Access Control Market Size, Share, Opportunities, And Trends By Product (Hardware (Biometrics, Cards And Readers, Mobile Phones, Others), Software), By Service (Installation And Integration, Support And Maintenance, Professional Services), By Deployment (Cloud, On-premise), By End User Industry (Telecommunication, BFSI, Government, Healthcare, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : Sep 2024
  • Report Code : KSI061610213
  • Pages : 114
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The access control market is evaluated at US$8.828 billion in 2024, growing at a CAGR of 8.13%, reaching a market size of US$13.052 billion by 2029.

Access control is a security system that regulates who or what can enter a system, an environment, or a building. It restricts entry to the system or physical or virtual resources. In computing, access control is how users can be granted or refused access to systems, resources, data, and particular rights. These control systems perform identification authentication and authorization of users by evaluating login credentials that include passwords, personal identification numbers, biometric scans, security tokens, and others. The key purpose is to grant entrance to a system or building only to authorized personnel.

The public and private sectors' growing concerns about security have led to a high adoption rate of cutting-edge technology. Demand is being driven by the automated systems' round-the-clock protection and accessibility in both residential and commercial spaces. Additionally, software as a service (SaaS) and on-premises device benefits are combined with access control as a service (ACaaS). These solutions are becoming more and more popular because they offer remote, secure data storage as well as data backup capabilities. The increasing demand for the ACaaS solution is due to its ability to keep permanent records of previous accesses. The entry of cloud computing and wireless access points into the security industry, along with its rapid transformation, is expected to drive demand for access control systems. The need for physical security will also be fueled by the growing number of smart buildings, smart homes, and smart infrastructure initiatives. New opportunities for advanced technologies are being created by the increasing use of cloud computing platforms, the growing prevalence of wireless security systems, and rising crime rates.

Access Control Market Drivers:

  • Security concerns and regulatory compliance

The interconnectedness of our world has demanded serious attention to security issues. Organizations are investing more in access control systems because cyber attacks, data breaches, and physical security risks have become rampant. Be it for safeguarding people’s safety and physical belongings or guarding sensitive information, access control is a major section of any all-encompassing security scheme. More so, there are rigorous stipulations for access management in various sectors, including government, finance, and healthcare, which are put forward by industry-specific regulations and regulatory bodies. For instance, GDPR, PCI DSS, and HIPAA command that good access management policies be in place to comply with its provisions. Consequently, there is an increase in the scope of the market for access control in response to this requirement.

  • Technological advancements and IoT integration

Due to technological advancements that increase system flexibility, user-friendliness, and compatibility with emerging products, the access control market is changing. This sector is growing due to the application of biometrics, cloud-based solutions, and the integration of IoT. Their accuracy and ease of use have led to their rising acceptance. Biometric identification techniques, including fingerprint or face recognition, are gaining more popularity every day. Because these technologies ensure that only those with permission can access them, they offer increased security. Access control systems can interact with other systems and devices through IoT integration, facilitating smooth automation and improved security. A fully formed security ecosystem can be achieved by integrating smart locks, access cards, building management systems, video surveillance, and alarms.

  • Increasing adoption of smart building solutions

The growing use of intelligent structures and IoT has led to increased market growth. Smart buildings combine different technologies to upgrade productivity, safety, and occupant comfort, thus making access control indispensable within such environments.

In addition to standard door entry, smart building access control systems also manage lighting, HVAC, and occupancy monitoring. Improved safety, energy conservation, and resource management are all made possible by this integration. Access control solutions are becoming increasingly popular among businesses and property owners who want to create safe and comfortable spaces. Personalized experiences for tenants, like touchless entry, individual climate control, and lighting customizations, are also made possible by smart access systems.

  • Increasing adoption of smart building solutions

Across several fields, companies are becoming more and more aware of the increasing importance of safeguarding their infrastructure, information and possessions against risks such as cyberattacks or physical breaches. Therefore, they are increasingly implementing robust access-control measures as a precautionary approach to mitigate risks and ensure comprehensive security protocols. Thus, there is a continuous increase in demand for access control solutions because of the urgency to fortify security systems in this digitalized and globalized era.

Access Control Market Restraints:

  • High cost of ownership

Buying an integrated access control system costs much more than simply buying it. These costs include software purchase and license renewal fees, hardware purchase costs, maintenance, and other hidden costs. For example, even though it may seem insignificant during the early stages of an investment in an access control system (ACS), the software can significantly raise the total cost of ownership (TCO) over its lifespan. Hence, small enterprises face many challenges in acquiring these ACSs.

Access Control Market Geographical Outlook

  • Asia Pacific is witnessing exponential growth during the forecast period

There has been a rapid growth in demand for access control systems throughout the Asia Pacific region due to economic development, which has led to demand for enhanced security measures in both the public and private sectors. Smart city development, together with urbanization as well as infrastructure growth, are key factors driving the use of access control systems globally, while Asia Pacific’s manufacturing industry adopts them heavily to secure their factories.

Access Control Market Key Launches

  • In February 2023, Trace-ID entered into an exclusive deal with Identiv Inc., a world leader in digital identification and security for the Internet of Things (IoT). Identiv’s manufacturing footprint can grow, its product range can increase, and it can become stronger as a global leader in specialty RFID technology through its partnership with Trace-ID. This partnership will also enable industrial UHF RFID solutions for by Identiv across multiple industries.
  • In January 2023, two members of the ASSA ABLOY Group, Assa Abloy AB and Abloy Oy, launched their ABLOY Key Deposit System, which allows access without keys. The system employs a Bluetooth Low Energy (BLE) connection to permit keyless entry into properties via smartphone. Thus, property managers can offer different user groups access to homes without unnecessary key logistics or access control through their phones through this deposit.

The Access Control market is segmented and analyzed as follows:

  • By Product
    • Hardware
      • Biometrics
      • Cards and Readers
      • Mobile Phones
      • Others
    • Software
  • By Service
    • Installation and Integration
    • Support and Maintenance
    • Professional Services
  • By Deployment
    • Cloud
    • On-premise
  • By End User Industry
    • Telecommunication
    • BFSI
    • Government
    • Healthcare
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • Spain
      • United Kingdom
      • Others
    • Middle East and Africa
      • UAE
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

The access control market is expected to reach the market size of US$13.052 billion by 2029.

The global access control market is expected to grow at a CAGR of 8.13% during the forecast period.

Access Control Market is valued at US$8.828 billion in 2024.

The burgeoning number of cybersecurity and data breach incidences coupled with innovations in technology are driving the demand for access control systems.

The Asia Pacific region holds a considerable share in the access control market and is poised to grow at a good CAGR during the forecast period.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. ACCESS CONTROL MARKET BY PRODUCT

5.1. Introduction

5.2. Hardware

5.2.1. Biometrics

5.2.2. Cards and Readers

5.2.3. Mobile Phones

5.2.4. Others

5.3. Software

6. ACCESS CONTROL MARKET BY SERVICE 

6.1. Introduction

6.2. Installation and Integration

6.3. Support and Maintenance

6.4. Professional Services

7. ACCESS CONTROL MARKET BY DEPLOYMENT 

7.1. Introduction

7.2. Cloud

7.3. On-premise

8. ACCESS CONTROL MARKET BY END-USER INDUSTRY 

8.1. Introduction

8.2. Telecommunication

8.3. BFSI

8.4. Government

8.5. Healthcare

8.6. Others

9. ACCESS CONTROL MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Product

9.2.2. By Service

9.2.3. By Deployment

9.2.4. By End-User Industry

9.2.5. By Country

9.2.5.1. United States

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Product

9.3.2. By Service

9.3.3. By Deployment

9.3.4. By End-User Industry

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Product

9.4.2. By Service

9.4.3. By Deployment

9.4.4. By End-User Industry

9.4.5. By Country

9.4.5.1. Germany

9.4.5.2. France

9.4.5.3. Spain

9.4.5.4. United Kingdom

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Product

9.5.2. By Service

9.5.3. By Deployment

9.5.4. By End-User Industry

9.5.5. By Country

9.5.5.1. UAE

9.5.5.2. Saudi Arabia

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Product

9.6.2. By Service

9.6.3. By Deployment

9.6.4. By End-User Industry

9.6.5. By Country

9.6.5.1. China

9.6.5.2. Japan

9.6.5.3. India

9.6.5.4. South Korea

9.6.5.5. Thailand

9.6.5.6. Indonesia

9.6.5.7. Taiwan

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Vanderbilt Industries

11.2. Gemalto NV

11.3. Honeywell International Inc

11.4. IDEMIA

11.5. Matrix Comsec Pvt. Ltd.

11.6. Brady Corporation

11.7. Tyco International

11.8. Protection One, a division of ADT LLC

11.9. NEC Corporation

11.10. Siemens

11.11. Hangzhou Hikvision Digital Technology Co., Ltd.

11.12. HID Global Corporation, an ASSA ABLOY Group

Vanderbilt Industries

Gemalto NV

Honeywell International Inc

IDEMIA

Matrix Comsec Pvt. Ltd.

Brady Corporation

Tyco International

Protection One, a division of ADT LLC

NEC Corporation

Siemens

Hangzhou Hikvision Digital Technology Co., Ltd.

HID Global Corporation, an ASSA ABLOY Group

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