Global Access Control Market

Access Control Market Size, Share, Growth Analysis, By Component(Hardware- Authentication System (Biometric, Card-Based, Touch Screen, Keypads), By Type(DAC, MAC, RBAC), By Application(Homel, Security, Commercial, Residential) - Industry Forecast 2024-2031

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

Access Control Market News

  • In February 2021, the introduction of the MPA1 and MPA2 access control panels, which provide cloud, web-based, or on-premise hosting options, was announced by Honeywell.
  • In April 2021, the main airport in Okinawa, Japan's Naha Airport, will soon have an electronic customs procedural system that uses face recognition, according to an announcement made by NEC Corporation.
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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

Access Control Market size was valued at USD 8.5 billion in 2019 and is poised to grow from USD 9.18 billion in 2023 to USD 17 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).

The 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. 'Johnson Controls', 'Assa Abloy AB', 'Dormakaba Holding AG', 'Allegion plc', 'Honeywell International Inc.', 'Identiv, Inc.', 'Gunnebo AB', 'Gemalto NV', 'NEC Corporation', 'Suprema Inc.', 'Bosch Sicherheitssysteme GmbH', 'Vanderbilt Industries', 'NAPCO Security Technologies, Inc.', 'ZKTECO CO., LTD.', 'STANLEY Security', 'Salto Systems S.L.', 'Paxton Access Ltd.', 'Axis Communications AB', 'Fingerprint Cards AB', 'IDEMIA'

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 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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Global Access Control Market

Product ID: SQMIG50B2019