Access Control and Authentication Market Set to Reach $22.7 Billion by 2027, Report Suggests
The access control and authentication market is expected to grow at a CAGR of 11.2% from 2020 to 2027 to reach $22.7 billion by 2027, a new market research report from Meticulous Market Research has been able to suggest.
The new market research report titled, “Access Control and Authentication Market by Technology (Biometrics, Smart Card, Electronic Locks), Component, Application (Residential/Commercial, IT Telecom, BFSI, Retail, Defense, Healthcare, Manufacturing, Hospitality) – Global Forecast to 2027” points out that a series of factors such as increasing government focus towards improving public infrastructure with the incorporation of latest technologies; growing demand for high-level security technologies, largely amongst BFSI consumers; increasing need for an effective security system; and consistent technological developments are driving the growth of the access control and authentication (ACA) market.
Moreover, the increasing strategic partnerships among advanced technology providers and access control devices manufacturers to strengthen the product portfolio and their position in the global market is encouraging the growth of the access control and authentication market in the forecast period. However, the high initial cost of deploying biometric access control system may restrict the growth of this market in the coming years to some extent.
The report also takes into account the fact that, in 2020, the world is facing a very difficult and unpredicted situation, as the coronavirus continues to spread. The COVID-19 has started showing its distressing collision on most of the profitable businesses across the globe. The outbreak is posing serious challenges to various industries and the world economy.
The biometric access control devices are now playing a significant role in the safety and security of the people. The novel coronavirus is pouring the need for contactless biometric access control devices as the consumers don’t want to interact with shared contact-based authentication devices. The positive impact will be perceptible which in turn encourage the growth of the access control and authentication market over the forecast period.
INTEGRATED ACCESS CONTROL SYSTEMS FROM ACCESS CONTROL WALES – DELIVERING IMPROVED SECURITY AND REDUCING OPERATIONAL COSTS
Organizations looking to improve their site’s security and prevent crime can do so by installing a comprehensive, high-end CCTV surveillance system, fully integrated with a secure and reliable Access Control solution.
Access Control Wales has an extensive experience in both segments (CCTV and Access Control) and we are able to easily offer such an extensive level of functionality for all of our systems.
As they’re built around the same cutting-edge technology platform, Tensor.NET, both the WinAC.NET and WinTA.NET suites support an extensive level of CCTV integration.
Video clips retrieved from CCTV cameras are associated with access control activity are available when CCTV is integrated with Tensor.NET.
The cameras are allocated to location entries created in Tensor.NET, which are then linked to smart card scanners or push buttons in the Hardware Manager. Furthermore, multiple cameras can be allocated to the same location, or multiple locations can be assigned to the same camera and lock sensors are connected directly to the CCTV’s DVR.
As a lock is released, an alarm event triggers the recording of video footage for the event. This footage is then available for playback in Tensor.NET, either by location or as a link in an access control report. Screen displays are provided to report upon access events, including links to play the related video clip.
Additionally, the application allows either live or historic video to be viewed for periods not linked to any specific Access Control event.
If you’d like to find out more about Access Control Wales’ CCTV integration options, as well as the multiple useful features provided by our Time and Attendance and Access Control systems, just contact us and we’ll be sure to answer all of your queries on the matter.
