Market Forecast By Types (Hardware, Software), By Technology (Authentication, detection, Alarm Panels, Communication Devices, Perimeter Security Systems), By Applications (Homeland Security, Commercial, Industrial, Residential) And Competitive Landscape
Product Code: ETC013556 | Publication Date: Oct 2020 | Updated Date: May 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, Italy was the largest exporter in terms of value, followed by France. It has registered a growth of 41.68% over the previous year. While France registered a decline of -80.64% over the previous year. While in 2017 India was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Nepal has a Herfindahl index of 2566 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 2139 which signifies moderately concentrated in the market
The Nepal Access Control Market report thoroughly covers the market by types, technology, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Nepal Access Control Market is proliferating at a considerable rate in the country due to some ongoing latest trends & opportunities such as rising demand for biometric access control systems being used across various end sectors and companies investing heavily in the R&D practices to produce smart & efficient access control systems to facilitate better access control. Furthermore, cloud-based access control solutions are widening the market portfolio in the country with the increase in internet device use and this technology allows users to manage remotely with greater flexibility. Furthermore, there has been a surge in demand for mobile-based access control technology that has been used widely in organizations such as traditional key cards or PINs being replaced with mobile credentials due to their convenience is estimated to surge the growth of the Nepal Access Control industry in the coming years substantially.
Nepal Access Control Market is estimated to witness sound revenue in the coming years underpinned by the increasing adoption of smart technologies such as biometric authentication and RFID cards backed by an increased digitized infrastructure. Additionally, the high cost of smart access control systems leads to restricting some users to spend on purchasing access control systems which can leave a negative impact on market growth. Nonetheless, the rising awareness among the population about the access control systems effectiveness leads to a surging adoption rate of the access control systems and this is estimated to widen the market landscape at a substantial rate.
According to 6Wresearch, the Nepal Access Control Market size is estimated to register a sound growth during 2020-2026. The market has been driven by the rising shift towards using cloud-based control systems to remotely manage their operations. Additionally, many businesses are seeking out modernized access control system solutions to perform their operations effectively & efficiently is likely to drive the sales of advanced access control systems and is further resulting in a Nepal Access Control Market growth of the market in the coming years. On the other hand, some challenges such as lack of standardization and compatibility with existing & poor infrastructure are impeding the market growth. However, several ongoing opportunities & trends are bolstering the product demand including, rising replacements of existing access control systems with smart technology-based systems with the growing security awareness across various industries is estimated to leave a positive impact on the market growth.
The COVID-19 pandemic had a mixed impact on the Nepal Access Control Market. Although businesses and industries had shut down caused of the pandemic lockdown which had reduced the hardware access control systems especially and this had further affected the market growth. On the other side, work-from-home measures gained caused by the pandemic lockdown had increased the need for remote managing access control system solutions i.e. cloud-based access control systems coupled with cyber security solutions had also surged backed by the high crime rates. These factors had secured a slight demand for access control software systems. Overall, the market has seen a slight growth.
Below are mentioned some key players in the market that have gained popularity in the country with their strong market presence:
Based on the types, both types are experiencing major growth in the market underpinned by the rising adoption rate of both across various industries. Hardware has traditionally been used, whereas, software access control systems are rising owing to the increased internet devices and artificial intelligence.
Based on the technology, each technology is witnessing growth in the country due to they are being used to serve different purposes across the sectors and commonly they facilitate accurate control with high reliability.
According to Nitesh Kumar, Research Manager, 6Wresearch, each sector is driving the access control system adoption depending on the requirement as the rising security concern and awareness about the use of smart technology-enabled security systems. Hence, every sector is equally bolstering access control system demand.
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The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nepal Access Control Market Overview |
3.1 Nepal Access Control Market Revenues & Volume, 2016 - 2026F |
3.2 Nepal Access Control Market - Industry Life Cycle |
3.3 Nepal Access Control Market - Porter's Five Forces |
3.4 Nepal Access Control Market Revenues & Volume Share, By Types, 2019 & 2026F |
3.5 Nepal Access Control Market Revenues & Volume Share, By Technology, 2019 & 2026F |
3.6 Nepal Access Control Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Nepal Access Control Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nepal Access Control Market Trends |
6 Nepal Access Control Market Segmentation |
6.1 Nepal Access Control Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Nepal Access Control Market Revenues & Volume, By Types, 2016 - 2026F |
6.1.3 Nepal Access Control Market Revenues & Volume, By Hardware, 2016 - 2026F |
6.1.4 Nepal Access Control Market Revenues & Volume, By Software, 2016 - 2026F |
6.2 Nepal Access Control Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Nepal Access Control Market Revenues & Volume, By Authentication , 2016 - 2026F |
6.2.3 Nepal Access Control Market Revenues & Volume, By detection , 2016 - 2026F |
6.2.4 Nepal Access Control Market Revenues & Volume, By Alarm Panels, 2016 - 2026F |
6.2.5 Nepal Access Control Market Revenues & Volume, By Communication Devices, 2016 - 2026F |
6.2.6 Nepal Access Control Market Revenues & Volume, By Perimeter Security System, 2016 - 2026F |
6.3 Nepal Access Control Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Nepal Access Control Market Revenues & Volume, By Homeland Security, 2016 - 2026F |
6.3.3 Nepal Access Control Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.3.4 Nepal Access Control Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.3.5 Nepal Access Control Market Revenues & Volume, By Residential, 2016 - 2026F |
7 Nepal Access Control Market Import-Export Trade Statistics |
7.1 Nepal Access Control Market Export to Major Countries |
7.2 Nepal Access Control Market Imports from Major Countries |
8 Nepal Access Control Market Key Performance Indicators |
9 Nepal Access Control Market - Opportunity Assessment |
9.1 Nepal Access Control Market Opportunity Assessment, By Types, 2019 & 2026F |
9.2 Nepal Access Control Market Opportunity Assessment, By Technology, 2019 & 2026F |
9.3 Nepal Access Control Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Nepal Access Control Market - Competitive Landscape |
10.1 Nepal Access Control Market Revenue Share, By Companies, 2019 |
10.2 Nepal Access Control Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |