What is the global market size of Access Control Market?

Global Access Control Market was valued at USD 8.5 billion in 2021, and it is expected to reach a value of USD 14.2 billion by 2028, at a CAGR of 8.5% over the forecast period (2022 - 2028). Read More

Who are the key vendors in the Global Access Control Market?

The Global Access Control market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.'Honeywell International Inc (North Carolina, United States)','Dots Info Systems (India) Pvt. Ltd., (Mumbai, India)','Bosch Sicherheitssysteme GmbH (New York, United States)','KISI Inc. (Brooklyn, NY, United States)','HID Global Corporation (Texas, United States)','Matrix Comsec Pvt. Ltd. (Gujrat, India)','Johnson Controls, Inc. (Cork, Ireland)','ASSA ABLOY group (Stockholm, Sweden)','Ekran System Inc. (California, United States)','SolarWinds Worldwide, LLC. (Austin, Texas, United States)','TED Systems, Lenexa, KS. (Lenexa, United States)','Gemalto N.V. (Amsterdam, Netherlands)','IMEDIA France (Courbevoie, France)','Siemens Aktiengesellschaft (Munich, Germany)','Mace Security International Inc. (Ohio, United States)' Read More

What is the key driver of Global Access Control Market?

A critical component of digital access is evolving into the multifactor and multimodal authentication system. With the rise in security requirements, multifactor authentication is receiving a lot of attention. Physical security based on a two-factor authentication system is crucial in a variety of sectors, including the oil and gas, utility, electricity, and other vital infrastructure. Customers in the business sector that require a high level of security are becoming more and more familiar with the multifactor authentication method. The need for a two-factor authentication system has grown as a result of the introduction of multimodal readers that enable pin-pad, mobile, biometrics, and key cards all in one device. The system's high level of security and ease of network access go hand in hand. Read More

Access Control Market Size, Share, Growth Analysis, By Offering (Hardware, Software), By Type (Discretionary Access Control, Mandatory Access Control), By End User, By Region - Industry Forecast 2024-2031

Report ID: SQMIG50B2019 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 105 | Figures: 76

Access Control Market Insights

Global Access Control Market size was valued at USD 10.00 billion in 2022 and is poised to grow from USD 10.85 billion in 2023 to USD 20.84 billion by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).

The perimeter, high-level data, and assets are all protected by the access control system, which has evolved into one of the core components of enterprise security departments. There is little doubt that this system demand is progressing and changing quickly across sectors. The main drivers of the system need for increased security are increased liability, a new source of risks, and obligatory compliance. It prevents unauthorised parties from using the facilities or accessing them. The access control market demand is projected to be fueled by the security industry's fast transformation brought on by the introduction of cloud computing and wireless access facilities. The demand for physical security will also be fueled by the growing number of smart infrastructure projects, including smart houses, and buildings.

US Access Control Market is poised to grow at a sustainable CAGR for the next forecast year.

Access Control Market Report Snapshots

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The three major types of Access control systems are:Discretionary Access Control (DAC), Role Based Access Control (RBAC), and Mandatory Access Control (MAC).

High initial cost setup is the major challenge for acees control market

The Global Access Control market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'ASSA ABLOY AB ', 'dormakaba Group ', 'Johnson Controls International plc ', 'Allegion plc ', 'Honeywell International Inc. ', 'Bosch Security Systems GmbH ', 'Thales Group ', 'Identiv, Inc. ', 'Nedap N.V. ', 'Suprema Inc. ', 'NEC Corporation ', 'Axis Communications AB ', 'IDEMIA ', 'Brivo Systems, LLC ', 'Gallagher Group Limited ', 'SALTO Systems, S.L. ', 'Schneider Electric SE ', 'Panasonic Corporation ', 'AMAG Technology ', 'Gunnebo Safe Storage AB'

The business sector's focus on organizational mobility practices has changed as a result of the rising use of smartphones and other mobile devices. The need for mobile technology has increased due to the dramatic shift toward business mobility. According to a 2021 HID Global report, 54% of organizations will switch to mobile access control systems within the next three years. One of the most well-liked items in mobile-based solutions is mobile credentials. Most authentication cards are not encrypted and can be simply duplicated. As a result, credential ecosystems built on SEO technology are becoming increasingly popular across sectors.

With USD 3.81 billion in sales in 2021, North America topped the world market. Significant investment in wireless networks and security solutions is credited with this supremacy. The need for wireless access management systems is increasing as a result of the established surveillance infrastructure. Due to widespread smartphone use in the country, a mobile access management system is required. The industry is also expanding as a result of widespread usage of cloud computing and IoT-based solutions. In addition, the market expansion is predicted to be aided by the presence of many significant players in North America, including Genetec Inc., Honeywell International Inc., and Identiv, Inc.

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Access Control Market Size, Share, Growth Analysis, By Offering (Hardware, Software), By Type (Discretionary Access Control, Mandatory Access Control), By End User, By Region - Industry Forecast 2024-2031

Access Control Market Insights

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What is the global market size of Access Control Market?

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