Access Control Market Forecasts to 2028 – Global Analysis By Model (Attribute-Based Access Control, Discretionary Access Control (DAC), Identity-Based Access Control), Service (Hosted, Hybrid, Managed), and By Geography

According to Stratistics MRC, the Global Access Control Market is accounted for $8.75 billion in 2021 and is expected to reach $17.84 billion by 2028 growing at a CAGR of 10.7% during the forecast period. Access control denotes a type of instrument in which a mechanism permits or nullifies the privilege to get some information or perform some activity to improve security by permitting an individual to modify the security protocols for the database and simultaneously control user access. These solutions are based on storing the identity of a person either by biometrics or access card. They verify the same to deliver access to a particular area in the enterprise. It assists in preventing unauthorized viruses and hackers to misuse personal information and safeguards personal data from getting hacked.



Market Dynamics:

Driver:

Enterprise Reliance on Cloud Centered Applications to Drive Cloud-Based Systems Demand

With rapid development in cloud computing and access control, the security and controls market has transformed, in comparison to the previous decade. Developing cloud-based technologies provide web- and cloud-based solutions for cost-effectiveness, real-time analytics, easy access to data, integration with other systems and software, sharing of data internally and externally, scalability, and flexibility. Initiatives undertaken by companies worldwide, coupled with awareness about cybercrime and security for data have been gaining ground in recent years. Companies are taking steps to secure enterprise information from various internal and external threats. Growing awareness about cyber-crimes and data security is expected to drive the sales of access control systems.

Restraint:

High Initial Setup Cost 

There are multiple access control technology options available with a variety of features and benefits. Also, adding extra security levels may further result in an increased cost of the overall system. Thus, the high costs of systems may affect the overall adoption. Though, replacing or rekeying the locks may add significant charges. The systems including card-based systems, biometrics, intercom or buzzer systems, and others, have higher initial costs owing to the extra level of security and features they offer. Physical key-based lock systems may not have high charges.

Opportunity:

Increasing Illegal activities and Rise in Demand for Mobile Access Control Systems

Due to the rise in illegal edge interruption, crime percentage, and digital assaults have ascended to getting vital gear, basics in homes, and even individual security. The appropriation of security access control as help and versatile-based admittance control is relied upon to give a critical chance to the market development. The rising usage of smartphones or mobile devices has moved the corporate sector's focus on enterprise mobility practice. The drastic shift towards corporate mobility has escalated the demand for mobile technology. Mobile credentials are one of the popular products in mobile-based solutions. Authentication cards are mostly unencrypted cards and can be cloned easily. Therefore, SEOS technology-based credential ecosystem is gaining popularity across industries.

Threat:

Less Consciousness Among Users About Accessibility and Benefits of Advanced Security Solutions

Organizations should be made aware of the significance of the protection of sensitive information, secure handling of information, along risks associated with mishandling of information. All these risks can be minimized by granting access to this information and infrastructure only to authorized entities. To increase user awareness, companies need to participate in conferences and exhibitions, making people aware of the benefits of advanced security solutions. Fakes, digital assaults, and government validation commands are proceeding to fill in degree and refinement, the need to reinforce security while lessening costs is foremost across different industry verticals.

Commercial segment is expected to be the largest during the forecast period

The access control system removes the need for manual security checks of the visitors, which is the key driver that attracts several commercial and service organizations to opt for these systems to protect people and property at the same time. Manned security for all physical locations is difficult and expensive. The demand for access control systems is increasing since they reduce the need for manned security to a greater extent, thereby reducing security expenditure. These factors are encouraging commercial facilities to adopt access control systems to protect people and properties. Moreover, the high demand for off-the-shelf systems and the strong demand for access control systems in hotels, data centers, retail stores, malls, banks and financial centers, and entertainment centers across the globe. Several governments, as well as commercial entities, have deployed standards such as Underwriters Laboratories (UL) for ballistic protection, National Institute of Justice (NIJ), and the General Services Administration (GSA) for explosion protection for ballistic or explosion protection. These types of standards would be likely to accelerate the access control system demand in the commercial sector.

The Hardware segment is expected to have the highest CAGR during the forecast period

The hardware segment is likely to hold the highest CAGR, due to the increasing adoption of the hardware sales-driven business model. Combined hardware systems such as smart cards, biometric applications, encrypted door controllers, wireless lock systems, and portable hand-held card readers strengthen security and protect property, assets, and people. Now days, organizations realizing the need for security are regulating access for visitors and employees.

Region with largest share:

North America is projected to hold the highest market share dominance is attributable to the growing adoption of cloud computing-based systems and the existence of established players that are developing advanced access control systems in the province. The factors such as the increasing cyber and malware attacks, presence of several governments & security agencies, shifting from passwords to biometric authentication, and deployment of cloud-based IAM are motivating the market growth in this region. Many governments and security organizations are driven to increase security applications in their transactions by the implementation of RFID and biometric systems as cyber and malware attacks rise day-to-day in this area.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR, owing to the rising industrialization, commercialization, and the accelerating demand for security systems in various Asian countries. Furthermore, the increasing terror threats and the emergent number of crime rates are further encouraging the usage of access control systems. China is one of the emerging markets for security systems due to the high growth rate of population, increasing investments for digitalization, and the rising number of R&D activities in the country.



Key players in the market:

Some of the key players profiled in the Access Control Market include 3M, Assa Abloy AB, BioEnable Technologies Pvt Ltd., Bosch Security and Safety Systems, Dormakaba Holding AG, HID Global, Honeywell International Inc., Johnson Controls, Matrix Comsec Pvt. Ltd., NEC Corporation, Paxton Access Ltd., Secom Co., Ltd., Spectra Technovision (India) Pvt. Ltd., STANLEY Convergent Security Solutions, Inc., Thales Group, NEXT biometrics.

Key developments:

In February 2020: ASSA ABLOY Group acquired the United Kingdom-based solution provider, Biosite Systems Ltd. The acquisition is aimed at consolidating its position by providing innovative access control solutions to their customers.

In March 2019: NEXT biometrics partnered with UniComm, an IT security developer and integrator, to sell its biometric access control solutions in the Russian market. NEXT’s fingerprint scanning technology is likely to help UniComm to meet its customers’ demand for best-in-class solutions, which help them master present challenges and stay ahead of the curve.

In August 2019: Johnson Controls partnered with Foxconn to bring advancement in smart building and smart-city technologies with the use of artificial intelligence and machine learning.

Models Covered: 
• Attribute-Based Access Control
• Discretionary Access Control (DAC)
• Identity-Based Access Control
• Mandatory Access Control (MAC)
• Risk-Adaptive Access Control
• Role-Based Access Control (RBAC)
• Rule-Based Access Control 

Services Covered:
• Hosted
• Hybrid
• Managed 

Offerings Covered:
• Controllers
• Database and Software Tools
• Electronic Locks
• Multi-Technology Readers
• Proximity
• Visitor Management System
 
Components Covered:
• Hardware
• Software
• Services

Applications Covered:
• Authentication System
• Detection Systems
• Alarm Panels
• Communication Devices
• Perimeter Security Systems

End Users Covered:
• Commercial
• Education
• Government
• Healthcare
• Industrial
• Manufacturing & Industrial
• Military & Defence
• Residential
• Transport and Logistics

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances