About Access Control
Access control, a security technique that limiting the access to a system or to physical or virtual resources. In others words, it is the practice of monitoring and controlling access to a building or property using modern electronic means, as opposed to traditional locks and keys. Modern access control utilizes electronic credentials or biometric recognition to grant or deny access to a facility. The market growth can be directly linked to the growth of the commercial sector and increased security threats across the world. The adoption of access control systems is growing in the existing and potential market segments, such as banking and finance, enterprises, retail, and hospitality.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 7.5% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Access Control market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SSA ABLOY AB (Sweden), Johnson Controls International plc (Ireland), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (United States), Identiv, Inc. (United States), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Bosch Security Systems Inc. (United States), Gemalto N.V. (Netherlands) and NEXT Biometrics Group ASA (Norway) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Access Control market by Type (Physical Access Control, Electronic Access Control, Logical Access Control, Network Access Control and Mobile Access Control) and Region.
On the basis of geography, the market of Access Control has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service & Component Type, the sub-segment i.e. Hardware will boost the Access Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Enterprises and Data Centers will boost the Access Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Model Type, the sub-segment i.e. Discretionary Access Control (DAC) will boost the Access Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Access Control as A Service (ACaaS) and Growth of IoT-Based Security Systems With Cloud Computing Platforms
Market Growth Drivers:
High Adoption of Access Control Solutions Owing to Increasing Crime Rates Globally and Technological Advancements and Deployment of Wireless Technology in Security Systems
Challenges:
Security Concerns Related to Unauthorized Access and Data Breach in Access Control Environment
Restraints:
High Cost and Perception of Unreliability and Less Awareness Among Users About Advanced Security Solutions
Opportunities:
Implementation of Mobile-Based Access Control and Increasing Urbanization in Emerging Countries
Market Leaders and their expansionary development strategies
In September 2018, ASSA ABLOY AB (Sweden) acquired Crossmatch (US), one of the leading providers of biometric identity management and secure authentication solutions. This acquisition will enhance ASSA´s position as the world’s one of the leading biometric companies and provides complementary growth opportunities.
In March 2019, NEXT biometrics partnered with UniComm, an IT security developer and integrator, which will sell its biometric access control solutions in the Russian market. NEXT’s fingerprint scanning technology will help UniComm to meet its customers’ demand for best-in-class solutions which help them master today’s challenges and stay ahead of the curve
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance.
Key Target Audience
Access Control System Manufacturers, Component Manufacturers, Service Providers, System Integrator, Government Organisation, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.