Industrial Access Control Market

Industrial Access Control Market worth $1,318 million by 2023 growing with a CAGR of 8.3%

According to the new research report "Industrial Access Control Market by Component (Hardware (Card-Based Readers, Biometrics Readers, Electronic Locks, and Controller/Server), and Software), Service (Installation, Maintenance, and ACaaS), Application, and Geography - Global Forecast to 2023", is projected to grow from USD 815 million in 2017 to USD 1,318 million by 2023—growing a CAGR of 8.3%. The growth of the industrial access control market is driven by the growing security concerns, technological advancements and deployment of wireless technology in security systems, and adoption of Internet of Things (IoT)-based security systems. Adoption of access control as a service (ACaaS) is expected to provide substantial growth opportunities to market players.

Browse 61 market data Tables and 43 Figures spread through 148 Pages and in-depth TOC on "Industrial Access Control Market - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-access-control-market-185206656.html

“Electronic locks to witness highest CAGR in industrial access control market during 2017–2023”

The market for electronic locks is expected to grow at the highest CAGR from 2017 to 2023. This is primarily due to reduced cost, increased convenience of not carrying any separate credential such as cards or key fobs. It also enables the users to monitor and operate remotely and transfer the credential over the mobile phones. These additional features are driving electronic locks for the industrial access control market.

“Utilities application is expected to witness highest growth rate during forecast period”

The industrial access control market for the utilities application is expected to grow at the highest CAGR from 2017  to 2023. Utilities application is the largest application driving the growth of industrial access control market for avoiding security threats. Security solutions are a vital part of every industrial area setup and thus are expected to grow at a high rate during the forecast period. Protecting the infrastructure and assets from threats such as accidents, vandalism, theft, sabotage, and terrorism is the major concern for utilities application. These security issues increase the demand for access control systems and solutions for this application.

“Growing infrastructure and industrialization will boost demand for industrial access control solutions in APAC during forecast period”

The industrial access control market in APAC is expected to grow at the highest CAGR during the forecast period. Factors driving the growth of the market in this region include the rise in industrialization and commercialization and high demand for security solutions in developing countries. The reason for this growth is the huge population base, rapid industrialization, and increasing focus on security threats in this region. In APAC, the industrial access control market is mainly driven by China, Japan, and India because of the rapid pace of industrialization in these countries.

Key players in the market include ASSA ABLOY AB (Sweden), Johnson Controls International PLC (Ireland), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (US), NEC Corporation (Japan), Bosch Security Systems Inc. (Germany), Identiv, Inc. (US), Siemens Building Technologies (Switzerland), and 3M Company (US). These players are increasingly undertaking product launches and developments, mergers and acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the market.

Don’t miss out on business opportunities in Industrial Access Control Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 5348
PR Published ON
6/20/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Industrial Access Control Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home