North American access control market approaches $5 billion

According to the latest Access Control Market report from Marketandmarkets, the North American access control market will grow to nearly $5 billion in 2020.

This is an increase from the 2014 level of $2 billion.

Leading the growth is biometrics, followed by cards and readers.  The other technology groups analyzed in the report are controllers and management software.

Market trends will be installing access control in government buildings and integration of disparate technologies such as incorporating biometrics with IT systems or using smartphones or mobile devices as access control credentials.  The growth is driven by government adoption of access control and fear of cyber and terrorist attacks.

People mentioned in the article:

  • Deepankar Bose
  • Swapnil Nanir

Companies mentioned in the article:

  • Honeywell
  • AMAG
  • Crossmatch
  • Morpho

 

Read the summary from Security Systems News: North American access control market approaches $5 billion by Spencer Ives – Wednesday, April 8, 2015

Marketandmarkets Report [Paywall]: Access Control Market by Product (Cards & Readers, Biometrics, Controllers, Management Software), Application (Commercial, Residential, Military & Defense, Government, Industrial, Healthcare, Education) & By Geography – Global Forecast & Analysis to 2020 by marketsandmarkets.com Publishing Date: February 2015

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