Security

Access Control Leads the Way in the Physical Security Business

The Access Control business has over the last 10 years completely changed its image from being a rather unattractive slow growth and conservative business; To today, taking up a position as a fast growing confident business. The Access Control industry has listened and acted on the needs of the stakeholders in the supply chain and as a result the world market for Access Control products and software reached $6.83 billion in 2016 an increase of 10% on 2015. For the last 2 years Access Control has achieved a much higher rate of growth than either of the other 2 sectors (Video Surveillance, Intruder Alarms) and it looks like it will retain this status in 2017. We forecast that it will grow by a CAGR of 11.23% to 2021 making sales of $11.56 billion in that year. These levels of growth will be driven by ACaaS, Biometric Readers, Identity Management, Wireless Locking Systems and more penetration […]

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