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Pune, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The global access control market size is expected to reach USD 20.02 billion by 2027 backed by the growing demand for cloud-based systems and the increasing popularity of mobile access control systems amongst enterprises. Fortune Business Insights in its latest report, titled, “Access Control Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Type (DAC, MAC, RBAC), By Application (Homeland Security, Commercial, Residential, and Industrial), and Regional Forecast, 2020-2027.”, observes that the market stood at USD 10.31 billion in 2019 and is projected to exhibit a CAGR of 8.7% between 2020 and 2027.

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BIS 2.3 - Access Engine Table of Contents en 14.2.1 Change the timezone 14.2.2 Regional and Language Options 14.3 Date and time formats Index Bosch Sicherheitssysteme GmbH Installation manual F.01U.028.713 V 2.3.0.1 2009.11. Munich – Bosch’s video-based fire detection solution AVIOTEC IP starlight 8000 can now also be used in tunnels to ensure reliable and early detection of smoke and flames. Therefore, it is a quick and cost-effective addition to the linear heat detectors commonly used, which react only to noticeable increases in temperature and are unable to.

Ferreira held various management positions, including General Manager for Bosch in Thailand. After stations in Europe, South America and Asia the native Portuguese began building up the cross-selling division in 2011, which, among other things, involves smart city technologies from energy and building technology in the planning of major projects. Dynacord has always been at the forefront of networked audio. With our parent company Bosch being a founding member of the OCA Alliance, we have helped to drive the development of IP technology in the audio industry, creating products that understand multiple languages and work to all standards.


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COVID-19 to Accelerate Demand for Multifactor Authentication System

The global IT industry has advanced its security approaches and capabilities to provide faster responses to data thefts. The COVID-19 pandemic has proved to be the catalyst for accelerating this growth as the growing concerns regarding cyberattacks and phishing attacks are driving the adoption of multifactor authentication systems amongst enterprises. This development is likely to favor the market growth during the forecast period.

Access control is an efficient method that guarantees total access of the company's data to its users. It provides data security to the users that enables access to valuable information and resources to the designated people while preventing data theft. Moreover, it provides access control policies and security technology to protect confidential information such as customer data for an enterprise.


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What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Increasing Demand for Mobile Access Control Systems to Promote Growth

According to the survey by HID Global in 2019, around 54% of businesses are likely to shift to mobile access control systems by 2022. The growing adoption of smartphone and mobility devices is driving organizations to introduce enterprise mobility access control solutions. These solutions provide increased productivity, reduced technology overhead, and saves cost and time. Furthermore, the increasing adoption of cloud-based systems amongst enterprises is expected to contribute to the global access control market during the forecast period.

SEGMENTATION

Homeland Segment Held 10.7% Market Share in 2019

The homeland segment, based on application, held a market share of about 10.7% in 2019 and is anticipated to experience significant growth during the forecast period. This is ascribable to factors such as the growing demand for advanced access control systems to prevent thefts across residential places.


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REGIONAL INSIGHTS

North America to Remain at Forefront; Increasing Adoption of Cloud-Computing Solutions to Favor Growth

Among all the regions, North America is expected to remain dominant and hold the highest position in the global access control market during the forecast period. This dominance is attributable to the increasing adoption of cloud computing-based systems and the presence of established players that are developing advanced access control systems in the region between 2020 and 2027. North America stood at USD 3.81 billion in 2019.

The market in Asia-Pacific is expected to showcase significant growth backed by the growing adoption of smartphones and mobile computing devices in the region.

COMPETITIVE LANDSCAPE

Merger and Acquisition by Eminent Companies to Expand Product Portfolio and Boost Sales Revenue

The global access control market is fragmented by the presence of major companies focusing on acquiring other small companies to develop advanced systems to cater to the growing demand from manufacturing and industries, military and defense, and oil & gas sector globally.

Industry Development:

  • February 2020 – ASSA ABLOY Group announced the acquisition of the United Kingdom-based solution provider, Biosite Systems Ltd. The acquisition is aimed at consolidating its position by providing innovative access control solutions to its customers.

List of the Companies Profiled in the Global Access Control Market:

  • Nedap N.V. (Netherlands)
  • Genetec Inc. (Montreal, Canada)
  • Honeywell International Inc (North Carolina, United States)
  • Dots Info Systems (India) Pvt. Ltd., (Mumbai, India)
  • Bosch Sicherheitssysteme GmbH (New York, United States)
  • KISI Inc. (Brooklyn, NY, United States)
  • HID Global Corporation (Texas, United States)
  • Matrix Comsec Pvt. Ltd. (Gujrat, India)
  • Enterprise Systems Corporation (Texas, United States)
  • Perco (Saint Petersburg, Russia)
  • Identiv, Inc. (California, United States)
  • Centrify Corporation (California, United States)
  • dormakaba Holding AG (Rümlang, Switzerland)
  • Allegion plc (Ireland)
  • Johnson Controls, Inc. (Cork, Ireland)
  • ASSA ABLOY group (Stockholm, Sweden)
  • Ekran System Inc. (California, United States)
  • SolarWinds Worldwide, LLC. (Austin, Texas, United States)
  • TED Systems, Lenexa, KS. (Lenexa, United States)
  • Gemalto N.V. (Amsterdam, Netherlands)
  • IMEDIA France (Courbevoie, France)
  • Siemens Aktiengesellschaft (Munich, Germany)
  • Mace Security International Inc. (Ohio, United States)


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Major Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • PESTLE Analysis
    • Porter’s Five Force Analysis
    • Ecosystem Analysis
    • Global Market Share Analysis and Matrix, 2019
  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players (Would be provided for 10 players only)
    • Overview
      • Key Management
      • Headquarters etc
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Gross Margin
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Primary Interview Responses
  • Annexure / Appendix
    • Global Access Control Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
      • By Component (Value)
        • Hardware
          • Authentication System
            • Biometric
            • Card Based
            • Touch Screen and Keypads
            • Door Contacts
            • Intruder Alarm System
          • Detection System
            • Motion Detector
            • Glass Break Detector
            • Door / Window Sensor
        • Software
        • Services
          • Training and Consulting
          • Installation and Integration
          • Maintenance and Support
      • By Access Control Type (Value)
        • Discretionary Access Control (DAC)
        • Mandatory Access Control (MAC)
        • Role-Based Access Control (RBAC)
      • By Application (Value)
        • Homeland Security
        • Commercial
        • Residential
        • Industrial
      • By Region (Value)
        • North America
        • South America
        • Europe
        • Middle East & Africa
        • Asia Pacific


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Latest Study on Industrial Growth of Physical Security 2026 By-Data Bridge Market Research

With the use of integrated approaches and latest technology for the best results, PHYSICAL SECURITY market research report is generated. Efficient and advanced tools and techniques are used to prepare this report that includes SWOT analysis and Porter’s Five Forces Analysis. It gives top to bottom examination of the market for estimating income, return on investment (ROI) and developing business strategies. Emerging product trends, major drivers, challenges and opportunities in the market are identified and analyzed apparently while generating this report. PHYSICAL SECURITY report helps customers or other market participants to be aware of the problems they may face while operating in this market over a longer period of time.

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Global physical security market is set to witness a healthy CAGR of 11.25 % in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed to rising in terror attack technology improvement and adoption of IoT based security system and cloud computing platform

Research strategies and tools used of Physical Security Market:

This Physical Security market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter’s Five Forces Analysis and PEST analysis.

Details Key Players of Physical Security Market -:

Bosch Sicherheitssysteme Driver

The report incorporates key player profiles along with the information of the strategies they are adopting to remain ahead in the competition.

List of few players are-: ADT, Bosch Sicherheitssysteme GmbH, Cisco, Honeywell International Inc., Johnson Controls, Anixter Inc., Genetec Inc., SECOM Plc., G4S plc, Schneider Electric, Dahua Technology Co., Ltd, Hangzhou Hikvision Digital Technology Co.,Ltd., Stanley Black & Decker, Inc., Axis Communications AB., ICTS INTERNATIONAL N.V., KBR Inc., Prosegur, Corps Security (UK) Ltd, Chubb Fire & Security Group, Securitas AB, Alion Science and Technology Corporation and others.

Drivers & Restraints of Physical Security Market-:

Market Drivers:

Growing incidents of terror threat is driving the market growth

Technological improvement and implementation of wireless technology in security systems is a driver for this market

Growing use of IP-Based video surveillance is fueling the growth of this market

Implementation of mobile-based access control is driving the market growth

Adoption of internet of things (IoT) -based security systems with cloud computing platforms is also contributing towards market growth

Market Restraints:

Privacy concerns against installation is a restraint for this market

Less use of advanced technologies and lack of synergy among security solutions is hindering the market growth

Issues such as device interoperability related with physical security systems may obstruct the market growth

Several market drivers, market restraints, along with opportunities and challenges are taken into consideration under market overview which gives valuable insights to businesses for taking right actions. Businesses can surely rely upon this first-class market report to accomplish an utter success.

Breakdown of Physical Security Market-:

The Physical Security market report performs segmentation which is done on the basis of type, end-user, and manufacturers and applications to fully and deeply research and reveal market profile and prospects.

Global Physical Security Market By Components (Hardware, Software, Services), Application (Transportation and Logistics, Government and Public Sector, Utilities/Energy Markets, Chemical Facilities, Industrial (Manufacturing Sector Excluding Chemical Facilities) ,Control Centers, Retail, Business Organizations (Including BFSI and IT Sector), Hospitality and Casinos, Others), Organization Size (Small and Medium-Sized Enterprises , Large Enterprises )

Regional Insights-

Regional analysis helps the market players to take an exhaustive assessment of the Physical Security market region wise so that it becomes easy for them to distinguish and investigate the developing pattern and hidden opportunities all over the world.

Regional Coverage of the Market

South America

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North America

Middle east and Africa

Asia and Pacific region

Europe

Table of Contents – Major Key Points

Part 01: Physical Security Market Overview
Part 02: Manufacturers Profiles
Part 03: Global Physical Security Market Competition, by Players
Part 04: Global Physical Security Market Size by Regions
Part 05: North America Physical Security Revenue by Countries
Part 06: Europe Physical Security Revenue by Countries
Part 07: Asia-Pacific Physical Security Revenue by Countries
Part 08: South America Physical Security Revenue by Countries
Part 09: Middle East and Africa Revenue Physical Security by Countries

Continued….

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Report synopsis

Manual

To analyze the market size of the market and infer the key trends from it.

Industry Chain Suppliers of Physical Security market with Contact Information

Historical, current and projected market size in terms of volume and value

In-depth market segmentation

Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.

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