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Global Access Control Market Size, Share, Analysis, Industry Report and Forecast to 2026
Access control systems are gaining huge traction for home security application, backed by the rising crime rates across the globe. There is significant rise in bulgl , an illegal entry of a building takes place every eighteen seconds in the US that adds up to about 4,800 burglary every day, according to the National Council for Home Security and Safety. Among these, most of the thefts takes place during daytime. The intruders are attracted mostly to the homes that are not equipped with any security systems. Therefore, the demand for security systems are continuously increasing across the globe, which in turn, is offering growth to the global access control market.
Smart phone is one of the most widely adopted technologies over the recent years. Huge number of smart phone companies in the market and the wide range of products offered by them has increased the numbers of users. Simultaneously, the advancement of novel technologies has increased, which includes the introduction of IoT in smart homes. There are over millions of connected sensors and smart devices are deployed on a daily basis in offices, homes, cities that results in the reduction of cost, energy consumption, and improvement of the efficiency and customer services. Rising usage of cloud data storage is one of the major motivators of IoT market, which in turn, offers growth to the access control market.
As the IoT technology is advancing across the globe, the manufacturers are focusing on introducing more advanced features in access control system. Few manufacturers have introduced features such as fingerprint scanning so as to provide an extended feature to their product in order to gain competitive advantage. Moreover, anti-peep 4 to 8-digit keypad are also one of the attracting features which the manufacturers are incorporating in their models. So as to decrease the operating cost of the product, the manufacturers are focusing on installing batteries which use low battery life on alarm display. The smart lever handles door lock system posses’ numerous advantages as compared to that of the traditional lever handles door lock system. These types of systems increase the security & safety and reduces liability.
Recently, Dubai announced its IoT Strategy in October 2017, which seeks to build the advanced IoT ecosystem in their country to improve people’s lives. This strategy has been aimed to protect Dubai’s digital wealth as well as it also encourages government departments to join the emirate’s smart transformation. Additionally, it’s another objective is to achieve the objectives of the Smart Dubai Plan 2021 for transitioning to a 100% paperless government. The country’s IoT Strategy unifies the data sources for the Dubai Pulse platform which was launched in April 2017 to serve as a central platform for compilation of all data available to both the public and private sectors.
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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