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| How Terror Threat and Regulations have impacted the Global Access Control market |
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According to a study carried out by Persistence Market Research, the global electronic access control systems marketed is set to increase by more than a staggering £20.3 billion by 2019.
Comparing 2013 to 2019, the latest study has shown that the market is predicted to grow at a compound annual growth rate (CAGR) of 12.6%. Furthermore, it is suggested that the Asia-Pacific region will see the highest regional CAGR growth during this period, predicted to reach a value of £6.3 billion by 2019, up an impressive 16.7%.
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| Installing world class and the latest in access control technology for clients throughout the Stoke On Trent area. |
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access control expert today |
| We at NSR employ a team of trusted and reliable access control installers who are on hand to assist you in your enquiry and ensure all needs are met to the highest of standards. |
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Friendly and knowledgeable team of access control installers |
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But what is influencing the strong growth in the electronic access control market?
Firstly, the significant growth seen to date is partly down to the rising global terror threat which is influencing businesses and authorities to tighten security. According to the Study of Terrorism and Responses to Terrorism (START) there has been a staggering 69% rise in terrorist attacks worldwide, comparing 2012 to 2017.
Other factors influencing this growth can be put down to stricter government regulations placing emphasis on greater security as well as the creation of new infrastructure as per Persistence Market Research.
Finally, biometric-enabled smart phones are another sector that could bring out potential growth to the sector. With their ability to identify fingerprint recognition, face recognition as evident in the latest Apple iPhone X, iris recognition, voice recognition and automated fingerprint identification, amongst a whole host of other benefits, biometric-enabled smart phones could be the way forward when it comes to the growth within the access control security sector. Watch this space and see how this marketplace grows in the coming months and years! |
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| Your local and trusted access control installers in Stoke On Trent |
| We employ a team of trusted and reliable access control installers who have the expert knowledge to assist you in your enquiry and be there to ensure all needs are met to the highest of standards. For more information get in touch with our Stoke On Trent team today. |
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