Access Control System Market Share, Size, Trends, Industry Analysis Report, By Type [Hardware (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Controllers, Others), Software, Services]; By End Use; By Regions; Segment Forecast, 2020 - 2027
- Published Date:Dec-2020
- Pages: 113
- Format: PDF
- Report ID: PM1760
- Base Year: 2019
- Historical Data: 2016 - 2018
Report Outlook
The global Access Control System market was valued at USD 8.52 billion in 2019 and is expected to grow at a CAGR of 8.0% during the forecast period. Demand for Access Control Systems is driven by several factors such as tough regulations by the government for increasing security levels, increasing smart homes in developing regions, etc. However, factors such as high cost of installation and high software complexity restrain market growth. The increasing adoption of IoT is expected to be a driving factor for the growth of RFID card-based technology. The demand for RFID card-based technology is expected to witness growth over the forecast period owing to the advantages and efficiency associated with RFID products.
Access control is an essential component of data security that controls both physical and virtual access unless authentic credentials are given. Physical access control is concerned with the control of who or when a person can enter a specific area or location. The physical version of an access control system uses an ID card or biometric information as a secure authentication method. Virtual access control, on the other hand, makes use of passwords and pin codes to limit connections to data and computer networks.
There are four main types of access controls in the access control systems market. They include discretionary access control (DAC), mandatory access control (MAC), role-based access control (RBAC), and attribute-based access control (ABAC). Companies typically go with the method that makes the most sense based on their unique security and compliance needs. There are numerous benefits of using access control systems, such as easier access for employees, no need for traditional keys, protection against unwanted visitors, and employee freedom. Furthermore, access control systems reduce the risk of theft and offer protection against data breaches.
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Industry Dynamics
Growth Drivers
Enhanced features associated with the Access Control System, increased demand is being witnessed from various industries, especially corporate offices, and hospitality. Besides these, high demand from the education and healthcare industries is also expected to drive demand. In the education industry, the biometric access control system, in addition to granting entry, manages attendance as well. While, in the healthcare industry, entry systems restrict the entry of certain individuals in restricted areas. Henceforth, the increasing application of PACS across various industries is expected to drive the demand.
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Access Control System Market Report Scope
The market is primarily segmented on the basis of type, end-user, and geography.
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Insight by Type
Based upon type, the global Access Control System market is categorized into hardware, software, and services, which is further segmented into several sub-segments. In 2019, biometric segment accounted for the large share. This high segment share can be attributed to advent of fingerprint recognition, face recognition, palm recognition, iris recognition and voice recognition. The concerned technology enables identification of individual’s physical parameters to provide access to any infrastructure. Moreover, the implementation of such technology to varied industry verticals also paving its high adoption.
Insight by End-Use
Based on end-use, the global market is categorized into commercial, military & defense, government, residential, education, healthcare, manufacturing & industrial, transportation, and others. In 2019, the residential segment accounted for the largest revenue share in the overall market. The segment is witnessing higher adoption of access systems to prevent theft and burglary cases. Moreover, technological advancements, home automation, an increase in crime rates, and the rising need to detect fire and gas leaks to ensure family safety are expected to drive the demand for Access Control Systems.
Geographic Overview
Geographically, the global market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is the largest revenue contributor followed by Europe and Asia Pacific. The growth in North America can be attributed to technological advancements and rising cases of crime-related activities.
The card-based security system is an emerging technology used by a range of end-users such as financial institutions, healthcare centers, and commercial buildings. Majority of the private sector companies have started using card-based entry systems to establish the authenticity of the person entering the premises.
The proximity card is the most widely used card-based authentication system for identification of individuals entering premises or restricted areas. The technology requires the card to be held within the range of the card reader, which reads information from the card and sends a signal to the controller. The controller then grants or denies access to the individuals. The proximity card system is extremely secure and is less prone to damage, hence reducing the cost of replacement.
Asia Pacific is projected to register the highest growth over the forecast period. The factors responsible for its growth include increasing per capita income, and the compulsion of high-end building complexes, offices, and private bungalows with the need for these systems. The countries in the region are looking for inexpensive versions of PACs. In line with this, they are looking out for keypad-based PACs.
Entry systems comprise only keypads as a physical access control system, i.e., single-modal keypad access control system, are the products taken into this segment’s consideration. Such equipment is majorly used for single door access systems and is inexpensive, and easy to use; however, they are less secure.
Competitive Insight
Some major players operating in the market include Honeywell International, Allegion, Avigilon, Bosch security, Johnson controls, 3M Cogent Inc., Aware Inc., Bio-Key International Inc., Axis Communications, Assa Abloy, United Technologies Corporation, Digital Persona Inc., Morphotrak LLC, NEC Corporation, and Secugen Corporation. In Year 2017, Honeywell International signed a definitive agreement for the acquisition of Nextnine, the U.S.-based provider of physical access control solution, services, and technologies.
Recent Development
- November 2023: Suprema Inc. introduced the BioStation 2a. This advanced, high-performance device uses an AI processor to provide incredibly quick and precise fingerprint recognition.
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December 2023: Thales teamed up with SK Telecom, a top Korean mobile operator, in order to improve the security of subscribers' identity and privacy by implementing post quantum cryptography (PQC) on 5G networks.
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