Report

Access Control Market Size, Share & Trends Analysis - Global Opportunity Analysis and Industry Forecast 2030

  • Publish Date: Jun,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global access control market size was US$ 10,345.5 million in 2021. The global access control market is forecast to grow to US$ 16,531.2 million by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
In any computing system, access control is a security measure that averts unauthorized access to resources. Access is granted both logically and physically. The majority of current access control systems are based on a mix of servers and workstations, wherein servers keep track of all system configurations and historical data, handle communications, and deliver real-time statistics and reports to the workstations.

Factors Influencing the Market
The growing cases of terrorist attacks and organized crimes will drive the demand for access control during the forecast period. Furthermore, the benefits of access control systems, such as quick and efficient real-time reactions, high accuracy, etc., will fuel the growth of the access control market during the study period.
Smart cards, biometric devices, and electronic gadgets are all useful for enhancing security and authentication in the commercial, government, industrial, and residential sectors. Access control systems are also installed in highly restricted areas, nuclear reactors, and organizations to improve the security of people and assets. Thus, these applications of the access control system will escalate the growth of the global market.
Many access control systems employ a single sort of authentication; however, multifactor identification is expected to gain substantial traction in the coming years. Growing technological advancements to boost the security of the people and place will benefit the access control market. On the contrary, security and privacy risks related to unauthorized access may limit the adoption of access control technology.

COVID-19 Impact Analysis
The COVID-19 pandemic affected the industry players as most of the product launches declined drastically. In addition to that, global lockdown restrictions and insufficient availability of raw materials also hampered the growth of the access control market. However, the market may witness sharp growth post-pandemic due to growing initiatives by government bodies to strengthen the security of places.

Regional Analysis
The global access control market may experience a rise in deployment in North America because of the growing cases of hacking in the United States. Similarly, as IT has become more strengthful, the region has increasingly adopted the practice of BYOD, which allows employees to bring their own devices to work. Thus, these factors will drive the growth of this regional market. The Asia-Pacific access control market will also record a substantial growth rate due to the growing support by government bodies to boost the security of public places.

Competitors in the Market
Thales Group
NEC Corporation
Hanwha Techwin Co Ltd
3M Cogent Inc
Honeywell Security Group
Dormakaba Holding AG
Bosch Security Systems Inc.
Gemalto NV
Suprema HQ Inc.
Assa Abloy AB
Other Prominent Players

Market Segmentation
The global access control market segmentation focuses on Component, Industry, Product, and Region.
By Component
Hardware
Software
Services
By Industry
Commercial
Residential
Government
Industrial
Transport
Healthcare
Military & defense
Others
By Product
Card reader & access control
Biometric reader
Electronic locks
Software
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America