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The access control solutions market size is estimated to grow at a CAGR of 7.77% between 2023 and 2028. The market size is forecast to increase by USD 2.94 billion. The growth of the market depends on several factors, including the growing awareness of sophisticated data security threats, the increasing availability of biometric equipment, and the growing interconnectedness of devices. Access control is defined as a security technique that regulates who or what can view or use resources in a computing environment. It is a fundamental concept in security that minimizes risk to the business or organization. Access control solutions offer a range of features and capabilities, including identity and access management, visitor management, and surveillance integration, among others. These solutions are designed to help organizations improve their security and compliance posture while also streamlining access management processes and reducing operational costs.
The report includes a comprehensive outlook on the access control solutions market, offering forecasts for the industry segmented by Application, which comprises accounts management and identity synchronization, unified authentication, and others. Additionally, it categorizes End-user into government, BFSI, healthcare, and transportation, and covers Geography regions, including Europe, North America, APAC, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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Growing awareness about sophisticated data security threats is the key factor driving market growth. The global access control solutions market provides businesses with a secure and convenient way to manage access to their digital assets such as applications, data, and networks. Access control solutions offer several security features, such as identity and access management, multifactor authentication, and threat detection and response.
Moreover, access control solutions are designed to secure digital assets against both internal and external threats, including unauthorized access, hacking, and phishing attacks. As businesses become more aware of the risks associated with data security, there is an increasing demand for access control solutions. This is driving the growth of the market, which is expected to continue during the forecast period.
Increasing government initiatives for implementing biometric access control systems is the primary trend shaping market growth. The governments have increased their spending on biometric access control systems and reduced the adoption of other non-biometric technologies due to their constraints of being lost or stolen by the individual. Furthermore, due to instances of terrorist threats at airports in the past, governments of various countries, including India, Somalia, Syria, and Afghanistan, are deploying biometric access control systems to thoroughly verify an individual based on behavioral and physiological characteristics, such as iris scans and fingerprint scans that are embedded in passports and visas.
Moreover, fingerprint recognition and iris recognition are increasingly being employed for large-scale applications, particularly in government-supported projects such as the Aadhaar initiative taken by the Government of India. Thus, such enhancements in government investments and initiatives for the implementation of biometric access control systems are likely to drive the growth of the global access control solutions market during the forecast period.
Lack of technological awareness about access control solutions is a challenge that affects market growth. The rate of adoption and implementation of access control solutions across the world during the initial years was low because of the lack of awareness of advanced systems among industries and organizations. This flat rate of adoption was more prevalent in emerging economies. However, with technological maturity, the global access control solutions market scenario is expected to change for the better during the forecast period.
Furthermore, the implementation and adoption of access control solutions include costs related to operation and management. The access control solutions have a steep learning curve that may add to the costs and overall unattractiveness of the solution. The lack of awareness of this technology is expected to impede the implementation of this solution and the growth of the market during the forecast period.
The market share growth by the accounts management and identity synchronization segment will be significant during the forecast period. End-users such as government, healthcare, and BFSI are experiencing the need to administer and manage access to confidential information and applications distributed across external and internal application systems. Nowadays, enterprises are inclined toward enforcing multiple-channel user access, including cloud, social, and mobile. Simultaneously, they also need to cater to business needs such as compliance and audit reporting.
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The accounts management and identity synchronization segment showed a gradual increase in the market share of USD 2.14 billion in 2018. Access control solutions help reduce risk and strengthen compliance by monitoring and protecting user access in multi-perimeter environments. These access control solutions aid in safeguarding valuable applications and data with security policy enforcement and business-driven identity governance. Thus, such factors will drive the growth of the accounts management and identity synchronization segment of the global access control solutions market during the forecast period.
The global access control solutions market segment by end-user for the Government has various government organizations at the local, state, and national levels. Government agencies such as defense, intelligence, and law enforcement, often require high-level security measures to protect classified information, and access control solutions can provide a cost-effective solution for these organizations. Access control solutions can also be used in public sector buildings such as courthouses, municipal buildings, and other government offices, to regulate access to specific areas. This can help prevent unauthorized access, protect sensitive data, and improve overall security measures. Thus, such factors are expected to drive the growth of the government segment of the market during the forecast period.
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Europe is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Germany, the UK, and France are the primary revenue contributors in Europe, with other EU countries not far behind. These countries were some of the initial adopters of progressive and advanced technologies across industries.
In addition, the early adoption of advanced technologies is a key factor in the size and growth of the access control solutions market in the Europe region. The region has a fully-fledged and developed industrial sector. The end-user base of the regional access control solutions market is established and well-settled. The region is strewn with advanced as well as emerging economies. Combining wireless motor monitoring systems with access control solutions can help in enhancing efficiency and security in several commercial and industrial settings. By linking these two technologies, businesses can monitor the health and performance of critical motors remotely and control access to important areas where motors are located. Hence, such factors are expected to drive market growth in this region during the forecast period.
The Access Control Solutions Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Access Control Solutions Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The access control solutions market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028.
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Access Control Solutions Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.77% |
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Market Growth 2024-2028 |
USD 2.94 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.49 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 35% |
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Key countries |
US, China, Germany, France, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ASSA ABLOY AB, Brivo Inc., Broadcom Inc., Centrify Corp., Cisco Systems Inc., Cloudastructure Inc., Datawatch Systems Inc., dormakaba Holding AG, Feenics Inc., Honeywell International Inc., International Business Machines Corp., M3T Corp., Microsoft Corp., Motorola Solutions Inc., Okta Inc., Oracle Corp., Ping Identity Corp., SecureAuth Corp., Thales Group, and Vector Security Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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