Card-Based Access Control Systems Global Market Report 2023: Contact Cards Give Way to Contactless Card Based Access Control Technologies

News provided by

Mar 02, 2023, 17:01 ET

DUBLIN, March 2, 2023 /PRNewswire/ -- The "Card-Based Access Control Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Card-Based Access Control Systems Market to Reach $3.9 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Card-Based Access Control Systems estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$3.9 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. BFSI, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$545.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Retail segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $586.2 Million, While China is Forecast to Grow at 8.1% CAGR

The Card-Based Access Control Systems market in the U.S. is estimated at US$586.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$847 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$456.8 Million by the year 2030.

Select Competitors (Total 91 Featured) -

ADT LLC
Allegion plc
ASSA ABLOY AB
HID Global Corporation
Axis Communications AB
Bosch Security Systems
DoorKing, Inc.
dormakaba Holding AG
Fermax Electronica S.A.U.
Thales/ Gemalto N.V.
Gunnebo AB
Honeywell International, Inc.
IDEMIA
IDenticard Systems
Identiv Inc.
Kisi, Inc.
Nortek Security and Control LLC
Sony Corporation
STANLEY Security
The Chamberlain Group, Inc.
Vanderbilt Industries

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Contact Cards Give Way to Contactless Card Based Access Control Technologies
Smart Cards Outshines Traditional Legacy & Proximity Cards
Global Card-Based Access Control Systems by Segment (In %)
Multi-Application Smart Cards Grow in Demand
Advancements in Smart Card Readers Drive Adoption
Businesses Opt for Hybrid Approach
Smart Card EACS as Smart ID Badges
Smart Card EACS Witness Increasing Application as Attendance Management Tool
Biometric Smart Cards in Spotlight
The Enterprise Sector: A Major End Use Market for Card Based EACS
Global Connected Enterprise Market (In US$ Billion) for the Years 2017, 2022 and 2024
Smart Cities to Drive Adoption
Global Smart Cities Market in US$ Billion: 2018-2026
Need to Restrict Unauthorized Access to Sensitive Areas Drive Demand in Healthcare Establishments
Focus Grows on Reducing the Touchpoints in Hospitals
Card-based EACS: A Widely Acknowledged Access Method in Hospitality Facilities
Different Types of Access Cards for Hospitality Sector: A Snapshot
Slowdown in Hospitality Sector Impacts Growth
Impact of Covid-19 on Hotel Occupancy Rates in Select Countries: March 2020
Shift from Traditional Frisking and Manual Verification Procedures in Physical Access Control Boost Market Prospects
Government Sector: An Important Market for Card Based EACS
Higher Education Sector: A Key Contributor to Growth
Millennial Population to Significantly Influence Access Control Solutions Market
Integration of Access Control and Visitor Management Improves Security & Operational Efficiency
Logical Access Control: Market Laden with Immense Potential for Card Based EACS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

ADT LLC
Allegion plc
ASSA ABLOY AB
HID Global Corporation
Axis Communications AB
Bosch Security Systems
DoorKing, Inc.
dormakaba Holding AG
Fermax Electronica S.A.U.
Thales/ Gemalto N.V.
Gunnebo AB
Honeywell International, Inc.
IDEMIA
IDenticard Systems
Identiv Inc.
Kisi, Inc.
Nortek Security and Control LLC
Sony Corporation
STANLEY Security
The Chamberlain Group, Inc.
Vanderbilt Industries

For more information about this report visit https://www.researchandmarkets.com/r/bz3is9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets