Global Access Control Market to Reach US$ 18.3 Billion by 2032, Propelled by the Increasing Security Concerns

April 17, 2023 | Technology & Media

The latest report by IMARC, titled “Access Control Market Report by Component (Controller, Reader, Locks, Software), Type (Card-based, Biometric-based), End User (Government, Military and Defense, Commercial, Healthcare, Manufacturing, Transport, Education, Residential, and Others), and Region 2024-2032”, finds that the global access control market size reached US$ 10.0 Billion in 2023. Access control refers to a security technique designed to protect physical and virtual assets by ensuring that only authorized personnel or entities are granted access to a particular system, device, or facility. Access control can be achieved through various methods, including physical barriers such as doors, locks, and fences, as well as electronic systems such as biometric scanners, smart cards, and passwords. These systems typically have several components, including an access control server, a database of authorized users, and hardware such as card readers or biometric scanners. When an individual attempts to gain access to a secure area, their credentials are verified against the database of authorized users, and if verified, access is granted. They can be configured to provide different levels of access to different users based on their roles or privileges and can also keep a record of all access attempts for auditing purposes. In recent years, access control is gaining traction as it is also used in residential and commercial buildings to restrict access to certain areas or facilities.

Global Access Control Market Trends:

One of the primary factors driving the market is the increasing security concerns. As a result, several businesses, organizations, and governments are extensively investing in access control systems. Additionally, there has been an increasing adoption of cloud-based access control systems as they offer scalability, remote management, and flexibility. Other than this, access control is essential to any security system, as it helps prevent unauthorized access, theft, or damage to physical and virtual assets. Due to this, it is commonly used in industries such as healthcare, finance, and government, where sensitive information and physical assets require high protection. Besides this, the demand for mobile access control is constantly increasing, which allows users to access secured areas through smartphones or other mobile devices. Moreover, numerous technological advancements, such as biometric authentication, facial recognition, and artificial intelligence, are catalyzing the market growth. Looking forward, IMARC Group expects the market value to reach US$ 18.3 Billion by 2032, expanding at a CAGR of 6.8% during the forecast period (2024-2032).

Market Summary:

On the basis of the component, the market has been divided into controller, reader, locks, and software.
Based on the type, the market has been segmented into card-based (contact and contactless), biometric-based (fingerprint, face recognition, face recognition and fingerprint, iris recognition, and others).
On the basis of the end user, the market has been categorized into government, military and defense, commercial, healthcare, manufacturing, transport, education, residential, and others.
Region-wise, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being Allegion Plc, Assa Abloy AB, Axis Communications AB (Canon Inc.), Bosch Security Systems LLC, Dormkaba Holding AG, Honeywell International Inc., IDEMIA, Identiv Inc., Johnson Controls International, NEC Corporation (AT&T Inc.), Nedap N.V., Panasonic Corporation, Schneider Electric SE, and Thales Group.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Component, Type, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Allegion plc, Assa Abloy AB, Axis Communications AB (Canon Inc.), Bosch Security Systems LLC, dormakaba Holding AG, Honeywell International Inc., IDEMIA, Identiv Inc., Johnson Controls International, NEC Corporation (AT&T Inc.), Nedap N.V., Panasonic Corporation, Schneider Electric SE and Thales Group
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Access Control Market to Reach US$ 18.3 Billion by 2032, Propelled by the Increasing Security Concerns

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