Access Control and Authentication Market Expected to Reach US$ 49,890.3 Mn by 2020 Globally

Access Control and Authentication Market Expected to Reach US$ 49,890.3 Mn by 2020 Globally

  • Submitted By: john55364
  • Date Submitted: 06/18/2015 1:58 AM
  • Category: Business
  • Words: 6612
  • Page: 27

Transparency Market
Research
Access Control and Authentication Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date
13-April-2015

268 Page Report

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Press Release
Global Access Control and Authentication Market Expected to Reach US$
49,890.3 Mn by 2020:Transparency Market Research
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Access Control and Authentication Market

REPORT DESCRIPTION

Access Control and Authentication Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020
According to a new market report published by Transparency Market Research Access Control and
Authentication - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, the
global Access Control and Authentication market is expected to reach a value of US$ 49,890.3 Mn by 2020.
The market would grow at an estimated CAGR of 15.3% during the forecast period from 2014 to 2020.
Increasing safety and security concerns and government regulations are some key reasons driving the
growth of access control and authentication market, globally. Countries across the globe and international
regulatory bodies have planned and designed compliances and policies for security, which have led to the
increased investments on security by companies and organizations. In the coming years, increase in
security budgets for safeguarding critical infrastructure across countries is expected to continue driving
the demand for physical security systems. Moreover, revival of commercial projects across various fields
including residential, defense, and commercial sectors is expected to further boost the demand for such
solutions. An increasing trend in the access control and authentication market is towards the convergence
of...

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