World Access Control Market Growth, Trends, and Forecast 2019-2024: Key players are 3M Cogent,, Hanwha Techwin, Honeywell Security

DUBLIN, July 9, 2019 /PRNewswire/ -- The "Access Control Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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The access control market is expected to grow at a CAGR of over 9.8% during the forecast period 2019-2024

Acceptance of cloud-based access control and video management solutions are in trends. Each access card, fob controller, calendar permission and technology upgrade is integrated via cloud security so updating secure access changes are both mobile friendly & globally scalable. New doors, offices and users can be added to the system at any time for greater convenience with benefits provided, such as quicker installation time, automatic software updates, flexibility and mobility, managed services with increased cybersecurity.

    --  Deployment of wireless technology in the security system is a key driver
        for the market. Wireless access control sends data to system control
        panels via a wireless radio signal, where wireless sensors are easy to
        move which keep track of all sorts of unique things around the home,
        with real-time alerts that keep aware of what's happening. Moreover,
        wireless intrusion detection and prevention systems also enable
        protection of a wireless network by alerting the wireless network
        administrator in case of a security breach.
    --  Due to increasing crime rates globally public security is a growing
        challenge. Access control systems play a major role in urban security by
        enabling end users to exercise greater control over their domains. The
        most effective way of protecting personnel and assets from theft or harm
        is to limit physical and virtual access to only those individuals who
        can be identified and evaluated. Modern access control systems are
        automating this process with capabilities like encrypted communications,
        which enable authentication by credentials, biometrics, and mobile
        devices.
    --  However, due to less awareness among users about advanced security
        solutions and its usage in various applications, the growth of the
        market can be a challenge in the future.

Scope of the Report

The access control market is increasing as various types of cost-effective security systems is increasing the inclination of individuals towards its usage. Furthermore, preference for wireless as well as IoT based security systems in various applications are leading the market and coupled with rapid urbanization are factors expected to support the growth of the global access control market in the near future.

Key Market Trends

Healthcare Sector to Hold the Major Market Share

    --  In terms of the end-user industries, the healthcare sector is expected
        to drive technological transformation within the market. Critical health
        information can be linked to a duplicate medical record or an incorrect
        one. This affects patient's safety and reputation of the hospital.
    --  The increasing number of data breaches in the United States healthcare
        industry is giving rise to the adoption of biometric scan software. In
        2018, Qualcomm Life, Arm, Philips, ForgeRock, Sparsa, and US TrustedCare
        announced that they had banded together to establish OpenMedReady, a
        standards body focusing on ensuring that the patient data used by
        healthcare practitioners is accurate. They indicated that
        smartphone-based fingerprint recognition will be a key element in their
        framework, as a means of tying medical data directly to patients.
    --  Controlling access to private health records is a crucial way of
        enhancing the overall security of patient data. Therefore, by ensuring
        that only the certified and essential personnel are granted access to
        sensitive data, the risk of data breaches reduces the risks of data
        breaches and theft.
    --  Multi-factor authentication, which mandates for users to verify their
        identities through two or more methods of validation is among the
        most-recommended approaches a healthcare sector can use.

North America to Increasing Adopt Access Control Solutions

    --  Due to increasing cyber and malware attacks in the region have compelled
        several governments and security agencies to enhance security features
        in their transactions through the deployment of RFID and biometric
        technologies, which is further contributing to the overall growth of
        access control market.
    --  The United States accounts for a significant portion of the global
        demand for access control systems as here the users that are mainly
        targeted are the employees, who have administrative access to
        organizational systems, providing hackers complete access to the
        systems. This challenge can be addressed by using a strategic IAM
        (Identity Access Management) strategy such as shifting from passwords to
        biometric authentication. The cloud-based IAM deployment models provide
        various benefits such as economies of scale, reduced costs, elimination
        of hardware deployment, and easier management. Their adoption is growing
        at a fast pace in comparison to the legacy on-premise deployment models.
    --  In July 2018, Bitglass, a leading Cloud Access Security Broker (CASB),
        entered into a partnership with Okta, an identity provider, to bring
        threat protection and real-time data security to companies moving to the
        cloud.

Competitive Landscape

The access control market is highly fragmented with the presence of a few global players and local players in various regions across the world. These companies compete in various developed and developing markets in order to gain higher market shares. However, these companies face immense competition from the local companies which tend to offer effective but cheaper solutions making use of basic technology and components. Thereby, the market has been witnessing a combination of new solutions with enhanced features along with declining prices. Key players in the market are 3M Cogent, Inc., Hanwha Techwin Co., Ltd., Honeywell Security Group, etc.

Recent developments in the market are:

    --  April 2019 - Honeywell highlighted its latest security and fire products
        at ISC West 2019 booth, with product such as OmniAssure Touch, a new
        range of passive intent access control readers are compatible with
        Honeywell's existing security suites, including WINMAG, WIN-PAK, and
        Pro-Watch. Honeywell is highly focused on delivering life safety
        innovations that leverage connectivity to help create a smarter and
        safer world.
    --  March 2019 - NEXT biometrics partnered with UniComm, an IT security
        developer and integrator, which will sell its biometric access control
        solutions in the Russian market. NEXT's fingerprint scanning technology
        will help UniComm to meet its customers' demand for best-in-class
        solutions which help them master today's challenges and stay ahead of
        the curve.

Key Topics Covered:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Deployment of Wireless Technology in Security System to Keep Track
4.3.2 Increasing Crime Rates Due to Urbanization
4.4 Market Restraints
4.4.1 Less Awareness Among Users about Advanced Security Solutions
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
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 Hardware Types
5.1.2 Software
5.1.3 Services
5.2 By End-user Vertical
5.2.1 Commercial
5.2.2 Residential
5.2.3 Government
5.2.4 Industrial
5.2.5 Transport & Logistics
5.2.6 Healthcare
5.2.7 Military & Defense
5.2.8 Other End-user Verticals
5.3 Geography

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Cogent Inc.
6.1.2 Hanwha Techwin Co, LTD.
6.1.3 Gemalto NV
6.1.4 Bosch Security System Inc.
6.1.5 Honeywell Security Group
6.1.6 Tyco Fire and Security (Johnson Controls)
6.1.7 Allegion PLC
6.1.8 Assa Abloy AB Group
6.1.9 Schneider Electric SE
6.1.10 Panasonic Corporation

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/xpz1qk

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