The overall access control reader market is expected to grow at a CAGR 11.87% significant rate during the forecast period. Factors such as high demand for enhanced security; contactless interfaces to boost adoption of smart cards; and increased convenience, enhanced security identity management, and improved human resource management are driving the market. Increasing urbanization in emerging economics provides major opportunities for the growth of the access control reader market.
Card-based readers expected to have the largest share of access control reader market during forecast period. Card-based readers are proven to be more reliable than biometric readers and electronic locks. The increasing demand for smart and proximity cards to monitor and record employee activities is one of the major drivers for the growth of card-based readers.
The commercial vertical is the largest adopter of access control readers. In this vertical, commercial premises such as enterprises and data centers, banks and financial centers, hotels, retail stores and malls, and entertainment areas have been considered. These places require access control readers for protecting people and assets by preventing unauthorized access. The demand for access control systems is increasing since they reduce the need for manned security significantly, thereby reducing security expenditure. These factors are encouraging commercial and service organizations to adopt access control readers to protect people and property.
The access control reader market in APAC is expected to grow at the highest CAGR during the forecast period. Factors driving the growth of the market in this region include large population, heavy investments in digitalization, rapid industrialization, and high demand for security systems. Furthermore, emerging economies are working toward improving their infrastructure, which is expected to impel the growth of the market. Rising adoption of access control readers in small- and medium-sized enterprises, hospitality businesses, airports, ATMs, banks, residential buildings, and religious places is expected to drive the access control reader market in APAC.
Key market players includes ASSA ABLOY AB (Sweden), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Identiv, Inc. (US), IDEMIA Group (France), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Gemalto N.V. (Netherlands), NAPCO Security Technologies, Inc. (US), and Avigilon Corporation (Canada).
Key Questions Addressed by the Report
· Where will all these developments take the industry in the mid-to-long term?
· What are the upcoming trends in the market?
· What are the opportunities for existing market players and those who are planning to enter the market?
· How inorganic growth strategies implemented by key players impact the growth of the market, and who would have the undue advantage?
· What are the current investment trends in the access control reader market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.High Demand for Enhanced Security
3.1.2.Contactless Interfaces to Boost Adoption of Smart Cards
3.1.3.Increased Convenience, Enhanced Secure Identity Management, and Improved Human Resource Management
3.2.1.Limited Awareness About Advanced Security Solutions Among Users
3.2.2.Security Concerns Related to Unauthorized Access and Data Breach
3.3.1.Increasing Urbanization in Emerging Economies
4. Executive Summary
5. Access Control Reader Market, By Reader Type
5.1. Card-based reader
5.1.1.Magnetic stripe readers
5.1.2.Proximity card readers
5.1.3.Smart card readers
5.2. Biometric readers
5.3. Multi-technology reader
6. Access Control Reader Market, By Technology Type
6.4. LEGIC Advant
7. Access Control Reader Market, By Vertical
7.1.1.Enterprise and Data Centers
7.1.2.Banks and Financial Centers
7.1.3.Hotels, Stadiums and Amusement Parks
7.1.4.Retail Stores and Malls
8. Access Control Reader Market, By Region
8.2.1.UK and Ireland
8.3. Asia Pacific
8.3.5.Australia and New Zealand
8.3.6.Rest of APAC
8.4. Rest of the World
9. Company Profiles
9.1. Leading Companies in Access Control Reader Market
9.1.1.ASSA ABLOY AB
9.1.2.Dormakaba Holding AG
9.1.7.Suprema Hq Inc.
9.1.8.Gemalto N.V. (Thales Group)
9.1.9.NAPCO Security Technologies, Inc.
9.1.10. Avigilon Corporation (MotoRoLA Solutions, Inc.)
9.2. Other Companies in Access Control Reader Market
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports