The global access control market constitutes a comprehensive ecosystem of security solutions designed to regulate and monitor entry to physical and digital spaces. Primarily driven by the imperative to enhance security measures across various industries, access control systems employ a range of technologies, including biometrics, smart cards, and electronic locks. These systems facilitate authorized personnel entry while preventing unauthorized access, thereby safeguarding assets and sensitive information. As global security challenges persist, the access control market remains pivotal in fortifying defenses against unauthorized access and potential security threats.
Data Bridge Market Research analyses that the Global Access Control Market which was USD 15.3 billion in 2022, is expected to reach USD 29.39 billion by 2030, and is expected to undergo a CAGR of 8.5% during the forecast period of 2023 to 2030.
" Cloud computing advancements drive the market growth"
As network platforms rapidly evolve, cloud computing technology becomes integral to computer management systems. However, this advancement introduces diverse cloud security issues. To address these concerns and safeguard cloud resources, the implementation of robust access control technology is crucial. This technology ensures controlled and secure access within cloud computing environments, mitigating risks associated with unauthorized entry and fortifying the overall security posture in the rapidly evolving landscape of cloud-based systems.
What restraints the growth of the global access control market?
" Limited awareness hamper the market growth"
Limited awareness regarding advanced security solutions hampers market growth. Inadequate understanding among users and professionals about the availability and benefits of these solutions poses a significant constraint. The absence of widespread knowledge about the application and scope of advanced security measures in daily life becomes a major impediment, hindering the market's potential expansion.
Segmentation: Global Access Control Market
The global access control market is segmented on the basis of technology, component, vertical, and service.
- On the basis technology, the global access control market is segmented into authentication system, detection systems, alarm panels, communication devices, and perimeter security systems
- On the basis of component, the global access control market is segmented into hardware, and software
- On the basis of vertical, the global access control market is segmented into commercial, military and defense, government, and others
- On the basis of service, the global access control market is segmented into installation and integration, maintenance and support, and access control as a service (ACaaS))
Regional Insights: North America dominates the Global Access Control Market
North America dominates the global access control market due to rising cyber and malware threats, the presence of numerous government and security agencies, and the widespread adoption of advanced security measures. The region's proactive approach, transitioning from traditional passwords to biometric authentication, and the deployment of cloud-based Identity and Access Management (IAM) solutions contribute to its market dominance. These factors collectively position North America as a key influencer, steering the trajectory of the global access control market in response to evolving cybersecurity challenges.
Recent Developments: Global Access Control Market
- In June 2023, Thales announced the acquisition of Tesserent to bolster its cybersecurity development, enabling a comprehensive suite of solutions for medium and enterprise-level organizations, and facilitating business expansion in Australia and New Zealand amid anticipated double-digit market growth through 2026
- In April 2023, Honeywell International Inc. introduced the Morley-IAS Max fire detection and alarm system, enhancing its product portfolio. This innovative system contributes to improved building and occupant safety, attracting new customers and propelling revenue growth for the company
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The Prominent Key Players Operating in the Global Access Control Market Include:
- SSA ABLOY (Sweden)
- Johnson Controls (U.S.)
- dormakaba Group (Germany)
- Allegion plc (Ireland)
- Honeywell International Inc. (U.S.)
- Nedap N.V. (Netherlands)
- Identiv, Inc. (U.S.)
- SUPREMA (South Korea
- IDEMIA (France)
- Thales (France
- AMAG Technology (U.S.)
- Gunnebo AB (Sweden)
- NEC Corporation (Japan)
- Napco Security Technologies, Inc. (U.S.)
- HID Global Corporation (U.S.)
- Vanderbilt Industries (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global access control market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Access Control Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
