The global proximity access control system market is expected to grow at a significant CAGR during the forecast period (2021-2027). The proximity reader and proximity card are the core of the proximity system. There are two types of readers in the market including one with an integrated controller that may approve access with or without being linked to a computer. Proximity access control systems are commonly employed in offices, factories, and banks, among other places. The control systems provide security for both employers and employees by protecting personnel from potential incidents that may occur in the workplace or elsewhere. The system also has a log-keeping feature, which adds to the system’s accountability. The use of access control systems contributes to an increase in the safety and security of the workplace.
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In the US, shoppers have begun purchasing food with smart cards obtained through library visits. Furthermore, many states in the US are developing smart card plans for a variety of government uses, ranging from the Department of Motor Vehicles to the Electronic Benefit Transfer (EBT). Moreover, several businesses have incorporated the power of smart cards into their products, ranging from GSM digital cellular phones to TV-satellite decoders, fueling demand for access control systems. With the growing acceptance of IoT, consumers’ willingness to embrace solutions that make access control more convenient is projected to rise.
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As the extent and sophistication of frauds, cyber-attacks, and government authentication regulations grow, the need to increase security while lowering costs is becoming increasingly important across numerous industrial verticals. However, market growth may be hampered in the future due to a lack of understanding among users regarding modern security solutions and their use in a variety of applications.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape: DoorKing, FaceKey Corp., I2 Security Solutions, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Proximity Access Control System Market Report Segmentation
By Product
• Autonomous Visit
• Mandatory Access
By Application
• Computer System
• Non-Computer System
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