The Global Market for Card-Based Access Control Systems is Projected to Exceed US$3.0 Billion by 2024

Growing Prominence of Smarts Cards in Providing Enhanced Protection Drives the Card-Based Access Control Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Card-Based Access Control Systems market. The global market for Card-Based Access Control Systems is projected to exceed US$3.0 billion by 2024, driven by growing demand for smart cards, and the increasing need to establish a card-based national identity framework in countries across the world.

Access control cards represent one of the most widely used access control arrangement provided for commercial & residential constructions or any other infrastructure facility. The sheer number of systems designed to use access control cards reflects the massive installed base that significantly outnumbers other options that will make biometrics and other advanced technologies to take a long time to completely replace these systems. Though there are certain applications that demand biometrics and there are quality vendors offering reliable solutions, it is nearly impossible for face recognition, fingerprints, iris scans, vein patterns or other biometrics to substitute cards in the near future in most applications. The issues with traditional access control technologies that bring card based electronic access control systems to the fore and drive steady growth in demand include precision, safety, and a convenient method of authenticating individuals. The low cost of ownership unlike expensive biometric based access control systems and equally low maintenance costs, unlike those seen for managing user IDs and passwords additionally make card based access control systems a preferred choice for businesses. Technology developments and product innovations over the years, which have rendered access control cards cheaper and economically more viable than earlier, further expanded its reach beyond government and large private organizations to even small and medium sized businesses.

Future growth in the market will be driven by the growing prominence of smart cards in offering ease of usage, enhanced user experience, and better operational efficiencies in terms of performing intricate transactions quickly, providing more storage as well as secure writing and reading of data, and equipped with inherent behavioural safeguards. Additionally, contactless smart cards, being waterproof and sturdy, require fewer replacements as compared to traditional magnetic stripe cards which could get damaged easily by moisture, magnetic fields or usual wear and tear. Need to establish a national identity framework as part of the main agenda for countries across the world, and incremental technology developments induced rise in product sophistication to integrate new advanced features and capabilities to the already installed systems, will also generate substantial demand for card-based access control over the next few years. Technologies that are expected to be an integral part of next generation access control card systems include wireless technology, mobile credentials, and Cloud-based PACS (Physical-Access-Control-Systems) in addition to advent of combo products that include biometric & smart card readers and smart card reader integrated with fingerprint scanner, among others.

As stated by the new market research report on Card-Based Access Control Systems, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.9% over the analysis period driven by largely unpenetrated and underpenetrated markets; robust infrastructure construction triggered by large scale urbanization and the resulting demand for access control cards for new homes, small and medium businesses, corporate workplaces, and retail stores; and surge in National/Civil ID projects owing to huge unmet identification and verification needs.

Key players in the market include ADT LLC, Allegion plc, ASSA ABLOY AB, Axis Communications AB, Bosch Security Systems Inc., dormakaba Holding AG, Gemalto, Gunnebo AB, Honeywell International, Inc., IDenticard Systems, Identiv Inc., ISONAS, Nortek Security and Control LLC, Oberthur Technologies SA, IDEMIA, Sony Corporation, STANLEY Security, UTC Climate, Controls & Security, and Vanderbilt Industries, among others.

The research report titled “Card-Based Access Control Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of mergers, acquisitions, product launches and other strategic industry activities of major global and regional players. Major geographic regions analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East & Africa, and Latin America. Product segments analyzed in the report include Smart Cards, and Traditional Cards.

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