According to the latest report by IMARC Group, titled “Indian Access Control Reader Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian access control reader market size reached INR 18.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 34.8 Billion by 2027, exhibiting a growth rate (CAGR) of 11.02% during 2022-2027.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
Indian Access Control Reader Market Insight:
An access control reader enables the entry and exit of an authorized person into and from the premises. It assists in scanning the requisite credentials that permit the entrance of a person through access control points. Based on the type, access card readers include key card readers, keypad readers, two-factor authentication readers, biometric fingerprint readers, etc. They are widely utilized across numerous sectors, such as healthcare, manufacturing, transportation, education, etc.
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Indian Access Control Reader Market Trends:
The growing demand for access control in commercial spaces to monitor employee activities and curb asset thefts is one of the primary factors driving the Indian access control reader market. In line with this, the increasing product utilization in data centers, government institutions, banks, hotels, retail stores, etc., to prohibit unauthorized access is further catalyzing the market growth. Moreover, the elevating requirement for premium and enhanced access control technologies in the defense sector, owing to the expanding risks of terrorist attacks, is also augmenting the market growth across the country. Besides this, access control readers aid in reducing the need for surveillance and minimizing overhead security expenditures, which is acting as another significant growth-inducing factor. Additionally, the introduction of contactless smart cards and the inflating popularity of smart homes are expected to bolster the Indian access control reader market over the forecasted period.
Indian Access Control Reader Market 2022-2027 Competitive Analysis and Segmentation:
The competitive landscape of the Indian access control reader market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Indian Access Control Reader Market Report:
- ESSL
- ZKTeco Biometrics India Pvt. Ltd
- Mantra Softech (India) Pvt. Ltd
- Honeywell International India Pvt. Ltd
- Tyco Security Products
- Realtime Biometric Co. Ltd
- IDEMIA Ltd
- HID India Pvt. Ltd
- Suprema
Market Segmentation:
The report has segmented the Indian access control reader market on the basis of demography, industry, product types, devices and technology and country.
Based on Technology:
- Fingerprint
- Face Recognition
- Face Recognition and Fingerprint
- Iris Recognition
- Fingerprint, Face and Iris Recognition
- Fingerprint and Iris Recognition
- Iris and Face Recognition
- Contactless
- Vein Recognition
- Others
Based on Type:
- Standalone
- Centralized
Based on Authentication:
- Single-Factor Authentication
- Multi-Factor Authentication
Based on End-User:
- Government
- Commercial
- Healthcare
- Manufacturing and Industrial
- Transport
- Education
- Residential
- Others
Regional Outlook:
- South India
- North India
- West and Central India
- East India
Get in Touch with our Expert Team for Inquire or Further Information: https://www.imarcgroup.com/request?type=report&id=1789&flag=C
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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