Access Control Market with COVID-19 Impact by Offering, ACaaS, Vertical, and Region – Global Forecast to 2025 – GlobeNewswire

Access Control Market with COVID-19 Impact by Offering, ACaaS, Vertical, and Region – Global Forecast to 2025 – GlobeNewswire

Dublin, Sept. 03, 2020 (GLOBE NEWSWIRE) — The “Access Control Market with COVID-19 Impact by Offering (Card-based Readers, Biometric Readers, Electronic Locks, Controllers, Software, Services), ACaaS (Hosted, Managed, Hybrid), Vertical, and Region – Global Forecast to 2025” report has been added to’s offering.

The global access control market size is projected to grow from USD 8.6 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 8.2%.

Factors accelerating the growth of the access control market are the increasing number of terrorist attacks and organized crimes across the world, growing awareness regarding home security systems, ongoing technological advancements and rising deployment of wireless security systems, and increasing adoption of IoT-based security systems with cloud computing platforms. Continued adoption of Access Control as a Service (ACaaS), gradual implementation of mobile-based access control, rapid urbanization in emerging countries, and global proliferation of smart cities initiatives provide lucrative opportunities to the access control market.

Card-based readers are expected to lead access control hardware market during the forecast period

Card-based readers are proven to be more reliable than biometric readers and electronic locks. Increasing requirement for smart and proximity cards to monitor and record employee activities is one of the factors driving the growth of the market for card-based readers. Biometric readers are rapidly gaining traction worldwide owing to the growing need for security and surveillance in the private and business sectors. The adoption of voice recognition systems in BFSI is expected to fuel the growth of the market for biometric readers in the coming years.

Hosted access control as a service are expected to lead access control as a service market during the forecast period

The owner of the solutions maintains different types of hosted access control as a service software; therefore, users need not pay for the maintenance of the servers. This has been the key driving factor for the growth of the market for hosted services. The ability of a third party to update access rights of the user saves the time and cost spent on monitoring and managing all access control activities.

APAC to be the fastest-growing market for access control during the forecast period

The growth of the access control market in APAC is attributed to rapid technological advancements, increased awareness regarding security among the masses. In the coming years, the penetration of the access control systems is expected to grow at a significant rate with the growing security concerns among public transport authorities in APAC. APAC is one of the potential markets for access control systems with the robust presence of several companies offering security solutions in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Access Control Market
4.2 Access Control Market, by Offering
4.3 Access Control as a Service Market, by Type
4.4 Access Control Market, by Vertical
4.5 Access Control Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increasing Number of Terrorist Attacks and Organized Crimes Globally Growing Awareness Regarding Home Security Systems Ongoing Technological Advancements and Increasing Deployment of Wireless Security Systems Rising Adoption of Iot-Based Security Systems With Cloud Computing Platforms
5.2.2 Restraints High Installation, Maintenance, and Ownership Costs of Access Control Systems Major Security and Privacy Concerns Related to Unauthorized Access and Data Breach in Access Control Environment
5.2.3 Opportunities Continued Adoption of Access Control as a Service (ACAAS) Gradual Implementation of Mobile-Based Access Control Rapid Urbanization in Emerging Countries Global Proliferation of Smart Cities Initiatives
5.2.4 Challenges Less Awareness Among Users About Availability and Benefits of Advanced Security Solutions

6 Industry Trends
6.1 Value Chain Analysis
6.2 Access Control Ecosystem
6.3 Key Use Cases
6.3.1 Idemia Provides Access Control to Digital Garage’S New Headquarters
6.3.2 Eurostar Has Enabled Biometric-Enabled Boarding for UK Passengers
6.3.3 Multi-Biometric Entry/Exit Program in Uae Enables Seamless Crossings
6.4 Average Selling Price
6.5 Historical Five-Year Revenue Analysis
6.6 Impact of Covid-19 on Access Control Market
6.7 Emergence of Contactless Biometrics
6.8 Use of Thermal Cameras in Access Control

7 Access Control Market, by Offering
7.1 Introduction
7.2 Hardware
7.2.1 Biometric Readers to Witness Highest CAGR in Access Control Market, by Hardware, During Forecast Period
7.2.2 Card-Based Readers Magnetic Stripe Cards and Readers Proximity Cards and Readers Smart Cards and Readers Contact Smart Cards Contactless Smart Cards
7.2.3 Biometric Readers Fingerprint Recognition Palm Recognition Iris Recognition Facial Recognition Voice Recognition
7.2.4 Multi-Technology Readers
7.2.5 Electronic Locks Electromagnetic Locks Electric Strike Locks Smart Locks
7.2.6 Controllers Serial Access Controllers Ip Access Controllers
7.2.7 Others
7.3 Software (Visitor Management System and Others)
7.3.1 Software Offerings Expected to Record Highest CAGR from 2020 to 2025
7.3.2 Visitor Management System
7.3.3 Others
7.4 Services
7.4.1 Growing Implementation of Security Solutions to Boost Demand for Installation and Integration Services
7.4.2 Installation and Integration
7.4.3 Support and Maintenance

8 Access Control Models
8.1 Introduction
8.2 Discretionary Access Control (DAC)
8.3 Mandatory Access Control (MAC)
8.4 Role-Based Access Control (RBAC)
8.5 Rule-Based Access Control

9 Types of Access Control Systems
9.1 Introduction
9.2 Physical Access Control Systems
9.3 Logical Access Control Systems
9.4 Mobile Access Control Systems

10 Access Control as a Service Market
10.1 Introduction
10.2 Hosted ACAAS
10.2.1 Hosted ACAAS Held Largest Market Share in 2019
10.3 Managed ACAAS
10.3.1 Market for Managed Services Expected to Grow at Highest CAGR During Forecast Period
10.4 Hybrid ACAAS
10.4.1 Market for Hybrid ACAAS is Driven by Flexibility and Scalability of These Services

11 Access Control Market, by Vertical
11.1 Introduction
11.2 Commercial
11.2.1 Growing Need for High Security in Financial Institutions Would Foster Growth of Access Control Market for Commercial Vertical
11.2.2 Enterprises and Data Centers
11.2.3 Banks and Financial Institutions (BFSI)
11.2.4 Hotels, Stadiums, and Amusement Parks
11.2.5 Retail Stores and Malls
11.3 Military and Defense
11.3.1 Protection of Defense Personnel and Denial of Unauthorized Access to Physical Security Zones Are Major Applications in Military and Defense Vertical
11.4 Government
11.4.1 Increasing Focus of Governments on Deployment of Access Control Systems to Prevent Security Threats Would Propel Market Growth
11.5 Residential
11.5.1 Residential Vertical to Exhibit Highest CAGR During Forecast Period
11.6 Education
11.6.1 Surging Need for High Safety Creating Increased Demand for Access Control Solutions in Education Vertical
11.7 Healthcare
11.7.1 Healthcare is Prominent Vertical for Biometrics Access Control Solutions
11.8 Manufacturing and Industrial
11.8.1 Industrial Vertical is Employing Access Control Solutions to Safeguard People and Manufacturing Facilities
11.9 Transportation
11.9.1 Increased Implementation of Security Solutions Augments Access Control Market Growth

12 Geographic Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Apac
12.5 Row

13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis, 2019
13.3 Competitive Leadership Mapping, 2019
13.3.1 Visionaries
13.3.2 Innovators
13.3.3 Dynamic Differentiators
13.3.4 Emerging Companies
13.4 Strength of Product Portfolio (For 25 Companies)
13.5 Business Strategy Excellence (For 25 Companies)
13.6 Competitive Situations and Trends
13.6.1 Investments, Partnerships, Collaborations, and Agreements
13.6.2 Contracts, Expansions, and Product Launches and Developments
13.6.3 Acquisitions

14 Company Profiles
14.1 Key Players
14.1.1 Assa Abloy
14.1.2 Dormakaba Holding
14.1.3 Johnson Controls
14.1.4 Allegion
14.1.5 Honeywell International
14.1.6 Identiv
14.1.7 Nedap
14.1.8 Suprema Hq
14.1.9 Thales Group
14.1.10 Bosch Security Systems
14.2 Right to Win
14.3 Other Companies
14.3.1 Amag Technology, Inc.
14.3.2 Axis Communications Ab
14.3.3 Gunnebo Ab
14.3.4 NEC Corporation
14.3.5 Gallagher Group Limited
14.3.6 Adman Technologies Pvt. Ltd
14.3.7 Brivo, Inc.
14.3.8 Salto Systems S.L.
14.3.9 Idemia
14.3.10 Vanderbilt Industries

15 Appendix

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