Access Control Market Analysis

Offering (Electronic Locks, Card Reader, Biometric Readers)

The global access control market is segmented and analyzed for demand and supply by offering into electronic locks, card reader & access control devices, and biometric readers. Out of the three offerings of access control, the electronic locks segment is estimated to gain the largest access control market share in the year 2037. The growth of the segment can be attributed to the increasing demand for smart locks at homes. The electronic lock, also known as a digital lock, is currently one of the most potent solutions available. It is becoming more and more popular not just in commercial and industrial settings but also in individual residences. Almost 12 million homes in the United States have smart locks installed as a result of their rapid growth. In the world, mechanical door locks are installed on most residential doors, and on the other hand, the smart door locks are gradually replacing outside locks. Out of all, the most common and easiest of electronic locks is the electronic code lock. The user enters a code on a keyboard to activate it.

End-user (Government, Residential, Commercial, Industrial, Healthcare, Military & Defense, Transport & Logistics)

The global access control market is also segmented and analyzed for demand and supply by end user into government, residential, commercial, industrial, healthcare, military & defense, and transport & logistics. Amongst these three segments, the government segment is expected to garner a significant share of around in the year 2037. Government organizations and departments produce, distribute, and retain large volumes of frequently sensitive data, imposing a high risk of cybercrime. The growth of the segment is primarily attributed to rising cases of cyberattacks. In the United States federal agencies reported more than 31,000 cybersecurity incidents in 2018 alone. The United States government was responsible for around 2 percent of exposed data and nearly 6% of all data breaches the following year. Access control manager (ACM) is an on-premise system that provides the same level of control and auditability for government buildings that must adhere to strict security compliances, with extra capabilities made especially for federal systems.

Our in-depth analysis of the global access control market includes the following segments: