Physical Access Control System (Pacs) Market Will Create Absolute $ Opportunity Of Us$ 5.3 Bn During Assessment Period 2021-2031

Market Snapshot

Newly-released physical access control system (PACS) industry analysis shows that global demand enjoyed year-on-year (YoY) growth of over 10% in 2021, to total 2.2 Mn units. Demand for biometric PACS is poised to grow 9% to total 850 ‘000 units, while demand for card-based PACS will be up 12.5% to 960 ‘000 units in 2021.

The global access control system market is estimated to reach a valuation of around US$ 15.3 Bn, wherein, PACS will contribute nearly 45% of total value generation in 2021.

Close to 45% employees working in offices have determined that access control systems are a vital element for digital security and smart lock. In 2019, 54% of businesses upgraded to physical access control systems, and will upgrade to a mobile access control system in the next 3 years. The mega trend of contactless biometrics has leveraged the pandemic effect and is expected to grow at double digits over the forecast period.

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To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.

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The study provides detailed profile of key players and their offering in the polymerase chain reaction market. Which include

  • Assa Abloy
  • Johnson Controls
  • Honeywell International
  • Allegion
  • Avigilon
  • Axis Communication
  • Bosch
  • Paxton

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On the basis of end use industry, the global Physical Access Control System (PACS) Market report offers insights into the opportunities and new avenues of following key segments:

  • Keypad-based Physical Access Control Systems
  • Card-based Physical Access Control Systems
  • Biometric-based Physical Access Control Systems
    • Fingerprint Recognition
    • Face Recognition
    • Voice Recognition
    • Palm Recognition
    • Iris Recognition

In order to analyze growth prospects in aforementioned segments in the global Physical Access Control System (PACS) Market , the study assesses demand and consumption patterns of following product segments

  • BFSI
  • Healthcare
  • Manufacturing
  • Services, Communication, and Media
  • Retail & Other Corporate
  • Transportation & Utilities
  • Institutions
  • Residential

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The global Physical Access Control System (PACS) Market report answers numerous pertinent questions, some of which are:

  • What are some of the latent areas of investments in the Physical Access Control System (PACS) Market ?
  • Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
  • What trends are likely to change the status quo of the positions held by leading players of the Physical Access Control System (PACS) Marketing the not-so-distant future?
  • Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Physical Access Control System (PACS) Market ?
  • What are the strategies adopted by top players to retain their stronghold in the Physical Access Control System (PACS) Market ?
  • Which strategic moves will new entrants adopt to gain a strong foothold in Physical Access Control System (PACS) Market?

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  1. In-depth understanding of key industry trends shaping the present growth dynamics
  2. Offers value chain analysis and price trend analysis of various offering of competitors
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  4. Offers insights into areas in research and development that should attract
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