What is the global market size of Access Control As a Service Market?

Access Control As a Service Market size was valued at USD 1.05 billion in 2022 and is poised to grow from USD 1.22 billion in 2023 to USD 4.12 billion by 2031, growing at a CAGR of 16.4% in the forecast period (2024-2031).

Global Access Control As a Service Market

Access Control As a Service Market Size, Share, Growth Analysis, By Access Control Models(Discretionary Access Control (DAC), Mandatory Access Control (MAC), Role-Based Access Control (RBAC), Rule-Based Access Control), By Service Type(Hosted Services, Managed Services, Hybrid Services), By Cloud Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), By Vertical(Commercial, Manufacturing & Industrial, Government, Healthcare), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Access Control As a Service Market?

The competitive environment of the Access Control As a Service market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Suprema Inc.', 'Hanwha Techwin Co. Ltd', 'Thales Group (Gemalto NV)', 'Bosch Security System Inc.', 'Honeywell International Inc', 'Tyco International Plc (Johnson Controls)', 'Allegion PLC', 'ASSA ABLOY AB Group', 'Schneider Electric SE', 'Panasonic Corporation', 'Brivo Systems, LLC', 'Identiv, Inc.', 'Nedap NV', 'Dormakaba Holding AG', 'NEC Corporation', 'Idemia Group', 'Axis Communications AB'

Report ID: SQMIG45A2201 | Region: Global | Published Date: October, 2024
Pages: 197 | Tables: 91 | Figures: 73

Access Control As a Service Market News

In November 2022, SaaS-based physical access control and smart buildings startup Spintly raised USD 2.5M in a pre-series A round of funding. The round saw participation from Lets Venture, Accel Nest, SucSEED Indovation, RiSo Capital, Defang Technology, 91 Ventures, Kyto Technology and Life, and a few other notable angel investors and groups including Dheeraj Pandey, Co-Founder and CEO of DevRev and former Founder and CEO of Nutanix.
In August 2022, ASSA ABLOY completed its acquisition of Alcea, a company specializing in security monitoring software and associated access control hardware. Alcea is recognized for delivering comprehensive access management solutions in collaboration with system partners. This strategic partnership aims to bolster ASSA ABLOY's capabilities in safeguarding critical infrastructure while also presenting opportunities for complementary developments within the sector.

In July 2022, Thales made a significant move by acquiring OneWelcome, a provider specializing in cloud-based customer identity and access management solutions. OneWelcome's expertise lies in empowering highly regulated industries to securely connect customers and business partners to their online services. Through this acquisition, Thales aims to augment its digital identity and security product portfolio, strategically enhancing its offerings within the industry.

Access Control As a Service Market Report Snapshots

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Access Control As A Service Market size was valued at USD 1.08 billion in 2022 and is poised to grow from USD 1.26 billion in 2023 to USD 4.25 billion by 2031, growing at a CAGR of 16.42% during the forecast period (2024-2031).

The competitive environment of the global Access Control As a Service market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Johnson Controls ', 'Honeywell International Inc. ', 'Thales ', 'ASSA ABLOY AB ', 'Dormakaba Holding AG ', 'Identiv, Inc. ', 'Kastle Systems ', 'AMAG Technology, Inc. ', 'Brivo Inc. ', 'Cloudastructure Inc. ', 'Stanley Security (Securitas Technology) ', 'Datawatch Systems ', 'Telcred AB ', 'Forcefield Systems ', 'Vanderbilt Industries ', 'Kisi Inc. ', 'Feenics Inc. ', 'Servsys, Inc. ', 'Spectra Technovision (India) Pvt. Ltd. ', 'M3T Corporation ', 'Vector Security ', 'Gallagher Security Ltd ', 'DSX Access Systems, Inc. ', 'ZKTECO CO., LIMITED'

Enterprises across diverse scales increasingly favor cloud-based solutions over traditional alternatives due to their convenience and cost-effectiveness. Presently, a wide spectrum of enterprise systems operates within the cloud environment, encompassing critical functions such as email services, sales Customer Relationship Management (CRMs), marketing platforms, productivity tools, IT infrastructure management, messaging systems, and website hosting. The burgeoning popularity of Access Control as a Service (ACaaS) applications, facilitating remote security management via web platforms, has significantly contributed to the soaring demand for cloud-based systems in the security realm.

The increasing reliance on smartphones and mobile devices has prompted a significant pivot in the corporate sector towards prioritizing enterprise mobility strategies. This pronounced shift has resulted in a heightened demand for mobile technology within business operations. Among the array of mobile-based solutions, mobile credentials have emerged as particularly sought-after products. Traditional authentication cards, often unencrypted, present vulnerability to cloning, prompting the rise in popularity of Seos technology-based credential ecosystems across various industries. This heightened adoption signifies a growing emphasis on secure, encrypted mobile access solutions to bolster security measures in corporate environments.

North America emerged as the dominant force in the global market, boasting a revenue of USD 3.81 billion in 2022. This predominance stems from substantial investments in wireless systems and security solutions within the region. The advanced surveillance infrastructure prevalent in developed nations accelerates the demand for wireless access management systems, contributing to North America's market leadership. Notably, the widespread adoption of smartphones across the entire United States populace serves as a significant stimulant for the need for mobile access management systems, further fueling the region's prominence in the global market.

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