- In June 2024, Control iD, a provider of access control systems, partnered with Paravision, an AI software company, to launch its latest product, iDFace Max, featuring facial identification technology. The iDFace Max stands out with advanced facial recognition, a durable design, seamless connectivity, and embedded web-based software
- In June 2024, Carrier Global Corporation, a leader in intelligent climate and energy solutions, finalized the sale of its security division, Global Access Solutions, to Honeywell International Inc. The transaction was completed with an enterprise value of USD 4.95 billion
- In February 2024, Hangzhou Hikvision Digital Technology Co., Ltd., a manufacturer of video surveillance equipment, introduced its 2nd generation professional access control system to enhance access management capabilities. The upgraded system offers key features such as easy web-based management, flexible authentication options, and professional access applications
- In June 2023, Thales announced the acquisition of Tesserent, marking a strategic step in advancing its cybersecurity development roadmap. This acquisition is designed to provide the company with a comprehensive suite of cybersecurity solutions and services tailored for medium and enterprise-level businesses, while also supporting its expansion in Australia and New Zealand amid an expected double-digit market growth through 2026
- In April 2023, Honeywell International Inc. launched the Morley-IAS Max fire detection and alarm system, demonstrating its commitment to improving building and occupant safety. This addition to its product portfolio strengthens its market presence while attracting new customers, driving accelerated revenue growth
- In March 2023, Axis Communications and Genetec Inc. collaborated to introduce Axis, an enterprise-level access control solution. This innovation combines Genetec’s access control software with Axis network door controllers into a single, streamlined package, simplifying deployment. As the first solution of its kind, Axis leverages Genetec’s technology to provide integrated security, public safety, operational, and business intelligence solutions
Frequently Asked Questions
The market is segmented based on Segmentation, By Technology (Authentication System, Detection Systems, Alarm Panels, Communication Devices, and Perimeter Security Systems), Component (Hardware and Software), Vertical (Commercial, Military and Defense, Government, and Others), Service (Installation and Integration, Maintenance and Support, and Access Control as a Service (ACaaS)) – Industry Trends and Forecast to 2032
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The Global Access Control Market size was valued at USD 18.01 USD Billion in 2024.
The Global Access Control Market is projected to grow at a CAGR of 8.5% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
