Market for electronic access control systems
The global market for electronic access control systems is experiencing considerable growth as a result of increasing safety problems in various industries, including financial institutions, health care, education and business sectors. The market, with a value of USD 10.47 billion in 2020, is expected to expand with a CAGR of 5.2% from 2021 to 2031, until 2031 to 2031 from USD. This growth is powered by technological progress and the increasing need for improved security solutions.
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Important market factors
1. Opposite safety problems: growing threats of terrorism, vandalism and unauthorized access are the demand for advanced security solutions.
2. Technological progress: the acceptance of touchless access control technologies, biometric authentication and cloud-based security solutions reform the market.
3. Government initiatives: increased investments by governments worldwide in safety infrastructure contribute to market expansion.
4. Cloud-based access control: The possibility of remotely managing multiple locations via cloud platforms improves security and operational efficiency.
Market trends that design the industry
1. Touchless Access Control: The COVID-19 Pandemic has accelerated the approval of contactless security solutions, including face recognition and mobile-based authentication.
2. Biometric technology: the demand for fingerprint, face recognition and iriscanning is increasing due to their accuracy and security benefits.
3. Visitor management systems: Solutions for advanced visitor management improve security by streamlining check -in processes and following visitor movements.
4. On mobile access: with 93% of the American population that has smartphones, mobile access control becomes a preferred alternative for traditional key cards.
Market description and growth engines
• Expansion of applications: the use of electronic access control systems in residential, commercial and defense sectors is growing rapidly.
• Smart Cities Initiatives: Governments worldwide absorb advanced security systems in smart city projects to improve public safety.
• Infrastructure development: increasing the construction of commercial buildings, educational institutions and healthcare institutions encourages the demand for advanced security solutions.
Top Market -Trends
• Cloud-based security solutions: Companies are switching from on-premise security systems to cloud-based models for better scalability and efficiency.
• Multi-factor authentication (MFA): combining biometrics with traditional security methods becomes a standard practice.
• Integration with IoT: The Internet of Things (IoT) plays a crucial role in improving the functionality and efficiency of electronic access control systems.
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Regions
• North -America
• Europe
• Asia Pacific
• Central -East and Africa
• South America
Competitive landscape
Leading companies on the market for electronic access control systems include:
• Assa Abloy AB
• Bosch Sicherheitsystege GmbH
• Fujitsu Limited
• Honeywell International Inc.
• Johnson Controls International PLC
• NEC Corporation
• Panasonic Corporation
• Schneider Electric SE
• Siemens AG
Recent Developments
• Honeywell International Inc. Launched Maxpro Cloud, an integrated cloud -based security platform.
• Bosch Sicherheitsystege GmbH introduced access management system 3.0, designed for organizations on medium -sized to large size.
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About American transparency market research
Transparency Market Research, a global market research agency that is registered with Wilmington, Delaware, United States, offers adapted research and advisory services. The company investigates factors that shape the dynamics of demand in different markets. The insights and perspectives on the markets evaluate opportunities in different segments. The opportunities in the segments based on source, application, demography, sales channel and end use are analyzed, which will determine growth in the markets in the coming decade.
Our exclusive mix of quantitative prediction and trend analysis offers future -oriented insights for thousands of decision -makers, made possible by experienced teams of analysts, researchers and consultants. The own data sources and various tools and techniques that we use always reflect the latest trends and information. With wide research and analysis options, transparency market research uses rigorous primary and secondary research techniques in all its business reports.
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