From GlobeNewswire: 2024-11-07 09:35:00

Access control is a crucial security measure that regulates access to computing resources, preventing unauthorized entry. Rising cybercrime is a major driver of the global market, especially in the UK, where small and medium-sized businesses are at risk. The urgent need for effective access control solutions is evident to protect assets and mitigate risks.

Technological advancements in mobile and biometric credentials are transforming the access control market. The shift towards mobile and biometric solutions offers enhanced security and efficiency, with institutions like the University of Tennessee adopting mobile credentials for secure access. This transformation makes access control more user-friendly and secure across various sectors.

North America leads the global access control market, driven by demand for efficient access and advancements in wireless and IoT-based security solutions. The market is expected to reach USD 17.37 billion by 2033, with the biometric reader segment dominating. While challenges like operational costs persist, the market offers significant opportunities for innovation and expansion.

Companies like Genetec are introducing AI-driven access control systems for enhanced security, while Kisi is enhancing its cloud-based authorization platform for improved flexibility. These developments align with the market’s growth trajectory, driven by increasing security threats and integration with other technologies. The convergence of security solutions presents appealing prospects for organizations across sectors.



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