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The News and Media Division of The Insight Partners
Wednesday, 21 Aug 2019 10:43 pm

OSDP to propel the growth of the Access Control market

The solutions featuring secure and bi-directional communications with innovative encryption methods enabled by employing standards including Open Supervised Device Protocol (OSDP) is projected to propel the growth of the market.

By SMN Bureau

The Insight Partners offers a latest published report on Access Control Market 2019 – Global Analysis and Forecasts 2027 will help Major Players and the new entrants to understand scrutinize the market in detail. This report focuses on the key global Access Control Industry Key Manufacturer, to describe, define and analyze the value, market share, trends, market demand, research, competition landscape, SWOT analysis and development plans in the coming years.

The solutions featuring secure and bi-directional communications with innovative encryption methods enabled by employing standards including Open Supervised Device Protocol (OSDP) is projected to propel the growth of the market. Further, when access control technology is combined with video surveillance, it helps to smoothly scale-up to address more complex demands of security. This helps the hardware and software to communicate with each other, thus providing a more holistic view of security and improving analytics and reporting functions. In addition, leveraging the innovative technologies including behavioral biometrics is expected to increase the level of authenticity for access control systems.

Key players in the market are taking measures to gain maximum benefit from on the opportunities in emerging markets. Some of the major players in the access control market include Gemalto N.V., Honeywell Security Group, Siemens Building Technologies, ASSA ABLOY AB, NEC Corporation, Johnson Controls International plc, AMAG Technology, Inc., Schneider Electric SE, Gallagher Group Ltd., and Identiv, Inc. among others. Various other companies also operate in the global market, with enhanced products and solutions and significant customer base.

With advancements in access control products, risk in security breaches rise including hacking of fingerprints to take out valuable information from the confidential documents. This poses a significant need for the federal organizations to deploy better access control products to address these threats. With the help of government initiatives in the area of safe & secure city to protect infrastructure facility, physical plant, buildings, people, Individual facilities, and complete metropolitan areas, demand for access control is expected to boost. Owing to the fact, the Governments of the countries are also looking forward to take more initiatives to deploy video surveillance cameras in public places as well to maintain law and order, and minimize the crime rates. 

The global access control market is segmented on basis of five strategic regions including; North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America accounted for the largest share in 2017 in global access control market. Asia Pacific followed by Middle East and Africa regions are foreseen to exhibit enormous growth in adopting the access control products. The emergence of IoT-oriented   technologies and growing security concerns in the region is expected to drive growth. Further, strong economic growth in the region has supplemented the market growth.

The government of various economies in the Asia Pacific region are highly concerned about the security issues to avoid access from unauthorized visitors. Government of various countries in Asia Pacific such as Singapore, Hong Kong and others are adopting the momentum of Smart Cities thereby, investing in the development of internet infrastructure in the countries with an aim to bring urbanization. This would further increase the growth of various security measures in order to maintain the law and order of respective counties and mitigate crime rates and civil unrest activities. Moreover, the governments of respective countries are heavily procuring IP cameras for airports, bus and railway stations, traffic signals, subways, sports stadiums, recreational centers, and commercial parking space among others to gather sufficient data along with analysis of the situation in case of any criminal misconducts. The smart city programs are impacting positively on the growth of access control market in the Asia Pacific region.

Tags Access Control Market The Insight Partners Asia Pacific Hong Kong

SMN Bureau

Smart Market News brings you the stories of adopting innovative solutions and strategies that have been changing the world. Our insights on products, solutions, companies, and adoption of best practices help in understanding the markets better and make smarter decisions.


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