Access Control Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Semiconductor & Electronics
Report Code - OMR-SE-298
Format: PDF, PPT, and Excel
Access Control Market to Widen its Growth to 7.9% CAGR During Forecast; Increased Customer Demand Brought on by Epidemic, Growing Dependency On Businesses, and Increased Consumer Demand for Mobile Access Control Systems to Ignite Market Growth
Access control regulates what or who can access data or programs within a computer system. It is a pillar of security theory that contributes to the safety of an establishment. To restrict entry, both physical and intellectual measures can be employed. A system for controlling access can limit access to premises, spaces, and tangible IT assets. Logical access control can restrict connections to networks, files, and data.
The global COVID-19 pandemic has drastically altered corporate policies and procedures. In virtually all organizations, employees have abandoned the office in favor of remote work. Businesses are starting to use complex multifactor mobile access solutions to safeguard sensitive company data and networks from the increasing number of remote workers. The COVID-19 pandemic has accelerated the global IT industry's construction of new security approaches and capabilities.
Key Takeaways of the Access Control Market
By Type
During the forecast period, the DAC market is anticipated to generate the most revenue. DAC speaks to secure access control that permits or denies access to an object based on rules determined by the object's owners and subjects.
By Component
The increasing prevalence of business models based on hardware sales suggests that this industry will have the largest market share. Companies are now imposing restrictions on who can enter their buildings and how often they can do so.
By Region
North America will dominate the market in 2022. Significant investments have helped them maintain their unique global wireless infrastructure and security position. Improvements drive increased demand for wireless access management systems to the nation's surveillance network.
Contactless Applications and Terror Attacks Will Drive Exponential Growth
In the past, an extremely controlled technical and legal framework has existed for using contactless biometrics in armed control of access and civil or criminal identification applications. However, contactless biometrics are utilized in every industry, from the company and financial services industry (BFSI) to healthcare, education, and even the military. Industrial consumers' acceptance and comprehension of this technology have increased significantly in recent years.
Demand is driving growth in revenue in the access management as a service (ACaaS) market. AcaaS, which stands for "Access Control as a Service," is a cloud-based utility that provides access control through Software as a Service (SaaS). All-access control hardware is still on-site, whereas servers and software have been withdrawn from the workplace and stored in vast data centers. Typically, security companies charge clients an ongoing charge corresponding to the number of entrances or individuals they monitor.
Rising Mobile Access Control System Demand to Mitigate Valuable Growth
Due to the prevalence of mobile devices, enterprise mobility is now a top priority for businesses. The dramatic rise in demand for mobile technology can be attributed to the introduction of business mobility. 54% of businesses, according to a 2016 survey by HID Global, will adopt a mobile access control solution within the next three years. Mobile credentials are a well-liked product of mobile-based solutions. Most authentication cards are not encrypted, allowing for simple duplication.
Biometric information collected from a mobile device enhances security in multiple contexts. Smartphones are viewed as a complementary new platform that will expand the market for authentication systems, enhance user security, and make life easier for end users.
Global Access Control Market Prominent Players
• Honeywell International Inc (U.S.)
• ASSA ABLOY group (Sweden)
• Gemalto N.V (Amsterdam)
• Identiv, Inc (U.S.)
• Bosch Security System Inc (U.S.)
• TED Systems, Lenexa, K (U.S.)
• Allegion plc (Ireland)
• Centrify Corporation (U.S.)
• Nedap N.V. (Netherlands)
• Dots Info Systems (India) Pvt. Ltd. (India)
• Matrix Comsec Pvt. Ltd (India)
• Perco (Russia)
Report Scope for Access Control Market
Type
• Discretionary Access Control (DAC)
• Role-Based Access Control (RBAC)
• Mandatory Access Control (MAC)
• Others
Branding
• Hardware
o Validation Systems
 Fingerprint Scanners
 Facial Recognition Devices
 Smart Cards
 Others
o Identification Systems
 Motion Detectors
 Door/Window Sensors
 Others
• Software
o Integrated Software
o Facial Recognition Software
o Iris Recognition Software
o Others
• Services
Application
• Government
• Industrial
• Commercial
• Transportation & Logistics
• Healthcare
• Military & Defense
• Others
Access Control Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
*Our reports are available on a region/wise and chapter/wise basis as well. For any additional personalization contact our sales representative directly at sales@objectivemarketresearch.com