Trending Report on Access Control Market Expected to Grow at 12.1 Billion In Revenue by 2024

A latest published report on “Access Control Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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Top Companies profiled in the Access Control Market:

  • ASSA ABLOY AB (Sweden)
  • Johnson Controls International plc (Ireland)
  • dormakaba Holding AG (Switzerland)
  • Allegion plc (Ireland)
  • Honeywell Security Group (US)
  • Identiv, Inc. (US)
  • Nedap N.V. (Netherlands)
  • Suprema HQ Inc. (South Korea)
  • Bosch Security Systems Inc. (US)
  • Gemalto N.V. (Netherlands)

 

The Access Control Market is expected to grow from US$ 7.5 Billion in 2018 to US$ 12.1 Billion by 2024, at a CAGR of 8.24% from 2018 to 2024. This report spread across 208 pages, profiling 10 companies and supported with 65 tables and 52 figures is now available in this research.

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“Residential vertical to hold significant share of access control market by 2024”

The access control market for the residential vertical is expected to grow at the highest CAGR from 2018 to 2024. In smart homes, access control systems are used to enhance security. The key factors contributing to the growth of this market include the rise in crime rates, ongoing technological advancements, increasing need for hazards detection such as fire and gas leaks, and ensuring the safety of children at home. The growing smart home market will lead the demand for access control solutions in the residential sector.

 

“North America to be largest access control market by 2024”

North America is expected to hold the largest share of the access control market during the forecast period. 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.

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