Access Control Systems Market Size – Industry Trends & Forecast Report 2027
Global Access Control Systems Market is growing with a CAGR of 7.6% and
touched USD 7.25 Billion in 2020. The market is expected to reach USD 11.98 Billion by 2027. Access Control is a device in which a machine
grants the right to obtain information or execute a function in order to
improve the protection of businesses and residences. The growth of the global
access control systems market is driven by greater accuracy, time efficiency,
and suitability over other security devices. Furthermore, increased
privatization and global trade have influenced economies to invest in better
infrastructure. However, a lack of knowledge and high upfront costs, combined
with a lack of proper structure, could restrict the demand for electronic
access control systems.
Source: BlueWeave Consulting
Global Access Control Systems Market Overview:
increasing concerns regarding robberies, break-ins, and white-collar crimes,
the global market for access control systems has been growing by leaps and
bounds, fueling market demand for advanced security systems from both
marketable and housing bodies. Moreover, several governments and security
agencies across the world are bound to increase security features in their
transactions due to increasing cyber and malware attacks. Thus, this factor is
additionally contributing to the overall development of the global access
Global Access Control Systems Market Forecast and Trends
The main factors driving the market
growth are increased adoption of access control solutions, technological
advances, and the use of wireless technology in security systems. Moreover, the
adoption of IoT-based security systems coupled with cloud computing platforms
is also fueling the market's growth. The preference for wireless and IoT-based
protection systems in various applications, as well as rapid urbanization, are
expected to help the growth of the access control market in the near future.
With rising security issues, key
companies and people around the world are increasing their use of these
solutions. The increase in violence, vandalism, and illegal interference has
created a need to protect essential equipment, primary essentials in homes, as
well as individual protection. The adoption of access control and
mobile-based access control is expected to provide a lucrative growth
opportunity for the industry. Nowadays, the use of an access control system has
become critical for the protection of both employers and employees. This could
save employees from any potential incidents in office buildings or any other
place. The increasing demand for connected access control systems for homes
that can be retrieved remotely is also accelerating access control market
Lack of awareness and high upfront
lack of awareness about security solutions and high costs related to it are
likely to act as market limitations. The cost of purchasing a standalone access
control system device, especially commercial-grade units, is relatively high. Moreover,
end-users expect access control technologies to provide them with the greatest
ease, protection, and assistance with regulatory issues. However, the
exorbitant price remains a barrier between their desires and their actual
Impact of COVID-19 in the industry
The COVID-19 pandemic has altered the way we used to function in our
everyday lives. During the pandemic, the US government declared access control
and security to be part of the necessary workforce to minimize the virus's
effect. Significant efforts have been
made in this sector to develop new methods and strategies to halt the spread of
the virus. Though Frictionless access control existed prior to the pandemic,
the pandemic has accelerated the demand for frictionless access control.
Following COVID-19, more prototypes that do not need a conventional card reader
are entering the market. They use software that can be accessed by the mobile
device location to verify their proximity to the door for hands-free access
Global Access Control Systems Market:
By Technology Solutions
Based on technology solutions, the global access control
systems market is divided into MorphoManager, Video surveillance solutions,
Video Management Systems. MorphoManager used for measuring different
physiological parameters for credentials and verification purposes in access
control systems holds the largest market share. It provides seamless
integration of biometrics and access control. The market for biometric reader-based
access control systems has been further characterized into palm recognition,
iris recognition, fingerprint recognition, face recognition, and voice
recognition. Biometrics allows for the recognition of a person's physical
features in order to provide monitored physical access to infrastructure. This
technology is being progressively used in government facilities, defense
establishments, manufacturing units, power stations, and enterprises.
Global Access Control Systems Market : Regional Insights
The access control systems market is geographically distributed North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific region is expected to grow with a healthy CAGR during the estimated timeframe. The growth of Asia Pacific can be attributed to the wider acceptance of various firms setting up their manufacturing plants in the region. Additionally, numerous regional as well as IT firms, including startups, have been created, which is expected to create a need for increased asset protection. Many countries, including China, Japan, and India, are experiencing a residential property revolution. The properties are also outfitted with advanced levels of biometric-enabled access control, which reduces the risk of robbery or vandalism.
In April 2018, dormakaba China Ltd
(Suzhou, China) completed the acquisition of the Commercial Building Physical
Access Solutions (PAS) business from Beijing-based Cambaum Group.
In April 2019, Honeywell demonstrated
its latest security and fire products at ISC West 2019 booth. Products, such as
OmniAssure Touch, a new variety of inactive intent access control readers, are
well-matched with Honeywell’s existing security suites, including WINMAG,
WIN-PAK, and Pro-Watch.
Key players in Global Access Control Systems Market are Dormakaba Holding AG, Bosch Security Systems, LLC., Honeywell
International Inc, Johnson Controls International plc, IDEMIA, Hangzhou
Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd.,
Allegion plc, NEC Corporation, Assa Abloy AB, ZKTECO CO., LTD., and other noticeable
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK, France, Italy, Spain,
Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South
Africa, Saudi Arabia
By Technology Solutions,By Region
Key players for Global Access Control Systems Market are Dormakaba Holding AG, Bosch
Security Systems, LLC., Honeywell International Inc, Johnson Controls
International plc, IDEMIA,Hangzhou Hikvision Digital Technology Co.,
Ltd.,Zhejiang Dahua Technology Co., Ltd., Allegion plc, NEC Corporation, Assa
Abloy AB, ZKTECO CO., LTD., other prominent players.
Video surveillance solutions
Video Management Systems
Middle East & Africa
1. What is the current size of Global Access
Control Systems Market ?
Answer : Global Access Control Systems Market has reached USD 7.25 billion in 2020 and is projected to reach USD 11.98 billion by 2027, growing
at a CAGR of 7.6 % .
2. What are the major factors driving the growth of Global Access Control Systems Market ?
accuracy, time efficiency, and suitability over other security products
influence the growth of the market. Besides, Increasing privatization and
worldwide trade have inclined the economies to invest in better infrastructure
which leads to growth in the Access control systems directly.
3. Who are the
key players in the Global Access Control
Systems Market ?
Dormakaba Holding AG,Bosch Security
Systems, LLC.,Honeywell International Inc,Johnson Controls International
plc,IDEMIA,Hangzhou Hikvision Digital Technology Co., Ltd.,Zhejiang Dahua
Technology Co., Ltd., Allegion plc,NEC Corporation,Assa Abloy AB,ZKTECO CO.,
LTD., and other prominent players.
4. Based on technology solutions, which segment accounted for the
largest Access Control
on technology solutions, MorphoManager holds the largest market share.
5. Which is
the dominating region in Global Access
Control Systems Market?
The Asia Pacific region is expected
to grow with a healthy CAGR during the estimated timeframe.