What is Residential Access System Market Scope?
The residential access system is used or providing restrictive access to people's homes so that not anyone can be entered without permission particularly unknown who doesn't have access to the system. With the rising crime rates, it is required to have the access system or devices to keep the security of the house from an unknown intruder. The system gives protection to the belongings and assets of the home, this safety is provided by various types of technological devices enabling security control. The residential control system can be card-based, biometric, electronic, or other kinds of access systems, which can be only accessed by the allowed person.
The Residential Access System market study is being classified by Type (Card Access Control Systems, Biometric Access Control Systems, Electronic Locks Access Control Systems and Others), by Application (Multi-Family Residential, Single-Family House and Apartment/Condo) and major geographies with country level break-up.
Assa Abloy AB (Sweden), Dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Robert Bosch GmbH (Germany), Johnson Controls International plc (Ireland), Melrose Industries plc (United Kingdom), Brixey & Meyer Capital LLC (ACS) (United States), SALTO Systems (Spain), Arthur J. Gallagher & Co. (United States), Doorking (United States) and SmartRent (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Residential Access System market by Type, Application and Region.
On the basis of geography, the market of Residential Access System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 22nd May 2020, SmartRent, a provider of smart home automation for property owners, managers, developers, and residents, announced its own in-house perimeter and common area access control solution, Alloy Access. Now the first vendor to offer a single-software solution combining enterprise smart home and perimeter access control, SmartRent's Alloy Access will enable building access controls for residential and multifamily communities.
On 9th July 2020, Brixey & Meyer Capital announced it has acquired Access Control Systems ("ACS"). ACS is a value-added distributor, system integrator, and installer of access control systems which includes high-end residential and commercial automated gate systems, parking control systems, commercial security systems, and surveillance systems. ACS is headquartered in Nashville, TN, and has regional offices in Knoxville and Memphis, TN.
Influencing Market Trend
- Integration of IoT and Mobile Operated Residential Access System
- Growing Residential Building Construction
- Need for Automation in the Security with the Increasing Number Crimes
- Technological Advancement in the Residential Access System
- Rising Standards of Living with the Increasing Disposable Income of People
- High Cost Associated with the Installation of Residential Access System
- Technical Issues with the Connectivity of Residential Access System
- Stiff Competition in the Residential Access System Market
Key Target AudienceResidential Access System Manufacturers, Residential Access System International Traders, Residential Access System Distributors and Suppliers, Residential Access System Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Other
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