Published by mark itwired
Posted on September 17, 2021
The global access control market value is expected to surpass US$ 15 billion by 2021. According to a study by FMI, the market for access control is likely to reach a valuation of US$ 50.4 billion through 2031, growing at a CAGR of 12.6% during the forecast period 2021-2031 in comparison to CAGR 8.1% registered between 2016 and 2020.
The emergence of digitalization and cloud-based computing across the globe is driving the market. With increasing adoption of these cloud-based technologies, the risk of cybercrime, digital fraud, and potential information leaks also has increased, making the use of access control systems indispensable in various industry verticals. This is expected to create lucrative sales opportunities in the market.
Surging need for integrated access control solutions to create a safe working environment is spurring the demand. It also enabled the market to register year-on-year growth of 10.8% in 2021. In response to the increasing risk of data and security theft, IT companies are increasingly installing access control systems to record employee entry and exit timings.
The technology also helps to prevent unsolicited entry in campus and minimize the risk of data breaches. Thus, the IT & telecom sector is expected to contribute a revenue share of around 23% by 2021, as per FMI.
Fingerprint scanner is dominating the hardware access control component segment. Favored by the extensive use of these scanners in smartphones and laptops to eliminate the need for passwords and login IDs, the fingerprint access control system is anticipated to account for more than 35% of the market share in 2021.
“Key players in the access control market are investing in research and development (R&D) activities and collaborating with other companies to develop industry-specific solutions,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13363
Key Takeaways from Access Control Market Survey
Key Drivers
Key Restraints
Discover more about the access control analysis with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13363
Competitive Landscape
Manufacturers operating in the access control market are emphasizing on optimizing their existing product and service portfolio. Some of the market players are focusing on receive approval for their product to expand their market share, For instance.
Some of the key players operating in the market profiled by FMI are:
More Valuable Insights on Access Control Market
FMI, in its new report, offers an unbiased analysis of the global access control market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in access control market with detailed segmentation:
By Component:
By System Type:
By Industry:
By Region:
Request Report Brochure@ https://www.futuremarketinsights.com/reports/brochure/rep-gb-13363
Key Questions Covered in the Report
Explore FMI’s Extensive Coverage on Technology Domain
Conference Room Solutions Market: The global Conference Room Solutions Market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
Managed File Transfer (MFT) Market: Future Market Insights gives a detailed segmentation on the global Managed File Transfer (MFT) Market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
Computerized Maintenance Management System (CMMS) Market: The Computerized Maintenance Management System (CMMS) Market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/access-control-market
Press Release Source: https://www.futuremarketinsights.com/press-release/access-control-market
SOURCE Future Market Insights
The post Fingerprint Scanners to Remain Top-selling, Accounting for Over One-third of Access Control Demand in 2021: Future Market Insights first appeared on Market Research Blog.
The global access control market value is expected to surpass US$ 15 billion by 2021. According to a study by FMI, the market for access control is likely to reach a valuation of US$ 50.4 billion through 2031, growing at a CAGR of 12.6% during the forecast period 2021-2031 in comparison to CAGR 8.1% registered between 2016 and 2020.
The emergence of digitalization and cloud-based computing across the globe is driving the market. With increasing adoption of these cloud-based technologies, the risk of cybercrime, digital fraud, and potential information leaks also has increased, making the use of access control systems indispensable in various industry verticals. This is expected to create lucrative sales opportunities in the market.
Surging need for integrated access control solutions to create a safe working environment is spurring the demand. It also enabled the market to register year-on-year growth of 10.8% in 2021. In response to the increasing risk of data and security theft, IT companies are increasingly installing access control systems to record employee entry and exit timings.
The technology also helps to prevent unsolicited entry in campus and minimize the risk of data breaches. Thus, the IT & telecom sector is expected to contribute a revenue share of around 23% by 2021, as per FMI.
Fingerprint scanner is dominating the hardware access control component segment. Favored by the extensive use of these scanners in smartphones and laptops to eliminate the need for passwords and login IDs, the fingerprint access control system is anticipated to account for more than 35% of the market share in 2021.
“Key players in the access control market are investing in research and development (R&D) activities and collaborating with other companies to develop industry-specific solutions,” says the FMI analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13363
Key Takeaways from Access Control Market Survey
Key Drivers
Key Restraints
Discover more about the access control analysis with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13363
Competitive Landscape
Manufacturers operating in the access control market are emphasizing on optimizing their existing product and service portfolio. Some of the market players are focusing on receive approval for their product to expand their market share, For instance.
Some of the key players operating in the market profiled by FMI are:
More Valuable Insights on Access Control Market
FMI, in its new report, offers an unbiased analysis of the global access control market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in access control market with detailed segmentation:
By Component:
By System Type:
By Industry:
By Region:
Request Report Brochure@ https://www.futuremarketinsights.com/reports/brochure/rep-gb-13363
Key Questions Covered in the Report
Explore FMI’s Extensive Coverage on Technology Domain
Conference Room Solutions Market: The global Conference Room Solutions Market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
Managed File Transfer (MFT) Market: Future Market Insights gives a detailed segmentation on the global Managed File Transfer (MFT) Market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
Computerized Maintenance Management System (CMMS) Market: The Computerized Maintenance Management System (CMMS) Market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
T: +1-347-918-3531
F: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: Future Market Insights
LinkedIn | Twitter | YouTube
Report: https://www.futuremarketinsights.com/reports/access-control-market
Press Release Source: https://www.futuremarketinsights.com/press-release/access-control-market
SOURCE Future Market Insights
The post Fingerprint Scanners to Remain Top-selling, Accounting for Over One-third of Access Control Demand in 2021: Future Market Insights first appeared on Market Research Blog.
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