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 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
Access Control Market Geographical Outlook
- Asia Pacific is witnessing exponential growth during the forecast period
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The Access Control market is segmented and analyzed as follows:
- By Product
- Hardware
- Biometrics
- Cards and Readers
- Mobile Phones
- Others
- Software
- Hardware
- 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
- North America
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. ACCESS CONTROL MARKET BY PRODUCT
6. ACCESS CONTROL MARKET BY SERVICE
7. ACCESS CONTROL MARKET BY DEPLOYMENT
8. ACCESS CONTROL MARKET BY END-USER INDUSTRY
9. ACCESS CONTROL MARKET BY GEOGRAPHY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
11. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this Access Control Market report include:- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 114 |
Published | September 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 8.83 billion |
Forecasted Market Value ( USD | $ 13.05 billion |
Compound Annual Growth Rate | 8.1% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |