Access Control Solutions: Market Leadership

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Access Control Solutions Market
Leadership Access Control is a security feature
that regulates controls communications between
users and systems. It restricts the entry of
unauthorized individuals into restricted areas to
protect people and assets. The overall Access
Control Solutions market is expected to grow from
USD 6.94 billion in 2017 to USD 12.12 billion by
2024, at a CAGR of 8.24 during the forecast
period. The growth of the access control
solutions market is driven by various factors,
such as increasing crime rates globally,
technological advancements, the deployment of
wireless technology in security systems, and the
adoption of IoT-based security systems with cloud
computing platforms. Best access control systems
provide secure access to physical resources by
validating user credentials. In 2017, the access
control solutions market was dominated by Assa
Abloy AB (Sweden), Johnson Controls
International Plc (Ireland), Dormakaba Holding AG
(Switzerland), Allegion Plc (Ireland), Honeywell
Security Group (US), Identiv (US), Nedap NV
(Netherlands), Suprema HQ Inc (South Korea), and
Bosch Security Systems (US). Assa Abloy (Sweden)
is a leading provider of digital and mobile
security solutions. The companys wide product
range of access control systems provides it with
a competitive advantage over other players. In
addition, it focuses on market presence, product
leadership, and cost efficiency to grow in the
market. The company focuses on strengthening its
market presence by expanding into emerging
markets this has enabled its sales to grow from
10 in 2006 to 28 in 2016. It strengthens its
market presence by acquiring companies. The
groups acquisitions are focused on increasing
its geographical presence, complementing its
existing product range, and adding new
technologies in key areas. The company intends
to grow organically through product innovation
and development and by broadening its product
portfolio. The companys RD investments in
product development have increased by 90 over
the last five years. Get Sample PDF (including
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Dormakaba Holding AG (Switzerland) is one of the
leading companies in the global security and
access solutions market. It provides premise
access products, solutions, and services. The
company has strong distribution channels and
sales networks in all industries, which will
accelerate global expansion through a
strengthened presence in Europe, the Americas,
and Asia Pacific. The company focuses on mergers
acquisitions to expand its business and
strengthen its product portfolio. For instance,
in 2016, two strategic acquisitions from Black
Decker, Inc. (US) and Mesker Openings Group (US)
took place, which enhanced the companys market
foothold in North America and global standing
within the security access control industry.
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Johnson Controls International Plc (Ireland)
offers a wide range of fire security products
and installation maintenance services. The
company generates the majority of its revenue
from installations maintenance services and
offers premium access control, video, and
location-based tracking to customers in more
than 150 countries. Its commitment towards
quality and consistent improvement in products
makes it one of the leading providers of security
solutions. The company focuses on maintaining a
multi-segment business platform to enhance the
predictability and sustainability of its
earnings and growth.
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olutions/buy- now?reporttypecorporates_license_p
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• 360Quadrants Scoring Methodology
• The top companies in the Access Control
  Solutionmarket will be rated using the following
  methodology
• A highly experienced team of researchers and
  senior analysts conducts extensive research to
  generate a list of vendors (competitors).
• A patent-pending algorithm is used to collect
  inputs from key stakeholdersindustry experts,
  buyers, vendors, and 360Quadrants analystsbased
  on criteria for Product Maturity and
• Company Maturity.
• Criteria under Product Maturity include breadth
  and depth of product/service offering, product
  features and functionalities, product
  differentiation, and their impact on customer
  value.
• Criteria under Company Maturity include
  geographical footprint, partner ecosystem,
  financial stability, and client coverage or
  sector footprint.
• Approximately 20 in-depth parameterswill be
  considered for research into the Access Control
  Solution market. These parameters will be updated
  every six months to ensure the latest
  developments are taken into consideration.
• A weight is assigned to each stakeholder based on
  information gathered pertaining to the above
  criteria as well as inputs from stakeholders.
  These inputs follow the order of priority given
  below
• Buyers
• Industry Experts
• 360Quadrants Analysts
• Vendors (Competitors)
• 5. The inputs are analyzed, and a final rating is
  assigned to each vendor (competitor).

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6. After the finalization of ratings, each vendor
is placed in the most relevant quadrant based on
its score.
About 360Quadrants 360Quadrants is the largest
marketplace looking to disrupt USD 6.3 trillion
of technology spends and is the only rating
platform for vendors in the technology space. The
platform provides users access to unbiased
information that helps them make qualified
business decisions. The platform facilitates
deeper insight using direct engagement with 650
industry experts and analysts and allows buyers
to discuss their requirements with 7500 vendors.
Companies get to win ideal new customers,
customize their quadrants, decide key
parameters, and position themselves strategically
in a niche space, to be consumed by giants and
startups alike. Experts get to grow their brand
and increase their thought leadership. The
platform targets the building of a social network
that links industry experts with companies
worldwide. The platform has around 400 total
buyers across various markets. 360Quadrants will
also be launching quadrants in fields like
Digital Transformation Software, Cloud Computing
Software, and Machine Vision Solutions.
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