PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300764
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300764
Global Access Control Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2023-2030. Products for access control offer users the ability to verify which is authorized to access a company's physical infrastructure. Physical access control is the process of securing a certain area, such as a building, a parking lot, or an office. The management and enforcement of physical security typically require the installation of a physical access control system (PACS). PACS prevents unauthorized access to certain portions of a structure or its surroundings. The market growth is driven by significant factors such as the growing penetration of cyber threats and technological innovations and the emergence of the Internet of Things for connected devices.
According to Statista, Manufacturing had the highest percentage of cyberattacks among the top global industries in 2022. Nearly 25% of all cyberattacks during the studied year were committed against manufacturing companies. Insurance and finance came in second place with about 19 percent. With a share of 14.6 percent, professional, business, and consumer services came in third. Furthermore, the market for cyber threat intelligence (CTI) was projected to reach USD 11.6 billion in value worldwide in 2023. Organizations may adapt to the changing threat landscape with the aid of CTI, a product category of cyber defence programs. The threat intelligence services industry is another sector in which CTI operates. The market for CTI is anticipated to reach more than 44 billion dollars by 2033. Moreover, the increase in usage of advanced technologies such as artificial intelligence and the increasing popularity of access control devices in commercial spaces enhanced the market opportunities during the projected period. However, operational and ROI Concerns and a lack of awareness about security solutions stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Access Control Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the market growth owing to an increase in expenditure on wireless systems and the adoption of cloud computing and IoT-based systems. On the other side, Asia Pacific is expected to be the fastest growing region owing to expanding construction sector, a large number of manufacturing industries, and a growing crime rate.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable