The global Door Entry Systems market was valued at US$ 8291.9 million in 2019 and it is expected to reach US$ 14770 million by the end of 2026, growing at a CAGR of 8.5% during 2021-2026.
A door entry system, or access control systems is a critical component of business premises or home security infrastructure. It serves as a doorbell and intercom to give you control over who enters the site, and at the same time it acts as a secure system for controlling staff access throughout the building.
Card-based readers to hold the largest share of the door entry systems market during the forecast period
Cards are used as credentials to authenticate user identity and determine access grant/denial (also the appropriate level of access). Door entry systems readers can be magnetic stripe, proximity, or smart card readers. Card-based readers are proven to be more reliable than biometric readers and electronic locks. The increasing demand for smart and proximity cards to monitor and record employee activities is one of the drivers for the growth of card-based readers. Smartcards are proven to be more reliable than magnetic stripes and proximity cards. The increasing demand for smart and proximity cards to monitor and record employee activities is one of the drivers for the growth of smart card readers.Growing need for security solutions holds largest market share for commercial vertical in door entry systems market
The commercial vertical is the largest adopter of door entry systems systems. In this vertical, commercial premise such as enterprises and data centers, banks and financial centers, hotels, retail stores and malls, and entertainment areas have been considered. These places require door entry systems systems for protecting people and assets by preventing unauthorized access. The demand for door entry systems systems is increasing since they reduce the need for manned security significantly, thereby reducing security expenditure. These factors are encouraging commercial and service organizations to adopt door entry systems systems to protect people and property. Market in APAC expected to grow significantly during forecast period
The door entry systems market in APAC is expected to grow at the highest CAGR during the forecast period. Factors driving the growth of the market in this region include growing industrialization, commercialization, and high demand for security systems. Also, rising terror threats and crime rates in APAC countries and low police officer to population ratio are expected to support the high demand for door entry systems systems in APAC. China accounted for the largest share of the door entry systems market in APAC in 2018. Increased terror threats and growing government spending to enhance security are some of the key factors driving the growth of the door entry systems market. The growing economy of China also creates a significant requirement for security systems. Large population, increasing investments for digitalization, significant R&D, and increasing industrialization in APAC would drive the adoption of security systems.
Global Door Entry Systems Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Door Entry Systems Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Honeywell, Johnson Controls, Dormakaba, Adt Llc, Schneider Electric, Siemens, Bosch Security, Salto, Nsc, Abb, Idemia, Panasonic, Dds Ltd, Southco, Hid Global, Legrand, Zkteco, Fujitsu, Gallagher and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
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Segment by Type
- Video/Audio Systems
- Biometric Systems
In 2018, Card-based accounted for a major share of 39% in the global Door Entry Systems market. And this product segment is poised to reach to a volume of 2079 (K Units) by 2025 from 1264.3 (K Units) in 2018.
Segment by Application
In Door Entry Systems market, Residential segment holds an important share in terms of application, and it is expected to reach a volume of 4950.9 (K Units) by 2025, at a CAGR of 9.18% during 2018 and 2025. It means that Door Entry Systems will be promising in the Residential field in the next couple of years.
Table of Content:
1 Door Entry Systems Market Overview
2 Door Entry Systems Market Competition by Manufacturers
3 Door Entry Systems Retrospective Market Scenario by Region
4 Global Door Entry Systems Historic Market Analysis by Type
5 Global Door Entry Systems Historic Market Analysis by Application
6 Key Companies Profiled
7 Door Entry Systems Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Door Entry Systems Market Dynamics
10 Global Door Entry Systems Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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