Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • Key Trends, Share, Growth Drivers, And Forecast 2025-2034
    Key Trends, Share, Growth Drivers, And Forecast 2025-2034 World News
  • Carla A. Murphy of the United States Celebrated As New Author During Public Book Launch In Hampton VA
    Carla A. Murphy of the United States Celebrated As New Author During Public Book Launch In Hampton VA World News
  • Fabular Holidays Launches B2B Travel Platform for Industry Professionals
    Fabular Holidays Launches B2B Travel Platform for Industry Professionals Business
  • Global Construction Elastomers Market Growth Trajectory
    Global Construction Elastomers Market Growth Trajectory World News
  • NO WAY OUT: Pugachev interview to Feygin on Putin’s character and decision-making style, 2022-11-13
    NO WAY OUT: Pugachev interview to Feygin on Putin’s character and decision-making style, 2022-11-13 World News
  • War Day 82: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 82: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • Next Day Access Central Dallas, New Franchise Location
    Next Day Access Central Dallas, New Franchise Location Business
  • 2023 SelectUSA Investment Summit: Commerce Secretary Gina Raimondo Announces Speaker Lineup, Includes White House Senior Officials, U.S. Cabinet, U.S. Governors, and Prominent Private Sector Leaders
    2023 SelectUSA Investment Summit: Commerce Secretary Gina Raimondo Announces Speaker Lineup, Includes White House Senior Officials, U.S. Cabinet, U.S. Governors, and Prominent Private Sector Leaders Business
Emergence And Rapid Expansion Of Smart Homes To Drive Growth

Emergence And Rapid Expansion Of Smart Homes To Drive Growth

Posted on December 24, 2024 By NewsEditor

Emergence And Rapid Expansion Of Smart Homes To Drive Growth

Access Control Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only!

The access control market size is expected to see rapid growth in the next few years. It will grow to $22.14 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, December 18, 2024 /EINPresswire.com/ —
The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!

How has the access control market evolved, and what is its projected trajectory?

The access control market has experienced significant growth over the past few years, and this momentum is projected to continue. The market size was valued at $12.41 billion in 2023 and is predicted to reach $13.7 billion in 2024, reflecting a compound annual growth rate CAGR of 10.4%. This growth during the historic period can be attributed to a rise in mobile access control system use and government investments aimed at countering a rapidly increasing number of cyberattacks.

What factors and trends can shape the future of the access control market?

The access control market is estimated to witness noticeable growth in the coming years, reaching a valuation of $22.14 billion by 2028 at a CAGR of 12.7%. This projected growth can be attributed to the rise of smart homes, increasing adoption of access control by the hospitality sector, and escalating instances of data security breaches.

Major industry trends might include a heightened focus on launching cloud-based access control systems for amplifying market growth, the introduction of mobile-based access control solutions to stay competitive, collaborations with hotel partners to digitize guest keys for convenient access, and diversification of biometric access control systems to increase product offerings. Additionally, market players are likely to introduce innovative products in the access control market to benefit their product portfolios.

Take a closer look at the rapid rise and promising future of the access control market with a sample report:

What are the driving forces behind the anticipated growth of the access control market?

The access control market is poised to be bolstered by the emergence and rapid expansion of smart homes in the forecast period. A smart home employs internet-connected devices for the remote monitoring and management of appliances and systems, offering both home security and automation. The growing prevalence of smart homes necessitates the integration of remotely accessible access control systems. According to CITyFiED, a Spain-based project funded by the European Union’s Seventh Program, the estimated number of smart homes in Europe is slated to reach 84 million by 2022, driven by Germany, the UK, and France. This surge connotes the potential upswing in smart home penetration in the UK, which is expected to reach 63% by 2025. Thus, the proliferation of smart homes is poised to act as a major propeller for the access control market.

Who are the key industry players in the access control market?

The access control market is graced by an impressive array of players, including Honeywell International Inc, Robert Bosch GmbH, Assa Abloy AB, and Johnson Controls International Inc, to name a few. Other prominent participants include Thales Group, Allegion PLC, Hanwha Techwin Co. Ltd, Schneider Electric SE, NEC Corporation, IDEMIA, Matrix comsec, SecurAX Tech Solutions Pvt Ltd, AMAG Technology Inc, and many others, all concentrating on technological innovation, strategic alliances, and product enhancement.

Access the full Access Control Global Market Report 2024 for a more detailed and comprehensive understanding of the market landscape; visit:

What emerging trends have come to define the access control market?

A significant emerging trend in the access control market is the widespread adoption of cloud-based access control. These systems are not only cost-effective but also provide a host of advantages, such as easy data access, real-time analytics, integration with other systems and software, data sharing capabilities, and scalability and flexibility. Recognizing these benefits, major market players are concentrating on launching cloud-based access control systems to accelerate their market growth.

How can we segment the access control market?

The access control market can be segmented by:

1 Type: Card Based, Biometric Based
2 Vertical: Commercial, Military and Defense, Government, Residential, Education, Healthcare and Others, Manufacturing and Industrial, Transportation, Hospitality
3 Deployment Model: Cloud, On-Premises

What is the regional performance of the access control market?

Asia-Pacific was the largest region in the access control market as of 2023. It is also projected to be the fastest-growing region throughout the forecast period. The regions covered in the access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Browse more similar reports-
Physical Access Control System Global Market Report 2024
report/physical-access-control-system-global-market-report
Security as a Service Global Market Report 2024
report/security-as-a-service-global-market-report
Biometrics Global Market Report 2024

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports across 27 industries, covering 60+ geographies. Our reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
– The Business Research Company:
– Americas: +1 3156230293
– Asia: +44 2071930708
– Europe: +44 2071930708
– Email: [email protected]

Follow us on:
– LinkedIn:
– YouTube:
– Global Market Model: global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

You just read:

News Provided By

December 18, 2024, 12:16 GMT


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.



Article originally published on www.einpresswire.com as Emergence And Rapid Expansion Of Smart Homes To Drive Growth

World News

Post navigation

Previous Post: The Virtual Foundry Makes Metal 3D Printing Accessible with Universal Expansion and Bambu Lab Distribution agreement
Next Post: Yess Boss Plumbing Inc. Expands Services to Offer 24/7 Emergency Plumbing in Mississauga, Ontario

Related Posts

  • IBS & Gut Health Clinic Releases Informative Article on the Link Between Gut Health and Skin Conditions
    IBS & Gut Health Clinic Releases Informative Article on the Link Between Gut Health and Skin Conditions World News
  • War Day 285: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 285: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Ayerswood Presents Emerging Filmmakers Announces Final Film Submission Deadline For New And Student Filmmakers
    Ayerswood Presents Emerging Filmmakers Announces Final Film Submission Deadline For New And Student Filmmakers World News
  • Remote Monitoring And Control Market Size, Share, Revenue, Trends And Drivers For 2024-2033
    Remote Monitoring And Control Market Size, Share, Revenue, Trends And Drivers For 2024-2033 World News
  • War Day 234: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 234: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Buffalo Bill Center of the West to Open Two Exhibitions United Across Subject and Time
    Buffalo Bill Center of the West to Open Two Exhibitions United Across Subject and Time World News
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Tenovi and Truentity Health Launch Nationwide Push to Expand Remote Monitoring Through Independent PharmaciesSeptember 1, 2025
  • Louisiana’s First Dedicated Residential Eating Disorder Treatment Center for Women Opens Near New OrleansSeptember 1, 2025
  • Purpose-Built Model C2 Variant for Large Material HandlingAugust 31, 2025
  • LATIFF 2025 Sets New Standard for International Film Festivals with Impact-Driven Cinema and World-Class HonorsAugust 31, 2025
  • Akropin Unveils Insights on How AI Is Shaping the Future of MarketingAugust 31, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • The Visionary Leader Explains 7 Reasons Why to Invest in Real Estate
    The Visionary Leader Explains 7 Reasons Why to Invest in Real Estate Business
  • Edison Aerospace continues to make progress in aircraft design
    Edison Aerospace continues to make progress in aircraft design Business
  • Gossip Stone TV’s Aliia Roza Show ‘Seduce Like a Spy’ Cancelled, New Programming Takes Center Stage
    Gossip Stone TV’s Aliia Roza Show ‘Seduce Like a Spy’ Cancelled, New Programming Takes Center Stage World News
  • What Can Ukraine Learn from Israel
    What Can Ukraine Learn from Israel World News
  • War Day 219: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 219: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Gary Kasparov and Alexey Arestovych on western civilization in light of war in Ukraine.
    Gary Kasparov and Alexey Arestovych on western civilization in light of war in Ukraine. World News
  • Global Project Management Forum 2023 kicks off in Riyadh today
    Global Project Management Forum 2023 kicks off in Riyadh today Business
  • War Day 212: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 212: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .