Access Control Market : Technology Advancements, Industry Insights, Trends And Forecast 2032 | Honeywell International Inc, Robert Bosch GmbH, Assa Abloy AB, Johnson Controls International Inc, Thales Group

The Business Research Company’s Access Control Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Access Control Global Market Report 2023 evaluates access control market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Top 5 Major Key Players Are:

• Honeywell International Inc
• Robert Bosch GmbH
• Assa Abloy AB
• Johnson Controls International Inc
• Thales Group

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The global access control market is on the cusp of significant expansion, with expectations of its valuation surging from $17,461.9 million in 2026, marking a commendable growth rate of 10.6%. This sector’s growth trajectory is anticipated to continue its upward momentum, underpinned by projections indicating a robust Compound Annual Growth Rate (CAGR) of 14.3% from 2026 onwards. Consequently, this trajectory is set to culminate in the market attaining a substantial valuation of $34,116.2 million by the year 2031.

This growth narrative underscores the pivotal role played by access control solutions in ensuring security, efficiency, and convenience in a myriad of applications, spanning from commercial establishments to critical infrastructure. The access control market is poised to remain a cornerstone of the broader security industry, driven by the imperative for enhanced access management and the continuous evolution of security technology.

The increase in adoption of access control by the hospitality sector is expected to promote the access control market in the forecast period. Access control helps the hospitality sector in asset protection, restrict unauthorized access to ensure that not only guests are secure but that their belongings are secure and allows centralized control to monitor every branch. Due to increasing cyber and malware attacks, the hospitality sector is compelled to enhance security features and is further contributing to the growth of the access control market. For instance, in October 2021, The Residence Inn by Marriott La Quinta, a US-based hotel and Residence Inn by Marriott Phoenix West/Avondale, adopted VingCard Signature radio frequency identification (RFID) locks equipped with mobile access technology and supported by the Visionline access management system.  Therefore, the increasing adoption of access control by the hospitality sector will drive the access control market.

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The access control market segments in the report are:

1) By Type: Card Based; Biometric Based

2) By Vertical: Commercial; Military And Défense; Government; Residential; Education, Healthcare And Others; Manufacturing And Industrial; Transportation; Hospitality

3) By Deployment Model: Cloud; On-Premises

The table of contents in TBRC’s access control market report includes:

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure

…………..

18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Access Control Market, Conclusions And Recommendations
22. Appendix

List Of Tables:
Table 1: Global Access Control Market, Historic, 2016 – 2021, $ Million
Table 2: Global Access Control Market, Forecast, 2021 – 2026, 2031F, $ Million
Table 3: Global Access Control Market, Segmentation By Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %
Table 4: Global Access Control Market, Segmentation By Type, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million
Table 5: Global Access Control Market, Segmentation By Vertical, Historic And Forecast, 2016 – 2021, 2026F, 2031F, %

……………….

Table 180: Global Access Control Market Size Gain ($ Million), 2021 – 2026, By Country
Table 181: Global Access Control Market Size Gain ($ Million), Segmentation By Type, 2021 – 2026
Table 182: Global Access Control Market Size Gain ($ Million), Segmentation By Vertical, 2021 – 2026
Table 183: Global Access Control Market Size Gain ($ Million), Segmentation By Deployment Model, 2021 – 2026
Table 184: Access Control – Market Data Sources

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