Rising installation of access control systems in commercial and other critical industries is resulting into rapid development of global access control market.

It’s being expected that by 2031, the Access Control market cap will hit US$ 50.4 Bn at a CAGR growth of about 12.6%. 

Covid-19 Impact

Covid-19 led disruption has changed the approaches to software, hardware, and service security. The key trends that have influenced the growth of global access control market in 2021 and beyond are rising touchless access control, introduction of advanced control technologies, growing importance of multi-factor authentication, rising adoption of biometric technology, and other such factors.  The key factors such as increase in data thefts, rising security breaches are the key drivers of global access control market. Also, increasing adoption of wireless technologies, growing penetration of Internet of Things are also influencing the growth of global access control market. Furthermore, technological advancements in blockchain technology, cloud computing are positively impacting the global access control market.

This report offers a comprehensive overview of the key elements of the market such as drivers, restraints, opportunities. Furthermore, current market size, growth rate estimates through the forecast span 2021-2028, individual sectors and sub-sectors, countries, and regions contributing majorly to the growth of global access control market are studied in the report. The report gives some recommendations and solutions that help market players take informed decisions in the global access control market.

Software Component Segment Anticipated to Grow Rapidly

The global access control market is classified into hardware, software, and services on the basis of component. Among these, the software component is anticipated to grow significantly in the forecast years 2021-2028 and with a substantial annualized growth rate. The key factors such as increasing adoption of smart cards for various applications, growing adoption of software applications due to increasing penetration of smart phones and others is driving the software component segment growth in global access control market.

IT Sector Poised for Remarkable Market Progress

Access control systems are becoming more widely used in residential settings. Access control systems are being installed in residential properties to prevent invasion and burglary. Electronic lock-based access control systems are becoming more common in these properties. With the growing trend of home automation, demand for electronic products is surging. Growing crime rates, ongoing technological advancements, the increasing need to detect hazards such as fire and gas leaks, and ensuring the safety of children and the elderly at home are all contributing to the market's growth.

North America Leads the Global Access Control Market

North America is the most mature markets in global access control market due to key factors like presence of prominent firms in countries like United States and Canada, growth of network breaches and cyber threats due to growing adoption of advanced technologies, Internet of Things, and cloud computing. Furthermore, the key drivers of global access control market growth are growing number of private and public firms from several industries including defense, manufacturing, IT, telecom, automotive, and others increasingly investing in access control solutions to protect hardware, software, and network data and for providing a secure access to employees

The need to limit access to files and data on shared systems and the increasing necessity of adopting smart technologies for evolving authentication needs is increasing the reliance on access control solutions furthering the development of global access control market.

Owing to benefits such as cost savings, ease of access of system to employees, detailed organizational data, protection against unwanted visitors, prevention of systems from data breaches, safe work environment, reduction in theft and accidents, access to multiple buildings and locations, and regulatory compliance, access control is experiencing rapid adoption as opposed to traditional access control systems, thus fostering remarkable progress in global access control market.

The key factors such as increase in data thefts, rising security breaches are the key drivers of global access control market. Also, increasing adoption of wireless technologies, growing penetration of Internet of Things are also influencing the growth of global access control market. Furthermore, technological advancements in blockchain technology, cloud computing are positively impacting the global access control market.

The factors such as rising data security concerns, growing adoption of wireless technologies, increasing usage of electronic devices, and increase in cyber threats are resulting into remarkable progress of global access control market. 

Access Control is a security measure that restrains or restricts the access of unauthorized networks or activities into the computer environment. Physical and logical are two types of access control wherein physical access control restricts the unauthorized access in the physical infrastructure and logical access control restricts unauthorized access to data and files of the system. 

However, lack of awareness about security solutions and significant costs of the access control technologies are hampering further growth of global access control market.

Furthermore, growing interconnectedness and ability to standardize access control are anticipated to reveal opportunities for the global access control market. Also, growing number of private and public firms from several industries including defense, manufacturing, IT, telecom, automotive, and others increasingly investing in access control solutions to protect hardware, software, and network data and for providing a secure access to employees is boosting the global access control market. In addition to this, the introduction of technologically advanced smart cards is fueling the growth of global access control market.

The major players in the global access control market are ASSA ABLOY AB, Napco Security Technologies, NEC, Gunnebo AB, AMAG Technology, Thales, IDEMIA, SUPREMA, Identiv, Nedap N.V., Honeywell, Allegion, dormakaba, and Johnson Controls among others.

Latest Innovations in Global Access Control Market:

• Johnson Controls' Tyco Software House C•CURE Visit Verified Identity solution was released in March 2020 to ensure an improved visitor management process, eliminating the risks and overheads associated with visitor data collection and storage on site.

Access Control Market Scope

Key Segments of the Global Access Control Market

Type Overview (USD Billion)

• Access Control Lists (ACLs)
• Role-based Access Control (RBAC)
• Attribute Based Access Control (ABAC)
• Policy-based Access Control (PBAC)
• Risk-Adaptive Access Control (RAdAC)

Offering Overview, (USD Billion)

• Web Browsers
• Operating Systems
• Memory Protection
• Firewalls

Component Type Overview, (USD Billion)

• Hardware
• Software
• Services

Industry Overview, (USD Billion)

• Defense
• Manufacturing
• IT
• Telecom
• Automotive
• other

Regional Overview, (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa