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Access Control Market Trends, Growth, Forecast and Study Analysis 2022-2028

Access Control Market Size, Share & Segment By Offering (Hardware, Software, Service) By Service (Managed, Hosted, Hybrid) By Industry Vertical (Commercial, Government, Education, Manufacturing & Industrial, Military & Defense, Residential, Healthcare, Transportation), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/1971 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Access Control Market Size was valued at USD 8.9 billion in 2021, and is expected to reach USD 15.7 billion by 2028, and grow at a CAGR of 8.5% over the forecast period 2022-2028.

Access control refers to a type of instrument where a mechanism allows or invalidates the right to access certain information or performs certain functions in order to enhance security by allowing the individual to change the site security settings and control user access simultaneously. These solutions are based on maintaining personal identity with biometrics or access card. They guarantee the same to give access somewhere in the business. It helps prevent unauthorized viruses and hackers from misusing personal information and protecting personal data from being hacked.

Access Control Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Continuous technological advancements and an increase in the deployment of wireless security systems.

  • Rising use of IoT-based security systems in conjunction with cloud computing platforms.

  • Globally, the number of terrorist attacks and organised crime is increasing.

RESTRAINTS:

  • Concerns about security and privacy in the access control environment stem from unauthorised access and data breaches.

  • Access control systems have high installation, maintenance, and ownership costs.

OPPORTUNITIES:

  • Emerging countries are experiencing rapid urbanisation.
  • Mobile-based access control is becoming more widely used.
  • Smart city initiatives are proliferating all over the world.

CHALLENGES: 

  • Users are less aware of the availability and benefits of advanced security solutions.

IMPACT OF COVID-19: 

The access control market has seen unprecedented growth over the past decade due to growing market competition. This, in turn, increases the need for offline biometrics and smart card protection environment solutions. However, due to COVID-19, the industry faced a major crisis, which has led to the simultaneous collapse of service delivery and demand. The market has been driven by a huge increase in demand for access control solutions for various verticals over the past few years. However, the epidemic has caused a slowdown in market growth. The market is expected to regain its growth momentum as consumer industries begin to recover from the effects of the epidemic.

Based on Offering, the access control market is segmented into hardware, software and service. Hardware sector is more bifurcated into Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Controllers and others.

Biometrics is one of the fastest growing technologies used to protect perimeters. Biometrics enables the identification of a person's physical features in order to provide controlled physical access to infrastructure. These technologies are increasingly used in government institutions, manufacturing industries, power stations, defense centers, and companies. In addition, voice recognition and facial recognition are a non-contact, non-disruptive, and easy-to-use technology for biometrics. It is a non-invasive method of identifying and validating a person who improves the market demand for biometric readers during forecasting.

Based on Industry verticals, the access control market is segmented into Commercial, Government, Education, Manufacturing & Industrial, Military & Defense, Residential, Healthcare and Transportation.

Residential vertical is expected to grow at a much higher rate during forecasting. As the rate of theft and burglary increases worldwide, security becomes a major concern for people, residences, and private residences. In smart homes, access control systems are used to improve safety and security. Individuals are allowed to enter smart homes using biometric technology or non-biometric technology such as numerical codes. Recent technological advances have expanded the effectiveness of access control systems, providing greater flexibility and ease of use for users. This is expected to play a major role in keeping the residential real estate market afloat.

COMPETITIVE LANDSCAPE:

The key players in the access control market are dormakaba Holding, Johnson Controls, Honeywell International, Nedap, Thales Group, NEC Corporation, ASSA ABLOY, Allegion plc, Identiv, Inc, Suprema HQ, Bosch Security Systems and Other key players.

MARKET SEGMENTATION:

BY OFFERING

  • Hardware

  • Software

  • Service

BY SERVICE

  • Managed

  • Hosted

  • Hybrid

BY INDUSTRY VERTICAL

  • Commercial

  • Government

  • Education

  • Manufacturing & Industrial

  • Military & Defense

  • Residential

  • Healthcare

  • Transportation

Access Control Market Segment Pie Chart

REGIONAL ANALYSIS:

APAC is expected to hold the largest market share and provide many opportunities for market growth during the forecast period, due to industrial developments and the great need for security systems in the region. The growing adoption of access control systems for small and medium enterprises, tourist businesses, airports, ATMs, banks, residences and religious sites is expected to further the growth of the access control market. The APAC access control market is driven primarily by trade, military and defense, government, and industry. The growing risks of terrorist intimidation and crime rates and the low police force - in the population of APAC countries are also expected to create greater demand for access control systems. The market in this region has been studied by China, Japan, India, South Korea, and APAC as a whole.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Access Control Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 8.9 Billion
Market Size by 2028 US$ 15.7 Billion
CAGR CAGR of 8.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Offering (Hardware, Software, Service)
• By Service (Managed, Hosted, Hybrid)
• By Industry Vertical (Commercial, Government, Education, Manufacturing & Industrial, Military & Defense, Residential, Healthcare, Transportation)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles dormakaba Holding, Johnson Controls, Honeywell International, Nedap, Thales Group, NEC Corporation, ASSA ABLOY, Allegion plc, Identiv, Inc, Suprema HQ, Bosch Security Systems and Other key players.
DRIVERS • Continuous technological advancements and an increase in the deployment of wireless security systems.
• Rising use of IoT-based security systems in conjunction with cloud computing platforms.
• Globally, the number of terrorist attacks and organised crime is increasing.
Restraints • Concerns about security and privacy in the access control environment stem from unauthorised access and data breaches.
• Access control systems have high installation, maintenance, and ownership costs.


Frequently Asked Questions (FAQ) :

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

due to COVID-19, the industry faced a major crisis, which has led to the simultaneous collapse of service delivery and demand.

The market has been segmented with respect to offering, service, industry vertical.

The market value will be expected to reach USD 15.7 billion by 2028, and grow at a CAGR of 8.5% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Access Control Segmentation, by offering

8.1Introduction

8.2 Hardware

8.3 Software

8.4 Service

 

9. Access Control Segmentation, by service

9.1 Introduction

9.2 Managed

9.3 Hosted

9.4Hybrid

 

10. Access Control Segmentation, by Industry Vertical

10.1 Introduction

10.2 Commercial

10.3 Government

10.4 Education

10.5 Manufacturing & Industrial

10.6 Military & Defense

10.7 Residential

10.8 Healthcare

10.9 Transportation

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Johnson Controls

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 dormakaba Holding

12.3 Honeywell International

12.4 Nedap

12.5 Thales Group

12.6 NEC Corporation

12.7 ASSA ABLOY

12.8 Allegion plc

12.9 Identiv, Inc

12.10 Suprema HQ

12.11 Bosch Security Systems

12.12 Others

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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