Indian Access Control Reader Market Analysis by Size, Share, CAGR, Reader Type, End-User and Revenue Forecast 2022-2027

Indian Access Control Reader Market Research Report

The report has segmented the Indian access control reader industry on the basis of demography, industry, product types, devices and technology and country.

BROOKLYN, NY, USA, February 12, 2023 /EINPresswire.com/ — IMARC Group has recently released a new research study titled “Indian Access Control Reader Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Outlook:

The Indian access control reader market size reached INR 18.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 34.8 Billion by 2027, exhibiting a growth rate (CAGR) of 11.02% during 2022-2027. Biometrics represents the computer-generated binary code that is generated upon the recognition of iris, palm veins, face, voice, fingerprints, etc. In line with this, the access control biometric reader manages the entry of an authorized person into facilities based upon biological recognition. As such, it is extensively utilized in airports, banks, hospitals, offices, and other commercial and residential spaces in India. Furthermore, an access control biometric reader is commonly available in standalone and centralized variants.

Indian Access Control Reader Market Trends:

The growing number of government institutions, IT hubs, and commercial offices that require premium security systems for curbing any threats related to unauthorized entries and data breaching is primarily driving the Indian access control biometric reader market. Additionally, the inflating disposable income levels of the consumers and the easy availability of biometric-based devices are augmenting the adoption of biometric-based security systems in smart homes. This, in turn, is catalyzing the product demand.

Moreover, the access control biometric readers are generally installed in government entities, on account of their efficient data filtering properties and the high-security needs of such setups, which is acting as another significant growth-inducing factor. Apart from this, the development of novel and advanced technologies, such as contactless, vein recognition, and hand geometry, is anticipated to fuel the Indian access control biometric reader market over the forecasted period.

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Get a FREE PDF Sample for more detailed market insights: https://www.imarcgroup.com/indian-access-control-reader-market/requestsample

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

The competitive landscape of the Indian access control reader market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Player Covered:

• 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.

Market Segmentation:

The report has segmented the Indian access control reader market on the basis of demography, industry, product types, devices and technology and country.

Based on Technology:

• Fingerprint

• Face Recognition

• Face Recognition and Fingerprint

• Iris Recognition

• Fingerprint, Face and Iris Recognition

• Fingerprint and Iris Recognition

• Iris and Face Recognition

• Contactless

• Vein Recognition

• Others

Based on Type:

• Standalone

• Centralized

Based on Authentication:

• Single-Factor Authentication

• Multi-Factor Authentication

Based on End-User:

• Government

• Commercial

• Healthcare

• Manufacturing and Industrial

• Transport

• Education

• Residential

• Others

Regional Outlook:

• South India

• North India

• West and Central India

• East India

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1789&flag=C

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.

Latest Research Report:

India Logistics Automation Market 2023-2028

India Indoor Location-Based-Services Market Research Report

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here