Access Control Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast 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 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