The Latin America, Middle East and Africa Access Control Reader Market would witness market growth of 13.6% CAGR during the forecast period (2019-2025). The objective of access control is to reduce the risk of unauthorized access to physical and logical devices to a reasonable level. A key element of security compliance programs ensuring safety technology and access control policies are in location, such as client data, to protect private information. Most organizations have infrastructure and processes that restrict access, such as personal identification information and intellectual assets, to networks, computer systems, applications, databases and delicate information.
In many situations facial recognition is a perfect biometric and a valuable additive to the chainmail of biometric authentication procedures. However, it is not without issues, as Apple found when they introduced the iPhone X. Besides Face ID supposed failure for some to distinguish between individuals, Apple itself has acknowledged that the camera technology needed for facial tracking work is problematic and official guidelines have been given to iPhone customers.
This market growth is primarily motivated by a strong demand for greater safety; contactless interfaces to encourage smart card acceptance; and increased ease usage, enhanced security identity management and improved governance of human resources. Rapid urbanization is a key opportunity for the development of the industry for access readers in emerging economies. However, the market expansion is restricted by a constrained awareness of sophisticated security solutions by customers.
Based on Reader Type, the market is segmented into Biometric Readers, Card-Based Readers and Multi-Technology Readers. Biometric Readers are further segmented into Fingerprint, Face Recognition, Palm Recognition, Voice Recognition, IRIS Recognition and Others. Card-Based Readers are sub-segmented into Proximity Card Readers, Smart Card Readers and Magnetic Stripe Readers. The technologies used in Smart Card Readers are iCLASS, MIFARE and Others. Based on End User, the market is segmented into Commercial, Government and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Assa Abloy Group, Johnson Controls International PLC, Dormakaba Holding AG, Allegion PLC, Honeywell International, Inc. (Honeywell Security Group), Identiv, Inc., Nedap N.V., Robert Bosch GmbH (Bosch Security Systems, Inc.), Gemalto N.V. (Thales Group S.A.), NEC Corporation and Canon, Inc. (Axis Communication AB).
Market Segmentation:
By Reader Type
By End User
By Country
Companies Profiled
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