The Access Control Reader Market to reach $5.4 Billion by 2024
The Access Control Reader Market is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.5%, a new market research report has been able to suggest.
According to the fresh research report “Access Control Reader Market by Reader Type (Card-based Readers, Biometric Access Control Readers, and Multi-technology Readers), Smart Card Technology Type (iCLASS, MIFARE, DESFire, Advant), Vertical, and Geography – Global Forecast to 2024″, published by MarketsandMarkets™, the main factor driving growth is the
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. Rapid urbanization in emerging economies is likely to provide growth opportunities for the access control reader market.
Furthermore, the report also suggests that the card-based readers are expected to exhibit the highest CAGR in the access control reader market from 2019 to 2024. The market for card-based readers has been further categorized into magnetic stripe, proximity, and smart card readers. Rising adoption of card-based reader technology-equipped time and attendance as well as access control solutions in various organizations across the world is one of the factors surging the demand for card-based readers.
The access control reader market for the residential vertical is expected to grow at the highest CAGR from 2019 to 2024. In smart homes, access control readers are used to enhance security. Key factors contributing to the growth of this market include the rise in crime rates, ongoing technological advancements, high need for detecting hazards, such as fire and gas leaks, and ensuring the safety of children at home. The growing trend of smart homes is likely to increase the demand for access control readers in the residential sector.
Access Control UK – specialising in deploying advanced access control system tailored to your specific requirements
Access Control UK employs a variety of access control technologies in order to create advanced solutions, enable users to exert solid, reliable and accurate control over the access to specific premises or zones.
The access control systems supplied by Access Control UK also support an effective Fire Roll Call feature, which will enable employers to evacuate the personnel off the premises in a very orderly and clear manner, should a fire, explosion or some other type of catastrophe occur.
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 hit the contact button at the top of the screen, we’ll be more than happy to answer any queries you might have.
