Wireless Access Control Market: Rising Concerns about Security to Propel Growth
Transparency Market Research states that the competitive landscape present in the global wireless access control market is highly fragmented. The prominent players in the global market are Bosch Security System, Johnson Controls Plc, ASSA ABLOY Group, Salto Systems K.S, and Dormakaba Holding AG. Of these, Dormakaba Holding AG and ASSA ABLOY Group held a leading share in 2016. Companies are expected to make result-oriented investments in expanding their business in the near future. Developing markets of the world are expected to offer several lucrative opportunities to the companies operating in the global wireless access control market. The upcoming residential and commercial segments of emerging economies are expected to create a new platform for expansion of the global wireless access control market. According to Transparency Market Research, the global wireless access control market is likely to be worth US$1,657.0 mn by the end of 2025 from US$830.37 mn in 2016. During the f...