Access Control Market Worth $10.4 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) February 16, 2015 -- According to a new market research report "Access Control Market by Product (Cards and Readers, Biometrics, Controllers, Management Software), Application (Commercial, Residential, Military and Defense, Government, Industrial, Healthcare, Education) and By Geography - Global Forecast and Analysis to 2020" , the Access Control Market is expected to reach $10.4 billion by 2020, growing at a CAGR of 10.6% between 2014 and 2020.
Browse 45 market data tables and 70 figures spread through 170 pages and in-depth TOC on "Access Control Market".
http://www.marketsandmarkets.com/Market-Reports/access-control-market-164562182.html
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The overall access control market has been segmented based on product, application, and geography. These segments have been separately detailed in the report. The access control market is expected to grow at an estimated CAGR of 10.6% between 2014 and 2020. Increasing crime rate across the globe and rising terror activities have compelled the authorities in the commercial and government space to prioritize access control, which has ultimately acted as the driving factor for the growth of the access control market.
Geographically, the access control market has been segmented into North America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, and Others), APAC (China, Japan, India and others) and rest of the world. The APAC market accounted for a market share of 27.4% in 2013 and is estimated to grow at a CAGR of 11.3% between 2014 and 2020. The North American region is also expected to grow at a significant CAGR of 11.1% between 2014 and 2020.
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