- July 31, 2015
- Transparency Market Research
The global Access Control and Authentication market is expected to reach a value of US$ 49,890.3 Mn by 2020. The market would grow at an estimated CAGR of 15.3% during the forecast period from 2014 to 2020.
Players in the global access control and authentication systems market are increasingly focusing on cloud-based technologies as remote management offers cost efficiency and convenience. Recent developments in the cloud-based authentication systems market include field-level and cloud-based integration. Demand for increased security is expected to boost the global access control and authentication market. The market is projected to grow at a CAGR of 15.3% during the period between 2014 and 2020, and reach a valuation of US$49,890.3 million by 2020.
Browse Market Research Report of Access Control and Authentication: http://www.transparencymarketresearch.com/access-control-authentication-market.html
Partnership between Key Players to Create New Opportunities for Global Access Control and Authentication Market
Vendors in the global access control and authentication market are finding new avenues to partner and boost their businesses. Suprema Inc., a key player in the biometric authentication systems market, has joined hands with Access Control Technology Ltd., a major access control platform. The partnership would lead to the integration of Suprema’s biometric technology with ACTenterprise access control system. ACTenterprise access control system offers varying degrees of access to different people in an organization. Integrating Suprema’s technology will allow users to administrate biometric access control entirely through one software system.
Suprema has already partnered with other security platform providers such as Paxton and Genetec to integrate its BioConnect technology with the partners’ security platforms. Recently, the company has offered its core finger biometric technology to be integrated into the access control system of the medical device firm CorMatrix Cardiovascular.
EyeLock, a biometrics company that offers iris-based access control, has partnered with COMTEX, an electronic security integrator in Latin America, to offer its services to large and small enterprises as well as government agencies and municipalities in the region. The iris-based access control system offered by EyeLock is known to have high identification accuracy and a false acceptance rate of only one in 1.5 million.
Browse Press Release of Access Control and Authentication Market: http://www.transparencymarketresearch.com/pressrelease/access-control-authentication-market.htm
Clients Prefer Eco-Friendly Technology for Access Control and Authentication Systems
With increasing focus on green technologies, companies are demanding eco-friendly technology for access control and authentication systems as well. Farpointe Data has introduced fleaPower option in access control readers to ensure long-term energy savings for its client companies. The technology cuts energy costs and during emergency power situations, the fleaPower option allows proximity card and smart card readers to reduce average current draw by almost 50%. This leads the back-up batteries of the access control systems to last longer during power failures.
New Sectors Interest Players in Global Access Control and Authentication Market
Though vendors in the global access control and authentication market have traditionally focused on sectors such as retail, hospitality, healthcare, education, oil and gas, nuclear power, rail, aviation, and road and city transport, new sectors have caught the attention of the vendors. Mobile authentication platforms have been developed by some of the players in the market, especially the small and medium players. Precise Biometrics has launched BioMatch Mobile solution, which has been adopted by two Chinese smartphone manufacturers – Huawei and Meizu. India-based Innefu Labs have developed AuthShield, a multimodal mobile authentication system designed to work as an extra layer of security in a wide range of applications.
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