The access control industry enjoyed growth, albeit by a smaller margin than originally predicated, last year, and the growth trend is expected to grow in 2017, according to market research firm IHS Markit.
The access control industry enjoyed growth, albeit by a smaller margin than originally predicated, last year, and the growth trend is expected to grow in 2017, according to market research firm IHS Markit.
According to Blake Kozak, Principal Analyst at IHS Markit, the global access control market grew 6.1 percent in 2016, about 1 percent slower than originally forecast, due to underperforming countries such as Brazil, Russia, Latin America (except Mexico) and China, which only grew by 8.5 percent in 2016. The countries/regions that outperformed the rest in 2016 were the Middle East, Poland, Africa, India and Vietnam, he said.
Vertical markets that experienced growth above 9 percent in 2016 included educ...
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