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TOKYO, March 10, 2023 (GLOBE NEWSWIRE) — The Global Access Control and Authentication Market Size collected USD 14.4 Billion in 2022 and is set to achieve a market size of USD 37.2 Billion in 2032 growing at a CAGR of 11.4% from 2023 to 2032.
Access Control and Authentication Market Research Report Highlights and Statistics:
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Access Control and Authentication Market Report Coverage:
Market | Access Control and Authentication Market | |
Access Control and Authentication Market Size 2022 | USD 14.4 Billion | |
Access Control and Authentication Market Forecast 2032 | USD 37.2 Billion | |
Access Control and Authentication Market CAGR During 2023 – 2032 | 11.4% | |
Access Control and Authentication Market Analysis Period | 2023 – 2032 | |
Access Control and Authentication Market Base Year | 2022 | |
Access Control and Authentication Market Forecast Data | 2023 – 2032 | |
Segments Covered | By Product, By Component, By End-User, And By Geography | |
Access Control and Authentication Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
Key Companies Profiled | 3M Company, Allegion plc, ASSA ABLOY, Axis Communications, Bosch Security Systems, Genetec Inc., Honeywell Security Group, Identiv, Inc., Johnson Controls, Panasonic Systems Networks Co. Ltd, and Zhejiang Dahua Technology Co. Ltd. | |
Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Access Control and Authentication Market Overview:
Access control and authentication market is a rapidly expanding industry that encompasses a range of technologies and solutions aimed at ensuring secure access to physical and digital assets. It involves a wide range of applications, including biometric identification, smart cards, access control software, and electronic locks. The market is being driven by the increasing need for enhanced security in various industries such as healthcare, finance, retail, and government. Additionally, the growing trend of digitization is also driving the demand for advanced access control and authentication solutions to secure digital assets. Key players in the market are investing in research and development to create innovative and efficient solutions, including cloud-based access control and biometric authentication systems, which are expected to drive growth in the market in the coming years. With the increasing adoption of advanced security technologies and the need for secure access to physical and digital assets, the access control and authentication market is poised for good growth for the forecast period.
Trends in the Access Control and Authentication Market:
Access Control and Authentication Market Dynamics:
Growth Hampering Factors in the Market for Access Control and Authentication:
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Market Segmentation
By Component Type
Access Control and Authentication Market Overview by Region:
North America’s Access Control and Authentication market share is the highest globally, driven by the increasing demand for security solutions in the healthcare, finance, and government sectors. The United States is a major contributor to the growth of the market in North America, with a high level of adoption of advanced security technologies in various industries.
The Asia-Pacific region’s Access Control and Authentication Market share is also huge and is growing at the fastest rate, driven by the increasing adoption of smart city technologies and growing demand for mobile access control solutions. China is a major contributor to the growth of the market in Asia-Pacific, with a high level of adoption of advanced security technologies in various industries.
Europe is another key market for Access Control and Authentication, driven by the growing demand for cloud-based access control solutions and increasing adoption of biometric technologies. The United Kingdom, Germany, and France are major contributors to the growth of the market in Europe.
The South American and MEA regions have a smaller but emerging Access Control and Authentication market share, however it is expected to grow at a steady pace. Brazil, Mexico, and the United Arab Emirates are major contributors to the growth of the market in Latin America and the Middle East and Africa.
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Access Control and Authentication Market Key Players:
Some of the top players in the market include ASSA ABLOY AB, Johnson Controls International PLC, Honeywell International Inc., Bosch Security Systems, 3M Cogent, Inc., HID Global Corporation, NEC Corporation, Gemalto NV, Crossmatch Technologies, Inc., Identiv, Inc., Suprema Inc., Tyco International Ltd., NXP Semiconductors, Morpho (Safran), ZKteco Inc., Allegion plc, Fingerprint Cards AB, Giesecke+Devrient GmbH, IDEMIA, and Gunnebo AB.
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