Industrial Access Control Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

1. MarketsandMarkets Presents Industrial Access Control Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets [148 Pages Report] The industrial access control market is expected to reach USD 1,317.9 Million by 2023, at a CAGR of 8.33% between 2017 and 2023. The market is mainly driven by the growing demand for security solutions in industrial areas globally. The overall market is driven by factors such as the technological advancements and deployment of wireless technology in security systems and adoption of IOT-based security systems. For this study, the base year considered is 2016 and the market forecast is provided for 2017–2023.

2. The major driver for the growth of the industrial access control market is the high adoption of access control solutions due to growing security concerns in industrial applications globally. The overall industrial access control market is driven by factors such as technological advancements and deployment of wireless technology in security systems, and adoption of access control as a service (ACaaS). The market for electronic locks is expected to grow at the highest CAGR between 2017 and 2023. This is primarily due to reduced cost, increased convenience of not carrying any separate credential such as cards or key fobs. It also enables the users to monitor and operate remotely and transfer the credential over the mobile phones. These additional features are driving electronic locks for the industrial access control market. Utilities application is the largest application driving the growth of industrial access control market for avoiding security threats. Security solutions are a vital part of every industrial area setup and thus are expected to grow at a high rate during the forecast period. Protecting the infrastructure and assets from threats such as accidents, vandalism, theft, sabotage, and terrorism is the major concern for utilities application. These security issues increase the demand for access control systems and solutions for this application.

3. This report provides a detailed analysis of the industrial access control market by component, service, application, and geography North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). The main driver for the market is the growing demand for access control solutions in industrial sites. The report also profiles the key players and comprehensively analyzes their market ranking and core competencies, along with details of the competitive landscape of the market leaders. To estimate the size of the industrial access control market, top-down and bottom-up approaches have been used. This research study involves extensive reference to secondary sources, directories, and paid databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of industrial access control.

4. Key players in the ecosystem of the industrial access control market profiled in this report are ASSA ABLOY AB (Sweden), Johnson Controls International PLC (Ireland), dorma+kaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (US), NEC Corporation(Japan), Bosch Security Systems Inc. (Germany), Identiv, Inc. (US), Siemens Building Technologies (Switzerland), and 3M Company (US). Contact:MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com