Access Control Market

ASSA ABLOY AB (Sweden) and Johnson Controls International PLC (Ireland) are the . Key Players in the Access Control Market

The access control market is rapidly growing owing to the increase in demand for security solutions globally for commercial, government, industrial, and other verticals. The access control market is highly competitive because of the presence of a large number of big and small players. This market is largely dominated by companies in Europe and North America. The key players in the ecosystem of the access control market profiled in this report are ASSA ABLOY AB (Sweden), Johnson Controls International plc (Ireland), dorma+kaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (US), Identiv, Inc. (US), Nedap N.V.(Netherlands), Suprema HQ Inc. (South Korea), Bosch Security Systems Inc. (US), Gemalto N.V. (Netherlands), and OT-Morpho (France).

Companies have implemented different strategies to maintain their position in the access control market, and ensure long-term growth and profitability. Many players have adopted product launches as a strategy to increase the demand for their products and cater to diverse application areas. This strategy accounted for ~42% of all the growth strategies adopted by players in this market between 2015 and 2017. Along with product launches, companies adopted the strategies of mergers and acquisitions, collaborations, agreements, partnerships, and expansions to increase their market share, expand their geographic presence, and gain recognition in the access control market.

ASSA ABLOY AB (Sweden) is a leading provider of door opening solutions, such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. The company also offers identity and access management tools, biometrics, and government IDs for authenticity and protection. The company developed the Aperio technology to complement its electronic access control systems by providing access to an unlimited number of existing or new doors. The company plans to grow by expanding its innovative products and solutions and acquiring companies. In March 2016, ASSA ABLOY acquired 100% share capital of Lighthouse (US), a distributor of industrial doors and docking systems. The acquisition will help ASSA expand its market presence in the US in the area of entrance automation.

Johnson Controls International plc (Ireland) is a leading provider of access control readers and cards, hosted access control, enterprise access control, visitor management systems, identity management systems, door entry systems, smart cards and biometrics, and integrated access control systems. To grow in the access control market, in September 2016, the company merged with Tyco International PLC (Ireland), a leading provider of premium access control, video, location-based tracking, and intrusion solutions under its brands Kantech, Software House, and CEM Systems. The combination of Tyco’s and Johnson Controls’ security platforms creates significant opportunities for near-term growth through cross-selling, complementary branch and channel networks, and expanded global reach for the established businesses.

Related Reports:

Access Control Market by Component (Hardware (Card-Based Readers, Biometric Readers, Electronic Locks, Controllers, and Others) and Software), Service (Installation, Maintenance, and ACaaS), Vertical, and Geography - Global Forecast to 2023

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Report Code
SE 3145
Published ON
Aug, 2017
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