Access control market set for very strong growth until 2023, new research reveals
The access control market is expected to grow at a CAGR of 6.48% between 2017 and 2023, reaching an estimated value of USD 10.03 Billion by the end of the forecast interval, a recent research report by Markets and Markets™ has been able to suggest.
The paper, titled “Access Control Market by Component (Hardware (Card-Based Readers, Biometric Readers, Electronic Locks, Controllers, and Others) and Software), Service (Installation, Maintenance, and ACaaS), Vertical, and Geography – Global Forecast to 2023″, suggests that the most important market growth driver will be represented by the high adoption of access control solutions owing to growing security concerns globally.
The overall access control market is driven by factors such as technological advancements and deployment of wireless technology in security systems, and the adoption of access control as a service (ACaaS) and mobile access control.
The market for card-based readers is expected to grow at the highest CAGR between 2017 and 2023, as cards are used as a credential in an access control system to authenticate a person’s identity, determine the appropriate level of access, and provide access to the physical resource. It also enables the users to monitor and operate remotely and transfer the credential over the mobile phones. These additional features are driving the demand for smart cards and proximity cards in the access control market.
TENSOR – EXPERTS IN DEPLOYING SECURE, RELIABLE AND AFFORDABLE ACCESS CONTROL PRODUCTS AND SYSTEMS
Tensor plc is the No.1 British designer and manufacturer of smart card – based access control and time and attendance terminals. We supply top-quality, reliable and secure Access Control Systems that adhere to the latest industry standards and have numerous partners and distributors across the world.
You can control most standard types of internal/external electronic door releases and physical security devicessuch as barriers and turnstiles making full use of location points, whether in full view or hidden out of sight using multi-factor authentication solutions.
Operated by contactless smart cards, key fobs or biometrics, Tensor Access Control Systems give you full control over who is allowed access through any controlled point at any time of any day, placing it at the forefront of security solutions.
Tensor Access Control is modular in design, and has the advanced capability of being able to be adapted and extended to integrate with a time and attendance system seamlessly and without complication.
If you would like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we would be more than happy to answer all of your questions and queries.