- 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 major challenges in the access control market include high implementation and maintenance costs, concerns over cybersecurity threats and data breaches, integration issues with legacy systems, technical complexities in AI-powered authentication, and lower adoption rates in developing regions due to infrastructure limitations and affordability issues.
The authentication system segment is expected to dominate the global access control market, holding a major market share in 2025.
