What Has Been the Growth of the Access Control As A Service Market So Far?
The access control as a service market has seen considerable growth due to a variety of factors.
• The market size for access control as a service has seen a swift increase in the past few years. The forecast predicts an expansion from $1.36 billion in 2024 to $1.54 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.1%. Factors such as a focus on user-centric solutions, standardization and interoperability, enhancements in cybersecurity, models based on subscription, and the need for remote management contributed to the growth witnessed in the historical period.
What Are the Future Growth Projections for the Access Control As A Service Market?
The Access Control As A Service market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of access control as a service is predicted to experience a swift expansion in the forthcoming years, escalating to $2.8 billion in 2029 with a compound annual growth rate (CAGR) of 16.2%.
Factors contributing to the growth during the forecast period include interoperability and standardization, advanced mobile access solutions, transition to subscription-oriented models, heightened symptoms of cybersecurity issues, and a surge in the need for remote access solutions. Key trends forecasted for this period encompass cloud-based solutions, incorporation with IoT and AI, mobile-centered access, the demand for remote management, and a shift towards subscription models.
What Are The Core Factors Supporting Growth In The Access Control As A Service Market?
The anticipated growth of the access control as a service market is fuelled by heightened anxieties over security measures. Security concerns can encompass any kind of activity that compromises the safety of computers, network data, or any system connected to the network and can potentially jeopardize its integrity or privacy. Such concerns can also manifest in threats, identity falsifications, or harassment using the said resources. Access control forms an essential part of data security where it establishes who is allowed to use and access company assets and data. Through establishing access rights via authentication and authorization, access control ensures that users are who they claim to be and have the right to access company data. For example, data from Checkpoint - an IT security provider in Israel - showed that in January 2023 that cyberattacks worldwide rose by 38% in 2022 compared to the previous year. Additionally, a report published by ESET Threat Report T2 2021 showed that email-based attacks increased by 7.3% between May and August 2021, with most being part of phishing scams, an attempt by cybercriminals to abscond with financial resources. Consequently, such a rise in security concerns is stimulating the demand for access control as a service market.
What Are The Major Segments Within The Global Access Control As A Service Market?
The access control as a service market covered in this report is segmented –
1) By Services: Managed Services, Hosted Service, Hybrid Service, Other Services
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By End-Users: Pharmaceuticals And Healthcare, Government, Education, Health Care, Retail, Transportation, Other End-Users
Subsegments:
1) By Managed Services: User Management, Policy Management, Compliance Management
2) By Hosted Service: Cloud-Based Solutions, On-Premises Solutions
3) By Hybrid Service: Combination Of Cloud And On-Premises, Flexible Deployment Options
4) By Other Services: Integration Services, Consulting Services, Support And Maintenance Services
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Which Trends Are Expected To Transform The Access Control As A Service Market?
The emergence of advanced technologies is a prominent trend in the access control as a service market that is gaining traction. Leading companies prevailing in this market are concentrating on developing pioneering technologies to fortify their market presence. For example, in December 2022, PlainID, a firm based in the US providing authorization and policy-based access control, introduced its PlainID Technology Network. This network, constructed in collaboration with PlainID partners, delivers its state-of-the-art technology globally to aid organizations in transforming authorization and access control in a secure manner. The primary objective of the PlainID Technology Network is to enhance integration with vital adjacent technologies for enabling identity-aware security across all segments of the business technology stack.
Who Are the Key Players In The Access Control As A Service Market?
Major companies operating in the access control as a service market include:
• Digital Hands
• Microsoft Corporation
• Brivo Inc.
• Centrify Corporation
• Oracle Corporation
• Spica International d.o.o.
• Vanderbilt Industries GmbH
• dormakaba Holding AG
• Feenics Inc.
• Fleming Companies Inc.
• Honeywell International Inc.
• IBM Corporation
• Johnson Controls International Plc.
• Kastle Systems
• Kisi Inc.
• M3T Corporation
• Honeywell Security Group
• Allegion Plc.
• NEC Corporation
• Identiv Inc.
• Bosch Security Systems Inc.
• Amazon Web Services
• Cisco Systems Inc.
• Stanley Access Technologies
• Ping Identity Corporation
• Thales Group
• Assa Abloy AB
• AMAG Technology Inc.
• Cloudastructure Inc.
• Protection1 Security Solutions LLC
What Is The Most Dominant Region In The Access Control As A Service Market?
North America was the largest region in the access control as a service market in 2024. The regions covered in the access control as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
