Market Size of Europe Access Control Hardware Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.89 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Access Control Hardware Market Analysis
Europe Access Control Hardware Market is expected to grow with a CAGR of 6.89% during the forecasted period. From protecting the perimeter to securing high-value assets, access control systems are a fundamental responsibility for organizational security departments. A study commissioned by HID Global of security directors, managers, and consultants indicated that companies are investing in more advanced access control technology. While the pace may be slow, there is a trend of organizations employing more secure and easier to deploy and use technology.
- Most modern Access Control Systems use some combination of servers and workstations. The servers store all system configurations and historical data, manage communications throughout the system, and serve the workstations with real-time data and reports. Servers also control system decisions or functions across multiple Access Control Panels.
- Biometrics have existed since the start of access control technology for decades, limited by high cost, accuracy issues, privacy concerns, and other issues. But with prices dropping and quality improving, it has become a viable access control technology.
- Access control is an instrument in which a mechanism allows or disallows the privilege to obtain information or complete a task to improve security by enabling an individual to adjust database security protocols while controlling user access. These systems work by storing a person's identity using biometrics or an access card. They confirm this to grant access to a certain sector of the company. It protects personal data from being compromised by preventing unauthorized viruses and hackers from misusing personal information.
- Many firms are using access control gear to regulate workplace personnel due to the COVID-19 outbreak. The requirement to check persons entering a property for their temperature using biometrics and vein recognition technology aids in identifying people who may contaminate with illnesses and viruses due to social distancing standards and the fear of viral propagation. Furthermore, because workplaces are excellent areas for viruses like COVID-19 to proliferate, coronavirus office rules have shifted significantly. As a result, during the COVID-19 outbreak, the need for access control increased dramatically.
