Global Access Control Market Growth & Trends - Forecast to 2023
DUBLIN, Aug. 20, 2018 /PRNewswire/ --
The "Global Access Control Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Global Access Control Market was valued at USD 6.8 billion in 2017, and is expected to reach a value of USD 11.1 billion by 2023 at a CAGR of 8.45%, over the forecast period (2018-2023).
Increasing Threats for Identity Theft Emphasize the Growth in the Use of Access Control for Governments
According to the FBI's Internet Crime Complaint Center (IC3), the Business Email Compromise (BEC) scam saw an increase of 1,300% in identified exposed losses, totaling over USD 3 billion, since January 2015. Such losses could be better controlled through the use of access control software. According to the Association of Fraud Examiners in 2015 the amount of internal theft accounts for about 5% of annual revenue for companies.
The implementation of access control systems contributes to the growth in the safety and security of office surroundings. Such identity theft of data has been increasing owing to which governments have been adopting the use of access control systems. As the cyber attacks, frauds and government authentication mandates continue to grow in sophistication and scope, the need to strengthen security while reducing costs is paramount across various industry verticals.
Residential Control Systems are One of the Prime Markets for Access Control Market
Modern society is increasingly seeking new ways to simplify their lives. The ultimate goal is to fit more activities into the same space of time but with the least exertion of physical energy. At the same time, the increasing theft attacks and enhanced insecurity in the society leads to the strong measures taken for security.
An access control system has innovative features that keep homeowners safe and secure. The benefits of using access control systems for residential use is that they provide an increased layer of security. At the same time, access control provides remote access feature to control panel and doors of the home thus make it easier use for the people with busy schedule. The technological advancement in access control also provides the option of accessing the house and check the security of the house even if not in the same city or state.
North America has Been Found to Have High Adoption for Business Process Management
The Unites States is expected to dominate the North America access control market throughout the forecast period; the country accounted for a major share of the market in 2018. Increase in crime rates, cyber-attacks and terrorist attacks are the major factors that are driving forward the United States access control market. The Homeland Security Council is using the United States Standard for Biometric Screening, which is a ten fingerprint scan. Fingerprints of visa applicants are collected at all United States Embassies and Consulates.
The increasing demand for more secure solutions has resulted in technologically advanced security products. In addition, there is an increasing demand in the healthcare segment for hygienic biometric patient identification systems; this trend is driving the United States noncontact biometric market towards continued robust growth in the coming years. In addition, this pattern is considered to be a burning trend in the United States.
Developments in the Market
- April 2018 - Fort Campbell is being installed with access control mechanisms to check driving licenses as well as military ID.
- April 2018 - Indian railways strengthens surveillance mechanism and has identified about 202 railway stations to install Integrated Security Systems etc.
Key Topics Covered
1. Introduction
1.1 Study Deliverables
1.2Study Assumptions
1.3 Research Methodology
1.4 Key Findings in the Study
1.5 Market Definition
2. Executive Summary
3. Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing Government Initiative
3.2.2 Growing Crime Rates
3.2.3 Escalating Terrorist Activities
3.3 Market Restraints
3.3.1 High Initial Investments
3.3.2 Lack of Awareness
3.4 Industry Value Chain Analysis
3.5 Industry Attractiveness - Porter's Five Force Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitutes
3.5.5 Intensity of Competitive Rivalry
4. Technology Snapshot
5. Global Access Control Market Segmentation and Forecast
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 Others
5.1.2 Software
5.1.3 Service
5.2 By Vertical
5.2.1 Commercial
5.2.2 Residential
5.2.3 Logistics & Retail
5.2.4 Government and Transportation
5.2.5 Industrial
5.2.6 Healthcare
5.2.7 Military & Defense
5.2.8 Others
5.3 By Region
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Others
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.2.3.5 Others
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Argentina
5.3.4.4 Others
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Israel
5.3.5.4 Others
6. Competitive Intelligence - Company Profiles
6.1 Honeywell Security Group
6.2 Amag Technology Inc.
6.3 ASSA Abloy AB Group
6.4 Gallagher Group Limited
6.5 Gemalto NV
6.6 Crossmatch Technologies Inc.
6.7 Morpho SA
6.8 Samsung Techwin
6.9 3M Cogent
6.10 NEC Corporation
7. Investment Analysis
7.1 Recent Mergers & Acquisitions
7.2 Investor Outlook
8. Future of Global Access Control Market
For more information about this report visit https://www.researchandmarkets.com/research/p2pg27/global_access?w=5
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