Industrial Access Control Market to Reach $1.3 Billion by 2023



The industrial access control market is expected to reach USD 1,317.9 million by 2023, at a CAGR of 8.33% between 2017 and 2023.
The major reasons for the growth of the industrial access control is the high adoption of access control solutions due to growing security concerns, technological advancements and deployment of wireless technology in security systems, and adoption of Internet of Things (IoT)-based security systems. Lack of awareness for advanced security solutions in industrial applications is a major restraining factor for the growth of the industrial access control market.
Utilities application is the largest application driving the growth of industrial access control market for security purposes. Protecting the infrastructure and assets from threats such as accidents, vandalism, theft, sabotage, and terrorism is the major concern for utilities application. These security issues increase the demand for access control systems and solutions for this application. These factors are expected to propel the growth of the industrial access control market for utilities application.
Companies Mentioned
  • 3M Company
  • Access Control Innovation
  • Adman Technologies Pvt. Ltd.
  • Allegion PLC
  • Amag Technology Inc.
  • Assa Abloy AB
  • Avaya Inc.
  • Bosch Security Systems Inc.
  • Brivo Inc.
  • Crossmatch Technologies Inc.
  • Dorma+Kaba Holding AG
  • Gallagher Group Ltd.
  • Gemalto N.V.
  • Gunnebo Group
  • Hid Global
  • Honeywell Security Group
  • Identiv Inc.
  • Johnson Controls International PLC
  • Keyscan Inc.
  • Lenel Systems International Inc.
  • Morpho Sa
  • NEC Corporation
  • Napco Security Technologies Inc.
  • Siemens Building Technologies
  • Vanderbilt Industries

Ref : http://www.businesswire.com/news/home/20170621005668/en/Industrial-Access-Control-Market-Reach-1.3-Billion

 

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