Access Control Market Size touched USD 7,169 Million in 2019 and is estimated to reach USD 12,410 Million in 2027, the market is forecast to grow at a CAGR of 7.1% during 2020 to 2027.

Access Control is a security technique of guaranteeing the identity of the users and the access of an appropriate person to the company’s data. There are two types of access to control physical and virtual access control. The physical users must submit credentials before they can be granted access. In virtual access, monitor or computing could be passcode, a PIN, or even a biometric reading. It inhibits unauthorized viruses and hackers who misuse the data as it protects data from getting hacked. Global access control market has been segmented by component, by geographical region and by other verticals such as Commercial, Military & Defense, Governmental, Residential, Education, Healthcare, Manufacturing & Industrial, and Transportation.

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The global access control market is anticipated to witness an upsurge in demand during the forecast period. The increasing adoption of access control solutions due to the rising number of crime rates around the globe, along with the growing number of technological advancements and the deployment of wireless technology in security systems, are the key drivers that are responsible for the growth of the access control market over  the coming years. Moreover, the accelerating adoption of IoT-based security systems enabled with cloud computing platforms to enhance the security level in the residential, commercial, and industrial sectors is another factor that is energizing the demand of the access control market over the coming years.

With the increasing urbanization around the world, there has been a rapid rise in the incidences of data hacking and identity theft. The growing focus of governments on installing time-based access systems in particular commercial or public premises, followed by the rising requirement for high alert security systems in the global organization with thousands of employees, will positively influence the market growth. In addition to this, the outbreak of the COVID-19 pandemic has surged the demand of the market driven by the rising requirement to protect critical health information records and control the access to private health records in the healthcare sector. However, on the other hand, the lack of knowledge among the end-users related to these control systems, high cost of these systems, and the safety issues associated with the unauthorized access are likely to hamper the growth of the market.

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Based on components, the hardware segment is projected to experience a higher CAGR over the forecast period. The increasing demand for smart and proximity cards to monitor and record employee activities in the corporate offices is the major factor that will drive the segment’s demand. The smart cards are mostly used as credentials to authenticate the user’s identity and provide access to grand or denial accordingly. Furthermore, the high-reliability feature of the smart card as compared to the biometric readers and electronic locks is further promoting the end-users to opt for these smart cards.

Based on the verticals, the commercial segment is anticipated to grow at a faster CAGR over the next six years. This is due to the strong demand for access control systems in hotels, data centers, retail stores, malls, banks and financial centers, and entertainment centers across the globe. The access control system removes the need for manual security checks of the visitors, which is the key driver that attracts several commercial and service organizations to opt for these systems to protect people and property at the same time.

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On the basis of the region, the Asia-Pacific region is predicted to be the fastest growing region in the access control market over the coming years owing to the growing industrialization, commercialization, and the accelerating demand for security systems in various Asian countries. Additionally, the rising terror threats and the growing number of crime rates is further encouraging the usage of access control systems. China is one of the emerging markets for security systems due to the high growth rate of population, increasing investments for digitalization, and the rising number of R&D activities in the country.

Various notable players operating in the market include Johnson Controls, Bosch Sicherheitssystems GmbH, Allegion plc, Honeywell International PLC, Identiv, Inc., ASSA ABLOY, Dormakaba Holding, Nedap N.V., Suprema, and Gemalto NV, among others.

Key Developments: 

• • In 2020, Honeywell International PLC launched its new Experion PKS IT Highly Integrated Virtual Environment (HIVE). This centralized technology has allowed industrial manufacturers to reduce lifecycle costs, improve leverage skills, and drive consistent physical and cybersecurity management.
  • In 2019, Johnson Controls entered into a partnership with Foxconn to bring advancement in smart building and smart-city technologies with the use of artificial intelligence and machine learning.
  • In 2018, Dormakaba Holding opened three new sites in Singapore. The main objective of this expansion is to increase operational efficiency and enhance customer service.

The global access control market segmented into component, vertical, and region. Based on the component and services, the global access control market has been segmented into hardware, software, and services. Based on the vertical, the global access control market has been segmented into commercial, military & defense, governmental, residential, education, healthcare, manufacturing and industrial, and transportation.

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Key questions answered in this research report:

• • At what pace is global Access Control market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Access Control market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Access Control market?
  • Which Component generated maximum revenues in 2019 and identify the most promising Component during the forecast period?
  • What are the various components of global Access Control market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2019)	USD 7,169 Million
Market Base Year	2019
Market Forecast Period	2020-2027
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Johnson Controls, Bosch Sicherheitssystems GmbH, Allegion plc, Honeywell International PLC, Identiv, Inc., ASSA ABLOY, Dormakaba Holding, Nedap N.V., Suprema, and Gemalto NV, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Access Control Market by Component

• • Hardware
    • Card-Based Readers
      • Magnetic Stripe Readers
      • Proximity Card Readers
      • Smart Card Readers
    • Biometric Readers
      • Fingerprint Recognition
      • Palm Recognition
      • Iris Recognition
      • Facial Recognition
      • Voice Recognition
    • Multi-Technology Readers
    • Electronic Locks
      • Electromagnetic Locks
      • Electric Strike Locks
      • Smart Locks
    • Controllers
      • Serial Access Controllers
      • IP Access Controllers
    • Others
  • Software
  • Services
    • Installation and Integration
    • Maintenance and Support
    • Access Control as a Service
      • Hosted ACaaS
      • Managed ACaaS
      • Hybrid ACaaS

Global Access Control Market by Vertical

• • Commercial
    • Enterprises and Data Centers
    • Banks and Financial Centers
    • Hotels, Stadiums, and Amusement Parks
    • Retail Stores and Malls
  • Military and Defense
  • Government
  • Residential
  • Healthcare
  • Education
  • Manufacturing and Industrial
  • Transportation

Global Access Control Market by Region

• • North America Access Control Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Access Control Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Access Control Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Access Control Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Access Control (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Johnson Controls
  • Bosch Sicherheitssystems GmbH
  • Allegion plc
  • Honeywell International PLC
  • Identiv, Inc.
  • ASSA ABLOY
  • Dormakaba Holding
  • Nedap N.V.
  • Suprema
  • Gemalto NV