Access Control Market Scope
Access control, a security technique that limiting the access to a system or to physical or virtual resources. In others words, it is the practice of monitoring and controlling access to a building or property using modern electronic means, as opposed to traditional locks and keys. Modern access control utilizes electronic credentials or biometric recognition to grant or deny access to a facility. The market growth can be directly linked to the growth of the commercial sector and increased security threats across the world. The adoption of access control systems is growing in the existing and potential market segments, such as banking and finance, enterprises, retail, and hospitality.
According to AMA, the Global Access Control market is expected to see growth rate of 7.5% and may see market size of USD11.89 Billion by 2026.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Access Control market throughout the predicted period.
SSA ABLOY AB (Sweden), Johnson Controls International plc (Ireland), dormakaba Holding AG (Switzerland), Allegion plc (Ireland), Honeywell Security Group (United States), Identiv, Inc. (United States), Nedap N.V. (Netherlands), Suprema HQ Inc. (South Korea), Bosch Security Systems Inc. (United States), Gemalto N.V. (Netherlands) and NEXT Biometrics Group ASA (Norway) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Access Control market by Type (Physical Access Control, Electronic Access Control, Logical Access Control, Network Access Control and Mobile Access Control) and Region with country level break-up.
On the basis of geography, the market of Access Control has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In September 2018, ASSA ABLOY AB (Sweden) acquired Crossmatch (US), one of the leading providers of biometric identity management and secure authentication solutions. This acquisition will enhance ASSA´s position as the world’s one of the leading biometric companies and provides complementary growth opportunities.
In March 2019, NEXT biometrics partnered with UniComm, an IT security developer and integrator, which will sell its biometric access control solutions in the Russian market. NEXT’s fingerprint scanning technology will help UniComm to meet its customers’ demand for best-in-class solutions which help them master today’s challenges and stay ahead of the curve
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance.
- Increasing Adoption of Access Control as A Service (ACaaS)
- Growth of IoT-Based Security Systems With Cloud Computing Platforms
- High Adoption of Access Control Solutions Owing to Increasing Crime Rates Globally
- Technological Advancements and Deployment of Wireless Technology in Security Systems
- Implementation of Mobile-Based Access Control
- Increasing Urbanization in Emerging Countries
- High Cost and Perception of Unreliability
- Less Awareness Among Users About Advanced Security Solutions
- Security Concerns Related to Unauthorized Access and Data Breach in Access Control Environment
Key Target Audience
Access Control System Manufacturers, Component Manufacturers, Service Providers, System Integrator, Government Organisation, End Users and Others