Sep 21, 2020 6:00 PM ET
iCrowd Newswire – Sep 21, 2020
Global Access Control and Authentication Market was valued at USD 7.4 billion in 2018 which is expected to reach USD 13.25 by 2027 at a CAGR 8.12%.
Access and authentication system is designed to monitor objects & people, control their access and prevent intrusion into any information or property. This system is responsible for selective restricted access to place. Access control and authentication is controlling tool which used in investigation and prevention of crimes in malls, multiplex, airports, ATMs, and banks.
The market statistics segment briefs on the forecasted CAGR the Access Control and Authentication market is expected to register over the analysis period. The market highlights details driving factors and challenging factors, which can influence the market growth in the forecast period. Our market analysts have meticulously worked on the evolution of the xx market and have identified the recent trends reinforcing the Access Control and Authentication market growth. They have spotted every opportunity based on which the market can capitalize. On scrutinizing, not only the Access Control and Authentication market pitfalls were identified, but also, safety measures and techniques to combat the Access Control and Authentication market are mentioned.
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Increase in demand for access control and authentication system is the key driving factor which is expected to boost the global access control and authentication market growth. Furthermore, rise in need for safety and security will have positive impact on market growth. Moreover, increase in government initiatives for security and safety, which is expected to increase investments on security by organizations, in near future. Also, increase in technological developments will fuel the market growth. For instance, in May 2019, ISR had launched new cloud based passwodless authentication service (CloudGate UNO) in Japan. This service offered as single-sign-on (SSO) and access control service for enterprise.
However, high cost and less awareness among users are restraining factors which are expected to obstruct the global access control and authentication market growth.
Market Key Players
Various key players are discussed in this report such as 3M Company, Safran Morpho, Inc., AR Hungary, Suprema, Inc, Crossmatch Technology, Inc, Bosch Security Systems Inc., Identiv, Inc., Honeywell Security Group, Johnson Controls International PLC, and Dormakaba Holding AG
The report has explored several key dynamics that have a solid influence over the Access Control and Authentication market. This report studied the pricing history, volume trends, and value trends the of the market for the forecast period. Also, the report mentions various market drivers, restraints, as well as opportunities to gain an insightful understanding of the market.
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By Product Type
- Automatic Number Plate Recognition (ANPR)
- Electric Access Control (EAC)
- Document Reader
By End Use
- Transportation & Logistics
- Government and Public Sector
- Utilities/Energy Markets
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Analysis of the Access Control and Authentication market is also done on a regional basis. The report serves analysis, considering the recent market trends, opportunities, and outlook in the regional market. The report also emphasizes on top key players by providing details such as shipments, company profiles, pricing, contact details, product specifications, and others. Also, detailed information of the key players and strategies adopted by them are also presented in the report for a thorough understanding of the overall market. The report also emphasizes on the recent and emerging trends that are occurring within the manufacturing landscape.
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