What Is The Current and Historic Market Size Analysis Of Access Control Market?
The access control market has seen considerable growth due to a variety of factors.
• In recent times, the size of the access control market has seen a rapid expansion. The growth is projected from $13.69 billion in 2024 to $15.07 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.1%.
Factors contributing to this significant growth during the historic period include the rising usage of mobile access control systems, and substantial government funding to thwart the escalated incidents of cyber-attacks.
What Are The Predictions for The Access Control Market Size In The Coming Years?
The access control market is expected to maintain its strong growth trajectory in upcoming years.
• The access control market is projected to experience a swift expansion in the coming years, with its size predicted to reach $26.43 billion in 2029, boasting a compound annual growth rate (CAGR) of 15.1%.
This surge during the forecast period can be attributed to the rising number of smart homes, wider acceptance of access control systems by the hospitality industry, and an increase in data security breaches. The main trends coming into play during the forecast period include launching cloud-based access control systems for market expansion, bringing forth mobile-based access control solutions to maintain market standing, collaborating with hotel partners to transition guest keys to digital wallets for easy access, and incorporating AI facial recognition technology. There is also a focus on launching biometric access control systems to enhance product offerings and introducing innovative products into the access control market to bolster their product portfolio.
Which Drivers Are Accelerating Growth In The Access Control Market?
The rapid increase in smart homes during the projected period is anticipated to bolster the access control market. The terminology 'smart home' refers to a dwelling equipped with Internet-enabled devices for remotely monitoring and controlling appliances and mechanisms. Access control facilitates both home safety and automation. The surge in smart homes is creating a demand for integrated access control systems that enable remote access. For example, CITyFiED, a project based in Spain and supported by the European Union's Seventh Program, anticipates that by 2022 the count of smart homes in Europe will hit 84 million, with countries such as Germany, the UK, and France leading the growth. Specifically, the smart home penetration rate in the UK is projected to hit 63% by 2025. Hence, the ascending trend in smart homes will likely serve as a catalyst for the growth of the access control market.
What Are The Core Segments Of The Globa Access Control Market?
The access control market covered in this report is segmented –
1) By Type: Card Based, Biometric Based
2) By Vertical: Commercial, Military And Défense, Government, Residential, Education, Healthcare And Others, Manufacturing And Industrial, Transportation, Hospitality
3) By Deployment Model: Cloud, On-Premises
Subsegments:
1) By Card-Based: Magnetic Stripe Cards, Proximity Cards, Smart Cards, RFID Cards
2) By Biometric-Based: Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Hand Geometry Recognition
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Which Emerging Trends Are Reshaping The Access Control Market Size?
Prominent businesses in the access control market are prioritizing technological innovation, like smart access control solutions, in order to boost security, optimize user management, and facilitate seamless integration with other security systems. Smart access control systems use high-end technology to heighten security and refine access governance. For example, in January 2024, Janam Technologies, an American company that specialises in durable mobile computers and touchless access solutions, unveiled the GTX mobile entry pedestal. This is a smart access control system crafted to offer a flexible and economical way for venues to oversee entry through progressive barcode scanning. It boasts key attributes such as a lightweight structure, enhanced battery management, and compatibility with mobile ticketing through platforms.
Who Are the Key Players in the Access Control Market?
Major companies operating in the access control market include:
• Honeywell International Inc
• Robert Bosch GmbH
• Assa Abloy AB
• Johnson Controls International Inc
• Thales Group
• Allegion PLC
• Hanwha Techwin Co. Ltd
• Schneider Electric SE
• NEC Corporation
• IDEMIA
• Matrix comsec
• SecurAX Tech Solutions Pvt Ltd
• AMAG Technology Inc
• CloudWalk Technology Co Ltd
• Shenzhen IntelliFusion Technology Co Ltd
• NetPosa Technologies Ltd
• Hid Global
• Gallagher Security (Europe) Ltd
• Vanderbilt Industries
• Dahua Technology Ltd
• British Security Industry Association (BSIA)
• Fermax Electronica SAU
• Delta Scientific Corporation
• Userful Corporation
• Anviz Global Inc
• Vicon Industries
• Hikvision
• Cloudkeyz
• ButterflyMX
• Security Enhancement Systems
• Openpath
• Genea
• Sequr Inc
• Acura
• Agility Technologies Corp (ATC)
• Wolpac
• Absolute Integrated Electronic Solutions
• Adax
• Aflak Electronics Industries Co
• Al Aqili Future Technologies
• AI Kawther General Trading
• Al Nahr Company for Security Solutions
• AL Smari Trading
• Ametrad Technology Services Co
• Biosec Solutions
• BIO-key
• BioRugged (Pty) Ltd
What are the Regional Insights into the Access Control Market?
Asia-Pacific was the largest region in the access control market in 2024 and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
