New York, U.S., Sept. 22, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report from Market Research Future (MRFR), “Industrial Access Control MarketBy Access Type, By Services, By End-User – Forecast 2030” will reach $25.3 billion by 2030 at a CAGR of 8.60%, according to the Market Research Future Report.
Industrial Access Control Market Overview:
The impact of COVID-19 has restricted and reduced the global industrial access control market. The industrial access control system market has declined in popularity like any other industry. Due to the decreased sales demand, the industrial access control system was forced to develop new concepts. By implementing the new development measures and techniques, this industry is successfully increasing its production rate and target market. Global Access Control & Authentication Market supply chain has been impacted as a result of COVID 19. For this reason, the governing bodies proposed new business plans to address the market and growth prospects of the sector. As a result, the sales and opportunities in the Industrial Access Control market experience have stabilized.
|market size||$25.3 billion|
|report coverage||Sales Forecast, Competitive Landscape, Growth Factors and Trends|
|Important market opportunities|| The increasing popularity of the technology
Wide use of security
The increase in crime rates, security and securities issues, illegal edge breaking
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Increasing adoption across various end-use industries to boost market growth
Increasing adoption of industrial access control in various end-use industries such as hospitals, industries, offices, banks, airports and others for proper security management and accessibility will boost the market growth over the forecast period.
Growing e-health initiatives offer robust opportunities
The growing e-health initiatives will provide solid opportunities for the market during the forecast period. The term eHealth initiative refers to the process of using information technology to improve healthcare implementations such as safety, quality and efficiency of services. Hospitals often use this term to indicate that a country’s eHealth initiatives are “fully operational”.
Lack of awareness to act as a market constraint
The current lack of awareness of advanced security solutions may act as a market constraint during the forecast period.
Increase in security concerns as a market challenge
The increase of security concerns related to unauthorized access in the access control environment can pose a market challenge during the assessment period.
Industrial Access Control Market Segmentation
The global industrial access control market is segmented by access type, service and end-user.
By access type, industrial access control systems market is segmented into network access, logical access, electronic access, physical access and others.
In service, installation and integration will lead the market over the forecast period.
As for the end user, utilities will dominate the market over the forecast period.
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Regional analysis of the industrial access control market
North America the leading market for industrial access control systems
Due to the presence of key competitors in the region, the market for industrial access control systems in North America is expected to grow rapidly. The presence of well-known players has contributed to the expansion of the industrial access control industry in the region. The market may grow during the study period due to the rapid deployment of access control systems and increasing demand for industrial security applications. The industrial access control market in North America, which is considered a key area, is forecast to develop at a CAGR of 11.8% from 2021 to 2026.
This is due to the widespread adoption of wireless networks which has led to the introduction of breakthrough communication technologies across all industry sectors including healthcare, banking, insurance and SaaS providers. Next-generation biometric solutions are being driven by the widespread use of electronic medical records in hospitals in the United States as a value-added healthcare service that ensures comprehensive protection of critical health information. Due to the Covid-19 epidemic, several health practitioners are incorporating advances in biometrics for disease control efforts around the world, including temperature detection in addition to surveillance. With an accuracy of 0.3 degrees, in June 2020 Silent Sentinel introduced the Fixed Modum, a range of distance cameras for fever detection.
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Enterprises increasingly require attribute-based access control as they deal with both privileged data and intellectual property. To help companies protect their operational technology (OT) and industrial internet of things (IIoT) from cyberattacks, Honeywell launched a new industrial cybersecurity platform in September 2019. These are the elements that have made access control systems relevant and possible to expand the industrial access control market in this area.
APAC will see favorable growth in the industrial access control market
During the projected period, the APAC industrial access control market is expected to develop at the highest CAGR. The market in this region is developing, among other things, as a result of increasing commercialization, industrialization and the high demand for security systems. The increased need for access control systems in APAC is also expected to be aided by rising terror threats, crime rates and poor police officer-to-population ratios in APAC countries. In APAC, China held the largest market share for access control in 2018. The increase in terrorist threats and increasing government spending on security are some of the main reasons behind the expansion of the access control market. The demand for security systems is greatly increased by China’s expanding economy. The introduction of security solutions in APAC would be influenced by the large population and growing industrialization. The market in the APAC region is set to expand due to the increasing industrialization and commercialization of the region, increased need for security systems and ongoing projects.
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Major Players of Industrial Access Control Market
- Prominent industry players profiled in Industrial Access Control Market report include –
- NEC Corporation (Japan)
- Morpho SA (France) dorma+kaba Holding AG (Switzerland)
- ASSA ABLOY AB (Sweden)
- 3M Company (US)
- Honeywell Security Group (USA)
- Allegion Plc (Ireland)
- Napco Security Technologies Inc. (USA)
- Johnson Controls International Plc (Ireland)
- Keyscan Inc. (USA) and others.
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