Uploaded on Dec 22, 2020
The shift from key-based to keyless Access Control System has eliminated the stress associated with key-dependent access systems, such as keys misplacement, etc. It has, furthermore, enhanced the end-user experience, as these systems are comparatively more efficient, faster processing power, and multitude options for unlocking doors (RFID, biometric, keypad, and key, all in one access system to eliminate the dependence on one type of access system), and remote accessibility.
Access Control System Market Size, Share, Trends, Growth And Forecast To 2027
Access Control System Market
Set to Exceed $15.62 Billion By 2027 | CAGR: 8.0%
“Access Control System Market Share, Size, Trends,
Industry Analysis Report, By Type [Hardware (Card-based
Readers, Biometric Readers, Multi-technology Readers,
Electronic Locks, Controllers, Others), Software, Services];
By End Use; By Regions; Segment Forecast, 2020 - 2027”
Access Control System Market Estimate & Forecast to 2027
The global access control system market size is expected to reach USD 15.62 billion by 2027 according
to a new study by Polaris Market Research.
The shift from key-based to keyless Access Control System has eliminated the stress associated with
key-dependent access systems, such as keys misplacement, etc. It has, furthermore, enhanced the end-
user experience, as these systems are comparatively more efficient, faster processing power, and
multitude options for unlocking doors (RFID, biometric, keypad, and key, all in one access system to
eliminate the dependence on one type of access system), and remote accessibility.
Owing to such features, Access Control System are now widely installed across several industries, and
the market, globally, is furthermore expected to witness impelling growth during the forecast period as
well. Moreover, the desired need for enhanced security, living standards, and spending capability of the
population are furthermore expected to drive the market.
Finger-vein recognition technology requires finger scanning with the use of infrared sensor and a
chargeable device, which highlighting unique finger pattern in a database aiming to reduce dummy finger
issues providing high security and has found mass growth in sectors like attendance tracking, border
control, etc.
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Access Control System Market Scope
By Type By End-Use By Region Report Attributes
Commercial North America Historic year: 2015-2016
Hardware
Military & Defense Europe Base year: 2017
Software Government Asia Pacific Forecast Year: 2018-2027
Residential Latin America Middle East & Revenue ((USD Million)
Services
Education Africa
Healthcare
Manufacturing & Industrial
Transportation
Others
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Access Control System Market Estimate & Forecast to 2027
Owing to the increasing burglaries in residential areas has led to the high demand for enhanced access
systems. Besides this, increasing adoption of smartphones is observed, globally. Henceforth, the lack of
presence of competition in the remote access control system market, in response to the increasing
demand for remote access security from the end-users, poses a high growth opportunity for vendors
planning on investing in the same.
Use of artificial intelligence and smart applications like biometrics and card-based access control system
add value to business ensuring high-level security with enormous indirect data collection pertaining to the
employees. High-security doors mounted with intelligent PACs are being installed in areas like server
room racks and cabinets, this is expected to drive market growth.
Companies such as Honeywell International, Allegion, Avigilon, Bosch security, Johnson controls, 3M
Cogent Inc., Accu-Time Systems Inc., Aware Inc., Bio-Key International Inc., Axis communications, Assa
Abloy, United Technologies Corporation, Digital Persona Inc., IrisID Systems Inc., Morphotrak LLC, NEC
Corporation, and Secugen Corporation are few key players operating in the Access Control System
market.
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Access Control System Market Size
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