Security Threats lead to Strong Growth Prospects in the Access Control Market
The growth of the commercial sector and increased security threats across the world will lead to a strong growth prospects in the access control sector over the next 6 years, a recent market research report has been able to suggest.
The “Access Control Market by Component (Hardware (Card-Based Readers, Biometric Readers, Electronic Locks, Controllers, and Others) and Software), Service (Installation, Maintenance, and ACaaS), Vertical, and Geography – Global Forecast to 2023” report from Research and Markets suggests that the access control market is expected to be worth USD 10.03 Billion by 2023, growing at a CAGR of 6.48% between 2017 and 2023.
Factors such as the high adoption of access control solutions due to growing security concerns, technological advancements, the deployment of wireless technology in security systems, and the adoption of Internet of Things (IoT)-based security systems drive this market. The adoption of access control systems is growing in the existing and potential market segments, such as banking and finance, enterprises, retail, and hospitality.
In 2016, the commercial vertical accounted for the largest share of the access control market, followed by the government vertical. The market for the commercial is expected to grow at a high CAGR between 2017 and 2023. The growing demand for access control systems due to increasing security concerns in enterprises and data centers, banks and financial centers, hotels, retail stores and malls, and entertainment areas is contributing to the growth of the access control market.
Access Control UK – experts in access control
Access Control UK employs a variety of access control technologies in order to create advanced solutions, enable users to exert solid, reliable and accurate control over the access to specific premises or zones.
An UK-based manufacturer, we have over 30 years’ experience in designing, installing and commissioning outstanding security solutions. We take great pride in our commitment to provide the best possible customer care and adhere to the highest British and International security standards, which is why we’ve been formally accredited by several accreditation bodies (visit our Accreditations page for more information).
The Access Control Systems supplied by Access Control UK are modular and fully scalable in design, thus allowing you to build your access control system to match your specific requirements, whether you’re a small company with under 250 personnel or a large multinational corporation.
If you’d like to find out more about the range of solutions supplied by Access Control UK, both in terms of hardware (smart card readers, biometric readers, turnstiles, etc.) and software (access rights management software solutions, etc.), just contact us, we’ll be more than happy to answer any queries you might have.