Access Control Market Analysis & Opportunity Outlook 2023-2035

Global Access Control Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global access control market size is estimated to reach USD 39.16 Billion by the end of 2035 by growing at a CAGR of 11.7% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of access control was USD 10.38 Billion. The growth of the 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 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 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.

Global Access Control Market: Growth Drivers and Challenges

Growth Drivers

Growing Prevalence of IoT-Connected Devices – With a connected camera or any other IoT device, access control is a set of privileges that outline which users are given access and the tasks they are allowed to carry out. A camera, a user, and an associated access level are all specified for each item in an access control list. From around 10 billion IoT devices in 2020 to more than 29 billion IoT devices in 2030, the number of IoT devices globally is expected to nearly triple. China is expected to have nearly 5 billion consumer IoT devices by 2030, making it the country with the most of them.
Rising Popularity of Smart Home – In smart homes, access control is a useful method for managing difficulties with privacy, security, and access violation. Its fundamental objective is to guarantee that only approved users, data, and services are able to access the house's resources. By 2023, 15% of households globally are expected to have smart home technology installed.
Increasing Cases of Theft – Credentials and elements of access control, such as passwords, pins, security tokens, and even biometric scans, are frequently used to identify and authenticate users. One in five internet users was impacted by the exposure of nearly 1 billion emails in a single year, worldwide.
Growing Use of Mobile Phones, Tablets, & Laptops – Smartphones serve as the digital keycards of the digital age thanks to mobile access control. Globally active mobile device numbers increased to about 15 billion in 2021 from just over 14 billion the year before. By 2025, nearly 18 billion mobile devices are anticipated to be in use, an increase of about 4 billion devices from 2020 levels.
Rising Use of Cloud Services– Cloud computing uses access control to limit who can access the data that is stored there. This enables businesses to ensure the cyber security and confidentiality of their information and reduces risk. Cloud computing is used by around 94% of all businesses worldwide. Furthermore, globally around 21% of all cloud services are provided by the banking, financial services, and insurance industries.

Challenges

Concerns associated with security and privacy- any type of fault in the access control system, it can lead to a number of cyber-attacks and even terrorist attacks. Moreover, in case of a password leak, all the sensitive data of the devices is likely to be leaked. It can even get worse if the passcode of the electronic door is compromised. These risks to security are likely to hamper the market growth.
Low awareness of advanced security solutions
It can be time-consuming and complicated

Global Access Control Market Segmentation

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 market share in the year 2035. 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.

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 2035. 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:

By Offering	Electronic Locks Card Reader & Access Control Devices Biometric Readers
By Software	Visitor Tracking Security Management Space Management
By End User	Government Residential Commercial Industrial Healthcare Military & Defense Transport & Logistics

Global Access Control Market Regional Synopsis

The 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 2035. 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 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.

The Asia Pacific access control market is estimated to be the second largest, registering a share of about ~29% by the end of 2035. The growth of the 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.

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the 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.

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Top Featured Companies Dominating the Global Access Control Market

Suprema Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Honeywell International Inc.
Identiv, Inc.
Allegion plc.
Assa Abloy AB
Nedap N.V.
Bosch Security Systems GmbH
Gemalto Inc.
TrustSEC
Fingerprint Cards AB

In The News

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.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the access control market?

Ans: Increasing instances of cyber-crimes and thefts, growing usage of mobile phones, and a higher number of devices connected to IoT are the major factors driving the market growth.

2) What would be the CAGR of access control market over the forecast period?

Ans: The market size of access control is anticipated to attain a CAGR of 11.7% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the access control market growth?

Ans: Privacy and security concerns, as well as a lack of knowledge of advance security measures are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of access control market in future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the access control market?

Ans: The major players in the market are Suprema Inc., Honeywell International Inc., Identiv, Inc., Allegion plc., Assa Abloy AB, Nedap N.V., Bosch Security Systems GmbH, Gemalto Inc., TrustSEC, and Fingerprint Cards AB.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the access control market?

Ans: The market is segmented by offering, software, end user, and by region.

8) Which segment captures the largest market size in the offering segment in the access control market?

Ans: The electronic locks segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Base Year	2022
Forecast Year	2023-2035
CAGR	11.7%
Base Year Market Size (2022)	USD 10.38 Billion
Forecast Year Market Size (2035)	USD 39.16 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)