Pune, India -- (SBWire) -- 10/26/2015 --The integration of entrance control along with the biometrics, access cards, and video surveillance and mobile devices is evidence of the unification of different technologies. Today we live in an age where security has become a prime concern, whether it is in a commercial, residential, or homeland sector, with access control becoming a part of everyday life. Unification provides access information, which reduces the overall cost along with the enhancing the features and capabilities of the device. These capabilities of unification are now driving product launch & development, systems integration, and connecting the manufacturers, integrators, and end users; thereby driving the growth of the access control market.
Browse 70 market data tables and 76 figures spread through 152 pages and in-depth TOC on "Access Control Market - Global Forecast & Analysis to 2020".
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The government and commercial sectors currently are the key areas in the access control market, and advanced access control solutions, access control protocol standardization, and security management are deeply penetrating these areas. The potential of cloud storage which is a newly added concept has still not been realized in the access control industry, unlike other technology sectors. However, the vendors in the access control market are moving towards adopting cloud services for their systems. Apart from this, biometrics is becoming an integral part of the access control market. The access control industry is currently focusing on different biometric recognitions such as iris, hand geometry, signature verification, fingerprint and face recognition techniques, wherein around 60% of the biometrics market is held by the fingerprint sensing technology. The access control market is continuously evolving and is expected to become one of the most profitable industries in the future.
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The report estimates the access control market in 2013 to be worth $5.24 billion, which is expected to grow at a CAGR of 10.6% between 2014 and 2020. The report provides the market size (in terms of $million and unit shipment) of the access control market which has been segmented by type, application, and geography. The product type segmentation includes the contact, contactless, and hybrid (dual interface) cards and readers, biometrics, mobile access, controller, and management software. The application segment covers commercial, government, defense & homeland security, healthcare, and so on. The report also provides an in-depth analysis of the key players in the security solutions and services ecosystem with their profiles, recent developments, key issues, SWOT analysis, and opportunities in the market, global adoption trends, and growth potential.
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Unification & Continuous Technological Advancements - the Ultimate Goal of Access Control Market
The access control market is expected to reach $10.4 billion by 2020, at a CAGR of 10.6% between 2014 and 2020. Biometrics has played a crucial role in the growth of access control products by unifying both the technologies