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Access Control Reader (Card-based, Biometric, and Multi-technology) Market - Global Forecast to 2024DUBLIN, Sept. 17, 2019 /PRNewswire/ -- The "Access Control Reader Market by Reader Type (Card-based Readers, Biometric Readers, and Multi-technology Readers), Smart Card Technology Type (iCLASS, MIFARE, DESFire, Advant), Vertical, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.  The access control reader market is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.5% The growth of this market is mainly driven by the high demand for enhanced security; contactless interfaces to boost adoption of smart cards; and increased convenience, enhanced security identity management, and improved human resource management. Rapid urbanization in emerging economies provides a major opportunity for the growth of the access control reader market. However, limited awareness about advanced security solutions among users restrains the market's growth. Increasing urbanization by way of smart cities in emerging economies such as India and China is expected to provide significant growth opportunities to players in the access control reader market. In these economies, the concentration of industrial development in cities leads to a growing demand for infrastructure, is expected to boost the demand for advanced biometric solutions and smart cards. Major companies operating in the market include ASSA ABLOY AB (Sweden), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Identiv, Inc. (US), IDEMIA Group (France), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Gemalto N.V. (Netherlands), NAPCO Security Technologies, Inc. (US), and Avigilon Corporation (Canada). Key Topics Covered: 1 Introduction 4.2 Smart Card Reader Market, By Technology 4.3 Access Control Reader Market in Europe, Card-Based Reader Type and Country 4.4 Access Control Reader Market, By Country 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 High Demand for Enhanced Security 5.2.1.2 Contactless Interfaces to Boost Adoption of Smart Cards 5.2.1.3 Increased Convenience, Enhanced Secure Identity Management, and Improved Human Resource Management 5.2.2 Restraints 5.2.2.1 Limited Awareness About Advanced Security Solutions Among Users 5.2.3 Opportunities 5.2.3.1 Increasing Urbanization in Emerging Economies 5.2.4 Challenges 5.2.4.1 Security Concerns Related to Unauthorized Access and Data Breach 5.3 Value Chain Analysis 6 Access Control Reader Market, By Reader Type 6.1 Introduction 6.2 Card-Based Readers 6.2.1 Magnetic Stripe Readers 6.2.1.1 Magnetic Stripe Readers Accounted for Smallest Share of Card-Based Reader Market, in Terms of Value and Volume, in 2018 6.2.2 Proximity Card Readers (125 Khz) 6.2.2.1 Proximity Card Readers are Expected to Hold Significant Size of Card-Based Reader Market, in Terms of Value and Volume, During the Forecast Period 6.2.3 Smart Card Readers (13.56 Mhz) 6.2.3.1 Smartcard Readers Expected to Witness Highest CAGR in Card-Based Reader Market During Forecast Period 6.2.3.1.1 Contact-Based 6.2.3.1.2 Contactless 6.3 Biometric Readers 6.3.1 Fingerprint 6.3.1.1 Fingerprint Held Largest Size of Biometric Reader Market, in Terms of Value and Volume, in 2018 6.3.2 Palm Recognition 6.3.2.1 Palm Recognition Readers are Used in Access Control Systems for Security Purpose 6.3.3 IRIS Recognition 6.3.3.1 IRIS Recognition Readers Provide High Accuracy for Authentication 6.3.4 Face Recognition 6.3.4.1 Face Recognition Readers to Exhibit Highest CAGR in Biometric Reader Market During Forecast Period 6.3.5 Vein Recognition 6.3.5.1 Vein Recognition Readers Gaining Visibility in Upcoming Years for Biometric Readers 6.3.6 Voice Recognition 6.3.6.1 Voice Recognition Readers' Usability for Restricting Unauthorized Access 6.4 Multi-Technology Readers 6.4.1 Multi-Technology Readers to Account for Significant Size of Access Control Reader Market During Forecast Period 7 Smart Card Reader Market, By Technology Type 7.1 Introduction 7.2 iCLASS 7.2.1 iCLASS Technology to have Significant Demand for Smartcard Readers 7.3 MIFARE 7.3.1 MIFARE Technology Expected to Witness at Highest Growth Rate During Forecast Period 7.4 DESFire 7.4.1 DESFire TechnologyAdvanced Version of MIFARE Family 7.5 LEGIC Advant 7.5.1 Small Market Share of Advant Due to Limited Access 7.6 Others 8 Access Control Reader Market, By Vertical 8.1 Introduction 8.2 Commercial 8.2.1 Access Control Readers Witness High Adoption in Enterprises and Data Centers for Security Purposes 8.2.1.1 Enterprises and Data Centers 8.2.1.2 Banks and Financial Centers 8.2.1.3 Hotels, Stadiums, and Amusement Parks 8.2.1.4 Retail Stores and Malls 8.3 Government 8.3.1 Government Vertical Expected to Grow at Significant Rate of During Forecast Period 8.4 Residential 8.4.1 Residential Vertical Expected to Grow at Highest CAGR During Forecast Period 9 Geographic Analysis Company Profiles Key Players
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