Increasing need for safety and security is expected to drive the global access control and authentication market growth over the forecast period. Designed to monitor people & objects, control their access, and prevent intrusion into any property or information, the systems are mainly responsible for the selective restricted access to a place. These are controlling tools and are used in the investigation and prevention of crimes that are bound to take place in multiplexes, malls, airports, banks, ATMs, and casinos. Key end use verticals served by the access control and authentication market include public sector and government, industrial and manufacturing sector, transportation, logistics, business organization that includes banking, financial services, and insurance, IT sector, retail, hospitality, and healthcare & educational institutions along with residential complexes and stadiums and sports complexes.
Governments and regulatory bodies have imposed policies and compliances for security, which have led to increased investments on security by companies and organizations. In business organizations, these systems help the administration to manage access, privileges, passwords, access to network services, user authentication for remote connections, equipment/location identification, and remote diagnostics and configuration. Ever-increasing security and safety concerns and regulations are the key drivers for the global access control and authentication market.
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