Access Control Market size was valued at USD 10.69 Billion in 2023 and is likely to reach USD 29.72 Billion by the end of 2036, registering around 8.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of access control is assessed at USD 11.48 Billion. The growth of the access control market can be attributed to the increasing instances of theft at homes, commercial buildings, and others. Access control systems monitor who enters and exits, ensuring that nobody enters without authorization. Therefore, it curbs cases of theft and accidents. In the United States, robberies started to rise in the second half of 2021. There were nearly 4,000 additional robberies in the cities by December 2022. In addition to this, in India, there is a break-in, robbery, or burglary every three minutes.
In addition to these, factors that are believed to fuel the access control market growth of access control include the rising investment for the deployment of various access control services. A visitor management tech company named iLobby announced in January 2021 that it had raised USD 100 million from Insight Partners. These funds are expected to be used by iLobby to scale its go-to-market operations and increase the functionality of its products. On the other hand, the access control market growth is also attributed to a higher number of devices connected to IoT, and the rising cases of cyber-crimes. In 2022, the United Kingdom had nearly 4800 victims of cybercrime for every million internet users, an increase of around 40% from 2020.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
11.7% |
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Base Year Market Size (2023) |
USD 10.69 Billion |
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Forecast Year Market Size (2036) |
USD 29.72 Billion |
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Regional Scope |
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Offering (Electronic Locks, Card Reader, Biometric Readers)
The global access control market is segmented and analyzed for demand and supply by offering into electronic locks, card reader & access control devices, and biometric readers. Out of the three offerings of access control, the electronic locks segment is estimated to gain the largest access control market share in the year 2036. The growth of the segment can be attributed to the increasing demand for smart locks at homes. The electronic lock, also known as a digital lock, is currently one of the most potent solutions available. It is becoming more and more popular not just in commercial and industrial settings but also in individual residences. Almost 12 million homes in the United States have smart locks installed as a result of their rapid growth. In the world, mechanical door locks are installed on most residential doors, and on the other hand, the smart door locks are gradually replacing outside locks. Out of all, the most common and easiest of electronic locks is the electronic code lock. The user enters a code on a keyboard to activate it.
End-user (Government, Residential, Commercial, Industrial, Healthcare, Military & Defense, Transport & Logistics)
The global access control market is also segmented and analyzed for demand and supply by end user into government, residential, commercial, industrial, healthcare, military & defense, and transport & logistics. Amongst these three segments, the government segment is expected to garner a significant share of around in the year 2036. Government organizations and departments produce, distribute, and retain large volumes of frequently sensitive data, imposing a high risk of cybercrime. The growth of the segment is primarily attributed to rising cases of cyberattacks. In the United States federal agencies reported more than 31,000 cybersecurity incidents in 2018 alone. The United States government was responsible for around 2 percent of exposed data and nearly 6% of all data breaches the following year. Access control manager (ACM) is an on-premise system that provides the same level of control and auditability for government buildings that must adhere to strict security compliances, with extra capabilities made especially for federal systems.
Our in-depth analysis of the global access control market includes the following segments:
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By Offering |
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By Software |
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By End User |
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North American Market Forecast
The access control market share of access control in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 30% by the end of 2036. The growth of the market can be attributed majorly to the rising popularity of smart home devices. By 2023, at least 60 million US households are expected to be actively utilizing smart home technology, which is defined as using them at least once per month. Also, this is approximately a 3% increase over 2022, when around 57 million households were adopting smart home technology. Moreover, nearly 47% of all households in 2023 is anticipated to be households with smart home technology. On the other hand, the rising use of other smart home devices, such as mobiles and laptops is also expected to augment the access control market growth in the region. In the United States, around 48% that makes up half of American own a tablet. Moreover, seven out of ten own a laptop or desktop in the U.S. The most common devices used to access the internet are laptops and desktop computers.
APAC Market Statistics
The Asia Pacific access control market is estimated to be the second largest, registering a share of about 29% by the end of 2036. The growth of the access control market can be attributed majorly to the increasing use of access control across various end-user industries, such as BFSI, government, defense & military, and others. For instance, in order to enhance their current access control and staff management systems with contactless biometric access control, the Federal Bank Limited in India partnered up with IDEMIA, the world leader in augmented identity solutions. On the basis of IDEMIA's SmartBio SDK, this solution uses iris and facial recognition to verify employees' identities for access to the Core Banking System and attendance.
Europe Market Forecast
Further, the access control market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the access control market can be attributed majorly to the rising effort by the government to implement biometric control for identification. To construct the Common Identity Repository (CIR), the European Union announce to combine a variety of existing biometric databases. The CIR is likely to contain biometric information on 350,000,000 people (including EU citizens and non-EU citizens) and be accessible to all EU law enforcement and border control agencies. The database has biometric identifiers linked to identity information from passports and biographical documents including names and dates of birth.
TurstSEC announced the launch of TrustSEC Bio Access control card. The users' authentication process would be made easier by the access control card, which also ensures strong security standards. The Bio access control cards from TrustSEC integrate the two features. By successfully validating the user's identity over logical access points and physical access points using the user's distinctive fingerprint
Fingerprint Cards AB announced the ThinkBook 14 and ThinkBook 15 G4 notebooks from Lenovo have a biometric PC solution of fingerprint cards built into the power button.
Author Credits: Abhishek Verma
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