Published By : 15 Dec 2016 | Published By : QYRESEARCH
Government and business operations, both face complicated security challenges today. Two of the key concerns of access control and authentication include, protection of people, property, and information, and a need to prevent crimes. At present there is a huge need for effective security solutions, which can fight criminal activities as it has become a critical issue across the globe. The growing need for security of information, personnel, and infrastructure is estimated to create a heightened demand for products that are innovative and offer enhanced security. Countries across the globe have designed compliances and policies for security, boosting investments in security. This is expected to ensure the growth of the market in the coming years.
There is a high demand for access control and authentication solutions in airports as they constantly face threats of crime and terror. The amount of data generated in business organizations is increasing and this is increasing the need to control access to this sensitive data. It is important for all organizations to safeguard their intellectual property and financial information, so as to hold their company image. This becomes difficult owing to complexity of attacks prevalent these days. Thus, the market for access control and authentication is expected to flourish in the coming years.
High Costs of Implementing Access Control and Authentication to Hinder Market
The high installation cost of access control and authentication systems is expected to act as a major hindrance for an increased adoption of these systems. There are many cost sensitive economies, for which high cost of access control and authentication becomes a major issue. Under developed nations and developing nations find it unaffordable to invest high amounts for security. In addition to this, the limited money flow in underdeveloped nations leads to poor infrastructure facilities, acting as a barrier. Both these factors are expected to restrain the market’s growth in the coming years.