed), Deployment (Public Cloud, Private Cloud), End-Use Application (Commercial, Manufacturing & Industrial, Government Bodies, Utilities), Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/access-control-as-a-service-market-14330268.html
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]
Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article