Worldwide Mobile Access Control Platform Industry to 2027 - by Technology and Application - ResearchAndMarkets.com

Worldwide Mobile Access Control Platform Industry to 2027 - by Technology and Application - ResearchAndMarkets.com

The "Mobile Access Control Platform Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology and Application" report has been added to ResearchAndMarkets.com's offering. According to this report the market was valued at US$ 122.1 million in 2019 and is projected to reach US$ 782.0 million by 2027; it is expected to grow at a CAGR of 27.1% from 2019 to 2027. The report highlights the key factors driving the market growth, and prominent players and their developments in the market. The mobile-based access control apps offer secured access to rooms, buildings and different areas to users via mobile access control, with just a few clicks on their mobile devices, such as smartphones, tablets, and wearable devices. Increase in penetration of smartphones, implementation of the Internet of things (IoT), and rise in concern related to security and privacy are boosting the adoption of mobile access control solutions. Rising consumer awareness regarding advantages of advanced security solutions is anticipated to positively influence the demand for mobile-based access control platforms worldwide. Technologies used in mobile access control platforms include Bluetooth and Near Field Communications (NFC). The use of contactless applications and technologies, such as Bluetooth and NFC, is continuously surging across the world. Companies are progressively concerned about the security and protection of their physical environment. Thus, various commercial buildings and automotive manufacturers are highly engaged in implementing such technologies in their systems. These factors lead to the growth of the mobile access control platform market since these technologies are employed ...
More on: finance.yahoo.com