The Access Control Market is expected to reach $19.6 billion by 2031, at a CAGR of 10.6% from 2024 to 2031. The growth of the access control market is driven by the rising demand for advanced access control devices, growing safety & security concerns related to unauthorized access, and the increasing number of smart home projects around the world. However, the high initial costs of deployment limit the adoption of access control systems, restraining the growth of this market.

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