Industrial Access Control Market worth $1,318 million by 2023 growing with a CAGR of 8.3%

1. MarketsandMarkets Presents Industrial Access Control Market worth $1,318 million by 2023 growing with a CAGR of 8.3% Theindustrial access control market is rapidly growing owing to the increase in demand for security solutions in the industrial applications. The industrial access control market is highly competitive because of the presence of a large number of big and small players. This market is largely dominated by companies in Europe, followed by in North America

2. . 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). Companies have implemented different strategies to maintain their position in the industrial access control market, and ensure long-term growth and profitability. Many players have adopted mergers and acquisitions strategies to increase the demand for their technologies and cater to diverse application areas. These strategies accounted for ~48% of all the growth strategies adopted by players in this market. Along with mergers and acquisitions, companies also adopted the strategies of product launches, collaborations, agreements, partnerships, and expansions to increase their market share, expand their geographic presence, and gain recognition in the industrial access control market.

3. ASSA ABLOY AB (Sweden) is a leading global provider of door opening solutions such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. The company also offers identity and access management tools, biometrics, and government IDs for authenticity and protection. The company developed the Aperio technology to complement its electronic access control systems by providing access to a unlimited number of existing or new doors. The company plans to grow by expanding its innovative products and solutions and acquiring companies. In March 2016, ASSA ABLOY acquired 100% share capital of Lighthouse (US), a distributor of industrial doors and docking systems. The acquisition with Lighthouse helps in the strategy of expanding the ASSA’s market presence in the US in the area of entrance automation. Johnson Controls International PLC (Ireland) is a leading provider of access control readers and cards, hosted access control, enterprise access control, visitor management systems, identity management systems, door entry systems, smart cards and biometrics, and integrated access control systems.

4. To grow in the access control system market, in September 2016, the company merged with Tyco International PLC (Ireland), a leading provider of premium access control, video, location-based tracking and intrusion solutions under its brands Kantech, Software House, and CEM Systems with a wide range of customers in more than 150 countries. The combination of the Tyco and Johnson Controls buildings platforms has significant opportunities for near-term growth through cross-selling, complementary branch and channel networks, and expanded its global reach for the established businesses. Contact:MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com