Access Control Market Segmentation:
Offerings Segment Analysis
Hardware segment is predicted to dominate access control market share of over 55.5% by 2035. This growth is supported by the increasing need for biometric scanners, access cards, and other physical equipment that are required to build the security infrastructure. For example, Hikvision released the new advanced access control products that are associated with video intercom and alarm systems in July 2024. These developments underline the importance of this segment in providing effective and real security products. Also, the growing implementation of hardware solutions in critical applications such as banking and government establishments contributes to the growth of this segment.
End user Segment Analysis
In access control market, commercial segment is anticipated to account for revenue share of around 21.8% by 2035, due to the increasing focus on reliable and efficient access control in offices, retail outlets, and entertainment facilities. In July 2024, Tour24 collaborated with ButterflyMX to enhance property access in multifamily real estate to increase effectiveness and residents’ satisfaction. This trend is in line with the increasing use of smart access systems to improve the quality of tenants' and visitors’ experience. Furthermore, the growing use of access control in coworking spaces and malls shows that the commercial sector needs flexible and expandable solutions.
Our in-depth analysis of the global market includes the following segments:
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