According to a new report Global Access Control Reader Market, published by KBV Research, The Global Access Control Reader Market size is expected to reach $6.4 billion by 2025, rising at a market growth of 12.6% CAGR during the forecast period. The market growth of access control reader is primarily influenced by the growing demand for better security; contactless interfaces to increase the adoption of smart cards; and escalated convenience, improved security identity management, and better human resource management. The growing urbanization of emerging economies offers significant possibilities for the growth of the market for access control reader.
The Asia Pacific market dominated the Global Fingerprint Access Control Reader Market by Region 2018, growing at a CAGR of 12.7 % during the forecast period. The Europe market is expected to witness a CAGR of 11.6% during (2019 - 2025). Additionally, The North America market is expected to witness a CAGR of 11.5% during (2019 - 2025).
The Proximity Card Readers market dominated the Global Access Control Reader Market by Card-Based Reader Type 2018, growing at a CAGR of 10.5 % during the forecast period. The Smart Card Readers market is expected to witness a CAGR of 12.2% during (2019 - 2025).
Full Report:https://www.kbvresearch.com/access-control-reader-market/
The Commercial market dominated the Global Access Control Reader Market by Vertical 2018, growing at a CAGR of 12.2 % during the forecast period. The demand for residential access control readers is projected to develop over the forecast period at the highest CAGR. Access readers are used in smart homes to increase security. The major factors that contribute to this product development include rising crime levels, ongoing technological advances, and increased need for detection of hazards such as fire and gas leaks, in order to guarantee the security of children at home. The growing trend in smart residential will boost the requirement for residential access control readers.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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