Transparency Market Research has announced the publication of a
research study, titled “Access Control and Authentication Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020.” The report provides a comprehensive analysis of the
global market for access control and authentication. According to the
research study, in 2013, the global access control and authentication
market was worth US$18.72 bn and is estimated to reach a value of
US$49.89 bn by the end of 2020. The market is projected to exhibit a
healthy 15.30% CAGR between 2014 and 2020.
Access control and authentication refers to several measures taken in
order to control and monitor access so as to prevent the intrusion of
a person into information database or property. It also concerns the
restriction of physical access to unauthorized individuals in
facilities needing high security. These systems are sophisticated
tools and are used to prevent crimes, which may arise in several
public places including multiplexes, banks, casinos, shopping malls,
airports, and ATMs.
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On the basis of type, the global market for access control and
authentication is classified into automatic number plate recognition,
electronic access control, and document reader. The electronic access
control segment is sub-categorized into card-based access control,
biometrics, and radio frequency identification. Among these types,
the biometric segment is anticipated to register a high growth rate
in the forecast period.
By end use, in 2013, the transportation and logistics segment led the
market, holding a 23% share in the global market for access control
and authentication. Several terror attacks on transportation
facilities in many countries have forced the governments to impose
strict guidelines and invest extensively in improving the security
standards. On the other hand, the healthcare segment is estimated to
exhibit a progressive 20.40% CAGR between 2014 and 2020, owing to the
rising demand for advanced security solutions to safeguard patient
monitoring.
By geography, in 2013, North America dominated the market, accounting
for a 32% share in the global market for access control and
authentication. Nevertheless, the Asia Pacific market for access
control and authentication is anticipated to witness the most rapid
growth amongst all other regions. The Asia Pacific market is
projected to register a progressive 17.10% CAGR between 2014 and
2020. The rapid development of this region can be attributed to the
increasing demand for access control and authentication from several
countries such as Thailand, China, India, and Vietnam. In addition,
the increased funding for the development of infrastructure is
expected to nurture several investment opportunities in advanced
security solutions in these countries.
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Furthermore, the research study covers the competitive scenario of
the global market for access control and authentication, including
detailed company profiles and their product portfolio. Some of the
major players operating in the global market for access control and
authentication are Genetec Inc., Cisco Systems Inc., Panasonic
Systems Networks Co. Ltd., 3M Company, Honeywell Security Group,
Bosch Security Systems, Pelco Inc., Zhejiang Dahua Technology Co.
Ltd., Axis Communications, and Canon Inc.
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Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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