Access Control Reader market report presents thorough information about the global industry comprising of valuable figures and stats. Moreover, the report contains records starting from the base year (2022) and stretches until the forecast period (2023-2029). This market research report has set a bench-marking example for such a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA).
Global access control reader market was valued at USD 3.83 million in 2021 and is expected to reach USD 10.18 million by 2029, registering a CAGR of 13.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Product definition
Access control systems prevent illegal access to a business's physical assets, like campuses, buildings, and cards, as well as its sensitive data, including networks, files, usernames, and passwords. It entails authenticating personal identification documents, confirming a website's legitimacy with a digital certificate, and comparing login credentials to previously saved information. Many businesses utilize access control systems, including user credentials, card readers, intercoms, audits, and reporting. They start the lockdown procedures and prevent unauthorized people from entering buildings and rooms.
Some of the major players operating Access Control Reader market are
- ASSA ABLOY (Sweden)
- Ddormakaba Group (Switzerland)
- Allegion plc (Ireland)
- Identiv, Inc. (U.S.)
- IDEMIA (France)
- Nedap N.V. (Netherlands)
- Suprema (South Korea)
- Thales (France)
- NAPCO Security Technologies, Inc. (U.S.)
- Avigilon Corporation (Canada)
- phg PETER HENGSTLER GMBH + CO. KG (Germany)
- Paxtron Access Ltd. (U.K.)
- Castles Technology (Taiwan)
- DUALi Inc. (South Korea)
- Salto Systems (Spain)
- Axis Communications (Sweden)
- AMAG Technology (U.S.)
- Pax Technology Ltd. (China)
- Advanced Card Systems Ltd. (China)
- Gallagher Group (New Zealand)
- Vanderbilt Industries (U.S.)
- Brivo, Inc. (U.S.)
Drivers
- Increasing Cyber And Malware Attacks and Other Frauds
There has been growing demand for connected systems and user security concerns due to rise in fraud and theft especially across the places such as data centers, companies, banks, financial institutions, retail stores, malls, hotels and entertainment studios. The need for wired access control systems for homes that can be accessed remotely is growing as smart home technologies gain popularity. The need to enhance protection while reducing costs is becoming more and more crucial across numerous industry sectors as the complexity and sophistication of frauds, cyberattacks, and government identification requirements expand. Consequently, the benefits such as improved secured identity management and increased demand for enhanced authentication provided by the access control reader market is anticipated further to boost the demand for the access control reader market.
Additionally, the preference for wireless and IoT-based security systems in various applications, growing demand for the interconnected system and rapid urbanization are also estimated to bolster the market's overall growth. The increasing demand for enhanced authentication along with contactless interfaces is also estimated to accelerate the market’s growth over the forecast period.
Opportunities
- Increasing Advancements and Implementations
The growing advancements and implementations are further estimated to generate lucrative opportunities for the market, which will further expand the access control reader market's growth rate over the forecast period. Many access control systems just demand one kind of authentication, but businesses are increasingly implementing multifactor identification, a security measure that necessitates the user to provide two forms of identification in order to gain access, like entering a PIN and swiping a card. Combining numerous factors is necessary to ensure the security of both physical and digital credentials.
- Security Features Improvement by Government
Additionally, numerous governments and security agencies are compelled to improve safety and security features in their transactions through the deployment of RFID and biometric technologies, which will also offer numerous growth opportunities within the market.
Restraints/Challenges
- Low Awareness
Users' limited awareness about advanced security solutions further negatively impacts the market. This factors is expected to obstruct market growth.
- Risk of Data Breach and Privacy Issues
Since the biometric data is being gathered and processed, it is vulnerable to hackers, primarily since fraud techniques are developing quickly. According to research, deep artificial neural networks can be trained over time to replicate faces or just construct faces in general. Therefore, the security and privacy issues associated with illegal access and data breach are projected to be challenges for the access control reader market over the forecast period.
This access control reader market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the access control reader market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Key Market Segments Covered in Access Control Reader Market Industry Research
Reader Type
- Card-Based Readers
- Magnetic Stripe Readers
- Proximity Card Readers (125 kHz)
- Smart Card Readers (13.6 MHz)
- Biometric Readers
- Fingerprint Recognition
- Palm Recognition
- Iris Recognition
- Face Recognition
- Vein Recognition
- Voice Recognition
- Multi-Technology Readers
Technology Type
- iCLASS
- MIFARE
- DESFire
- LEGIC Advant
- Others
Communication Technology
- Cloud-Based
- Smartphone-Based
- IoT-Based
Vertical
- Commercial
- Government
- Residential
Access Control Reader Market Regional Analysis/Insights
The access control reader market is analyzed and market size insights and trends are provided by country, reader type, technology type, communication technology and vertical as referenced above.
The countries covered in the access control reader market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the access control reader market because of the region's increasing cyber and malware attacks. Moreover, the wide adoption of the practice of BYOD further fosters the growth of the market across the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to rapid industrialization, heavy investments in digitalization and high demand for security systems within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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How does this Access Control Reader Market Insights Help?
- Access Control Reader Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Access Control Reader Market” and its commercial landscape
TABLE OF CONTENTS
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-access-control-reader-market
Queries Resolved in This Report:
- Which will be the specialties at which Access Control Reader Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Access Control Reader economy out and out and furthermore for each portion inside?
- Which will be the Access Control Reader application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the Access Control Reader market opportunity?
- How Access Control Reader Market share advance vacillations their value from various assembling brands?
WHO SHOULD BUY THE ACCESS CONTROL READER REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Access Control Reader industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Access Control Reader market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Access Control Reader market forecast
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