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Access Control Market Projected to Grow
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Overview
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The access control market is set to expand from $10.4 billion in 2024 to $15.2 billion by 2029, driven by factors such as IoT-based security systems and mobile-based access control. North America leads in access control adoption, with major players including ASSA ABLOY, dormakaba Group, and Johnson Controls.
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How does the dominance of North America in access control adoption reflect broader security concerns globally?
How might the increasing adoption of IoT-based security systems impact the access control market?
What challenges might arise in implementing mobile-based access control on a large scale?
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