Market Share of Latin America Card-based Access Control Industry
The Latin American card-based access control market has various major players that have been using various strategies, such as new product launches, joint ventures, expansions, partnerships, acquisitions, etc., to increase their footprints in this market, which intensifies market rivalry. The market is semi-consolidated. Some of the key players are ADT LLC, Allegion PLC, ASSA ABLOY AB, HID Global Corporation, and Axis Communications AB.
- June 2024: Honeywell completed the acquisition of Carrier Global Corporation's Global Access Solutions business for USD 4.95 billion. This move cements Honeywell's status as a leading provider of security solutions for the digital age, paving the way for accelerated innovation in the fast-growing cloud-based services and solutions industry. Furthermore, this transaction reinforces Honeywell's strategic alignment around three key megatrends, including automation, and complements its Building Automation segment.
- January 2024: SecuGen revealed its latest product, the SecuGen IQ SC1 contact smart card reader. This marks the company's debut in the standalone smart card reader market. The reader is equipped with a USB full-speed interface and is capable of reading and writing smart cards at a maximum speed of 600 kbps. According to the company, the device has a lifespan of up to 200,000 card insertion cycles.
Latin America Card-based Access Control Market Leaders
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ADT LLC
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Allegion plc
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ASSA ABLOY AB
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HID Global Corporation
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Axis Communications AB
*Disclaimer: Major Players sorted in no particular order
