Access Control Market Size In India Expected to Rise at 14.72% CAGR Till 2027

PRESS RELEASE
Published April 18, 2023

According to IMARC Group’s latest report, titled “Indian Access Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Indian access control market size reached INR 55.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 126.3 Billion by 2027, exhibiting a growth rate (CAGR) of 14.72% during 2022-2027

The access control system authenticates, recognizes, and authorizes the entry and exit of an authorized person into the premises, ensuring complete security. It also restricts unauthorized access to physical assets, such as buildings, campuses, and cards, and sensitive data, such as network, file, usernames, password, etc., of companies. In line with this, the access control system can either use biometrics or proximity and smart cards. It generally involves verifying the authenticity of a website with a digital certificate, validating personal identity documents, and checking login credentials against stored details. The access control system incorporates card readers, user credentials, intercom, auditing, and reporting. Consequently, it is extensively utilized by organizations across India.

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Indian Access Control Market Trends:

The growing consumer security concerns are primarily driving the Indian access control market. Additionally, the rising investments by government bodies in enhanced security systems for data protection and providing a safer and more secure environment for their employees are further bolstering the market growth. Besides this, the widespread adoption of access control systems in offices, hotels, retail stores, entertainment stores, banks, etc., is acting as another significant growth-inducing factor. Moreover, the increasing crime incidents in numerous commercial premises, such as IT companies, enterprises, data centers, etc., are propelling the demand for access control systems to protect personnel and data breaches and record entry and exit timings of employees, which is bolstering the market growth across the country. Apart from this, the development of technologically advanced, contactless smart cards for a user-friendly and seamless experience is anticipated to fuel the Indian access control market over the forecasted period.

Indian Access Control Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Indian access control market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

  • ESSL
  • Gemalto (3M Cognet)
  • HID India Pvt. Ltd.
  • Honeywell International India Pvt. Ltd
  • IDEMIA Ltd.
  • Mantra Softech (India) Pvt. Ltd
  • Matrix Comsec Pvt. Ltd.
  • Realtime Biometric Co. Ltd
  • Tyco Security Products
  • ZKTeco Biometrics India Pvt Ltd.

Key Market Segmentation:

The report has segmented the Indian access control market on the basis of component, type, end user and region.

Breakup by Component

  • Controller
  • Reader
  • Locks
  • Software

Breakup by Type

  • Card Based
    •   Contact
    •   Contactless
  • Biometric Based
    • Fingerprint
    • Face Recognition
    • Face Recognition and Fingerprint
    • Iris Recognition
    • Others

Breakup by End User

  • Government
  • Commercial
  • Healthcare
  • Manufacturing and Industrial
  • Transport
  • Education
  • Residential
  • Others

Breakup by Region

  • South India
  • North India
  • West and Central India
  • East India

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Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

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