Increasing urbanization in emerging economics provides major opportunities for the growth of the access control reader market. The growth of this market is mainly driven by the high demand for enhanced security contactless interfaces to boost adoption of smart cards and increased convenience, enhanced security identity management, and improved human resource management. The overall access control reader market is expected to grow from USD 3.0 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 12.5%.
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