Access Control and Authentication Market Driven by Increasing Demand for Enhanced Security Standards, to Rise at 15.3% CAGR

A recent report published by Transparency Market Research (TMR), titled “Access Control and Authentication - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, offers insights into the present market dynamics and growth prospects of the global access control and authentication system market. It studies the prevalent demand and supply trends impacting the market’s growth opportunities over the span of the next five years. Based on in-depth research, the report estimates the global access control and authentication market to reach US$49,890.3 million in 2020. The market, according to the report, is likely to expand at a healthy 15.3% CAGR during the forecast period from 2014 to 2020. 

 

Increasing safety and security concerns across the economic sector and the tightening regulations by governments to protect confidentiality are identified in the report as the key factors giving a stimulus to the global access control and authentication market. Several countries and international regulatory bodies have designed policies and compliances for security, which have encouraged investment in security measures from companies and organizations. The report highlights lucrative market prospects for access control and authentication systems in the near future. According to a lead TMR analyst, “The forthcoming years will see a significant increase in budget allocation for safeguarding critical infrastructure across several countries. The trend will fuel the demand for physical security systems”.

 

Get Free sample Report:http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4344