How Has The Physical Access Control System Market Size Evolved Historically?
The physical access control system market has seen considerable growth due to a variety of factors.
• The market size of the physical access control system has experienced robust growth lately. It is projected to increase from $10 billion in 2024 to $10.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.9%.
The pivotal forces driving this growth in the historic phase are the adoption of biometric technology, IoT integration, contactless access management, cloud-based solutions, and mobile access management.
What Does the Future Hold for the Physical Access Control System Market?
The physical access control system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for the physical access control system is predicted to experience swift expansion in the coming years, reaching a value of $17.27 billion in 2029, with a compound annual growth rate (CAGR) of 12.0%.
This growth during the forecast period can be linked to various factors such as heightened security issues, an increase in biometrics usage, the necessity for solutions that do not require contact, adherence to regulatory standards, and the merging of physical and logical security. The period under forecast also showcases trends like the incorporation of AI and machine learning, the use of data analytics for procuring security-related insights, the integration of physical and logical security, movement towards contactless solutions, and stress on cybersecurity.
What Are The Essential Drivers Behind The Growth Of The Physical Access Control System Market?
Growth in the physical access control system market can be anticipated with the increasing uptake of electronic security systems like biometrics. These electronic security systems are devices capable of executing security operations such as access control, surveillance, intrusions or alarms. They are powered by the main power grid and a power backup. They provide an essential level of protection integrated into the infrastructure of a facility. For instance, the U.S. Customs and Border Protection (CBP), an American law enforcement agency, revealed in September 2024, that over 540 million travelers were processed using biometric facial recognition technology, which effectively stopped more than 2,000 impostors from entering the U.S. Consequently, the growing reliance on electronic security systems will be an important factor contributing to the growth of the physical access control system market.
What Are The Primary Segments In The Global Physical Access Control System Market?
The physical access control system market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Keypads-based PACs, Card-based PACs, Biometric PACs
3) By End User: Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Services, Communication and Media, Retail and Other Corporate, Transportation and Utilities, Other End Users
Subsegments:
1) By Hardware: Card Readers, Biometric Readers, Keypads, Electric Locks, Controllers, Other Hardware Devices
2) By Software: Access Control Management Software, Visitor Management Software, Mobile Access Control Software, Integration Software, Other Software Solutions
3) By Services: Installation Services, Maintenance Services, Consulting Services, Monitoring Services, Other Support Services
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Which Key Trends Are Driving Changes In The Physical Access Control System Market?
Advancements in technology are becoming a predominant trend in the market for physical access control systems. Many major firms in this sector are concentrating on creating innovative technological solutions in a bid to solidify their standing. To illustrate, in July 2023, Anviz, an American firm specializing in access control and security automation, introduced the latest OSDP-powered access control solutions. These are specifically tailored for access control systems, featuring numerous advanced capabilities and advantages, making them a preferred choice among many institutions. OSDP allows institutions to guarantee security and productivity of various facilities by controlling and supervising access to physical areas.
Who Are the Key Players in the Physical Access Control System Market?
Major companies operating in the physical access control system market include:
• Panasonic Corporation
• Schneider Electric SE
• Johnson Controls International plc
• NEC Corporation
• Safran Group
• Assa Abloy AB
• Gallagher Group Ltd.
• Dahua Technology Ltd.
• Allegion plc Ltd.
• Gemalto NV
• Dormakaba Holding AG
• Idemia Group
• TKH Group NV
• Axis Communications AB
• Avigilon Corporation
• HID Global Corp
• Genetec Inc.
• Honeywell Commercial Security Ltd.
• Nedap NV
• Identiv Inc.
• LenelS2
• Bosch Security and Safety Systems
• Paxton Access.
• Brivo Systems LLC
• Aiphone Co
• Verkada Inc.
• Vanderbilt Industries LLC.
• Secugen Corporation
What Is The Most Dominant Region In The Physical Access Control System Market?
North America was the largest region in the physical access control system market in 2024. The regions covered in the physical access control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
