Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1710
    +0.0016 (+0.14%)
     
  • GBP/USD

    1.2622
    -0.0000 (-0.00%)
     
  • Bitcoin GBP

    55,712.97
    -35.25 (-0.06%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Physical Access Control System Global Market Report 2022: Featuring Honeywell, Bosch Security, Safran, Assa Abloy & More

Company Logo
Company Logo

Global Physical Access Control System Market

Global Physical Access Control System Market
Global Physical Access Control System Market

Dublin, Jan. 06, 2023 (GLOBE NEWSWIRE) -- The "Physical Access Control System Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.

The global physical access control system market is expected to grow from $7.42 billion in 2021 to $8.30 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The physical access control system market is expected to reach $12.34 billion in 2026 at a CAGR of 10.4%.

North America was the largest region in the physical access control system market in 2021. The regions covered in the physical access control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising adoption of electronic security systems such as biometrics is expected to propel the growth of the physical access control system market going forward. An electronic security system refers to equipment that could perform security operations such as surveillance, access control, alarm, or intrusion control to a facility or area that uses power from the mains and a power backup. Electronic Security Systems are the physical security systems deployed to integrate into a facility's necessary level of protection.

ADVERTISEMENT

For instance, in 2021, according to Goode Intelligence, a UK-based identity, authentication, and biometrics research and events company, biometrics are used by 73% of businesses to provide a positive customer and user experience. Additionally, 55% use biometric authentication technologies, and 75% use biometrics for identity verification. Therefore, the rising adoption of electronic security systems will drive the physical access control system market.

Technological Advancements are a key trend gaining popularity in the physical access control system market. Major companies operating in the physical access control system market are focused on developing new technological solutions to strengthen their position.

For instance, in February 2020, Openpath Security Inc, a US-based access control and security automation company, launched digital badging capabilities. These capabilities reimagined credential with Custom Designs that has two-way communication and enterprise-grade security capabilities to bridge the physical and digital security gaps. It also allows users to match their physical ID badge and photo to a digital credential to enhance the security process.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.

  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.

  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.

  • Impact of high global inflation on market growth.

  • Create regional and country strategies on the basis of local data and analysis.

  • Identify growth segments for investment.

  • Outperform competitors using forecast data and the drivers and trends shaping the market.

  • Understand customers based on the latest market research findings.

  • Benchmark performance against key competitors.

  • Utilize the relationships between key data sets for superior strategizing.

  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Report Attribute

Details

No. of Pages

175

Forecast Period

2022 - 2026

Estimated Market Value (USD) in 2022

$8.3 billion

Forecasted Market Value (USD) by 2026

$12.34 billion

Compound Annual Growth Rate

10.4%

Regions Covered

Global

Scope
Markets Covered:

1) By Component: Hardware; Software; Services
2) By Technology: Keypads-based PACs; Card-based PACs; Biometric PACs
3) By End User: Banking, Financial Services and Insurance (BFSI); Healthcare; Manufacturing; Services, Communication and Media; Retail and Other Corporate; Transportation and Utilities; Other End Users

Key Topics Covered:

1. Executive Summary

2. Physical Access Control System Market Characteristics

3. Physical Access Control System Market Trends And Strategies

4. Physical Access Control System Market - Macro Economic Scenario

5. Physical Access Control System Market Size And Growth

6. Physical Access Control System Market Segmentation

7. Physical Access Control System Market Regional And Country Analysis

8. Asia-Pacific Physical Access Control System Market

9. China Physical Access Control System Market

10. India Physical Access Control System Market

11. Japan Physical Access Control System Market

12. Australia Physical Access Control System Market

13. Indonesia Physical Access Control System Market

14. South Korea Physical Access Control System Market

15. Western Europe Physical Access Control System Market

16. UK Physical Access Control System Market

17. Germany Physical Access Control System Market

18. France Physical Access Control System Market

19. Eastern Europe Physical Access Control System Market

20. Russia Physical Access Control System Market

21. North America Physical Access Control System Market

22. USA Physical Access Control System Market

23. South America Physical Access Control System Market

24. Brazil Physical Access Control System Market

25. Middle East Physical Access Control System Market

26. Africa Physical Access Control System Market

27. Physical Access Control System Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Physical Access Control System Market

29. Physical Access Control System Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

  • Honeywell Commercial Security

  • Bosch Security and Safety Systems

  • Safran Security

  • Assa Abloy AB

  • Tyco

  • Axis Communications

  • Allegion plc Ltd.

  • Aiphone Co.

  • TKH Group NV

  • Avigilon Corporation

  • Johnson Controls International Plc

  • Brivo Systems LLC

  • United Technologies Corporation

  • Identiv

  • Secugen Corporation

  • Paxton Access.

For more information about this report visit https://www.researchandmarkets.com/r/g14mb4

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900