The Asia Pacific Access Control as a Service (ACaaS) Market would witness market growth of 16.4% CAGR during the forecast period (2022-2028).
Access Control as a Service assists financial departments greatly in reducing overhead and mitigating risk for stakeholders by doing away with the requirement for additional staff or outsourced IT assistance. This scalable service has a reduced total cost of ownership (TCO) overall because it also has lower operating costs and predictable liability exposure.
With the use of machine learning and artificial intelligence, facial recognition technology is fast developing. When combined with deep learning technologies, facial recognition access control systems can work exceptionally well at identifying and matching faces. They can be linked with almost any current access control system.
Particularly in nations with a developed cloud ecosystem, like Japan, there has been an increase in demand for controlled cloud and professional services. In addition, as the IoT (Internet of Things) gains popularity, the cloud plays an important role in enabling the creation and distribution of IoT applications. To deal with the data explosion, more businesses in Asia-Pacific are redesigning their networks and implementing cloud services.
The China market dominated the Asia Pacific Access Control as a Service (ACaaS) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $135.7 million by 2028. The Japan market is estimated to grow a CAGR of 15.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 17.1% during (2022 - 2028).
Based on Service Type, the market is segmented into Hosted, Managed and Hybrid. Based on Cloud Deployment Model, the market is segmented into Public, Private and Hybrid. Based on Vertical, the market is segmented into Commercial, Government, Manufacturing & Industrial, Healthcare, Education, Residential, Transportation and Retail & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Access Control as a Service (ACaaS) Market is Projected to reach USD 2.3 Billion by 2028, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Thales Group S.A., Assa Abloy AB, Dormakaba Holding AG, Identiv, Inc., Microsoft Corporation, Cisco Systems, Inc., Honeywell International, Inc. (Honeywell Commercial Security), AMAG Technology, Inc. (G4S PLC), and Brivo Systems LLC.
By Service Type
By Cloud Deployment Model
By Vertical
By Country
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