# Fingerprint Scanners to Remain Top-selling, Accounting for Over One-third of Access Control Demand in 2021: Future Market Insights
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-02-17
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Access Control Market Analysis Reveals Future Trends
Meta Description: Discover key drivers propelling market growth & the demand for integrated access control solutions creating safe working environments. Get insights now!
URL: https://financedigest.com/fingerprint-scanners-to-remain-top-selling-accounting-for-over-one-third-of-access-control-demand-in-2021-future-market-insightshtml

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_The access control market analysis conducted by Future Market Insight (FMI) offers insights into key drivers propelling the market growth. The report highlights factors driving the access control demand outlook in terms of components and system type. As per FMI, the demand for integrated access control solutions to offer safe working environment will remain a chief growth driver._

**[Future Market Insights](https://www.financedigest.com/kombucha-market-to-boom-at-a-lively-cagr-of-17-4-through-2033-emerging-demand-in-inventive-non-alcoholic-drinks-to-spur-the-market-future-market-insights-inc.html "Kombucha Market to Boom at a Lively CAGR of 17.4% through 2033: Emerging Demand in Inventive Non-Alcoholic Drinks to Spur the Market | Future Market Insights Inc. ") (FMI), Dubai:** The global [access control market](https://www.futuremarketinsights.com/reports/access-control-market) value is expected to surpass US$ 15 billion by 2021. According to a study by FMI, the market for [access control is likely to reach](https://www.financedigest.com/700000-employees-across-the-uk-have-access-to-fair-finance-will-reach-one-million-employees-in-2017.html "700,000 Employees Across The UK Have Access to Fair Finance, Will Reach One Million Employees in 2017") a valuation of US$ 50.4 billion through 2031, growing at a CAGR of 12.6% during the forecast period 2021-2031 in comparison to CAGR 8.1% registered between 2016 and 2020.

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](https://www.financedigest.com/55-of-uk-smes-unable-to-access-all-funding-needed-to-grow.html "55% of UK SMEs unable to access all funding needed to grow") 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](https://www.financedigest.com/5-simple-ways-to-prevent-a-data-breach-from-putting-your-accountancy-practice-out-of-business.html "5 Simple ways to prevent a data breach from putting your accountancy practice out of business"). 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](https://www.financedigest.com/2018-property-investment-market-to-be-harder-but-more-rewarding-experts-reveal.html "2018 property investment market to be “harder but more rewarding,” experts reveal") in research and development (R&D) activities and collaborating with other companies to develop industry-specific solutions,”_ says the FMI analyst.

**Key Takeaways from** **Access Control** **Market Survey**

- North America is likely to remain one of the most attractive markets with the U.S. accounting for a market share of over 79% in the region by 2031.
- The U.K. is expected to lead the European [market with growing sales of access control solutions at a CAGR](https://www.financedigest.com/reverse-logistics-market-is-projected-to-have-a-cagr-of-12-through-2032-future-market-insights-inc.html "Reverse Logistics Market is projected to have a CAGR of 12% through 2032 | Future Market Insights, Inc.") of over 15% through 2031.
- Thanks to the rising government investments in infrastructural advancement, the demand for access control solutions in China is estimated to rise at a CARG of 12% over the forecast period.
- With increasing terror threats in India, the demand for access control solutions in the country is expected to surpass a valuation of US$ 751 million by 2031.
- Japan is anticipated to emerge as a highly lucrative market, demonstrating growth at a robust CAGR of 17% over the next ten years.

**Key Drivers**

- Increasing awareness regarding cybercrime and [security for data is fueling the demand](https://www.financedigest.com/new-demands-on-network-security.html "NEW DEMANDS ON NETWORK SECURITY") for access control solutions.
- Advent of digitalization is expected to create sales opportunities for access control solutions.
- Ongoing technological development in access control solutions will bolster the growth of the market.
- Growing shift from key-based to key-less [access control is driving](https://www.financedigest.com/india-resists-calls-for-more-air-access-in-drive-to-be-global-aviation-force.html "India resists calls for more air access in drive to be global aviation force") the growth of the market.

**Key Restraints**

- High cost of installation is a factor impeding the demand for access control solutions.
- Constraint of being hacked is negatively affecting the growth of the access control market.

**Discover more about the** **access control** **analysis with figures and data tables, along with the table of contents. Ask an Analyst@** **https://www.futuremarketinsights.com/ask-question/rep-gb-13363**

**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](https://www.financedigest.com/rare-earth-metals-market-to-receive-overwhelming-hike-usd-14-6-billion-in-revenues-by-2033-future-market-insights-inc.html "Rare Earth Metals Market to Receive Overwhelming Hike USD 14.6 Billion in Revenues by 2033 | Future Market Insights, Inc.") approval for their product to expand their market share, For instance.

- Honeywell the expanded the capabilities of its MAXPRO Cloud portfolio in Feb 2021, with the launch of its new products MPA1 and MPA2, access control panels that offer web, cloud-based and on-premise hosting options.
- Nedap’s AEOS physical access control system received CPNI certification, which makes it suitable for the U.K.’s technical authority standards applications.

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

- Identiv
- Honeywell International Inc.
- NEC Corporation
- Johnson Controls
- Bosch Security and Safety Systems
- Assa Abloy AB
- Thales Group
- STANLEY Convergent Security Solutions, Inc.
- 3M
- Secom Co., Ltd
- Dormakaba Holding AG
- HID Global
- Matrix Comsec Pvt. Ltd.
- Paxton Access Ltd.
- BioEnable Technologies Pvt Ltd.
- Spectra Technovision (India) Pvt. Ltd.
- ZKTeco India
- Intellicon Private

**More Valuable [Insights on](https://www.financedigest.com/dietary-supplements-market-is-anticipated-to-reach-a-valuation-of-us-350-96-billion-by-2032-future-market-insights-inc.html "Dietary Supplements Market is Anticipated to Reach a Valuation of US$ 350.96 Billion by 2032 | Future Market Insights Inc.")** **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:**

- Hardware
  - Fingerprint Scanners
  - Facial Recognition Devices
  - Iris Scanners
  - Smart Cards
  - Others
- Software
  - Integrated Access Control Software
  - Standalone Software/Middleware
  - Facial Recognition Software
  - Iris Recognition Software
  - Others
- Services
  - Professional Services
    - System Integration & Installation
    - Security Consulting
    - Support & Maintenance
  - Managed Services

**By System Type:**

- Fingerprint Access Control Systems
- Face Recognition Access Control Systems
- Iris Recognition Access Control Systems
- Card-Based Access Control Systems
- Others

**By Industry:**

- IT & Telecom
- BFSI
- Military & Defense
- Manufacturing
- Healthcare
- Transportation & Logistics
- Government
- Education
- Others

**By Region:**

- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- India
- Middle East and Africa (MEA)

**Key Questions Covered in the Report**

- The report [offers insight into access control market demand outlook](https://www.financedigest.com/216-pages-future-market-insights-analysis-on-meat-packaging-market-demand-outlook-offers-compelling-insights-into-key-factors-driving-sales.html "216 Pages Future Market Insights Analysis on Meat Packaging Market Demand Outlook Offers Compelling Insights into Key Factors Driving Sales") for the forecast period 2021-2031
- The market study also highlights projected sales growth for access control market between 2021 and 2031
- Access control [market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast](https://www.financedigest.com/workforce-management-market-is-forecast-to-be-worth-us-21-9-billion-by-2032-future-market-insights-inc.html "Workforce Management Market is forecast to be worth US$ 21.9 Billion by 2032 | Future Market Insights, Inc.") and technological advancements within the industry
- Access control market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

### **Explore FMI’s Extensive Coverage on Technology Domain**

### [Conference Room Solutions Market](https://www.futuremarketinsights.com/reports/conference-room-solutions-market): The global Conference Room Solutions Market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.

### [Managed File Transfer (MFT) Market](https://www.futuremarketinsights.com/reports/managed-file-transfer-software-and-service-market): [Future Market Insights](https://www.financedigest.com/flat-glass-market-is-projected-to-accelerate-at-a-cagr-of-5-2-to-top-us-8-8-billion-by-2032-future-market-insights-inc.html "Flat Glass Market is Projected to Accelerate at a CAGR of 5.2% to top US$ 8.8 Billion by 2032 | Future Market Insights, Inc.") gives a detailed segmentation on the global Managed File Transfer (MFT) Market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

### [Computerized Maintenance Management System (CMMS) Market](https://www.futuremarketinsights.com/reports/computerized-maintenance-management-systems-market): The Computerized Maintenance Management System (CMMS) Market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

### **About [Future Market Insights](https://www.financedigest.com/frozen-yogurt-market-is-expected-to-reach-a-valuation-of-usd-3-bn-by-2032-data-analysis-by-future-market-insights-inc.html "Frozen Yogurt Market is Expected to Reach a Valuation of USD 3 Bn by 2032 | Data Analysis by Future Market Insights Inc.") (FMI)**

[Future Market](https://www.financedigest.com/us-stock-futures-bonds-rally-as-markets-flirt-with-fed-pause.html "US stock futures, bonds rally as markets flirt with Fed pause") Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. [FMI](https://www.futuremarketinsights.com) is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest [market research reports](https://www.futuremarketinsights.com/reports) and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated [market research reports](https://www.financedigest.com/premium-chocolate-market-is-expected-to-have-a-cagr-of-8-8-through-2032-future-market-insights-inc.html "Premium Chocolate Market is Expected to have a CAGR of 8.8% through 2032 | Future Market Insights Inc. ")deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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[Future Market Insights](https://www.financedigest.com/cocoa-market-size-will-attain-us-23981-1-million-value-by-2033-future-market-insights-inc-2.html "Cocoa Market Size Will Attain US$ 23,981.1 Million Value by 2033 | Future Market Insights Inc. "),

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**Report:** [https://www.futuremarketinsights.com/reports/access-control-market](https://www.futuremarketinsights.com/reports/access-control-market)

**Press Release Source:** [https://www.futuremarketinsights.com/press-release/access-control-market](https://www.futuremarketinsights.com/press-release/access-control-market)


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