Jacksonharolin15 Jul, 2024Business
The global access control market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032. The market is experiencing steady growth driven by the rising number of cyber threats, data breaches, and physical security risks, adoption of biometrics, cloud-based solutions, and the Internet of Things (IoT) technology, and increasing utilization in smart building solutions.
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