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Access Control Reader Market Trends

  • Report ID: GMI8981
  • Published Date: Apr 2024
  • Report Format: PDF

Access Control Reader Market Trends

Access control systems are increasingly being integrated with Internet of Things (IoT) devices and smart building management systems. This trend enables automated adjustments of lighting, heating, and cooling systems based on occupancy and enhanced security monitoring & management. The convergence of access control with building automation systems represents a move toward holistic building management solutions that emphasize sustainability and operational efficiency.

Cloud-based access control solutions are becoming more prevalent, offering scalability, remote management capabilities, and reduced infrastructure costs. These systems enable administrators to manage access permissions remotely, receive real-time alerts, and perform system updates and maintenance with minimal downtime. The rise of cloud-based solutions reflects the broader digital transformation in security management, emphasizing flexibility and accessibility.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of access control reader reached USD 4.5 billion in 2023 and is set to grow at 13.5% CAGR between 2024 and 2032, propelled by expansion of smart cities and urban infrastructure.

The biometric reader type segment held a decent share in 2023 and is poised to witness 5% CAGR till 2032, owing to its unmatched security.

North America access control reader industry held a revenue share of over 30% in 2023 and is set to expand rapidly by 2032, driven by technological advancements and innovation.

ASSA ABLOY AB, Dormakaba Holding AG, Allegion PLC, Identiv, Inc., IDEMIA, Suprema Hq Inc., Nedap N.V among others.

Access Control Reader Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 302
  • Countries covered: 21
  • Pages: 250
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