Pulished Date June, 2019
ID: 8306
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Access Controls Market by Component (Hardware Card-Based Readers, Biometric Readers, Electronic Locks, Controllers, and Software), Service (Installation, Maintenance, & ACaaS), Vertical, by Region - Industry Analysis, Size, Share, Growth, Investment, and Global Forecasts (2018–2023)

Pulished: June, 2019
ID: 8306
Pages: 170

Tags: Tag2, Tag_3

Access Controls Market Overview:

The Access Controls market is a fast-growing  market which is majorly driven by the rising demand for the card based readers technology in the commercial vertical of the world. The  market is anticipated to reach a total of USD 11.19 billion by the end of 2023 at an 8.28 % CAGR.

Access Controls Market Recent Developments:

Alcatraz AI, a startup working on facial authentication to create a frictionless access control, has announced the launch of a platform with customized hardware on the edge, software on-premises and in the Cloud.Access Controls Market Value and Growth:The size of the  Access Controls Market was around USD 7.52 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 8.28 % to reach close to USD 11.19 Billion by the end of the forecast period.

Access Controls Market Drivers and Restraints:

The rising demand for card-based readers is the main reason for the growth of the  access controls market in the mentioned forecast period. Also, the fast-evolving world calls for the use of such systems which need less human intervention and longer functioning time.

However, the  concentration of the access controls market is a significant restraint to the  market. Also, the unpredictable development in the  market may prove to restrain the growth of the access controls market in the coming future.

Access Controls Market Segmentation Analysis:

By Component

Based on the component the access controls market is categorized into Card-Based Readers, Controllers, Biometric Readers, Software, and Electronic Locks. Among the mentioned components the card-based readers' segment is anticipated o lead the  market in the forecast period. This is mainly due to the prevailing advantage of the card based readers over biometric and electronic locks. The rising demand for smart cards with high proximity is the reason for the proposed domination of this segment in the  access controls market in the forecast period.

By Service

Based on the service provided the  access controls market is categorized into Installation, Maintenance, and ACaaS. Of the mentioned services the installation segment is anticipated to witness the highest growth rate in the forecast as mentioned earlier period. The complexity involved in the installation process is the reason for the interest of significant participants in this segment.

By Vertical

By vertical the commercial vertical is considered to be the largest adopter of the access controls in the  market. The use of access control systems such as card-based readers is majorly in demand at enterprises & data centers, banks & financial centers, hotels, retail stores & malls, and entertainment areas. The rising demand due to the comfort it gives the users are the drivers to the growth of the commercial vertical on the  scale.

Access Controls Market Geographical Analysis:

By geography, the  access controls market is segmented as Latin America, Europe, Asia Pacific, North America, and Middle-East & Africa. North America region leads the  Access Controls market by both value and volume, as of 2018. The situation of all the market key players in this region is the main reason for its leading market position. However, this region is only the second fastest growing in the world following the Asia Pacific region.

Europe is second in the lead in the  market for access control market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Access Controls market in Europe. Also, the technological supremacy of Europe and North America over the rest of the world is the vital condition which facilitates them to develop in this emerging field, creating the eye-catching performance in the  marketThe Asia Pacific region is the next largest market share holder in the year 2018, in terms of value and volume. This region is expected to be the fastest growing regional market for Access Controls owing to the future opportunities offered in this region and interest shown from the top leading key companies in the Asia Pacific region, mainly towards India, China, and Japan which is the cause for such growth rate. The regional advantages offered this region, such as ease of setup and cheap resources, and a large number of skilled population is a significant reason for this region’s advancement in the  market.On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Access Controls Market in these regions is slow growing in nature.

Access Controls Market Key Market Players:

By the end of 2018 ASSA ABLOY AB (Sweden), Salto Systems K.S. (Spain), NEC Corporation (Japan), dormakaba Holding AG (Switzerland), Cisco Systems (US), Time and Data Systems International (UK), Nedap N.V. (Netherlands), AMAG Technology (US), Cansec Systems (Canada), Gunnebo (Sweden), Identiv, Inc. (US), Axis Communications (Sweden), Godrej & Boyce Mfg.Co. Ltd. (India), Lenel Systems International (US), Allegion plc (Ireland), Kisi Inc. (US), Johnson Controls International plc (Ireland), Suprema HQ Inc. (South Korea), Panasonic Corporation (Japan), 3M Company (US), Bosch Security Systems Inc. (US), Honeywell Security Group (US), and Gemalto N.V. (Netherlands) are the leading shareholders of the  market for Access Controls. There is a constant competition between these companies regarding the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.

Access Controls Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. Wider segmentation to better understand the dynamics of the market at a very small level by dividing the market to smaller segments.
  4. Address the key market challenges, drivers and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Market Share Analysis                           

                5.2 Product Benchmarking                          

                5.3 Regional Presence                   

                5.4 Mergers & Acquistion Landscape                      

                5.5 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Access Control Market, by Component                          

                                6.1.1 Card-Based Readers           

                                6.1.2 Controllers              

                                6.1.3 Biometric Readers               

                                6.1.4 Software  

                                6.1.5 Electronic Locks     

                                6.1.6 Market Size Estimations & Forecasts (2018-2023)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Access Control Market, by Service                   

                                6.2.1 Installation              

                                6.2.2 Maintenance         

                                6.2.3 ACaaS        

                                6.2.4 Market Size Estimations & Forecasts (2018-2023)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Access Control Market, by Vertical                   

                                6.3.1 Commercial Vertical            

                                6.3.2 Others      

                                6.3.3 Market Size Estimations & Forecasts (2018-2023)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Service

                                7.2.4 By Vertical               

                                7.2.5 Y-o-Y Growth Rate Analysis             

                                7.2.6 Market Attractiveness Index          

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Service

                                7.3.4 By Vertical               

                                7.3.5 Y-o-Y Growth Rate Analysis             

                                7.3.6 Market Attractiveness Index          

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Service

                                7.4.4 By Vertical               

                                7.4.5 Y-o-Y Growth Rate Analysis             

                                7.4.6 Market Attractiveness Index          

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Service

                                7.5.4 By Vertical               

                                7.5.5 Y-o-Y Growth Rate Analysis             

                                7.5.6 Market Attractiveness Index          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Service

                                7.6.4 By Vertical               

                                7.6.5 Y-o-Y Growth Rate Analysis             

                                7.6.6 Market Attractiveness Index          

8. Key Player Analysis                                    

                8.1 ASSA ABLOY AB                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Salto Systems K.S.                   

                8.3 NEC Corporation                      

                8.4 dormakaba Holding AG                         

                8.5 Cisco Systems                            

                8.6 Time and Data Systems International                              

                8.7 Nedap N.V.                

                8.8 AMAG Technology                  

                8.9 Cansec Systems                        

                8.10 Gunnebo                  

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by component,by service, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Access Control  Market By Region, From 2018-2023 ( USD Billion )
  2. Global Access Control  Market By Component, From 2018-2023 ( USD Billion )
  3. Global Card-Based Readers Market By Region, From 2018-2023 ( USD Billion )
  4. Global Controllers Market By Region, From 2018-2023 ( USD Billion )
  5. Global Biometric Readers Market By Region, From 2018-2023 ( USD Billion )
  6. Global Software Market By Region, From 2018-2023 ( USD Billion )
  7. Global Electronic Locks Market By Region, From 2018-2023 ( USD Billion )
  8. Global Access Control  Market By Service, From 2018-2023 ( USD Billion )
  9. Global Installation Market By Region, From 2018-2023 ( USD Billion )
  10. Global Maintenance Market By Region, From 2018-2023 ( USD Billion )
  11. Global ACaaS Market By Region, From 2018-2023 ( USD Billion )
  12. Global Access Control  Market By Vertical, From 2018-2023 ( USD Billion )
  13. Global Commercial Vertical Market By Region, From 2018-2023 ( USD Billion )
  14. Global Others Market By Region, From 2018-2023 ( USD Billion )

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