Access Control Market - Insights into the Competitive Scenario of the Market 2025
The global Access control market accounted for US$ 6.05 Bn in 2017 and is expected to grow at a CAGR of 13.2% during the forecast period 2018 u2013 2025, to account to US$ 16.66 Bn by 2025. Growth in the recent years is primarily driven by the following major factors, such as increasing security concerns, deployment of IP based and wireless technologies, and technological advancements. Furthermore, the growth in commercial sector has propelled the market growth to a significant extent. North America is leading the access control throughout the forecast period. However, Asia Pacific is witnessing the highest CAGR.
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