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Access Control Market Research 2020, Consumption, Companies , Industry Report Analysis and Future Demand By 2026

Kenneth Research released a report on Access Control Market that consists detailed analysis and industry insights for the forecast period, i.e.  2020-2026. On the basis of analysis of the market value and calculation of the CAGR during the forecast period, the latest trends and business opportunities in the market are discussed in the report. Backed by the growing advancements in the ICT industry, especially in the field of internet of technology (IoT) and artificial intelligence (AI), along with the advancements that support the basic backbone of the overall ICT industry, the Access Control Market is projected to grow with a modest CAGR during the forecast period, i.e. 2020-2026.

Download Sample of This Strategic Report: https://www.kennethresearch.com/report-details/access-control-market/10307124

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years.

Access control is one of the advanced measures to enhance security allowing the person to modify the security protocols for database and simultaneously control user access. Access control solutions are based on storing the identity of a person either by biometrics, or access card, and then verifying the same to provide access to a particular area in the enterprise. One of the providers of access control system, Princeton Identity has created a multi-biometric access control solution for shipping containers. It is designed to identify people as they pass through the shipping container.

The increasing security concerns for the data safety and growing penetration of cyber threats are the key factors fueling the market growth. In addition, the rising adaption of wireless technology and electronic devices are the other factor accelerating market growth. Moreover, owing to technological innovations the emergence of the internet of things for connected devices, cloud computing, and blockchain technology contributes to impose a positive outlook on the market. However, the unawareness among the population for the security solutions and high prices associated with it expected to hinder the market growth.

Market Segmentation
BY INDUSTRY
*Aerospace & Defense
*Commercial
*Government & Public Sector
*Healthcare & Life Sciences
*Manufacturing
*Residential

BY COMPONENT
*Hardware
*Services
– Consulting Services
– Managed Services
– Professional Services
– Support & Maintenance
*Software

By Regional Ananlysis
North America
*U.S.
*Canada

Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe

Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific

Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM

Middle East & Africa
*UAE
*Saudi Arabia
*South Africa
*Rest of MEA

The major players in global access control market include ASSA ABLOY AB, Johnson Controls International plc, dormakaba Holding AG, Allegion plc, Honeywell Security Group, Identiv, Inc., Nedap N.V., Suprema HQ Inc., Bosch Security Systems Inc., NEC Corporation, IDEMIA, Salto Systems, Axis Communications, Lenel Systems International, Time and Data Systems International, AMAG Technology, Gunnebo, Gallagher Group, Napco security Technologies, Kisi Inc., Cansec Systems, Vanderbilt Industries, Adman Technologies, and Brivo, Inc. and Gemalto N.V among others.

The Information and Communications Technologies (ICT) sector in Canada consists of more than 41,500 companies, out of which, over 37,000 companies come under the category of software and computer services industries. Hence, around 89.8% of key players in the ICT industry are involved in software and computer services, 4.5% companies are in ICT wholesaling, 3.4% in communications services and the remaining 2.2% companies are involved in ICT manufacturing in the country, as per the Canadian ICT Sector Profile released by the Government of Canada in 2018.

Reasons to Purchase this Report
* Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
* Provision of market value (USD Billion) data for each segment and sub-segment
* Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
* Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each   region
* Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and   acquisitions in the past five years of companies profiled
* Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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