IHS alters growth forecasts for EMEA access control market
Market researchers at IHS have recently revised their growth forecasts for the EMEA access control market, according to a news report.
According to market researchers at IHS, the combined compound annual growth rate (CAGR) forecast for 2014 through 2019 in Germany, Russia, United Kingdom and France changed only slightly from 5.3 percent to 5.4 percent. The biggest changes in the forecast came from France and Russia. In fact, France’s CAGR forecast between 2015 and 2019 rose from 3.9 percent to 5.0 percent, while Russia’s CAGR during the same period fell from 2.6 percent to 0.3 percent.
The French market will continue to be a target market for international suppliers through 2019, especially for electronic locks. Due to the recent terrorist activity in France, securing access to public places and accenting citizen safety in that country has become a priority. Development of governmental systems for access control is likely to receive backing from both the public and the parliament, however, but growth in the government sector will take time to develop.
On the other hand, the Russian market will prove to be particularly challenging for external suppliers due to worsening economic conditions and competition from local and Chinese suppliers. The market contracted by 5.3 percent in 2015 and will shrink by another 1.9 percent in 2016.
Access Control UK employs a variety of access control technologies, including here RFID, to create advanced solutions, enable users to exert solid, reliable and accurate control over the access to specific premises or zones.
If you’d like to find out more about the range of solutions supplied by Access Control UK, both in terms of hardware (smart card readers, biometric readers, turnstiles, etc.) and software (access rights management software solutions, etc.), just contact us, we’ll be more than happy to answer any queries you might have.
