Qatar‘s economy has continuously shown a promising growth over the years and is anticipated to witness tremendous infrastructure development owing to upcoming FIFA World Cup 2022. To build the infrastructure for the mega event, a whopping $300 billion would be invested in the country across various sectors. To improve the security for these rising infrastructures, demand for security systems such as access control systems is exhibited to increase.
According to 6Wresearch, Qatar Access Control Market is forecast to grow at a CAGR of 12.52% during 2015-21, driven by growing infrastructure development, restricting unauthorized access and increasing security & IT spending.
According to “Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch,” Card Reader access control system would continue to dominate the access control market, since contactless card reader systems are highly deployed in hospitality, retail, commercial and banking sectors in the country.
“During the forecast period, market for biometric access control system is expected to propel due to higher reliability and security. Also, adoption of hybrid access control systems is anticipated, which includes both biometric and card reader feature. In biometrics access control market, fingerprint technology based systems have captured lion share and would maintain its dominance through the forecast period,” Samuel further added.
According to “Sathi Paul, Research Associate, Research and Consulting, 6Wresearch,” Qatar Access Control Market is anticipated to grow in the future on account of various projects such as Football Stadiums, Pearl Qatar , Doha Metro, Airport City Project, Lusail City and several new hotel projects.
Furthermore, commercial office segment accounted the largest share in the access control market, followed by government & transportation segment. Apart from these two applications, hospitality sector highly installs access control systems and with the construction of new hotels for accommodating the visitors during World Cup, demand for access control systems would increase in the coming years,” Sathi concluded.
Some of the major companies in Qatar’s Access Control Market include Bosch, HID, Honeywell, Lenel Systems and Siemens.
“Qatar’s Access Control Market (2015-2021)” provides in-depth analysis with 61 figures and 21 tables covered in 130 pages. The report estimates and forecast overall Qatar’s access control market by revenue, volume, types, and applications such as banking & financial, government & transportation, commercial offices, retail & logistics, industrial & manufacturing, residential, hospitality & healthcare and educational institutions. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.