Industrial Access Control : Key Market Insights & Analysis

The Industrial access control market is rapidly growing owing to the increase in demand for security solutions in the industrial applications. The industrial access control market is highly competitive because of the presence of a large number of big and small players. Companies have implemented different strategies to maintain their position in the industrial access control market, and ensure long-term growth and profitability. Many players have adopted mergers and acquisitions strategies to increase the demand for their technologies and cater to diverse application areas.

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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).

Electronic locks expected to drive the growth of the industrial access control market

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 expected to grow at the highest rate between 2017 and 2023

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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Asia Pacific to witness the highest growth between 2017 and 2023

The industrial access control market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2023. The reason for this growth is the huge population base, rapid industrialization, and increasing focus on security threats in this region. In APAC, the industrial access control market is mainly driven by China, Japan, and India because of the rapid pace of industrialization in these countries. Therefore, the industrial access control market in APAC is expected to witness rapid growth between 2017 and 2023.

Johnson Controls International PLC (Ireland) is a leading provider of access control readers and cards, hosted access control, enterprise access control, visitor management systems, identity management systems, door entry systems, smart cards and biometrics, and integrated access control systems. To grow in the access control system market, in September 2016, the company merged with Tyco International PLC (Ireland), a leading provider of premium access control, video, location-based tracking and intrusion solutions under its brands Kantech, Software House, and CEM

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), dorma+kaba 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).

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