Industrial Access Control Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

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MarketsandMarkets Presents
Industrial Access Control Market Size, Growth,
Trend and Forecast to 2023 MarketsandMarkets 14
8 Pages Report The industrial access control
market is expected to reach USD 1,317.9 Million
by 2023, at a CAGR of 8.33 between 2017 and
2023. The market is mainly driven by the growing
demand for security solutions in industrial areas
globally. The overall market is driven by factors
such as the technological advancements and
deployment of wireless technology in security
systems and adoption of IOT-based security
systems. For this study, the base year considered
is 2016 and the market forecast is provided for
20172023.
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The major driver for the growth of the industrial
access control market is the high adoption of
access control solutions due to growing security
concerns in industrial applications globally. The
overall industrial access control market is
driven by factors such as technological
advancements and deployment of wireless
technology in security systems, and adoption of
access control as a service (ACaaS). The market
for electronic locks is expected to grow at the
highest CAGR between 2017 and 2023. This is
primarily due to reduced cost, increased
convenience of not carrying any separate
credential such as cards or key fobs. It also
enables the users to monitor and operate remotely
and transfer the credential over the mobile
phones. These additional features are driving
electronic locks for the industrial access
control market. Utilities application is the
largest application driving the growth of
industrial access control market for avoiding
security threats. Security solutions are a vital
part of every industrial area setup and thus are
expected to grow at a high rate during the
forecast period. Protecting the infrastructure
and assets from threats such as accidents,
vandalism, theft, sabotage, and terrorism is the
major concern for utilities application. These
security issues increase the demand for access
control systems and solutions for this
application.
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This report provides a detailed analysis of the
industrial access control market by component,
service, application, and geography North
America, Europe, Asia Pacific (APAC), and Rest of
the World (RoW). The report provides detailed
information regarding the major factors
influencing the growth of the market (drivers,
restraints, opportunities, and challenges). The
main driver for the market is the growing demand
for access control solutions in industrial sites.
The report also profiles the key players and
comprehensively analyzes their market ranking and
core competencies, along with details of the
competitive landscape of the market leaders. To
estimate the size of the industrial access
control market, top-down and bottom-up approaches
have been used. This research study involves
extensive reference to secondary sources,
directories, and paid databases such as Factiva
and OneSource to identify and collect information
useful to study the technical, market-oriented,
and commercial aspects of industrial access
control.
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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), dormakaba 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). ContactMarketsandMarkets INC. 630
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