Chemical Analysis Report Access Control Device Market 2018 - 2022

Analysis of Access Control Device
Market by 2022
Global Access Control Device Market Report 2018 explores
future trends for supply, demand and market growth rate,
market size, prices, trading, competition and value chain as
well as Key Players of the industry’s information with forecast
from 2018 to 2022.
Global Access Control Device Market Overview:
According to Market Analyst, Global Access Control Device Market is projected to grow at a healthy
growth rate from 2018 to 2022.
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The major driver for the growth of the market is the high adoption of access control solutions owing to
growing security concerns globally. Global Access Control Device Market is Mainly driven by factors such
as technological advancements and deployment of wireless technology in security systems, and the
adoption of access control as a service (ACaaS) and mobile access control.
The Global Access Control Device Market Segmented on the Basis of Product Type, Industry and Region.
On the Basis of Product Type, Market is sub segmented into Card-Based Readers, Biometric Readers,
Electronic Locks, Controllers. According to Report Analysis, The market for card-based readers is
expected to grow at the highest CAGR between 2018 and 2022. The card is used as a credential in an
access control system to authenticate a person’s identity, determine the appropriate level of access, and
provide access to the physical resource.
Based on Industry Segment, Market is further segmented into Residential, Commercial, Government,
Others. In the commercial vertical, various commercial areas, such as enterprises and data centers,
banks and financial centers, hotels, retail stores and malls, and entertainment areas, are considered.
Protecting the infrastructure and assets from threats such as accidents, vandalism, theft, sabotage, and
terrorism is a major concern for the commercial vertical. These security issues increase the demand for
access control systems and solutions for this vertical.
On the Basis of Region, Asia Pacific is expected to grow at the highest CAGR between 2018 and 2022 due
to the rising penetration of security systems in small and medium-sized enterprises, hospitality
businesses, airports, ATMs, banks, residential buildings, and religious places, among others.