Global Physical Access Control Market Overview:
Physical access control provides physical security by restricting or allowing access to a certain area or people in the building residential as well as commercial. It is used in a wide range of industries to enhance security, the physical access control is categorized as standalone access control, physical security as a service (PSaaS), access control as a service (ACaaS). The system protects against vandalism, theft, trespassing and also provides security to facilities that require extra security and protection.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Smart Technology, Analytics, and Mobile-Supported Security in Physical Access Control
Market Growth Drivers:
Demand for the Security in Residential and Commercial Applications and Growing Advancement in Security Technology
Challenges:
Regulatory Compliances with Physical Access Control
Restraints:
Risk of Vulnerability of Hacking in Smart Physical Access Control
Opportunities:
Surging Investment and Spendings of Business Organisation on Physical Access Control
Competitive Landscape:
The growing popularity of physical access control system apps that provide remote security administration over the internet, there will be a significant increase in demand for physical access control systems in the market in the coming years. During the forecast period, key features such as precise level security, various location administration, and hassle-free operation will drive demand for physical access control systems even higher.
Some of the key players profiled in the report are Honeywell International Inc (United States), Bosch Sicherheitssysteme GmbH (Germany), Safran Group (France), Assa Abloy AB (Sweden), Cisco Systems, Inc. (United States), Tyco International plc (Ireland), Allegion plc (Ireland), Axis Communications AB (Sweden), Avigilon (Canada), Pelco Incorporated (United States) and Kastle Systems (United States). Analyst at AMA Research see Global Players to retain maximum share of Global Physical Access Control market by 2028. Considering Market by Components, the sub-segment i.e. Access Point will boost the Physical Access Control market.
Latest Market Insights:
In 2021, HID Global acquire Mercury Security, expand its reach in the physical access control market. The acquisition of Mercury Security will advance HID‘s global leadership in the physical access control industry, adding Mercury Security’s high-quality controllers to HID’s product portfolio while extending HID’s installed base of millions of users beyond the readers and smart cards.
In 2021, HID Global Expands Physical Access Control Credential Choice with Industry’s Most Feature-Rich MIFARE DESFire Product-Based Credential. HID’s credential based on MIFARE DESFire EV3 implements the technology’s full range of capabilities including AES128 encryption, a secure channel for protecting card data from man-in-the-middle attacks, and a random unique identifier (UID) for protecting user privacy.
What Can be Explored with the Physical Access Control Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Physical Access Control Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Physical Access Control
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Physical Access Control market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Physical Access Control market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Physical Access Control System Manufacturers, Physical Access Control Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.