Access Control Market Forecast, Trends, Scope by 2031
The access control market size is projected to reach US$ 17.85 billion by 2031 from US$ $ 11.20 billion in 2023. The access control market is expected to register a CAGR of 6% in 2023–2031. The market is expanding because of the growing demand for stronger security systems as well as widespread usage of the Internet of Things (IoT) and cloud computing platforms.
Access Control Market Analysis
Access control protects confidential information, such as customer data and intellectual property, from theft by malicious actors or other unauthorized users. It also decreases the danger of employee data exfiltration and protects against web-based threats. Rather than manually managing permissions, most security-conscious firms rely on identity and access management technologies to enforce access controls.
Access Control Market Overview
Access control is a security strategy that governs who or what can view or utilize resources in a computer environment. It is a core security concept that reduces risk to the company or organization. Access control is a critical component of security that governs who has access to specific data, apps, and resources—and under what conditions. Keys and preapproved visitor lists secure physical facilities, much as access control protocols do for digital spaces. In other words, they allow the right people in while keeping the bad people out. Access control policies rely heavily on techniques such as authentication and authorization, which enable organizations to explicitly verify that users are who they claim to be and that these users have the appropriate level of access based on context, such as device, location, role, and much more.
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Access Control Market: Strategic Insights
Market Size Value in US$ 6.05 Billion in 2017 Market Size Value by US$ 16.66 Billion by 2025 Growth rate CAGR of 13.2% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Access Control Market: Strategic Insights
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Market Size Value in | US$ 6.05 Billion in 2017 |
Market Size Value by | US$ 16.66 Billion by 2025 |
Growth rate | CAGR of 13.2% from 2018-2025 |
Forecast Period | 2018-2025 |
Base Year | 2018 |
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Access Control Market Drivers and Opportunities
Increasing the Usage of IoT-based Security Systems Using Cloud Computing Platforms to Favor Market
The rise of IoT-based security solutions and cloud computing is fueling demand for access control. Traditional access control systems, as opposed to cloud-based access control systems, frequently have restrictions and complications that might undermine their usefulness. With the introduction of IoT cloud-based access control systems, organizations now have access to cutting-edge solutions that provide unsurpassed security and convenience. Cloud-based IoT access control systems provide effortless integration with various hardware and infrastructure components. Whether it's facial recognition, RFID, QR codes, mobile access, keypad entry, or fingerprint scanning, these systems offer multiple options to meet various security needs. Due to this, the IoT-based security solution using cloud computing is growing. Increasing the usage of IoT-based security systems using cloud computing platforms is driving the growth of the access control market.
Increasing use of mobile-based access control
Mobile access control utilizes smartphones, tablets, and wearable electronic devices and allows them to function as a user's credentials to enter offices or other business premises. Mobile access control offers a wide range of benefits, but the enhanced security and ease of use set it apart. Unlike physical cards and fobs that are easy to lose, mobile credentials are stored on an employee’s phone, making them easier to keep track of — and less likely to fall into the wrong hands. Mobile credentials are an authentication method that is stored in a mobile device; these credentials are verified by an individual. Each mobile credential is unique to an individual, and the credentials are encrypted to safeguard the identity of users. Due to the above benefits the use of mobile-based access control is increasing, creating opportunity for the growth of the access control market.
Access Control Market Report Segmentation Analysis
Key segments that contributed to the derivation of the access control market analysis are component, offering, type, and end user.
- Based on the offering, the access control market is divided into hardware, software, and services.
- By type, the market is segmented into discretionary access control (DAC), attribute-based access control (ABAC), mandatory access control (MAC), role-based access control (RBAC), and others.
- Based on end users, the access control market is divided into residential, commercial, industrial, and homeland security.
Access Control Market Share Analysis by Geography
The geographic scope of the access control market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. Asia Pacific has dominated the access control market. China continues to dominate the Asia-Pacific market, thanks mostly to its developing construction sector, a significant number of manufacturing enterprises, and rising crime rates. The deployment of mobile-based access control solutions is also increasing throughout the country. China's smart door lock market has expanded rapidly in recent years, owing to advances in biometric identification and wireless communication technology. In Japan, the government and businesses have shown a strong interest in the security aspects of access control solutions, resulting in the implementation of new legislation, strategies, and facilities. Japanese firms are aggressively studying and developing newer biometric and authentication technologies that provide a touchless experience.
Access Control Market Report Scope
Access Control Market News and Recent Developments
The access control market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In October 2022, - ASSA ABLOY AB finalized the acquisition of ALCEA, a French access control solutions provider. ALCEA will be integrated into ASSA ABLOY's Critical Infrastructure business portfolio, allowing the company to strengthen its presence in critical infrastructure protection contexts while also expanding its product access-focused product line. This acquisition aligns with the company's strategic ambition to strengthen its position in the access control sector.
(Source: ASSA ABLOY AB, Press Release, 2023)
- In March 2023, Axis Communications and Genetec Inc. collaborated to create Axis, an enterprise-level access control system that integrates Genetec access control software and Axis network door controllers into a single, simple-to-install package. This is the first of its kind on the market, combining Genetec technology to give comprehensive security, public safety, operations, and business intelligence solutions.
(Source: Axis Communications, Press Release, 2023)
Access Control Market Report Coverage and Deliverables
The "Access Control Market Size and Forecast (2023–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Type and Application
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global access control market was estimated to be US$ 11.20 billion in 2023 and is expected to grow at a CAGR of 6.8% during the forecast period 2023 - 2031.
Increasing the usage of IoT-based security systems using cloud computing platforms is the major factors that propel the global access control market.
The global access control market is expected to reach US$ 17.85 billion by 2031.
The key players holding majority shares in the global access control market are Honeywell International Inc., dormakaba Group, ASSA ABLOY, Johnson Controls, and Allegion Plc.
The proliferation of IoT and connected devices is anticipated to play a significant role in the global access control market in the coming years.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.