Physical access control system is a type of physical security designed to restrict or allow access to a certain area or building. Often, PACS are installed in order to protect businesses and property from vandalism, theft, and trespassing, and are especially useful in facilities that require higher levels of security and protection. Unlike physical barriers such as retaining walls, fences or strategic landscaping, physical access control procedures control who, how, and when a person can gain entry.
MARKET DYNAMICS
Rise in demand for biometric-based physical access control system such as fingerprint recognition, face recognition, voice recognition, and others are driving the growth of the physical access control system market. However, the high installation, maintenance, and ownership costs of physical access control systems may restrain the growth of the physical access control system market. Furthermore, growing demand from the services, communication, and media sector is anticipated to create market opportunities for the physical access control system market during the forecast period.
MARKET SCOPE
The "Global Physical Access Control System Market Analysis To 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The physical access control system market report aims to provide an overview of the physical access control system market with detailed market segmentation by technology, end user, and geography. The global physical access control system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading physical access control system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global physical access control system market is segmented on the basis of technology and end user. Based on technology, the physical access control system market is segmented into: keypad-based, card-based, and biometric-based. On the basis of end user, the physical access control system market is segmented into: BFSI, healthcare, manufacturing, retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global physical access control system market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The physical access control system market by each region is later sub-segmented by respective countries and segments. The physical access control system market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the physical access control system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the physical access control system market in these regions.
MARKET PLAYERS
The reports cover key developments in the physical access control system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from physical access control system market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the physical access control system market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the physical access control system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allegion plc
- Assa Abloy AB
- EH Media, LLC
- Honeywell International Inc.
- Identiv, Inc.
- Johnson Controls, Inc.
- Openpath, Inc.
- Robert Bosch GmbH
- Safran S.A.
- Tyco International plc