Security

Major Trends in the Global Access Control Market 2019

Memoori’s 2019 Physical Security report shows that the market for Access Control products reached over $8Bn this year, a growth of 8.2%. We forecast that by 2024 the world market will be worth over $12Bn, a CAGR of 8.48%. Demand has been driven by growth in IP Networking products, Access Control as a Service (ACaaS), Biometric Readers and Identity Access Management. Integration with other Physical security systems and Building Automation Systems (BAS) is now a common requirement. More recently there is a growing demand for Access Control systems to lead on Building Occupancy Management systems. The later has quickly become a complement to Access Control delivering valuable information on the location of staff and visitors and in the event of an emergency to rapidly clear the building. There has been significant growth this year in ACaaS, probably as high as 20% and now very few doubt that it cannot perform a valuable service to end […]

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