Card-based access control systems market to grow to $11 billion by 2020
The global card-based electronic access control systems market is set to rise to around $11 billion by 2020, creating a global CAGR between 10 and 12 percent, recent research from Future Market Insights has found.
The value for this particular market segment was of around $6 billion back in 2014, the report can suggest.
The report covers two types of access control cards: proximity cards and smart cards and also examines the market by end-user types, which include “government, commercial, industrial, residential and others.
The paper found that commercial and industrial end-user segments are expected to lead the global market by value. Additionally, these segments are expected to show the leading growth rates for coming five years as compared to other end-user segments.
In terms of growth drivers, increasing investment in infrastructure by government [and] by private sectors of major economies, and increasing safety concerns, especially from crime and terrorist activities are driving the market growth, while pricing and relative lack of knowledge on the systems are viewed as the main challenges.
Tensor – the experts in card-based access control 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 devices such as barriers and turnstiles making full use of location points, whether in full view or hidden out of sight.
Operated by contactless smart cards, key fobs or biometrics, a 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’d like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we’d be more than happy to answer all of your questions and queries.