Global Wireless Access Control Market: Overview
Wireless access control is now widely been deployed with wired access controls in many commercial facilities and institutions. The main function of wireless access control is to provide authentication and authorization for the valid users. Wireless access controls uses radio frequency technology to communicate in real time and allows the end users to access to their facilities. It offers flexibility over traditional hardwired access control systems, as it is easy to install and cost lesser than traditional wired access control. In light of these advantages, the global wireless access control market was valued at US$830.37 mn in 2016 and is expected to grow at a CAGR of 7.9% from 2017 to 2025. Transparency Market Research states that the global wireless access control market will be worth US$1,657.0 mn by the end of 2025.
Get Sample Copy:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30485
RFID Tags to Remain Popular Form of Wireless Access Control
Global wireless access control market is segmented into component, application, end-use industry, and by region. By component, the market is further segmented into hardware, software and services. Hardware segment is further bifurcated into readers, locks, transceivers, batteries and others. Again, the readers sub segment is further divided into biometric, RFID tags and readers, mobile credentials and others. A thorough analysis of the market suggested that the RFID tags and readers is popular amongst enterprises that have a capacity of over 200, whereas biometrics remained integral to smaller setups. However, the overwhelming usage of smartphones is likely to have a positive impact on smartphone access sub-segment.
By application, wireless access control market can segmented into door access controls and non-door access controls. Door access controls contributing highest market share, the main functions of door access control is used to provide access to authorized users, monitoring timing and attendance. Also, the non-door access controls that includes cabinet locks, server rooms and others are becoming the hottest trends. Analysts anticipate that the non-door access control segment is likely to surge at a CAGR of 12.9% during the forecast period.
By end-use industry, the wireless access control market can be segmented into residential, commercial and institutional. Commercial industry enjoys the highest market share among others due to necessity of safeguarding the organization assets and employee’s safety. The commercial segment is expected to the lead the global market as the need to secure workplace premises is an urgent one amongst enterprises of varying capacities. By the end of 2025, the commercial segment is projected to acquire a share of 56.31% in the global wireless access control market in terms of revenue.
Grab an exclusive PDF Brochure of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30485
High Usage of Smartphones in North America Puts Region at the Forefront of Wireless Access Control Market
Global wireless access control market is segmented by region into North America, which includes the U.S, Canada, and Rest of North America, South America, which is inclusive of Brazil and Rest of South America, Europe, which includes the U.K., France, Germany, and Rest of Europe, Asia Pacific, which includes China, India, Japan, and Rest of Asia Pacific), and the Middle East & Africa, which includes GCC, South Africa, Rest of Middle East & Africa). North America has the highest market share for wireless access controls with the highest market revenue in 2016, accounting to about 31.3% in terms of revenue. This trend in the regional market will be fueled by the increasing usage of smartphones. Asia Pacific region is anticipated to grow at highest CAGR of 9.3% by revenue due to rise in service industry in the emerging economies of this region.
The prominent players in the wireless access control market includes ASSA ABLOY Group, Dormakaba Holding AG, Johnson Controls Plc., Salto Systems K.S., Bosch Security System, Honeywell Security Group, Cansec System, Tyco Security Products, Godrej & Boyce Manufacturing Company, Altman Integrated Technologies and Nortek Security and Control LLC among others had an prominent market share. For global wireless access control market, ASSA ABLOY Group and Dormakaba Holding AG held the largest market share in 2016.
Read Our Latest Press Release:
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
