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Access Control Market size worth US$11.029 billion by 2027

The key factors propelling the growth of the Access control market are rising cybersecurity issues and data breach incidences, coupled with innovations in technology.<br><br>Access control is an important component of data security that looks over who is allowed to access and use the company information and resources. For more information visit here: https://www.knowledge-sourcing.com/resource/press-releases/access-control-market-size

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Access Control Market size worth US$11.029 billion by 2027

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  1. Industrial Outlook of Access Control Market by Knowledge Sourcing Intelligence Introduction The access control market is estimated at US$6.637 billion for the year 2020, growing at a CAGR of 7.52% to reach a market size of US$11.029 billion by 2027. Access control is an important component of data security that looks over who is allowed to access and use the company information and resources. Access control rules ensure users are whom they claim to be and have authorized access to company data through authentication and authorization.

  2. Geographically, the market is divided into North America, South America, Europe, the Middle East and Africa, and Asia-pacific. During the forecast period, the Asia-pacific region is anticipated to hold a considerable share of the market and is expected to grow at a notable rate owing to globalization and rapid urbanization in the growing industries in the region. The COVID-19 pandemic had a significant impact on the Access control market. The travel restrictions and the closure of offices to prevent the spread of the virus gave birth to new concepts such as online work and online education. As a part of the report, the major players operating in the Access control market, that have been covered are Vanderbilt Industries, Gemalto NV, Honeywell International Inc, IDEMIA, Matrix Comsec Pvt. Ltd., Brady Corporation, Tyco International, Protection One, a division of ADT LLC, NEC Corporation, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., HID Global Corporation, an ASSA ABLOY Group. For More Information Visit Here: Segmentation By Product oHardware • Biometrics Cards and Readers Mobile Phones Others ▪ ▪ ▪ ▪ oSoftware By Service oInstallation and Integration oSupport and Maintenance oProfessional Services By Deployment oCloud oOn-premise By End User Industry oTelecommunication oBFSI oGovernment oHealthcare oOthers By Ggeography oAmericas oEurope Middle East and Africa oAsia Pacific • • • •

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