Mobile Access Control Platform Market Opportunities by 2031
The global mobile access control platform market size is expected to grow from US$ 210.32 million in 2023 to US$ 1294.29 million by 2031; it is anticipated to expand at a CAGR of 25.5% from 2024 to 2031. The rising deployment of wireless security systems, growing crime rates, and the increasing popularity of cloud computing platforms are likely to remain key mobile access control platform market trends.
Mobile Access Control Platform Market Analysis
The increasing adoption of IoT-based security systems with cloud computing platforms is driving the market for mobile access control platform.
Mobile Access Control Platform Market Overview
A mobile access control platform is a digital solution that allows businesses to manage and control access to their premises or resources using mobile devices. This platform leverages the power of smartphones and other mobile devices to provide a secure, convenient, and flexible method of granting and revoking access privileges. With a mobile access control platform, businesses can eliminate the need for physical keys, access cards, or traditional access control systems. Instead, employees or authorized individuals can use their mobile devices, such as smartphones or tablets, to gain entry to restricted areas or resources. This not only simplifies the access process but also enhances security by reducing the risk of lost or stolen keys or cards. The platform typically consists of a mobile app and a cloud-based backend system. The app acts as a digital credential that can be easily downloaded and installed on authorized users' mobile devices. The backend system, hosted in the cloud, enables administrators to manage access permissions, monitor access events, and generate reports.
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Mobile Access Control Platform Market: Strategic Insights
Market Size Value in US$ 175.57 Million in 2021 Market Size Value by US$ 782.01 Million by 2027 Growth rate CAGR of 27.1% from 2021-2027 Forecast Period 2021-2027 Base Year 2021
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Mobile Access Control Platform Market: Strategic Insights
| Market Size Value in | US$ 175.57 Million in 2021 |
| Market Size Value by | US$ 782.01 Million by 2027 |
| Growth rate | CAGR of 27.1% from 2021-2027 |
| Forecast Period | 2021-2027 |
| Base Year | 2021 |
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Mobile Access Control Platform Market Drivers and Opportunities
Increasing Adoption of Smart Devices to Favor Market
The adoption of smart devices and IoT (Internet of Things) technology is on the rise, and this trend is driving the growth of the mobile access control market. Smart devices, which form the foundational layer of the IoT technology stack, are experiencing healthy market growth. Large manufacturers and specialist suppliers dominate them. IoT technology usage is growing across a wide range of industries, including Industry 4.0, smart cities, smart homes, linked autos, and e-health. The commercial and industrial sectors, in particular, are projected to fuel expansion in the mobile access control market. Companies in the retail industry, for example, are actively implementing lot projects, with at least 58% having several current lot initiatives. Many shops are also taking initiatives to strengthen privacy protections and avoid data breaches. Furthermore, the market for environment-related lot systems, such as environmental sensing and monitoring technologies, is rapidly expanding.
Adoption of Cloud-Based Systems
Cloud-based solutions have gained popularity in recent years, and this trend is projected to continue to drive the market. Cloud platforms let businesses manage access control systems more efficiently. This means that businesses can simply manage who has access to their systems and data, resulting in improved security and compliance. Cloud platforms allow businesses to scale and be more flexible. Companies using cloud-based technologies may simply scale their resources up or down based on their need. This flexibility enables businesses to react to changing business requirements and handle rising workloads without making large infrastructure expenditures.
Mobile Access Control Platform Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Mobile Access Control Platform market analysis technology and application.
- Based on technology, the market is bifurcated into NFC and bluetooth. The NFC segment held a larger market share in 2023.
- Based on application, the market is divided into commercial, automotive, and others. The commercial segment held a larger market share in 2023.
Mobile Access Control Platform Market Share Analysis by Geography
The geographic scope of the mobile access control platform market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America dominated the mobile access control platform market in 2023. Technological advancements, such as the use of wireless technology, cloud computing platforms, and IoT-based security systems, are propelling the growth of the mobile access control platform market. These advancements improve the efficiency, convenience, and effectiveness of access control systems.
Mobile Access Control Platform Market Report Scope
Mobile Access Control Platform Market News and Recent Developments
The mobile access control platform 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 May 2023, Eagle Eye Networks, the global leader in cloud video surveillance, and Brivo, the global leader in cloud-based access management and smart space technology, announced one of the most significant investments in cloud physical security. SECOM CO., LTD, one of the world's largest security integration firms, according to Forbes Global 2000, has made a primary equity investment of $192 million in the two companies, with $100 million in Eagle Eye Networks and $92 million in Brivo.
(Source: Brivo, Press Release, 2023)
Mobile Access Control Platform Market Report Coverage and Deliverables
The "Mobile Access Control Platform Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The mobile access control platform market size is expected to grow from US$ 210.32 million in 2023 to US$ 1294.29 million by 2031; it is anticipated to expand at a CAGR of 25.5% from 2024 to 031.
The increasing adoption of IoT-based security systems with cloud computing platforms is driving the market for mobile access control platform.
The rising deployment of wireless security systems, growing crime rates, and the increasing popularity of cloud computing platforms are likely to remain key mobile access control platform market trends.
The key players holding the majority of shares in the global mobile access control platform are Kisi Inc., Idesco Oy, YPTOKEY, Nokia, Inc., and Proxy, Inc.
The global mobile access control platform market is expected to reach US$ 1294.29 million by 2031.
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.
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