The Global Access Control Market size is expected to reach $16.2 billion by 2029, rising at a market growth of 8.1% CAGR during the forecast period.
Access Control is a strategy to increase the security of any computing system by preventing unauthorized users from accessing certain resources. It includes both logical access and physical access. At the same time, physical access control restricts physical IT assets, buildings, and campuses, and logical access control links with system files, data, and computer networks. The access control solution comprises confirming a person's identification using biometrics or access cards and confirming this with any business entities to authorize access.
The main drivers of market expansion are the escalating security concerns for data security and the expanding penetration of cyber threats. Further factors boosting market expansion include the growing use of wireless technology & electronic devices. In addition, the development of the Internet of Things for cloud computing, connected devices, and blockchain technology due to technological advancements helps to impose a favorable outlook on the market.
The standard for security is raised in many applications by using biometrics with mobile devices. The market for access control is expected to grow due to smartphones' support for biometrics, which will also improve consumer convenience and security. By protecting workers from potential occurrences in workplaces or other locations, access control systems serve as security for employers and employees. To increase accountability, the system also provides for log keeping. The improvement of office environment safety and security is a result of the use of access control systems.
The need for connected access control systems for houses that can be accessed remotely is driven by the expanding uptake of cutting-edge home solutions. Touchless visitor control through video intercom fast gains popularity as a desirable option for residential complexes worldwide, but mostly in the US. Even when tenants are not at home, these systems allow them to appear to be there. Property managers can boost their security due to a new building operating level called video intercom access control. Moreover, increasing security while lowering costs is crucial across numerous industry verticals as frauds, cyberattacks, and government authentication regulations continue to expand in reach and sophistication.
The COVID-19 pandemic is the spark for quickening this improvement, the global IT sector is moving faster to improve its security techniques and capabilities. The need for sophisticated technologies and authentication has increased due to the phenomenal development in cyberattacks or phishing assaults brought on by working from home. It will mark a turning point in the widespread usage of strong authentication techniques to protect valuables and sensitive data. In addition, the demand for multistep verification & authentication systems is increasing due to the developing digital infrastructure, fueling the expansion of the access control market.
The ability to manage numerous sites with a single system has made adopting cloud-based solutions an emerging trend. This system may simply manage all-access levels. The need for these solutions is developing due to increasing physical & logical security concerns in manufacturing and industrial facilities. Defense and military organizations, manufacturing facilities, and industrial plants continually use remote security solutions. Additional important factors pushing the use of cloud-based systems are real-time and remote access revocation, zero downtime, continuous data backups, quick production evolution, and continual security updates. This grown reliance on cloud-centered applications is estimated to support the growth of the access control market.
Multifactor or multimodal identification systems are becoming increasingly important to the process of gaining digital access. With the increased need for security, multifactor authentication has recently received much attention. The physical security that is based on a system of two-factor authentication is necessary for many different industries, including the oil and gas industry, utility businesses, power plants, and other key infrastructure. In addition, customers from businesses that require a higher level of protection are increasingly adopting the multifactor authentication method. This would further support the market's expansion.
Security as a cloud service provider offers security as a service to help them manage their infrastructure and resources, thereby assisting them in lowering their costs and improving the speed and efficiency with which they deliver their services. Several different suppliers each offer a vast selection of cloud services, many of which can be purchased at a reduced cost or obtained as part of service bundles free of charge. In addition, free access control services expose users to potential dangers, including account or service hijacking, insecure interfaces and APIs, and technological weaknesses, particularly when used in shared environments. As a result of this, the availability of free access control services is a factor that slows down the growth rate of the access control market.
Based on offering, the access control market is segmented into hardware, software, and services. The hardware segment held the highest revenue share in the access control market in 2022. This is because the hardware sales-driven business model is becoming increasingly popular. Companies now control access for visitors and staff due to acknowledging the necessity for security. Smart cards, wireless lock systems, portable hand-held card readers, biometric applications, and encrypted door controls are just a few examples of integrated hardware solutions that improve security and safeguard people, property, and assets.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.
On the basis of vertical, the access control market is fragmented into commercial, military & defense, government, education, healthcare, manufacturing & industrial, and transportation. In 2022, the government segment projected a prominent revenue share in the access control market. When a terrorist attack or criminal activity occurs, access control systems enable quick and efficient real-time responses. Enhancing the security and safety of the government and the defense sector also greatly benefits from using smart cards, biometric devices, and electronic gadgets for greater security and authentication. Access control systems are also used in highly restricted areas, nuclear power plants, and commercial buildings to safeguard employees and assets. The growth of the segment is driven by these elements.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 9.5 Billion |
| Market size forecast in 2029 | USD 16.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2029 |
| Revenue Growth Rate | CAGR of 8.1% from 2023 to 2029 |
| Number of Pages | 283 |
| Number of Table | 433 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Offering, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the access control market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the access control market by generating the highest revenue share. Investment in wireless systems or security solutions has contributed significantly to this dominance. The established surveillance infrastructure is driving up interest in wireless access control systems. In addition, a mobile access control system is required because the entire population of the United States utilizes smartphones. Widespread adoption of cloud computing and Internet of Things (IoT)-based systems also fuel market expansion.
Free Valuable Insights: Global Access Control Market size to reach USD 16.2 Billion by 2029
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Honeywell International, Inc. is the forerunner in the Access Control Market. Companies such as Johnson Controls International plc, Assa Abloy AB, and Thales Group S.A. are some of the key innovators in Access Control Market.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Johnson Controls International plc, Assa Abloy AB, Dormakaba Holding AG, Allegion Plc, Honeywell International, Inc. (Honeywell Commercial Security), Identiv, Inc., Nedap N.V., Suprema, Inc., Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH) and Thales Group S.A.
By Offering
By Vertical
By Geography
This Market size is expected to reach $16.2 billion by 2029.
Multifactor & multimodal authentication is becoming more popular are driving the market in coming years, however, Accessibility of free access control services restraints the growth of the market.
Johnson Controls International plc, Assa Abloy AB, Dormakaba Holding AG, Allegion Plc, Honeywell International, Inc. (Honeywell Commercial Security), Identiv, Inc., Nedap N.V., Suprema, Inc., Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH) and Thales Group S.A.
The expected CAGR of this market is 8.1% from 2023 to 2029.
The Commercial segment is leading the Market by Vertical in 2022 thereby, achieving a market value of $5 billion by 2029.
The North America market dominated the Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $5.4 billion by 2029.
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