EMEA Access Control Market
Over the past years, the security industry has been dramatically changing. Moreover, access control is the fastest growing segment in the physical security industry. This is also attributable to the transformation from closed traditional proprietary solutions to the open IP solutions, thus developing enhancements in the performance of products and management.
Presently, the access control solutions are increasingly being integrated for including other services and systems. Further, the increase in building automation and smart homes is opportunistic for the market. Many of the companies such as Gemalto, Suprema Inc. ATOS, and others are expanding and exploring ways for authenticating an individual using biometric-related information. Several hardware and software providers are teaming up to offer enhanced access control systems.
Strategic insights for the EMEA Access Control provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,849.4 Million |
| Market Size by 2027 | US$ 8,327.5 Million |
| Global CAGR (2020 - 2027) | 14.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the EMEA Access Control refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The EMEA access control market was valued at US$ 2,849.4 million in 2019 and is projected to reach US$ 8,327.5 million by 2027; it is expected to grow at a CAGR of 14.0% from 2020 to 2027. EMEA region is inclining towards the adoption of digital technologies, cloud computing platform, smart cities and other innovative projects. Smart building, workplaces, homes and other premises are getting equipped with advanced access control systems as new innovations are being introduced for market. In March, 2020, IT firm ATEA moved their operation intro most advanced smart building in Norway. Karvesvingen 5 is becoming one of the smartest buildings in Europe with energy efficient, modern and smart solutions. Also, according to the CommScope company smart city technology spending is rising in Middle East and set double in coming five years. Such smart infrastructural development is creating demand for smart access control solutions which is driving the growth of market in EMEA region.
Increasing adoption of cloud technologies with supporting infrastructure development is propelling access control market. For instance, Portnox, a provider of network access control (NAC) solution expanded their business in U.K. and Ireland market. Company formed with Distology to distribute the Cloud-Delivered Network Access Control (NAC) Solution in the market. Companies are introducing advanced solution for the market to target potential market. The smart city initiatives ueled adoption of IoT networking and related technology in the Middle East, mainly in the Gulf region.
The end users in the region have become more willing for upgrading to electromechanical locking systems from the standard mechanical locks. Electromechanical locks have obtained greater traction in the GCC countries. Also, the GCC countries have higher acceptance to innovative technologies. In France almost half of all substations in Enedis’ national network is opted for the advanced access control solution. A new Iseo, contactless access control solution is getting installed for all substations.
Based on component, the EMEA access control market is segmented into hardware, software, and services. Based on application, EMEA access control market is segmented into commercial, military and defense, government, residential, healthcare, education, manufacturing and industrial, and transportation.
The top companies operating in the field of access control include Honeywell Security Group, Siemens Building Technologies, ASSA ABLOY AB, ATG Access Ltd, Johnson Controls International plc, AMAG Technology, Inc., Schneider Electric SE, Gallagher Group Ltd., and Identiv, Inc. among others. Various other companies operating in the market and are coming up with new technologies and offerings which is helping the market for access control to expand over the years in terms of revenue.
The EMEA Access Control Market is valued at US$ 2,849.4 Million in 2019, it is projected to reach US$ 8,327.5 Million by 2027.
As per our report EMEA Access Control Market, the market size is valued at US$ 2,849.4 Million in 2019, projecting it to reach US$ 8,327.5 Million by 2027. This translates to a CAGR of approximately 14.0% during the forecast period.
The EMEA Access Control Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the EMEA Access Control Market report:
The EMEA Access Control Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The EMEA Access Control Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the EMEA Access Control Market value chain can benefit from the information contained in a comprehensive market report.
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