Emerging economies such as China and India,
are witnessing rapid urbanization with the development of smart cities. The
concentration of industrial development in cities has led to a growing demand
for infrastructure. This will ultimately lead to the development of educational
& healthcare institutions, public administration offices, shopping malls,
stores, and warehouses. This, in turn, will boost the demand for advanced
biometric solutions and smartcard, particularly in technologically advancing
countries such as India, China, and Brazil. .
Which are
the major verticals of this market?
The commercial vertical is the largest adopter
of access control readers. In this vertical, commercial premises such
as enterprises and data centers, banks and financial centers, hotels, and
retail stores and malls are considered. These places require access control
readers to prevent unauthorized access into restricted areas. These buildings
integrate access control readers that meet compliance standards and upgrade
them as required.
Which region
is expected to witness significant demand for access control readers in the
coming years?
APAC is the fastest-growing region in the
world currently. The rising adoption of access control readers in small- and
medium-sized enterprises, hospitality businesses, airports, ATMs, banks,
residential buildings, and religious places is expected to drive the access
control reader market in APAC. The demand for access control readers in APAC is
also fueled by the rising adoption of security measures by the commercial,
military & defense, government, and industrial verticals.
Which are
the major companies in the market? What are their major strategies to
strengthen their market presence?
ASSA ABLOY AB, Allegion plc , Identiv, Inc.,
IDEMIA Group , Nedap N.V. , Gemalto N.V. , NAPCO Security Technologies, Inc. ,
and Avigilon Corporation are some of the major companies providing access
control readers. Product launches is one of the key strategies adopted by these
players. Apart from launches, these players extend their focus on inorganic
stretgies such as acquisitions, contracts, partnerships, and agreements.
What are the
trends prevalent in the market?
Contactless technologies has boosted the
adoption of smart cards in conventional applications across healthcare,
payments, and physical access control. Contactless payment technologies such as
NFC, HCE, and RFID ensure faster transactions using touch-and-go payments,
which accelerates customer throughput in busy periods and helps shorten
customer queues. Increased throughput results in higher revenues for retailers.
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