DUBLIN, Sept. 17, 2019 /PRNewswire/ -- The "Access Control Reader Market by Reader Type (Card-based Readers, Biometric Readers, and Multi-technology Readers), Smart Card Technology Type (iCLASS, MIFARE, DESFire, Advant), Vertical, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The access control reader market is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.5%
The growth of this market is mainly driven by the high demand for enhanced security; contactless interfaces to boost adoption of smart cards; and increased convenience, enhanced security identity management, and improved human resource management. Rapid urbanization in emerging economies provides a major opportunity for the growth of the access control reader market. However, limited awareness about advanced security solutions among users restrains the market's growth.
APAC is expected to hold the largest share of the access control reader market during the forecast period. Emerging economies are working toward improving their infrastructure, which is expected to impel the growth of the access control reader market. The rising adoption of access control readers in small- and medium-sized enterprises, hospitality businesses, airports, ATMs, banks, residential buildings, and religious places is expected to accelerate the access control reader market growth in the region.
Increasing urbanization by way of smart cities in emerging economies such as India and China is expected to provide significant growth opportunities to players in the access control reader market. In these economies, the concentration of industrial development in cities leads to a growing demand for infrastructure, is expected to boost the demand for advanced biometric solutions and smart cards.
Major companies operating in the market include ASSA ABLOY AB (Sweden), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Identiv, Inc. (US), IDEMIA Group (France), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Gemalto N.V. (Netherlands), NAPCO Security Technologies, Inc. (US), and Avigilon Corporation (Canada).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Key Driving Factors Pertaining to Access Control Reader Market
4.2 Smart Card Reader Market, By Technology
4.3 Access Control Reader Market in Europe, Card-Based Reader Type and Country
4.4 Access Control Reader Market, By Country
5 Market Overview
5.2 Market Dynamics
126.96.36.199 High Demand for Enhanced Security
188.8.131.52 Contactless Interfaces to Boost Adoption of Smart Cards
184.108.40.206 Increased Convenience, Enhanced Secure Identity Management, and Improved Human Resource Management
220.127.116.11 Limited Awareness About Advanced Security Solutions Among Users
18.104.22.168 Increasing Urbanization in Emerging Economies
22.214.171.124 Security Concerns Related to Unauthorized Access and Data Breach
5.3 Value Chain Analysis
6 Access Control Reader Market, By Reader Type
6.2 Card-Based Readers
6.2.1 Magnetic Stripe Readers
126.96.36.199 Magnetic Stripe Readers Accounted for Smallest Share of Card-Based Reader Market, in Terms of Value and Volume, in 2018
6.2.2 Proximity Card Readers (125 Khz)
188.8.131.52 Proximity Card Readers are Expected to Hold Significant Size of Card-Based Reader Market, in Terms of Value and Volume, During the Forecast Period
6.2.3 Smart Card Readers (13.56 Mhz)
184.108.40.206 Smartcard Readers Expected to Witness Highest CAGR in Card-Based Reader Market During Forecast Period
6.3 Biometric Readers
220.127.116.11 Fingerprint Held Largest Size of Biometric Reader Market, in Terms of Value and Volume, in 2018
6.3.2 Palm Recognition
18.104.22.168 Palm Recognition Readers are Used in Access Control Systems for Security Purpose
6.3.3 IRIS Recognition
22.214.171.124 IRIS Recognition Readers Provide High Accuracy for Authentication
6.3.4 Face Recognition
126.96.36.199 Face Recognition Readers to Exhibit Highest CAGR in Biometric Reader Market During Forecast Period
6.3.5 Vein Recognition
188.8.131.52 Vein Recognition Readers Gaining Visibility in Upcoming Years for Biometric Readers
6.3.6 Voice Recognition
184.108.40.206 Voice Recognition Readers' Usability for Restricting Unauthorized Access
6.4 Multi-Technology Readers
6.4.1 Multi-Technology Readers to Account for Significant Size of Access Control Reader Market During Forecast Period
7 Smart Card Reader Market, By Technology Type
7.2.1 iCLASS Technology to have Significant Demand for Smartcard Readers
7.3.1 MIFARE Technology Expected to Witness at Highest Growth Rate During Forecast Period
7.4.1 DESFire TechnologyAdvanced Version of MIFARE Family
7.5 LEGIC Advant
7.5.1 Small Market Share of Advant Due to Limited Access
8 Access Control Reader Market, By Vertical
8.2.1 Access Control Readers Witness High Adoption in Enterprises and Data Centers for Security Purposes
220.127.116.11 Enterprises and Data Centers
18.104.22.168 Banks and Financial Centers
22.214.171.124 Hotels, Stadiums, and Amusement Parks
126.96.36.199 Retail Stores and Malls
8.3.1 Government Vertical Expected to Grow at Significant Rate of During Forecast Period
8.4.1 Residential Vertical Expected to Grow at Highest CAGR During Forecast Period
9 Geographic Analysis
- ASSA ABLOY AB
- Dormakaba Holding AG
- Allegion PLC
- Identiv, Inc.
- Nedap N.V.
- Suprema Hq Inc.
- Gemalto N.V. (Thales Group)
- NAPCO Security Technologies, Inc.
- Avigilon Corporation (MotoRoLA Solutions, Inc.)
- Peter Hengstler GmbH+Co. (PHG)
- Paxton Access Ltd.
- Castles Technology
- DUALi Inc.
- AMAG Technology, Inc.
- AXIS Communications AB
- PAX Technology Limited
- Advanced Card Systems Limited
- Gallagher Group Limited
- Brivo, Inc.
- Salto Systems S.L.
- Vanderbilt Industries
- Arabit Systems Inc.
- Idteck Co., Ltd.
- Union Community Co., Ltd.
- Nortech Control Systems Limited
- Stanley Convergent Security Solutions, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/x84k6p
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