What are the Historical Developments and Current Growth Metrics of the Access Control Systems Market?
The access control systems market has seen considerable growth due to a variety of factors.
• In recent times, the market size of access control systems has seen significant growth. It is projected to expand from $9.9 billion in 2024 to $10.76 billion in 2025, registering a compound annual growth rate (CAGR) of 8.7%.
Factors contributing to its growth during the historical period include increased understanding of home security, a surge in smart infrastructure and urban development projects, the growing availability of biometric devices, the rising interconnectedness of gadgets, and the broader acceptance of access control as a service.
What Is The Projected Growth Of The Access Control Systems Market?
The access control systems market is expected to maintain its strong growth trajectory in upcoming years.
• Projected robust growth in the coming years anticipates the access control systems market size to reach a value of $14.26 billion by the year 2029, growing steadily at a Compound Annual Growth Rate (CAGR) of 7.3%.
This growth during the forecast period is largely attributed to the escalating security threats, heightened media hype surrounding data privacy and security, a surge in the adoption of cloud-based access control systems and IoT, as well as an increasing demand for industrial access control systems. The forecast period also expects major trends such as the emergence of Artificial Intelligence (AI) and Machine Learning (ML) technologies, innovation in product offerings, developments and advancements in technology, a rising demand for radio-frequency identification (RFID) card-based technology, and a surge in the deployment of wireless security systems.
What Are the Critical Driver Fuelling The Access Control Systems Market's Growth?
The escalating usage of Internet of Things (IoT) is anticipated to fuel the expansion of the access control system market in the future. The concept of IoT delineates a network of physical entities integrated with sensors, software, and other technologies that allow them to gather and share information with other devices and systems online. This advancement comes as a result of cost reduction, enhanced connectivity, and heightened security and privacy measures. In access control systems, IoT is employed to develop smart door locking systems and utilize interconnected devices and technologies for managing and regulating access to physical spaces, data, or networks. For example, Akamai Technologies Inc., a US-based internet company, projected in August 2022 that IoT connections are set to surge from 15.1 billion in 2021 to 23.3 billion in 2025. As a consequence, the mounting use of IoT is steering the progress of the access control system market.
What Are The Principal Market Segments In The Global Access Control Systems Industry?
The access control systems market covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Technology: Wireless, Wired
3) By End-User: Commercial, Military And Defense, Government, Residential, Education, Healthcare, Manufacturing And Industrial, Transportation, Other End-Users
Subsegments:
1) By Hardware: Card Readers, Biometrics Devices, Access Control Panels, Locks, Cables And Connectors
2) By Software: Access Management Software, Visitor Management Software, Identity Management Software
3) By Services: Consulting Services, Installation Services, Maintenance And Support Services, Managed Services
Pre-Book The Access Control Systems Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Access Control Systems Industry?
Leaders in the access control system market are focusing on creating innovative technologies, such as gateless access control systems, in response to the growing need for improved access control and security elements. This innovative solution utilizes biometric identification to tackle overcrowding at high traffic entrances and incorporates facial recognition technology for superior customer service with advanced features. For example, NEC Corporation, an information technology firm based in Japan, unveiled the Gateless Access Control System in November 2022. This system uses camera images to continuously identify individuals and conduct face recognition in real-time, serving a high volume of individuals. It confirms the identity of visitors without requiring them to directly face a camera, ensuring swift and unhindered entry without causing visitors any additional inconvenience. It also boasts high security, simplified access, real-time surveillance, and documentation. All these aspects together enhance the system’s ability to transform access control by heightening security and alleviating congestion at highly trafficked entrances.
Who Are the Key Players In The Access Control Systems Market?
Major companies operating in the access control systems market are:
• Robert Bosch GmbH
• Siemens AG
• Panasonic Holdings Corporation
• Schneider Electric SE
• Honeywell International Inc.
• 3M Company
• Johnson Controls International Plc
• NEC Corporation
• Tyco International Plc
• Assa Abloy AB
• ADT LLC
• Allegion Plc
• IDEMIA
• Axis Communications AB
• Avigilon Corp
• Southco Inc.
• HID Global Corp
• SALTO Systems Inc.
• ZKTeco Co. Ltd.
• MorphoTrak LLC
• Nortek Security & Control LLC
• Kaba Ltd.
• Aware Inc.
• BIO-key International Inc.
• SecuGen Corporation
• Digital Persona Inc.
• Suprema Inc.
• Tascent Inc.
What Are The Regional Insights Into The Access Control Systems Market?
North America was the largest region in the access control system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the access control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
