Door Access Control System Market was valued at over USD 7 billion in 2022 and is anticipated to grow at a CAGR of over 9% between 2023 and 2032. Security concerns underscore the importance of safeguarding physical spaces and assets, boosting the business growth.
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The increasing prevalence of theft, vandalism, and unauthorized access poses considerable risks to businesses, institutions, and residences. High-profile incidents and growing awareness of these threats have propelled the demand for robust access control solutions. Businesses and organizations recognize the need to protect their assets, employees, and sensitive data. Access control systems offer comprehensive solutions by allowing authorized personnel to enter secured areas while denying entry to unauthorized individuals. This mitigates security risks and enhances operational efficiency by eliminating the need for traditional locks and keys, which can be easily compromised.
Compliance with industry-specific regulations and standards further amplifies the importance of access control systems. Businesses are required to adhere to stringent security guidelines, and access control provides a reliable means of achieving & maintaining compliance. Overall, the escalating security concerns drive the continuous growth of the door access control system market, as individuals and entities seek reliable & technologically advanced solutions to protect their physical spaces. For instance, in July 2023, Anviz Global Inc. launched the next-generation access control solutions powered by Open Supervised Device Protocol (OSDP). The two new models – the SAC921 single-door access controller and C2KA-OSDP RFID keypad reader, ensure customer safety.
|Door Access Control System Market Size in 2022:
|USD 7.3 Billion
|2022 to 2032
|Forecast Period 2022 to 2032 CAGR:
|2032 Value Projection:
|USD 15 Billion
|Historical Data for:
|2018 – 2022
|No. of Pages:
|Tables, Charts & Figures:
|Model, component, end-use industry & region
|Pitfalls & Challenges:
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Older buildings or systems may not readily support modern access control technology, necessitating costly upgrades or retrofits. This can disrupt operations and increase expenses. Incompatible hardware and software can lead to inefficiencies and reduced security. Ensuring seamless compatibility with legacy systems is crucial for a successful transition to access control. Addressing these challenges can be a barrier for potential customers looking to adopt these systems.