Global Access Control Market Size, Share, Growth Analysis, By Component(Hardware- Authentication System (Biometric, Card-Based), By Type(DAC, MAC), By Application(Homel, Security) - Industry Forecast 2023-2030

Global Access Control Market size was valued at USD 8.5 billion in 2021 and is poised to grow from USD 9.18 billion in 2022 to USD 17 billion by 2030, growing at a CAGR of 8% in the forecast period (2023-2030).

The access control system, which has developed into one of the key elements of business security departments, safeguards the perimeter as well as high-level data and assets. It's undeniable that this system demand is developing and shifting swiftly across sectors. greater liability, a new risk source, and mandatory compliance are the key factors driving the system's need for greater security. It prohibits unauthorised users from utilising or entering the facilities. The security business is predicted to undergo a rapid shift as a result of the introduction of cloud computing and wireless access facilities, which will feed demand for access control systems. The rise in smart infrastructure projects, including smart homes and buildings, will also increase the demand for physical protection.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Access Control Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The Global Access Control Market is segmented based on the Component, Type, Application and Region. Based on the Component, the Global Access Control Market is segmented as Hardware- Authentication System (Biometric, Card-Based, Touch Screen and Keypads, Door Contacts, Intruder Alarm System) and Detection System (Motion Detector, Glass Break Detector, Door / Window Sensor ), Software, Services (Training and Consulting, Installation and Integration, Maintenance and Support). Based on the Type, the Global Access Control Market is segmented as DAC, MAC and RBAC. Based on the Application, the Global Access Control Market is segmented as Homeland Security, Commercial, Residential and Industrial. Based on Region Access Control Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The landscape of access control systems will change as multifactor and multimodal authentication become more commonplace.

The development of a multifactor and multimodal authentication system is a crucial part of digital access. Multifactor authentication is getting a lot of attention due to the increase in security requirements. In many industries, including the oil and gas, utility, electrical, and other key infrastructure, physical security based on a two-factor authentication system is essential. Customers that need a high level of security in the business sector are growing more accustomed to the multifactor authentication approach. The development of multimodal readers, which permit key cards, pin pads, mobile devices, and biometrics all in one device, has increased the demand for two-factor authentication systems. The system's high level of security and simplicity of network access work together seamlessly.

Restraint

Costly initial setup

There are numerous options for access control technologies, each with their own set of benefits and features. Only a few systems that show price variance are smart cards, keypads, biometric systems, and smartphone systems. Systems with locks based on physical keys might not be very expensive. The cost of altering or rekeying the locks, however, may be significant. The cost of the system could also go up if more levels of security are added. These systems, which include biometrics, card-based systems, intercom or buzzer systems, and others, cost more upfront because they offer a higher level of security and functionality. Thus, expensive systems might have an effect on adoption as a whole.

Market Trends

Because of the increased use of smartphones and other mobile devices, the business sector's emphasis on organisational mobility practises has altered. Due to the significant trend towards business mobility, there is a greater need for mobile technologies. 54% of organisations will transition to mobile access control systems during the next three years, according to a 2021 HID Global research. Mobile credentials are one of the most popular components of solutions based on mobile technology. The majority of identification cards are not encrypted and are easily duplicable. Because of this, credential networks based on SEO technology are growing in popularity across industries.