The EMEA Access Control Market is expected to grow from US$ 2,849.4 million in 2019 to US$ 8,327.5 million by 2027; it is estimated to grow at a CAGR of 14.0% from 2020 to 2027.
The Germany, France, UK, Italy, Russia, UAE, Saudi Arabia, and South Africa are major economies in EMEA. Access Control is an essential solution adopted by business facilities to secure the premises with advanced access control system. It helps the origination to monitor and verify real time data for better control and results. Increasing demand for the advanced solution meeting the new physical distancing requirement such as contactless entry is accelerating the growth of EMEA market. Access Control systems helps to manage access points remotely with lesser human resources, which is helping customers to reduce the operational cost and improve security. Countries, such as Germany, France, and UK, are propelling the market growth by creating demand for advanced solutions to save cost and secure premises. For instance, in in September, 2020, ZKTeco EU introduced new access control system for European schools meeting the new temperature detection standards. Similarly, in July, 2020, Secobit and BioSec Group formed partnership to introduce biometric physical access control system for construction customers located at Germany. Such as new palm vein recognition system is introduced at construction site for contactless entry. Increasing demand for cost-saving and contactless access control solutions in Middle Eastern countries, such as UAE and Saudi Arabia, is accelerating the
EMEA Access Control Market growth.The EMEA region constitutes the leading access control software developing countries as well as manufacturing hubs across Germany and UK. Europe region virtually imposed strict lockdown and social isolation which virtually halted the manufacturing as well as production of numerous components, equipment and machinery for several weeks resulting in shrinking its economy. Moreover, the countries in region also isolated its import as well as export of critical raw materials and industrial equipment for numerous industry vertical impacting the supply chain of various end-user industries. Similarly, Middle East also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country. As a result, the subsequent lockdown and disruption in production of numerous industrial instruments across Europe and MEA respectively has contributed significantly in adversely impacting the access control market growth across the EMEA region. In addition to this, the closure of several wholesalers, distributors and sales representatives also has reduced the availability of industrial products or components from other Asia-pacific based market players. The governments are taking effective action to restart the manufacturing and office operations in EMEA regions with significant distancing measures, which shows promising growth support for the market.
EMEA Access Control Market Segmentation
EMEA Access Control Market – by Component
EMEA Access Control Market – by Application
- Commercial
- Military and Defense
- Government
- Residential
- Healthcare
- Education
- Manufacturing and Industrial
- Transportation
EMEA Access Control Market – by Country
- Germany
- France
- Italy
- UK
- Russia
- UAE
- Saudi Arabia
- South Africa
- Rest of EMEA
EMEA Access Control Market -Companies Mentioned
- AMAG Technology
- Assa Abloy
- ATG Access Ltd
- Gallagher Group Limited
- Honeywell International Inc
- Identiv, Inc
- Johnson Controls, plc
- NEC Corporation
- Schneider Electric
- Siemens AG
EMEA Access Control Report Scope
Report Attribute |
Details |
Market size in 2019 |
US$ 2,849.4 Million |
Market Size by 2027 |
US$ 8,327.5 Million |
Global CAGR (2020 - 2027) |
14.0% |
Historical Data |
2017-2018 |
Forecast period |
2020-2027 |
Segments Covered |
By Component - Hardware
- Software
- Services
By Application - Commercial
- Military and Defense
- Government
- Residential
- Healthcare
- Education
- Manufacturing and Industrial
- Transportation
|
Regions and Countries Covered |
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
|
Market leaders and key company profiles |
AMAG Technology
Assa Abloy
ATG Access Ltd
Gallagher Group Limited
Honeywell International Inc
Identiv, Inc
Johnson Controls, plc
NEC Corporation
Schneider Electric
|