Access Control Global Market Report 2024

Access control is a security system managing data and premises entry. It regulates resource access via authentication methods such as PINs or user verification, safeguarding corporate assets.

Primary access controls include card-based and biometrics. Card-based systems issue unique alphanumeric codes, matching user registrations. These operate on-site or in the cloud across diverse sectors such as commercial, military, government, residential, education, healthcare, manufacturing, transportation, and hospitality.

The access control market research report is one of a series of new reports from The Business Research Company that provides access control market statistics, including access control industry global market size, regional shares, competitors with an access control market share, detailed access control market segments, market trends and opportunities, and any further data you may need to thrive in the access control industry. This access control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The access control market size has grown rapidly in recent years. It will grow from $12.41 billion in 2023 to $13.7 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. Historical growth was driven by the expanded utilization of mobile access control systems and government investments aimed at mitigating the rising number of cyber-attacks.

The access control market size is expected to see rapid growth in the next few years. It will grow to $22.14 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. Forecasted growth is driven by the rise of smart homes, adoption of access control in the hospitality sector, and increased concerns over data security breaches. Key trends include the launch of cloud-based systems, mobile-based solutions, partnerships with hotels for digital guest keys, AI facial recognition, biometric systems, and innovative product releases in the access control market.

The access control market is poised for significant growth, driven in part by the rapid expansion of smart homes anticipated in the forecast period. Smart homes, characterized by internet-connected devices facilitating remote monitoring and management of appliances and systems, underscore the importance of access control in providing both home security and automation. The increasing prevalence of smart homes necessitates connected access control systems that can be accessed remotely. CITyFiED, a Spain-based project funded by the European Union's Seventh Program, forecasts that the number of smart homes in Europe will reach 84 million by 2022, with market leaders Germany, the UK, and France propelling this growth. Notably, the smart home penetration rate in the UK is projected to achieve 63% by 2025. The escalating trend of smart home adoption emerges as a key driver for the access control market.

The access control market is expected to gain significant support from the escalating incidence of data security breaches in the forecast period. Data breaches, where information is illicitly taken from a system without the owner's knowledge or consent, often occur due to weak and forged identification. Access control plays a pivotal role in data security by dictating who is allowed to access and use company information and resources. The increasing frequency of data security breaches is anticipated to drive the adoption of access control measures. For instance, according to Flashpoint Intel, a US-based leader in risk intelligence, their Data Breach QuickView Report in February 2022 revealed a 10% increase in recorded data breaches in the US, with 2,932 incidents in 2021 compared to 2,645 in 2020. Notably, names and social security numbers were the two data types most compromised in terms of security. The rise in data security breaches is expected to propel the growth of the access control market.

The adoption of cloud-based access control is experiencing a notable upswing in the access control market. Cloud-based access control systems are gaining prominence due to their cost-effectiveness and a multitude of advantages, including easy data access, real-time analytics, seamless integration with other systems and software, internal and external data sharing, as well as scalability and flexibility. Key players in the market are strategically focusing on the introduction of cloud-based access control systems to drive their market growth. A case in point is Active Witness, a Canada-based cloud-based access control manufacturer, which, in September 2021, launched SIMA-a cloud-based access control system that integrates facial recognition with QR codes. These QR codes are sent to users' mobile devices, and access requests are processed through Active Witness' cloud-based software and the company's app, available for both iOS and Android platforms.

Product innovation emerges as a key trend, with market players consistently introducing innovative solutions to enhance their product portfolios. An illustrative example is the January 2022 launch by Invixium, a Canada-based biometric access control manufacturer, of the multimodal TFACE access control system. This cutting-edge system features support for four authentication factors, encompassing face and fingerprint biometrics alongside physical and mobile credentials. The facial recognition capability is delivered through a pair of 8MP Sony cameras-one infrared and one traditional RGB. Fingerprint recognition is achieved using a 500dpi optical fingerprint sensor. Additionally, the system accommodates physical RFID cards, mobile credentials, and QR codes that can be stored on standard smartphones. This focus on product innovation underscores the dynamic evolution within the access control market.

In August 2022, Johnson Controls, an American Irish-domiciled conglomerate, acquired Vindex Systems for an undisclosed sum. This strategic acquisition aims to enhance Johnson Controls' suite of interconnected electronic security solutions, fortifying their capacity to safeguard individuals, properties, and assets continuously. Vindex Systems specializes in delivering Intelligent Business Protection solutions, incorporating CCTV, Access Control, ANPR (Automatic Number Plate Recognition), Fire Detection, Disabled Refuge, and PA/VA systems.

Major companies operating in the access control market report are Honeywell International Inc., Robert Bosch GmbH, Assa Abloy AB, Johnson Controls International Inc., Thales Group, Allegion PLC, Hanwha Techwin Co. Ltd., Schneider Electric SE, NEC Corporation, IDEMIA, Matrix comsec, SecurAX Tech Solutions Pvt Ltd., AMAG Technology Inc., CloudWalk Technology Co Ltd., Shenzhen IntelliFusion Technology Co Ltd., NetPosa Technologies Ltd., Hid Global, Gallagher Security (Europe) Ltd., Vanderbilt Industries, Dahua Technology Ltd., British Security Industry Association (BSIA), Fermax Electronica SAU, Delta Scientific Corporation, Userful Corporation, Anviz Global Inc., Vicon Industries, Hikvision, Cloudkeyz, ButterflyMX, Security Enhancement Systems, Openpath, Genea, Sequr Inc., Acura, Agility Technologies Corp (ATC), Wolpac, Absolute Integrated Electronic Solutions, Adax, Aflak Electronics Industries Co, Al Aqili Future Technologies, AI Kawther General Trading, Al Nahr Company for Security Solutions, AL Smari Trading, Ametrad Technology Services Co, Biosec Solutions, BIO-key, BioRugged (Pty) Ltd

Asia-Pacific was the largest region in the access control market in 2023 and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the access control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The access control market includes revenues earned by entities by providing systems that reduce the threat of unwanted access to logical and physical systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Access Control Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on access control market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for access control? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The access control market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Card Based; Biometric Based
• 2) By Vertical: Commercial; Military And Defense; Government; Residential; Education, Healthcare And Others; Manufacturing And Industrial; Transportation; Hospitality
• 3) By Deployment Model: Cloud; On-Premises
• Companies Mentioned: Honeywell International Inc; Robert Bosch GmbH; Assa Abloy AB; Johnson Controls International Inc; Thales Group
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.