Global Access Control and Authentication Market Growth (Status and Outlook) 2023-2029

Global Access Control and Authentication Market Growth (Status and Outlook) 2023-2029

Access control and authentication are the numerous measures, which can be either electronic or physical, designed for monitoring of objects and people, and controlling access to and precluding intrusion of any information or property. The primary objective of access control and authentication is to restrict physical access of any unauthorized person in controlled facility. These systems are the security devices that control the access of resources in the operating system. Also, access control and authentication systems are the significant tools used for investigating or preventing crimes which may take place in public places such as multiplexes, shopping malls, airports, casinos, banks, ATMs and other such places. Security requires cost expenditure and has some drawbacks that restrict it from eliminating the risks entirely.

LPI (LP Information)' newest research report, the “Access Control and Authentication Industry Forecast” looks at past sales and reviews total world Access Control and Authentication sales in 2022, providing a comprehensive analysis by region and market sector of projected Access Control and Authentication sales for 2023 through 2029. With Access Control and Authentication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Access Control and Authentication industry.

This Insight Report provides a comprehensive analysis of the global Access Control and Authentication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Access Control and Authentication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Access Control and Authentication market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Access Control and Authentication and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Access Control and Authentication.

The global Access Control and Authentication market size is projected to grow from US$ 33790 million in 2022 to US$ 61760 million in 2029; it is expected to grow at a CAGR of 9.0% from 2023 to 2029.

North America and Europe are estimated to significantly contribute to the access control and authentication market growth owing to high government investments for public security. Moreover, escalating security budget for protection of important infrastructure across countries in the Asia Pacific region is expected to drive the regional demands for such security systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Access Control and Authentication market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Electronic Access Control (EAC)
Automatic Number Plate Recognition (ANPR)
Document Reader

Segmentation by application
Transportation and Logistics
Government and Public Sector
Utilities/Energy Markets

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Canon Inc
Genetec Inc
NDI Recognition Systems
Panasonic Systems Network
Q-Free ASA
Tattile S.r.l
Access (Access-IS)
Zhejiang Dahua Technologies
Honeywell International Inc
Morpho Safran Inc
Suprema Inc
Cisco Systems Inc
Pelco Inc (Schneider Electric)
3M Company

Please note: The report will take approximately 2 business days to prepare and deliver.