Pune, India -- (SBWIRE) -- 09/27/2016 -- According to the new market research report on the "Access Control Market by Type (Hardware, Software & Services), Hardware (Magnetic Stripe, Proximity & Smart Cards, Biometrics, Electronic Locks (Electromagnetic, Electric Strike, Wireless), Controller/Server, Geography - Global Forecast to 2022", the market is expected to be worth USD 9.80 Billion by 2022, at a CAGR of 7.49% between 2016 and 2022. The most significant factors driving the market are the increasing urbanization and technological developments. The growth in commercial & services and residential applications of this market is driven by rising adoption of electronic locks.

The market was dominated by companies in Europe and North America, followed by those in APAC. On one side where big names are dominating the market with their brand image, on the other side, the small players by providing innovative products intensifying the competition. As of 2015, the access control market is dominated by Assa Abloy AB (Sweden), Tyco International Plc (Ireland), Dorma + Kaba International Holding AG (Switzerland), and Allegion Plc (Ireland).

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These Top 5 players have a strong presence in both mature and emerging access control markets and have strong R&D facilities. Assa Abloy AB (Sweden) offers a wide range of door opening systems, including access control, mechanical, and electromechanical locking; identification technology; entrance automation; security doors; hotel security and mobile access. The company offers mechanical, electromechanical locks, digital door locks, cylinders, and security doors. It also offers electronic access control identification products and entrance automation on the global markets. It is focused to create future digital and mobile security solutions on its own technology platforms, such as Seos. This platform provides customers with an ecosystem in which digital identities can open doors, computers and printers, desktop readers and give access to other functions at home, workplaces, and so on. In March 2016, the company acquired Lighthouse (U.S.), a sectional door and docking distributor, to further strengthen its presence in North Carolina, South Carolina, and Tennessee.

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Tyco International Plc (Ireland) is a provider of security products and services, fire detection, and suppression products and services, and life safety products. It offers products and services primarily for commercial, industrial, retail, small business, institutional, and governmental markets. The company offers integrated electronic security systems and integrated fire detection and suppression systems. It also installs, services, and monitors integrated electronic security systems and integrated fire detection and suppression systems for commercial, industrial, retail, residential, small business, institutional and governmental customers. The company also offers fire protection, security and life safety products, including intrusion security, anti-theft devices, breathing apparatus and access control & video management systems, for commercial, industrial, retail, residential, small business, institutional and governmental applications worldwide. In May 2016, Tyco acquired Innometriks (Brazil) and 2DogsStudios (Brazil), developers of high assurance readers, software, and mobile solutions for FIPS-201 (federal information processing standard) smart card credentials, to strengthen its offerings pertaining to the access control and security management ecosystem.

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