The mobile access control platform market in Europe is expected to grow from US$ 35.54 million in 2019 to US$ 233.82 million by 2027; it is estimated to grow at a CAGR of 27.5% from 2020 to 2027.
The Germany, France, Italy, UK, and Russia are major economies in Europe. Rising demand for connected security systems has gained momentum over the past few years. IoT technology is increasing swiftly and it comes in a broad spectrum of different ecosystems, with numerous requirements and capabilities. Several manufacturers have embraced IoT and the desire for innovative security to offer consumers with the advanced security for an authorized and a guest user. Several businesses are introducing systems, which offer enhanced security systems in order to incorporate IoT in the overall smart home security environment. Smart locks leverage IoT-based sensors in order to run keyless entry devices, which enables users to access doors remotely through a smartphone. IoT based locks allow users to receive notifications whenever the door is opened and immediately alert users in case of unexpected entries. Developed countries, such in Europe, have invested substantially in the research and development activities, thus, contributing to the growth of IoT technologies. Such trending technologies create huge opportunities for IoT security providers to integrate their solutions with smart lock devices for enhanced security. Thus, the growth in the rising demand for connected security systems is expected to create a significant demand for mobile access control platform in the coming years, which is further anticipated to drive the market in Europe.Due to the COVID-19 outbreak, Italy, Spain, Germany, UK, and France are some of the worst affected member states in the European region. The ongoing crisis and situation will impact the Europe mobile access control platform market growth negatively. Businesses in the Europe region are facing severe economic difficulties as they either had to suspend their operations or substantially reduce their activities. The Europe region is one of the major manufacturing and industrial hub for sectors such as construction sector. Due to business shutdown, travel bans, and supply chain disruptions, the Europe region is anticipated to an economic slowdown in 2020 and most likely in 2021. However, the demand for mobile access control platform is likely to only be minimally impacted in 2020, since various companies are progressively starting their business. Furthermore, the mobile access control platform will gain more significance after the coronavirus pandemic since it is a contactless technology.
With the new features and technologies coming in Europe mobile access control platform market, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe mobile access control platform market. The Europe mobile access control platform market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Mobile Access Control Platform Market Segmentation
Europe Mobile Access Control Platform Market – By Technology
- Bluetooth
- NFC
Europe Mobile access control platform Market – By Application
- Commercial
- Offices
- Others
- Automotive
- Others
Europe Mobile Access Control Platform Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Mobile Access Control Platform Market – Company Profiles
- Kisi Inc
- BlueID
- YPTOKEY
- Proxy Inc
- Remotelock
- Salto System
- Brivo Systems LLC
Europe Mobile Access Control Platform Report Scope
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 35.54 Million |
Market Size by 2027 | US$ 233.82 Million |
Global CAGR (2020 - 2027) | 27.5% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Technology
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
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- Kisi Inc
- BlueID
- YPTOKEY
- Proxy Inc
- Remotelock
- Salto System
- Brivo Systems LLC


