Indian Access Control Market 2027 | Growth, Opportunity and Forecast

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According to IMARC Group’s latest report, titled “Indian Access Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Indian access control market size reached INR 55.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 126.3 Billion by 2027, exhibiting a growth rate (CAGR) of 14.72% during 2022-2027.

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Access control systems are electronic systems that use biometric and proximity cards to recognize, authorize, and authenticate the entry and exit of a person on the premises. It compels the user to require specific mandatory credentials, thereby protecting against intruders and ensuring security. Access control systems help meet the security requirements of a facility and eliminate the need for traditional security systems. Consequently, they are extensively used across retail stores, hotels, government institutes, entertainment stores, and banks.

Indian Access Control Market Trends:

The Indian access control market is primarily driven by the rising crime rates in the country and the increasing awareness regarding home security systems. In line with this, the increasing cases of security breaches have compelled commercial premises, such as enterprises, IT companies, and data centers, to employ access control systems, which is propelling the market growth. Apart from this, rapid technological advancements, such as the introduction of contactless biometrics and smart card solutions and the increasing deployment of wireless security systems, are factors creating a positive outlook for the market.

Indian Access Control Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

• ESSL
• Gemalto (3M Cognet)
• HID India Pvt. Ltd.
• Honeywell International India Pvt. Ltd
• IDEMIA Ltd.
• Mantra Softech (India) Pvt. Ltd
• Matrix Comsec Pvt. Ltd.
• Realtime Biometric Co. Ltd
• Tyco Security Products
• ZKTeco Biometrics India Pvt Ltd.

Key Market Segmentation:

The report has segmented the Indian access control market on the basis of component, type, end user and region.

Breakup by Component

• Controller
• Reader
• Locks
• Software

Breakup by Type

• Card Based
  •   Contact
  •   Contactless
• Biometric Based
  • Fingerprint
  • Face Recognition
  • Face Recognition and Fingerprint
  • Iris Recognition
  • Others

Breakup by End User

• Government
• Commercial
• Healthcare
• Manufacturing and Industrial
• Transport
• Education
• Residential
• Others

Breakup by Region

• South India
• North India
• West and Central India
• East India

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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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