Security

Major Trends in the Global Access Control Market 2018

In 2018, the global Access Control product market realized a growth of 8% reaching sales of $7.45Bn. This is an average growth across the world and we believe that some western countries have well exceeded this figure. We forecast that it will grow by a CAGR of 7.5% / 8% to 2023 making sales of approximately $11Bn in that year. Demand will be driven by growth in IP Networking products, ACaaS, Biometric Readers and Identity Management. Integration with other Physical security systems and Building Automation Systems (BAS) is now an established part of the business and this is generating further growth. Access Control is still a much smaller business than Video Surveillance and today is less price sensitive, but consolidation is creating a more competitive environment and with it comes the confidence to move forward and take up the challenge of embracing new technologies that will deliver better performing products necessary to continue cranking up […]

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