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(Wireless-NewsWire.Com, July 25, 2018 ) Increasing need for safety and security is expected to drive the global access control and authentication market growth over the forecast period. Designed to monitor people & objects, control their access, and prevent intrusion into any property or information, the systems are mainly responsible for the selective restricted access to a place. These are controlling tools and are used in the investigation and prevention of crimes that are bound to take place in multiplexes, malls, airports, banks, ATMs, and casinos.
Global access control and authentication market was valued at US$ 18,723mn. The market is expected to exhibit a CAGR of +14% from 2018 and 2022 and is estimated to reach a valuation of US$ 49,890 mn by 2022.
Increasing awareness, rising security concerns, and acceptance of technology for security purposes are among the key driving factors of the global access control and authentication market. Prevention of activities like damage in logistics and transportation, trafficking, smuggling, crime, and terrorism are motivating governments from across the world to set strict laws and regulations and enhance security systems.
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Key players in the access control and authentication market include Bosch, Panasonic Corporation, 3M Company, Honeywell Group, Axis Communications, Pelco Inc., Cisco, Access Ltd., Suprema Inc., Canon Inc., and Genetec Inc.
The rising cost of advanced access control and authentication systems may act as a restraint for market growth. However, developing technologies and innovations are expected to overcome this challenge. Trend for mobility-based solutions are motivating the engineers to build mobile security solutions. However, connecting these devices through the wireless mode is considered insecure by various end-user industries.
The acceptance of this market is anticipated to surge in small and medium enterprises over the prognosis period, owing to the cumulative application of appropriate market tools to target numerous groups of customers for branding their products, solutions, and services. North America and Europe are estimated to significantly contribute to the access control and authentication market growth owing to high government investments for public security.
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Table of Content:
Access Control And Authentication Market Research Report 2018-2023
Chapter 1: Access Control And Authentication Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Access Control And Authentication Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Access Control And Authentication Market Forecast
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