PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1392137
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1392137
Door Access Control System Market size is poised to record over 9% CAGR from 2023-2032, driven by the rising integration with IoT and cloud-based solutions. For enhancing flexibility and scalability, the integration of these cutting-edge technologies is facilitating remote monitoring, management, and real-time access control from anywhere. Cloud-based access control systems have grown largely popular as they assist to maintain compliance with industry regulations as it provides robust audit trails. The growing need for scalability in organizations will also outline the market growth.
The overall door access control system industry is segmented into model, component, end-use industry & region.
In terms of model, the market share from the discretionary access control (DAC) segment may witness over 8% growth rate from 2023-2032 due to growing penetration in business premises and residential settings. This model of door access control systems is simpler to implement and understand in comparison to other access control models, such as mandatory access control (MAC). Benefits, such as greater flexibility, customization, and adaptability to meet the surging need for personalized access control in diverse environments will also drive the segment growth.
Based on end-use, the door access control system industry value from the military & defense segment is expected to expand at commendable CAGR from 2023-2032. Due to the higher need for strict physical security measures in military and defense installations, door access control systems are recording widespread usage to limit unauthorized personnel from gaining entry to restricted zones whilst protecting classified information, equipment, and sensitive operations. These systems also allow military and defense organizations to manage and monitor personnel movement within their facilities as they help assign access levels and permissions to individuals based on their roles and security clearances.
Regionally, the Asia Pacific door access control system market size is projected to record over 10.5% CAGR through 2032. The rising rate of urbanization and the growing middle-class population is leading to the surge in commercial and residential spaces. As per findings from People Research on India, the size of India's middle class may nearly double to 61% of its total population by 2047. The rapid expansion of the IT and healthcare is further necessitating the adoption of smart building technologies. The rising regulatory and government support to improve security infrastructure will also prove favorable for the regional industry growth.