Dormakaba Holding (Switzerland), ASSA ABLOY (Sweden) and Johnson Controls (Ireland) are Leading Players in the Access Control Market
Access control is a security feature or a technique that regulates or controls the communication between users and systems. It restricts the entry of unauthorized individuals into restricted areas to protect people and assets. Access controls are physical and logical. Physical access controls regulate access to locations or assets, such as campuses, buildings, rooms, and physical IT assets. Logical access uses software solutions and management systems to a tab on connections to computer networks, system files, and data.
The access control market is a consolidated market, with North America being the leading region in this market. The demand for electronic products in the access control market is surging with the growing home automation trend, increasing need to detect hazards such as fire and gas leaks, and ensuring the safety of children and older people at home. The global access control market is projected to grow from USD 8.6 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 8.2%.
dormakaba Holding (Switzerland), ASSA ABLOY (Sweden), Johnson Controls (Ireland), Allegion (Ireland), and Honeywell International (US) are the leading players in the access control market.
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dormakaba Holding (Switzerland)
The company’s product portfolio includes locking systems ranging from cylinders, keys, and locks to fully networked electronic access solutions such as physical access systems and automatic door systems, as well as a comprehensive range of door hinges and fittings, and door controls. The company focuses on mergers and acquisitions to expand its business and strengthen its product portfolio.
ASSA ABLOY (Sweden)
The company manufactures and sells opening solutions such as locks, doors, gates, and entrance automation solutions. Along with it, the company’s product portfolio of trusted identities includes keys, tags, cards, mobile and biometric identity verification systems, among many others. The company’s wide range of access control products enables the company to stay competitive in this market. In addition, it focuses on expanding its market presence, enhancing product leadership, and improving product efficiency, along with cost reduction, to grow in the market.
Johnson Controls (Ireland)
The company offers security, fire detection, suppression, and life safety products and services. The company offers access control readers and cards, hosted access control systems, enterprise access control systems, visitor management systems, identity management systems, door entry systems, smart cards and biometric systems, and integrated access control systems. The company focuses on maintaining a multi-segment business platform to enhance the predictability and sustainability of its earnings and growth.
Other companies involved in the access control market are Identiv (US), Nedap (Netherlands), Suprema HQ (South Korea), Thales Group (France), Bosch Security Systems (Germany), NEC Corporation (Japan), and IDEMIA (France).
Related Reports:
Access Control Market with COVID-19 Impact by Offering (Card-based Readers, Biometric Readers, Electronic Locks, Controllers, Software, Services), ACaaS (Hosted, Managed, Hybrid), Vertical, and Region - Global Forecast to 2025
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