Global Industry Analysts Predicts the World Industrial Access Control Market to Reach $1.4 Billion by 2026

SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Access Control - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

What's New for 2022?

• 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 our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 7; Released: January 2022
Executive Pool: 761
Companies: 41 - Players covered include 3M Company; Access Control Innovation; Allegion PLC; Assa Abloy AB; Bosch Security Systems, Inc.; Brivo, Inc.; Dormakaba International Holding AG; Honeywell Security Group; Identiv, Inc.; Johnson Controls International PLC; NEC Corporation; Siemens Building Technologies; Vanderbilt Industries and Others.
Coverage: All major geographies and key segments
Segments: Component (Hardware, Software); Service (Utilities, Automotive, Aerospace, Machinery & Electronics, Chemical & Synthetics, Pulp & Paper, Other Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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Global Industrial Access Control Market to Reach $1.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Access Control estimated at US$927.4 Million, is projected to reach a revised size of US$1.4 Billion by 2026, growing at a CAGR of 7% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$937.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 7.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $270.5 Million in 2021, While China is Forecast to Reach $299.8 Million by 2026
The Industrial Access Control market in the U.S. is estimated at US$270.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$299.8 Million by the year 2026 trailing a CAGR of 10.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.