Fingerprint Scanners to Remain Top-selling, Accounting for Over One-third of Access Control Demand in 2021: Future Market Insights

The emergence of digitalization and cloud-based computing across the globe is driving the market. With increasing adoption of these cloud-based technologies, the risk of cybercrime, digital fraud, and potential information leaks also has increased, making the use of access control systems indispensable in various industry verticals. This is expected to create lucrative sales opportunities in the market. The emergence of digitalization and cloud-based computing across the globe is driving the market...

The emergence of digitalization and cloud-based computing across the globe is driving the market. With increasing adoption of these cloud-based technologies, the risk of cybercrime, digital fraud, and potential information leaks also has increased, making the use of access control systems indispensable in various industry verticals. This is expected to create lucrative sales opportunities in the market.

Surging need for integrated access control solutions to create a safe working environment is spurring the demand. It also enabled the market to register year-on-year growth of 10.8% in 2021. In response to the increasing risk of data and security theft, IT companies are increasingly installing access control systems to record employee entry and exit timings.

The technology also helps to prevent unsolicited entry in campus and minimize the risk of data breaches. Thus, the IT & telecom sector is expected to contribute a revenue share of around 23% by 2021, as per FMI.

Fingerprint scanner is dominating the hardware access control component segment. Favored by the extensive use of these scanners in smartphones and laptops to eliminate the need for passwords and login IDs, the fingerprint access control system is anticipated to account for more than 35% of the market share in 2021.

"Key players in the access control market are investing in research and development (R&D) activities and collaborating with other companies to develop industry-specific solutions," says the FMI analyst.

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Key Takeaways from Access Control Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

Manufacturers operating in the access control market are emphasizing on optimizing their existing product and service portfolio. Some of the market players are focusing on receive approval for their product to expand their market share, For instance.

Some of the key players operating in the market profiled by FMI are:

More Valuable Insights on Access Control Market

FMI, in its new report, offers an unbiased analysis of the global access control market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in access control market with detailed segmentation:

By Component:

By System Type:

By Industry:

By Region:

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