The size of the global access control market is expected to grow from USD 10.95 billion in 2023 to USD 16.27 billion by 2028, growing at a CAGR of 8.24% from 2023 to 2028.
Access control prevents harmful viruses and intruders from misusing personal data by offering security from hacking. The increasing security threat across the globe, technological progressions, and rise in urbanization are a few factors promoting the access control market. Access control includes several products like electronic locks, biometrics, proximity, servers, smart cards, and so on. Many corporate employees use mobile devices to access their corporate data, increasing the risk of being attacked. Recently, the use of access control, such as smart cards, biometric data and others to protect against criminal and terrorist activities. Contactless access controls are increasingly employed in industries like construction, oil and gas, and processing plants. The deployment of wireless techniques in the security system is a pivotal element for the target market. Wireless access control sends information through a wireless radio signal, where these wireless sensors are portable and track all kinds of unique things around the house, with real-time alerts that 'they keep up with what's going on. In addition, wireless intrusion detection and prevention systems assist in avoiding security breaches by alerting the administrator of the network.
The growing usage of access control in the healthcare industry is propelling global market growth. With regard to end-user industries, the health sector should stimulate technological transformation within the market. Essential health information may be linked to a duplicate or incorrect medical record. This affects patient safety and the reputation of the hospital. The rise in the number of data breaches in U.S. healthcare has resulted in the adoption of biometric analytics. In 2018, companies like Qualcomm Life, Philips, ForgeRock, Arm, Sparsa and U.S. TrustedCare declared that they joined hands to develop "OpenMedReady", a standards organization that aims to ensure the accuracy of patient data used by health professionals. They said recognition of fingerprints on smartphones is likely to be a key part of their framework, as a means of directly linking medical data to patients. Restricting direct access to private health information is a prominent way to increase the overall security of patient data. Multifactor authentication, which requires users to verify their identity using two or more validation methods, is one of the most recommended approaches that a health sector can use.
The growing need for high-alert security in the corporate world is expected to fuel the growth of the global access control market in the future. Due to technological developments and increasing urbanization, the incidence of data piracy has increased; This in turn should stimulate the market in the future. One of the main drivers of the global market is the growing threat of hacking worldwide. With the increase in the rate of criminal and terrorist activity, the demand for access control is expected to drive growth in the global access control market. The advanced level of data security involves access to corporate information, which is also determined to develop in the following years. The growth of the global access control market is further driven by the high adoption of access control solutions due to rising crime rates worldwide, technological advances and the deployment of wireless technology in security systems. Also, the deployment of IoT-based security systems along with cloud computing platforms is promoting the growth potential in the global access control market.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
8.24% |
Segments Covered |
By Technology, End User and Region |
Various Analyses Covered |
Global, Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Morpho SA, Assa Abloy AB, Siemens Building Technologies, Gemalto N.V., Honeywell Security Group, NEC Corporation, Kaba International Holding AG, Tyco International Plc, Crossmatch Technologies, Inc., Identiv, Inc., Gunnebo Group, Allegion Plc, and Amag Technology, Inc. |
This research report on the global access control market has been segmented and sub-segmented based on technology, end-user and region.
Global Access Control Market - By Technology:
Global Access Control Market - By End-User:
Global Access Control Market – By Region:
The access control solution has been widely adopted in the past decade in various industries, businesses, and residential properties in North America, Europe, Asia-Pacific and the rest of the world. Of these, Asia-Pacific is predicted to grow with the highest CAGR during the forecast period. The growth of the Asia-Pacific region is due to greater acceptance by foreign companies that establish their manufacturing plants. Thanks to this, several regional and local IT companies and companies have been created, which should create a need for more security for your assets. In nations like China, Japan and India, there is a huge revolution in residential characteristics. The main growth factor for residential access control is urbanization.
Moreover, countries like the USA, Canada, Germany and the United Kingdom already have established markets. These countries and some other European countries were the first to adopt the access control solution in offices and residential premises. North America was the dominant region in 2017 due to planned residential areas, office space, and commercial and government properties. However, recent immigration to the United States has placed many citizens at risk of theft or intrusion into the perimeter. This has also resulted in the expansion of the access control market in the United States.
KEY MARKET PLAYERS:
Companies playing a major role in the global access control market are Morpho SA, Assa Abloy AB, Siemens Building Technologies, Gemalto N.V., Honeywell Security Group, NEC Corporation and Kaba International Holding AG. Other key players influencing the global market include Tyco International Plc, Crossmatch Technologies, Inc., Identiv, Inc., Gunnebo Group, Allegion Plc and Amag Technology, Inc.
RECENT HAPPENINGS IN THE MARKET:
Frequently Asked Questions
The global access control market is expected to be worth USD 10.95 billion in 2023.
North America, Europe, and Asia-Pacific are among the leading contributors to the global access control market share, with increased demand for security solutions across various industries.
The rising need for enhanced security measures, increasing instances of unauthorized access, regulatory compliance requirements, and the integration of access control systems with advanced technologies are driving the global access control market growth.
Morpho SA, Assa Abloy AB, Siemens Building Technologies, Gemalto N.V., Honeywell Security Group, NEC Corporation and Kaba International Holding AG are some of the major players in the global access control market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region