Report

The Europe Access Control Hardware Market is expected to register a CAGR of 6.89% during the forecast period.

Key Highlights
- From protecting the perimeter to securing high-value assets, access control systems are a fundamental responsibility for organizational security departments. A study commissioned by HID Global of security directors, managers, and consultants indicated that companies are investing in more advanced access control technology. While the pace may be slow, there is a trend of organizations employing more secure and easier to deploy and use technology.
- Most modern Access Control Systems use some combination of servers and workstations. The servers store all system configurations and historical data, manage communications throughout the system, and serve the workstations with real-time data and reports. Servers also control system decisions or functions across multiple Access Control Panels.
- Biometrics have existed since the start of access control technology for decades, limited by high cost, accuracy issues, privacy concerns, and other issues. But with prices dropping and quality improving, it has become a viable access control technology.
- Access control is an instrument in which a mechanism allows or disallows the privilege to obtain information or complete a task to improve security by enabling an individual to adjust database security protocols while controlling user access. These systems work by storing a person's identity using biometrics or an access card. They confirm this to grant access to a certain sector of the company. It protects personal data from being compromised by preventing unauthorized viruses and hackers from misusing personal information.


Europe Access Control Hardware Market Trends

Biometric readers expected to have the highest growth rate in future


- One of the most quickly growing perimeter security options is Biometrics. Biometrics provides for the identification of a person's physical characteristics to provide controlled physical access to infrastructure. Government institutions, manufacturing enterprises, power plants, military establishments, and businesses rapidly use this technology. Furthermore, speech and facial recognition are biometrics technologies that are non-contact, non-intrusive, and simple. Individuals are spending more money on biometric readers because of the contactless method of identifying and authenticating.
- Furthermore, as online transactions become more prevalent, organizations must have an authentication system that allows for secure and efficient access to information. Furthermore, single-factor authentication systems require the user to confirm his identity by matching only one factor. By 2027, these factors will likely propel the biometric reader market forward.
- The increased integration of biometric systems with IoT devices, as well as the expanding use of smartphones around the world, are likely to boost the expansion of the biometrics reader market (Access Control Hardware Market).
- In February 2022 - Vsblty, a security and retail analytics company announced a new relationship with Farleigh Consultants, a UK-based Profile Security Group division, to sell security solutions in the UK and EU. Farleigh professes to be dedicated to public safety and the ethical collection, use, and storage of personal information. Vsblty's technology will be offered as a GDPR-compliant solution.


Commercial Application to drive the Market


- Organizing the company means ensuring the necessary safety, controlling processes optimally, and offering the highest possible level of convenience. The well-organized and controlled access to company sites, offices, and facilities provides security and enhances trust in staff, customers, and suppliers.
- According to employee fraud stats, two-thirds of all US-based small businesses fall victim to employee theft (National Federation of Independent Business). According to employee fraud case stats, 59% of ex-employees admitted to stealing the company's sensitive information when leaving previous jobs (American Bar Association).
- Currently, numerous companies offer access control services in the security field, which different businesses can choose to install. Other access control systems come with various identification protocols, like smart card identification, biometric identification, mobile access identification, and proximity identification.
- While smart office technology is growing in popularity, access control systems can be a key piece of this technology, and security will likely prioritize making access control system decisions. Traditionally, access control has been a hardware sales-driven business model. However, updates need to be manually programmed, and IT staff is required for operation, resulting in adopting a subscription-based access control model for businesses.
- With the advancement in wireless technology, wireless hardware components are enhanced to cater to the growing demand for physical security, such as wireless locks and wireless controllers, across the access control systems, thereby minimizing the usage of physical cables and conduits. Also, the growing adoption of cloud technology services reduces the requirement for servers and software, further reducing the time and cost of installing physical devices in the long run and facilitating secure remote access.


Europe Access Control Hardware Industry Overview

The access control industry is highly fragmented, with a few worldwide competitors and local players in several countries. The companies are involved in various strategies such as mergers and acquisitions and product innovations. 3M Cogent, Inc., Hanwha Techwin Co., Ltd., Honeywell Security Group, and others are key competitors in the industry.


- May 2022 - Brivo, a leading provider of cloud-based access control and smart building technologies, recently announced a partnership with Doyle Security Systems Inc., the largest family-owned provider of residential and commercial security, fire, and medical monitoring systems in New York State and northwest Pennsylvania, announced a partnership with Doyle Security Systems Inc. Doyle will expand its product offering to include Brivo Access, Brivo's hallmark cloud-based access control product, and will provide cloud-based access control to its customers as a result of the relationship.
- June 2021 - Brivo Snapshot, high-accuracy video analytics and forensic tool that uses machine learning to deliver advanced facial and person detection using a fusion of access control and video data streams was launched by Brivo, the global leader in cloud-based access control and smart building technologies.


Additional Benefits:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support