The Latin America Card-based Access Control Market size is estimated at USD 190 million in 2024, and is expected to reach USD 240 million by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
The Latin American card-based access control market has various major players that have been using various strategies, such as new product launches, joint ventures, expansions, partnerships, acquisitions, etc., to increase their footprints in this market, which intensifies market rivalry. The market is semi-consolidated. Some of the key players are ADT LLC, Allegion PLC, ASSA ABLOY AB, HID Global Corporation, and Axis Communications AB.
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