Access Control and Authentication Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Semiconductor and Electronics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC161

Access control and authentication are the numerous measures, which can be either electronic or physical, designed for monitoring of objects and people, and controlling access to and precluding intrusion of any information or property. The primary objective of access control and authentication is to restrict physical access of any unauthorized person in controlled facility. These systems are the security devices that control the access of resources in the operating system. Also, access control and authentication systems are the significant tools used for investigating or preventing crimes which may take place in public places such as multiplexes, shopping malls, airports, casinos, banks, ATMs and other such places. Security requires cost expenditure and has some drawbacks that restrict it from eliminating the risks entirely.
 
Increasing incidences of terrorism, and safety & security concerns are the major factors influencing the growth of access control and authentication systems market, globally. Also, with the advancement of infrastructure developments, the business organizations are extensively adopting the access control and authentication systems. Increased criminal activities is also boosting the market for access control and authentication systems and making the market complicated and sophisticated. A few other factors bolstering the market include increasing trend of biometric authentication procedures in mobile devices. Fingerprint recognition is used as a feature for authentication in high-end mobile phones and is soon expected to be added as a feature in mid-range devices too. With the growing smartphone usage day-by-day, these devices have become crucial for saving important information. Thus, the concern of smartphone users towards unauthorized access to their mobile devices is driving the market for access control and authentication. The rising concerns regarding illegal immigration and the subsequent risk of document counterfeiting have also increased the demand for document readers. Additionally, the rising threat of terrorism is another factor bolstering the market growth.
 
In the past few years, the use of access control and authentication systems has increased in different applications ranging from defense to commercial sectors. High growth is witnessed in hospital, banking, retail and IT sector thereby, increasing the demand for access control and authentication systems. However, factors such as high costs, false alarms and lack of awareness among people particularly, in Asian countries are few factors hampering the market growth. Although, with the advancement in technology, the costs of these systems is anticipated to decrease which may result in rising adoption of these devices in APAC region. 
 

Report Coverage

Market

Access Control and Authentication Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product, End-user, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

The market for access control and authentication is segmented based on product type, end-user and geography. By product type, the access control and authentication systems market is segmented into automatic number plate recognition, electronic access control systems and document readers. Further, by end-users, the market is bifurcated into transportation & logistics, government, healthcare, educational institutes, utilities, hospitality, industrial, retail, business organizations and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. 
 
Electronic access control system is the leading segment in access control and authentication market whereas, transportation & logistics is the dominant end user sector in the market. North America is dominating the access control and authentication market, globally, but Asia Pacific is expected to surpass North America over the forecast period. The growth in Asia Pacific is attributed by the decreasing cost of access control and authentication devices, rising concerns towards security and increasing awareness of people towards this technology.
 
Some of the major industry players operating in this market include Axis Communications, 3M Company, Panasonic Systems Networks Co. Ltd, Bosch Security Systems, Genetec Inc., Honeywell Security Group, Honeywell Security Group, Zhejiang Dahua Technology Co. Ltd. among others.
 

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