Physical Access Control Market Growth Focusing on Trends & Innovations during the Period Until 2028

Posted on 2018-09-26 by Mark Hub in Technology // 0 Comments

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Rockville, US, 2018-Sep-26 — /EPR Network/ — As smartphones have become an essential device today, industries are moving towards smartphones for secure physical access control by replacing current PIN systems, cards, and keys. There is an inclusion of NFC and Bluetooth technology in smartphones which provides a feature for exchanging data, so users can present mobile credentials from their phones to a control access reader through a physical access control technology. Also, the use of wearables in the access control market has substituted traditional locking methods used in physical access control in the same way as smartphones. Rings, wristbands, and glasses have notably been developed, but are not very widespread. Physical access control can be defined as a system capable of identifying who enters or leaves an area of control, and managing the admittance of the person to the building, a specific space, or site.

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Physical Access Control Market: Drivers and Challenges

Strong adoption of smartphones and other mobile devices as authentication systems acts as a key driver for the physical access control market. Another driver for the physical access control market are the growing security concerns all round the world, especially for the entrances of offices. The physical access control technologies market has also been related to timing and lifestyle. As security systems were installed long back in enterprises, which were the old physical access control technologies, enterprises now like to invest less on new systems like smartphone access due to scarcity of funds. A lot of businesses are now spending on upgrading physical access control systems. Another driver for the physical access control market includes the reduction of credential costs, as new credential forms drive costs down; like the cost of traditional proximity cards over digital credentials has been on the higher side in the physical access control market.

It takes more time for people to accept to change in their personal lives. As such, end user acceptance has been a major issue, and is restraining the physical access control market. Also, since the sector is slowly changing, the migration to new systems may take some time. The physical access control market is stuck with card-based systems, often proprietary, where smart cards for physical access control and also biometrics for physical access control have been long awaited, but have not been reaching the mass market. This has also acted as a restraint for the physical access control market.

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Physical Access Control Market: Market Participants

Examples of some of the market participants in the global physical access control market identified across the value chain include Honeywell Security, Bosch Security, Safran Security, Assa Abloy, Tyco, Axis, Allegion, Aiphone, TKH Group, Avigilon, and others.

Physical Access Control Market: Regional Overview

On the basis of geography, the global physical access control market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa. Among all these regions, North America and Asia Pacific excluding Japan are expected to hold a major market share in the global physical access control market during the forecast period, due to the rising penetration of security systems related to physical access control technologies in small- and medium-sized enterprises. The APEJ physical access control market is expected to be the fastest-growing market during the forecast period, due to continuous developments in developing countries such as Greater China and India, and increasing disposable income.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, type, and end user industry.

The report covers exhaustive analysis on,

Market Segments
Market Dynamics
Historical Actual Market Size, 2013–2017
Market Size & Forecast, 2018 to 2028
Supply & Demand Value Chain
Current Trends/Issues/Challenges
Competition & Companies Involved
Market Value Chain
Market Drivers and Restraints

Regional analysis includes,

North America

Canada

Latin America

Brazil
Mexico
Argentina
Chile
Peru
Rest of LatAm

Europe

EU – 4 (Germany, France, Italy, Spain)
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe

CIS & Russia

Japan

APEJ

Greater China
India
Korea
ASEAN Countries
Rest of APEJ

Middle East & Africa

GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

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