Market Research Of Global Access Control Market By Knowledge Sourcing Intelligence

The global access controlled market is projected to witness the growth at a CAGR of 6.67% during the forecast period to reach the total market size of US$ 8.361 billion by 2022, increasing from US$6.053 billion in 2017. Access control is a way of limiting access to a system or to physical or virtual resources. In computing, access control is a process by which users are granted access and certain privileges to systems, resources or information. In access control systems, users must present credentials before they can be granted access. 
The access control system enables security systems to be centrally controlled. It offers customizable systems, allowing access to the restricted area to particular individuals at a certain time. The system also provides the advantage of keeping a track of logging activity along with the benefits of remote access as well. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.

global access controlled market

Sample view of global access controlled market share
The government the sector accounted for the major share in 2016 in order to eliminate unauthorized access to the premise and confidential data. Geographically, Asia Pacific is a dominating region on account of the development of infrastructure and government initiatives promoting the measure of access control systems.

By product, The access control market has been segmented as hardware and software. The hardware segment holds a larger market share and is expected to grow further in the upcoming years. The hardware segment is further divided into sub-segments as biometrics, cards and readers, mobile phones, and others. 
The hardware segment of the global access control market accounted for XX% share in 2016 and is expected to dominate the market in the next five years to witness a slight change in its market share by 2022. The software segment is expected to grow at a higher CAGR of X.XX% during the forecast period and is expected to reach a market size of US$X.XX billion by 2022. 
The growing need for better security and access control management in various industrial sectors, government institutions, and others, to control, allow, and restrict access to different entities is a major driving force behind the rising adoption of access control systems. Safeguarding employee and organizational data and assets is another major factor leading to the continuous growth of the access control market.
global access controlled market

Sample view of global access controlled market share

Geographically, global access control market is segmented as Americas, Europe Middle East and Africa, and Asia-Pacific. APAC region dominates the global access control market till the end of 2022 and is projected to grow at the highest CAGR between 2016 and 2022. This growth is attributed to the increasing application of physical access control solutions for high-security purposes, across different end-use sectors in emerging economies such as China and India. Rising investments, both public and private, in advanced access control solutions in the APAC countries further contributes to the regional market growth. Growing demand for building access control solutions owing to increasing investments in smart city projects will continue to boost the growth of the access control market in APAC during the forecast period.
Americas and EMEA regional markets will witness considerable growth during the projected number due to growing cases of cyber-attacks in both regions. Rising projects to develop smart cities such as Horizon 2020 will further spur the demand for access control solutions in EU member countries during the next five years.
global access controlled market
Sample view of global access controlled market share

Access Control market is projected to grow at a CAGR of X.XX% during the forecast period, reaching a total market size of US$2.642 billion by 2022 from US$X.XXX billion in 2016. The region is further segmented into North America and South America Access Control markets. North America holds the largest market size in 2016 and will remain at its position throughout the forecast period owing to early adoption of the technology across different end-use sectors coupled with the presence of major players of global access control market in the U.S. High rate of investment in R&D in the access control industry boosts the growth of access control market in the region. Recent rise in cyber-attacks across end use sectors, especially in BFSI and healthcare, is further forcing market players to come up with advanced and effective access control solutions, thereby positively impacting the growth of access control market in the North America region.

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