What is the global market size of Access Control And Authentication Market?

Access Control And Authentication Market size was valued at USD 12.91 billion in 2021 and is poised to grow from USD 14.4 billion in 2022 to USD 37.2 billion by 2030, growing at a CAGR of 11.4% in the forecast period (2023-2030).

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 2024-2031

Report ID: SQMIG45E2153 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 152 | Figures: 78

Global Access Control And Authentication Market News

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 Market Report Snapshots

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Access Control And Authentication Market size was valued at USD 12.91 billion in 2019 and is poised to grow from USD 14.4 billion in 2023 to USD 37.2 billion by 2031, growing at a CAGR of 11.4% in the forecast period (2024-2031).

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. 'NEC Corporation ', 'ASSA ABLOY AB', 'Gemalto NV', 'Allegion PLC', 'Honeywell Security Group', 'Johnson Controls International PLC', 'Bosch Security Systems', '3M Cogent', 'HID Global Corporation', 'Morpho (Safran Group)', 'Tyco International Ltd.', 'Crossmatch Technologies, Inc.', 'Identiv, Inc.', 'Suprema, Inc.', 'Fingerprint Cards AB', 'Gunnebo AB', 'ZKTeco Inc.', 'Vanderbilt Industries', 'Brivo Systems LLC', 'S2 Security Corporation'

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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Global Access Control And Authentication Market News

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