Market Introduction
Over the past years, the security industry has been dramatically changing. Moreover, access control is the fastest growing segment in the physical security industry. This is also attributable to the transformation from closed traditional proprietary solutions to the open IP solutions, thus developing enhancements in the performance of products and management.
Presently, the access control solutions are increasingly being integrated for including other services and systems. Further, the increase in building automation and smart homes is opportunistic for the market. Many of the companies such as Gemalto, Suprema Inc. ATOS, and others are expanding and exploring ways for authenticating an individual using biometric-related information. Several hardware and software providers are teaming up to offer enhanced access control systems.
Market Overview and Dynamics
The EMEA access control market was valued at US$ 2,849.4 million in 2019 and is projected to reach US$ 8,327.5 million by 2027; it is expected to grow at a CAGR of 14.0% from 2020 to 2027. EMEA region is inclining towards the adoption of digital technologies, cloud computing platform, smart cities and other innovative projects. Smart building, workplaces, homes and other premises are getting equipped with advanced access control systems as new innovations are being introduced for market. In March, 2020, IT firm ATEA moved their operation intro most advanced smart building in Norway. Karvesvingen 5 is becoming one of the smartest buildings in Europe with energy efficient, modern and smart solutions. Also, according to the CommScope company smart city technology spending is rising in Middle East and set double in coming five years. Such smart infrastructural development is creating demand for smart access control solutions which is driving the growth of market in EMEA region.
Increasing adoption of cloud technologies with supporting infrastructure development is propelling access control market. For instance, Portnox, a provider of network access control (NAC) solution expanded their business in U.K. and Ireland market. Company formed with Distology to distribute the Cloud-Delivered Network Access Control (NAC) Solution in the market. Companies are introducing advanced solution for the market to target potential market. The smart city initiatives ueled adoption of IoT networking and related technology in the Middle East, mainly in the Gulf region.
The end users in the region have become more willing for upgrading to electromechanical locking systems from the standard mechanical locks. Electromechanical locks have obtained greater traction in the GCC countries. Also, the GCC countries have higher acceptance to innovative technologies. In France almost half of all substations in Enedis’ national network is opted for the advanced access control solution. A new Iseo, contactless access control solution is getting installed for all substations.
Key Market Segments
Based on component, the EMEA access control market is segmented into hardware, software, and services. Based on application, EMEA access control market is segmented into commercial, military and defense, government, residential, healthcare, education, manufacturing and industrial, and transportation.
Major Sources and Companies Listed
The top companies operating in the field of access control include Honeywell Security Group, Siemens Building Technologies, ASSA ABLOY AB, ATG Access Ltd, Johnson Controls International plc, AMAG Technology, Inc., Schneider Electric SE, Gallagher Group Ltd., and Identiv, Inc. among others. Various other companies operating in the market and are coming up with new technologies and offerings which is helping the market for access control to expand over the years in terms of revenue.
Reasons to buy report
EMEA ACCESS CONTROL MARKET SEGMENTATION
EMEA Access Control Market– by Component
EMEA Access Control Market– by Application
Company Profiles: