Memoori has charted the performance of the Access Control business during the last decade, witnessing demand for products expanded by a CAGR of 8.2%; and at the beginning of 2020 reaching sales of $8.7Bn. It has been problematic to size the market with confidence in 2020 because the COVID-19 pandemic has not yet been controlled and many countries across the world are in the midst of a second or third spikes in COVID infections and are locking down several aspects of civil society. In 2020, sales of Access Control products declined to $7.9Bn. Our market model forecasts that by 2025 the world market should be worth $10.2Bn a CAGR of approx. 5% over the next 5 years. Whilst there is nothing good you can say about COVID-19 it has created a pent-up demand and new applications for Access Control products are now providing a valuable service to control COVID-19 in buildings and in particular Identity […]