Access Control and Authentication Market Size, Technology Insights, Growth, & Forecast by 2027

Posted September 3, 2020 by pankajrathi

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.
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%.

The Access Control and Authentication Market report, at first, has given a brief understanding of the industry through basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Access Control and Authentication market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry.

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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.

Market Drivers
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 passwordless authentication service (CloudGate UNO) in Japan. This service offered as single-sign-on (SSO) and access control service for enterprise.

Market Restraints
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

Market Taxonomy
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
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Categories Business , Marketing , News
Tags access control and authentication market
Last Updated September 3, 2020