Global Access Control and Authentication Market

Global Access Control And Authentication Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Technology(Biometrics, Smart Card), By Enterprise Size(Small & Medium, Large), By Access Control as a Service(Hosted, Managed), By Application(Residential, Government & Defence) - Industry Forecast 2022-2028


Report ID: SQSG20O2003 | Region: Global | Published Date: December, 2022 | Pages: 157

Global Access Control And Authentication Market Insights

Global Access Control and Authentication Market size was valued at USD 25.24 billion in 2021 and is expected to reach USD 53.40 billion by 2028, at a CAGR of 11.3% during the forecast period (2022-2028).

Access control and authentication systems are electronic devices used to control network-based unauthorised access to specific locations. The system's primary purpose is to control, authenticate, identify, and grant a person access to the building. These systems are primarily in charge of limiting access to a location in a selective manner. They are created to monitor people and objects, control their access, and prevent unauthorised access to any property or information. The investigation and prevention of crimes that are certain to occur in multiplexes, malls, airports, banks, ATMs, and casinos are carried out using these controlling tools.

Governments and regulatory bodies have imposed security-related policies and regulations, which have encouraged businesses and organisations to invest more money in security. These systems support the management of access, privileges, passwords, network services, user authentication for remote connections, equipment/location identification, and remote diagnostics and configuration in commercial organisations. Access control and authentication systems are becoming more widely used as a result of rising security and safety concerns and regulations.

Market snapshot

Global Market Size

USD 25.24 billion

Largest Segment

Residential, goverment & defense

Fastest Growth

Residential, goverment & defense

Growth Rate

11.3% CAGR

Global Access Control and Authentication Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Access Control and Authentication Market Size By Application, 2021-2028 ($ Bn)
Global Access Control and Authentication Market Size By Application, 2021-2028 (%)

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Global Access Control And Authentication Market Segmental Analysis

Global Access Control and Authentication Market is segmented on the basis of component, technology, enterprise size, access control as a service, application, and region. According to component, the market is segmented into hardware, software and services. On the basis of technology, it is segmented into biometrics, smart card, electronic doors & locks, and magnetic strips. According to enterprise size, the market is bifurcated into small and medium enterprises and large enterprises. On the basis of access control as a service, the market is segmented into hosted, managed and hybrid. According to application, the market is divided into residential, government & defence, BFSI, IT & telecom, retail & Ecommerce, healthcare, travel and tourism, manufacturing, education, and others. Based on the region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Technology

In 2021, the access control and authentication market is dominated by the biometrics technology segment. Using biometrics, it is possible to control physical access to an infrastructure by recognising a person by their physical traits. The significant market share of this sector is primarily attributable to its higher adoption in advanced security devices, growing demand for high-level security and access management applications, consistent technological advancements coupled with rising investment, and rising demand in line with the growing customer acceptance. Additionally, voice and facial recognition is a biometrics technology that is non-contact, non-intrusive, and simple to use. The demand for biometric readers will increase during the predicted period due to the contactless technique of identification and authentication of an individual.

Analysis by Application

Residential, government and defence segment registered the highest market share in the global access control and authentication market in 2021 and is expected to maintain its dominance during the forecast period. The significant market share of this sector is primarily attributable to rising safety consciousness, growing demand for superior high-level access control systems for numerous premises & buildings, expanding smart city initiatives around the world, and quickly rising access control and authentication (ACA) device adoption in numerous residential and commercial organisations. Security is a big worry for people, residential complexes, and private residential buildings as the prevalence of theft and burglary increases globally. People can access smart houses using biometric or non-biometric technology, such as numeric codes. Further contributing to this segment's fastest growth are elements including rising security system investment, rising theft rates, and expanding network infrastructure.

Global Access Control and Authentication Market By Application, 2021 (%)

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Global Access Control And Authentication Market Regional Insights

Asia-Pacific region held the largest market share of approximately of the Global Access Control and Authentication Market in 2021 and is also anticipated to witness the fastest growth during the forecast period. The existence of rapidly growing economies, consistent ACA technology developments, and government ambitions to integrate ACA technologies in a range of public services are the key drivers of growth in this region. The increased use of cutting-edge technologies, including artificial intelligence, the Internet of Things, and biometric recognition technology, as well as the accessibility of ACA devices and the presence of several startups and leading companies in this region are all factors that are fueling the expansion of the market in the Asia Pacific region. The commercial, military & defence, government, and industrial verticals are the primary drivers of the market in Asia-Pacific. It is also anticipated that there will be a large demand for these systems due to the rising risks of terrorism, crime, and poor police-to-population ratios in Asia-Pacific countries.

North America has the second largest share for the access control and authentication market. This can be attributed to high government investments for public security. Furthermore, the rising security concerns and considerable technical breakthroughs is probably fuelling the demand for intelligent security solutions in this region.

Global Access Control and Authentication Market By Geography, 2021-2028
  • Largest
  • Fastest

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Global Access Control And Authentication Market Dynamics

Driver

  • Growing Use of Access Control and Authentication System for Security Concerns
  • With the aid of an access control and authentication system, business organisations can manage access, privileges, and passwords while also performing remote diagnostics and configuration, equipment/location identification, access to network services, user authentication for remote connections, and managing access, passwords, and privileges. These systems are also becoming more and more in demand as crimes rise in public locations like malls, banks, and ATMs as well as at airports and other places where the public congregates. The primary reasons propelling this market's expansion are safety and security rules and concerns.
  • The public sector, utilities, and government are all eager to update their current access control and security systems. As a result, numerous technological advancements and new installations in various public spaces have spread throughout the world, eventually assisting in the expansion of the access control and authentication market.
  • The integration of logical and physical access control technologies is a growing trend in the access control market. High adoption of mobility-based solutions is anticipated to open up new opportunities for market expansion.

Restraint

  • High Setup and Maintenance Cost

Despite the fact that all access control and authentication solutions guarantee the organization's security, their initial investment costs are also substantial. The deployment, setup, and maintenance of this equipment can be very expensive. Hence factors like lack of knowledge and high costs associated with modern security solutions are responsible constraining Global access control and authentication market expansion.

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Global Access Control And Authentication Market Competitive Landscape

Global Access Control and Authentication Market is fragmented due to the presence of a number of global and local players. Major players in the global market adopt prominent strategies to overcome competition and maintain their market share globally. Key players include 3M Company, Bosch Security Systems, Honeywell International, Inc., and Morpho Safran, Inc. In order to create and implement new, more effective technologies in the access control and authentication market, established businesses are involved in a variety of research and development activities and efforts.

Top Players Company Profiles

  • Panasonic Corporation
  • Gemalto N.V.
  • Honeywell Commercial Security
  • Axis Communications AB
  • Genetec Inc.
  • Identiv, Inc.
  • Suprema, Inc.
  • Zhejiang Dahua Technology Co. Ltd.
  • NEC Corporation
  • ASSA ABLOY
  • AMAG Technology, Inc.
  • Johnson Controls International Plc
  • Sensory, Inc.
  • NDI Recognition Systems Ltd
  • Pelco Inc
  • Cisco, Access Ltd.
  • Suprema Inc.

Recent Developments

  • In October 2022, Intercede stated that it acquired Authlogics, a maker of software for managing password security and multi-factor authentication. With the acquisition, Intercede is now able to cover the entire "authentication pyramid," from passwords to public key infrastructure, in its product offering. The company's target market is increased as a result of its widened emphasis and the intellectual property Intercede acquires, which also strengthens its capacity to comply with new regulatory requirements.
  • In September 2022, Idex Biometrics and eSignus have partnered to create and market biometric cards for digital, password-free authentication and crypto asset wallets. Idex Biometrics' sensor technology and eSignus' smartphone-powered, off-cloud hardware wallet capabilities will be combined in the solutions that result from the partnership, which are scheduled for release in 2023.

Global Access Control And Authentication Key Market Trends

  • Growing Technological Advancements to Boost Market Growth
  • Everyday, biometric authentication methods like palm scanning gain acceptance as a more reliable and secure alternative to traditional multi-factor authentication (MFA).Technology based on biometrics verifies users by scanning their face, palm, retina, or other physical characteristics like their fingerprints. Biometrics are less susceptible to hacking, social engineering, account takeovers, and destructive cyberattacks than conventional MFA strategies such as log-in credentials or one-time passwords (OTP) sent via SMS.
  • Taking advantage of this trend, credit card companies Mastercard Inc. and Visa Inc. have enabled contactless payments and biometrics-based authentication for their transactions. Venmo and Zelle, two additional digital wallet applications from PayPal Holdings Inc., have emerged as competitors in contactless transactions.

Global Access Control And Authentication Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Access Control and Authentication Market analysis, strict government regulations, rising investments, especially in the education, public sector, healthcare, and banking industries, and ongoing technological advancements in ACA technology are all contributing to the growth of the market. These factors, as well as rising consumer demand for modern ACA devices, include fingerprint recognition, face recognition, IRIS recognition, voice recognition, and smart card technology. Additionally, the market's current players are making investments in the advancement of biometric technology, which affects the market expansion.

Report Metric Details
Market size value in 2021 USD 25.24 billion
Market size value in 2028 USD 53.40 billion
Growth Rate 11.3%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware, Software, Services
  • Technology
    • Biometrics, Smart Card, Electronic Doors & Locks, Magnetic Strips
  • Enterprise Size
    • Small & Medium, Large
  • Access Control as a Service
    • Hosted, Managed, Hybrid
  • Application
    • Residential, Government & Defence, BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Travel, Tourism, Manufacturing, Education, others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Panasonic Corporation
  • Gemalto N.V.
  • Honeywell Commercial Security
  • Axis Communications AB
  • Genetec Inc.
  • Identiv, Inc.
  • Suprema, Inc.
  • Zhejiang Dahua Technology Co. Ltd.
  • NEC Corporation
  • ASSA ABLOY
  • AMAG Technology, Inc.
  • Johnson Controls International Plc
  • Sensory, Inc.
  • NDI Recognition Systems Ltd
  • Pelco Inc
  • Cisco, Access Ltd.
  • Suprema Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Access Control And Authentication Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Access Control And Authentication Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Access Control And Authentication Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Access Control And Authentication Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Access Control And Authentication Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Access Control And Authentication Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

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FAQ's

Global Access Control and Authentication Market size was valued at USD 25.24 billion in 2021 and is expected to reach USD 53.40 billion by 2028, at a CAGR of 11.3% during the forecast period (2022-2028).

Global Access Control and Authentication Market is fragmented due to the presence of a number of global and local players. Major players in the global market adopt prominent strategies to overcome competition and maintain their market share globally. Key players include 3M Company, Bosch Security Systems, Honeywell International, Inc., and Morpho Safran, Inc. In order to create and implement new, more effective technologies in the access control and authentication market, established businesses are involved in a variety of research and development activities and efforts.'Panasonic Corporation ','Gemalto N.V. ','Honeywell Commercial Security ','Axis Communications AB ','Genetec Inc. ','Identiv, Inc. ','Suprema, Inc. ','Zhejiang Dahua Technology Co. Ltd. ','NEC Corporation ','ASSA ABLOY ','AMAG Technology, Inc. ','Johnson Controls International Plc ','Sensory, Inc. ','NDI Recognition Systems Ltd','Pelco Inc','Cisco, Access Ltd.','Suprema Inc.'

Growing Use of Access Control and Authentication System for Security Concerns

Growing Technological Advancements to Boost Market Growth

Asia-Pacific region held the largest market share of approximately of the Global Access Control and Authentication Market in 2021 and is also anticipated to witness the fastest growth during the forecast period. The existence of rapidly growing economies, consistent ACA technology developments, and government ambitions to integrate ACA technologies in a range of public services are the key drivers of growth in this region. The increased use of cutting-edge technologies, including artificial intelligence, the Internet of Things, and biometric recognition technology, as well as the accessibility of ACA devices and the presence of several startups and leading companies in this region are all factors that are fueling the expansion of the market in the Asia Pacific region. The commercial, military & defence, government, and industrial verticals are the primary drivers of the market in Asia-Pacific. It is also anticipated that there will be a large demand for these systems due to the rising risks of terrorism, crime, and poor police-to-population ratios in Asia-Pacific countries.

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