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North American access control market approaches $5 billion

April 8, 2015Spencer Ives

DALLAS—The North American access control market will rise to about $5 billion in 2020, up from $2 billion in 2014, while the global market will reach $10.3 billion, according to a Marketsandmarkets report.“The North American market has a very strong growth rate,” said Deepankar Bose, Marketsandmarkets team leader for the project. He cited a CAGR of 11.1 percent until 2020.North America, which has the largest market share and will continue to hold that status in 2020, accounts for...

Deepankar Bose, Marketsandmarkets, Swapnil Nanir