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).

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'

What is the key driver of Access Control As a Service Market?

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.

What is the key market trend for Access Control As a Service Market?

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.

Which region accounted for the largest share in Access Control As a Service Market?

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.

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 2025-2032

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

Access Control As a Service Market News

The global networking and telecommunication corporation, Ericsson Corporation, launched its latest solution in November 2023, which is a combination of G.fast technology and POL architecture. This method scales over fiber-optic infrastructure by reusing copper lines to provide high-speed internet connectivity.
Axis is an enterprise-grade access control system that integrates Genetec access control software and Axis network door controllers into one single, easily accessible package, launched by Axis Communications and Genetec Inc in March 2023. It is a unique product in the market because it applies Genetec technology for the provision of corporate intelligence solutions together with convergent security, public safety, operations, etc.
One of the cloud-based customer identity management systems meant to help businesses safely connect with their clients or even suppliers online was acquired by Thales in July 2022. With this acquisition, Thales will be able to offer more digital identification and security solutions.

Access Control As a Service Market Report Snapshots

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FAQs

Access Control As a Service Market size was valued at USD 1.26 Billion in 2023 and is poised to grow from USD 1.47 Billion in 2024 to USD 4.95 Billion by 2032, growing at a CAGR of 16.42% during the forecast period (2025-2032).

Global access control as a service industry contains both established companies and emergent innovators, which defines its competitive environment. The leading companies with innovative solutions and the whole security system, namely Honeywell, Assa Abloy, Johnson Controls, and Schneider Electric, occupy the market. Companies who are focusing on cloud-based and mobile access solutions are driving innovation. Companies are investing in R&D to make better product offerings and to respond to the growing demand for scalable and secure solutions in this highly competitive market. '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'

Cloud-Based Access Control Systems: Cloud-based access solutions have become popular since they are easy to operate, scalable and flexible. They appeal to large companies with dispersed offices or geographically distributed employees because of central management, real-time monitoring and remote access. As the market is projected to be dominated by cloud-based solutions, which ensure smooth connectivity with other corporate systems and do not require on-site hardware, it will be increasingly used in companies that continue to embrace digital transformation.

With sales in 2022 at USD 3.81 billion, North America takes the lead in access control as a service globally. Heavy investment in wireless technologies, modern security solutions, and next generation monitoring infrastructure drives this top position. Advanced security infrastructures in developed nations such as the US also spur the growth of wireless access management systems. The increasing smartphone usage in this region has led companies and residential areas to look for efficient, easy-to-install security technology, which has driven demand for mobile access control systems enormously. Altogether, these factors are ensured to continue leading North America in the market with growth due to further advancements in security and technology.

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