Global Physical Access Control Market Overview:
Physical access control provides physical security by restricting or allowing access to a certain area or people in the building residential as well as commercial. It is used in a wide range of industries to enhance security, the physical access control is categorized as standalone access control, physical security as a service (PSaaS), access control as a service (ACaaS). The system protects against vandalism, theft, trespassing and also provides security to facilities that require extra security and protection.
- Demand for the Security in Residential and Commercial Applications
- Growing Advancement in Security Technology
- Risk of Vulnerability of Hacking in Smart Physical Access Control
- Surging Investment and Spendings of Business Organisation on Physical Access Control
- Regulatory Compliances with Physical Access Control
Some of the key players profiled in the report are Honeywell International Inc (United States), Bosch Sicherheitssysteme GmbH (Germany), Safran Group (France), Assa Abloy AB (Sweden), Cisco Systems, Inc. (United States), Tyco International plc (Ireland), Allegion plc (Ireland), Axis Communications AB (Sweden), Avigilon (Canada), Pelco Incorporated (United States) and Kastle Systems (United States). Considering Market by Components, the sub-segment i.e. Access Point will boost the Physical Access Control market.
Latest Market Insights:
On 9th July 2021, HID Global acquire Mercury Security, expand its reach in the physical access control market. The acquisition of Mercury Security will advance HID‘s global leadership in the physical access control industry, adding Mercury Security’s high-quality controllers to HID’s product portfolio while extending HID’s installed base of millions of users beyond the readers and smart cards.
On 29th June 2021, HID Global Expands Physical Access Control Credential Choice with Industry’s Most Feature-Rich MIFARE DESFire Product-Based Credential. HID’s credential based on MIFARE DESFire EV3 implements the technology’s full range of capabilities including AES128 encryption, a secure channel for protecting card data from man-in-the-middle attacks, and a random unique identifier (UID) for protecting user privacy.
What Can be Explored with the Physical Access Control Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Physical Access Control Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Physical Access Control
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Physical Access Control market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Physical Access Control market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Physical Access Control System Manufacturers, Physical Access Control Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Physical Access Control Market?
The Physical Access Control market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Physical Access Control Market?
Top performing companies in the Global Physical Access Control market are Honeywell International Inc (United States), Bosch Sicherheitssysteme GmbH (Germany), Safran Group (France), Assa Abloy AB (Sweden), Cisco Systems, Inc. (United States), Tyco International plc (Ireland), Allegion plc (Ireland), Axis Communications AB (Sweden), Avigilon (Canada), Pelco Incorporated (United States) and Kastle Systems (United States), to name a few.
3. What trending factors would impact Physical Access Control Market growth most?
"Integration of Smart Technology, Analytics, and Mobile-Supported Security in Physical Access Control" is seen as one of major influencing trends for Physical Access Control Market during projected period 2020-2026.