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North America accounts for a considerable share of the access control industry owing to the rising prevalence of cybercrimes in the region. As various small businesses and organisations are increasingly digitising their operations, the threat of cybercrimes is surging. This, in turn, is boosting the adoption of access controls like biometric scanners, facial recognition, and iris recognition and driving the market growth. Technological advancements and innovations in the United States and Canada are increasing the deployment of the latest biometrics and RFID technologies, hence bolstering the industry growth. Governments in the region are extensively deploying access control services to boost their security and prevent the leakage of confidential data, which is augmenting industry growth. With the high penetration of devices like smartphones, tablets, and laptops, among others, and the increasing interconnectedness, the use of access control is significantly surging, hence providing further impetus to the growth of the market.
Honeywell International Inc (NASDAQ: HON), one of the leading companies in the market, entered a strategic alliance with IDEMIA in February 2021 to cultivate and create an intelligent building ecosystem. The system provides an enhanced and seamless experience for both operators and occupants by deploying building management systems and biometric-based access control systems to create safer and more efficient buildings. The alliance would allow occupants to securely and easily have contactless engagement with buildings while enhancing the focus on more efficient and safer experiences. Such alliances are boosting the security of buildings, which is augmenting the growth of the access control industry.
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The major players in the global access control market are 3M Cogent Inc., Hanwha Techwin Co., Ltd., Thales group, Honeywell International Inc, Johnson Controls, Inc., Bosch Security Systems, LLC., Allegion PLC, and Identiv, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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