The global access control and authentication market size is anticipated to surge at a CAGR of 7.6% in the forecast period 2023 to 2033. It is expected to cross a valuation of USD 28.1 billion in 2033 from USD 13.5 billion recorded in 2023.
The market is projected to create an absolute dollar opportunity of USD 14.6 billion in the review period. It had crossed a valuation of around USD 12.2 billion in 2022.
Ability of authentication platforms to help an individual identify their legal existence is projected to aid demand. What their identity is permitted to perform is set to be determined by an authorization policy in the assessment period.
For instance, any bank customer would be able to generate a username for logging into that institution's online service. However, the bank's authentication strategy must ensure that, after one’s identity is validated, the person alone have permission to view their specific account online. This is where authentication platforms are expected to help.
Possibility of cybercrime has risen significantly with the quick digitization of sectors and services. Necessity of safeguarding digital assets against unauthorized access and hostile actors is becoming more understood by both organizations & individuals. To avert unauthorized intrusions and data leaks, effective access control and authentication procedures are necessary.
Globally, governments have been enacting more stringent privacy and data protection laws. Organizations are set to make sure that sensitive data is accessible securely.
They are projected to use such platforms to track when users access confidential data in order to comply with legislation. Europe, for instance, has implemented the General Data Protection Regulation (GDPR). With emergence of comparable rules in other countries, access control and authentication demand might surge.
Uptake of portable access and remote work to business systems and resources has been boosted by the epidemic. To protect firm data and sustain productivity, firms are projected to use trustworthy access control and authentication technologies. This is set to help them to protect their data when workers operate from different places and gadgets.
Bring-your-own-device (BYOD) policies, which permit workers to use their own electronic devices for work, are set to be widely adopted by enterprises. This trend might pose security challenges.
It is due to the possibility of sensitive information being accessed by a wide range of devices with varied levels of protection. In order to manage this complexity securely, appropriate access control and authentication procedures are anticipated to be required.
New security vulnerabilities are expected to be created by growth of interconnected systems and internet of things (IoT) devices. Strong access control and authentication are essential for safeguarding these computer networks. The data they manage might also need protection since unsecured devices can act as entry points for cyberattacks.
| Attributes | Key Insights |
|---|---|
| Access Control and Authentication Market Estimated Size (2023E) | USD 13.5 billion |
| Projected Market Valuation (2033F) | USD 28.1 billion |
| Value-based CAGR (2023 to 2033) | 7.6% |
| United Kingdom Value-based CAGR (2023 to 2033) | 6.8% |
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The global access control and authentication market is projected to witness a CAGR of 7.6% in the evaluation period. It expanded at a considerable CAGR of 11.0% in the historical period from 2018 to 2022.
Although cloud services have plenty of benefits, security issues are sometimes raised. Organizations are set to migrate their information and software to the cloud at an increasing rate by 2033. This is likely to create a high demand for robust access control and authentication systems to guarantee data security in these open settings.
Application programming interfaces (APIs) are a key component of communication and interaction in cloud services. However, if these APIs are not sufficiently secured, they might be open to attacks. To forestall unauthorized access to or abuse of APIs, proper authorization and verification techniques are needed.
Cybercriminals might aim for cloud login information such as usernames, as well as passwords. Unauthorized access to cloud storage accounts might result from phishing attempts, credential stuffing, or poor password management.
Organizations are set to enforce multi-factor authentication (MFA) to reduce this risk. They are also likely to adopt strong password standards and train users on security best practices for mitigating such risks.
IAM or identity and access management is essential to cloud security. To successfully handle identities of users, positions, and rights in their cloud environments, organizations must build robust IAM policies.
It might entail applying the concept of minimizing privilege. At the same time, they might focus on establishing tasks and privilege degrees based on job duties. They are set to routinely assess and upgrade access privileges to prevent cyberattacks.
In August 2023, the Health Employers Association of British Columbia declared that three of its websites had fallen prey to cyberattacks. Personal information of thousands of persons working in or applying for jobs in British Columbia's public health care sector might have been stolen. To prevent such cases, access control and authentication sales are expected to rise.
Principal Consultant
China access control and authentication market is likely to witness a CAGR of 8.5% in the assessment period. It registered a steady CAGR of about 12.6% from 2018 to 2022.
Mobile and e-commerce activities have significantly increased in China. Today, mobile devices are used by millions of consumers to access services. Hence, requirements for secure authentication techniques might become essential to safeguarding financial transactions, personal information, and sensitive data.
The International Trade Administration (ITA) mentioned that the most prominent day of the calendar year for internet sales is November 11, also known as ‘Singles Day’ in China. Brands can make as much as eighty percent of their yearly revenue via discounts. In 2021, Singles Day had lasted 11 days due to the pandemic, generating a record-breaking USD 139.1 billion.
Key opinion leaders (KOLs) in China often engage in real-time transmissions of themselves while promoting several products to their audiences. This practice, known as livestreaming, might quickly develop in the country through 2033.
Capacity to reach diverse consumers dispersed around China, particularly those who live outside of big cities, is livestreaming e-commerce's leading benefit. Companies might raise brand exposure by directing broadcasts toward rural areas and lower-tier cities in China.
United States-based businesses are set to collaborate with local advertising partners to build a marketing plan and assist its implementation in China. Hence, rising use of social media and online platforms for selling & buying products might fuel expansion of the market.
The United States access control and authentication market is expected to create an incremental opportunity of USD 4.0 billion in the review period. It is anticipated to record a CAGR of 6.5% during the same time frame.
In several distinct sectors, the United States has seen an increase in hacking and data breaches. Businesses and individuals are hence looking for tighter access control and authentication systems. They might aim to safeguard their sensitive data and digital assets as the security environment grows more sophisticated.
Sensitive patient data is stored in great numbers by the United States healthcare business. Healthcare businesses hence need strong access control and authentication mechanisms to secure patient data.
They are also likely to adhere to Health Insurance Portability and Accountability Act (HIPAA) requirements. This is attributed to increasing digitization in the field of medical records and telemedicine services.
For instance, HCA Healthcare, a Tennessee-based healthcare service provider, declared that stolen personal information from possibly tens of millions of patients is being sold on a data breach forum. Patients were forewarned that significant private data had been exposed. This included their complete name, city, and the time & location of their most recent medical appointment.
In terms of technology, the biometrics segment is projected to witness a CAGR of 7.5% from 2023 to 2033. It had showcased decent growth at a CAGR of 10.9% in the historical period.
Compared to conventional techniques such as passwords or PINs, biometric authentication gives an additional layer of security. Biometric characteristics such as fingerprints, facial characteristics, eye structures, or voiceprints are specific to each individual. These might make it challenging for imposters to pass as legitimate users.
Users frequently find biometric authentication to be more convenient than having to memorize and enter passwords. It is set to do away with the need to remember complicated passwords. It also helps to lessen the possibility of user-related security problems such as sharing passwords or reuse.
Mobile devices nowadays include biometric authentication as basic functionality, with capabilities such as thumb prints and recognition of faces becoming commonplace. Demand for easy and safe biometric authentication would hence surge along with growth of mobile usage.
In April 2023, the mobile banking app of City Union Bank Limited (CUB) enabled customers to sign in through speech biometric authentication as a security measure. Expansion of this capability to incorporate net banking consumers is currently being designed.
Due to the vocal biometric user verification joining the user fingerprint, face ID, and ID/PIN identification options, customers will have a variety of alternatives. Customers can select the authentication method that best suits their preferences and needs.
In terms of application, the residential & commercial segment is estimated to register a CAGR of 7.4% in the forecast period. It expanded at 10.8% CAGR during the historical period.
Commercial premises can benefit from access control systems that grant temporary access to invited visitors, contractors, or clients. Such systems can also be used in residential settings to restrict guest access and improve resident security.
Modern safety and construction management software such as video monitoring and detection of intrusions can connect with access control systems. Through integration, management procedures are likely to be streamlined and security can be improved.
Remote access control system management is also a useful feature for both domestic and business applications. Flexibility and convenience can be increased by the ability of landlords and managers to manage access. It can further provide permissions and keep an eye on activity from any location.
According to their roles and responsibilities, access control solutions in commercial settings can help regulate employee access to diverse building areas. Similar to this, these systems might provide effective monitoring of tenant access in residential complexes. These can help in guaranteeing that only authorized people can enter defined areas.
In July 2023, a new robotic security system was jointly introduced in Singapore by Guardforce AI Co., Limited and Concorde Security Pte Ltd, a prominent provider of security services. The concierge robot from Guardforce AI will be outfitted with a security unit for the guest management system. It would also include a computer program that can be used by businesses to register and keep track of every visitor that enters their buildings.
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Leading access control and authentication solution providers are offering cloud-based solutions to deliver scalable and flexible services to their customers. Cloud solutions would enable easy access from anywhere. They can also reduce the need for on-premises infrastructure and provide real-time updates & monitoring.
Solution providers are further focusing on ensuring seamless integration with a wide range of applications, platforms, and systems. Compatibility with several devices and protocols would allow them to cater to diverse customer needs and enhance the user experience.
A few other companies are emphasizing intuitive and user-friendly interfaces to make their solutions easier to use & manage. Simplified administration dashboards and self-service options for end users would be able to enhance user satisfaction.
Blockchain technology is also expected to be used for access control and authentication. It might help to offer decentralized and tamper-resistant authentication mechanisms.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 13.5 billion |
| Projected Market Valuation (2033) | USD 28.1 billion |
| Value-based CAGR (2023 to 2033) | 7.6% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD billion) |
| Segments Covered | Technology, Component, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Czech Republic, Poland, Romania, Hungary, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia & New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Saudi Arabia, Algeria, Egypt, Morocco |
| Key Companies Profiled | Bosch Security and Safety Systems; Panasonic Corporation; Thales; Honeywell Commercial Security; Axis Communications AB; Genetec Inc.; Identiv, Inc.; Suprema, Inc.; NEC Corporation; ASSA ABLOY; AMAG Technology, Inc.; Johnson Controls International Plc; Sensory, Inc. |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market is valued at USD 13.5 billion in 2023.
Bosh Security and Safety Systems and Panasonic Corporation are the leading market competitors.
The market is estimated to reach USD 28.1 billion by 2033.
Japan and South Korea with 7% and 8% CAGR to expand the market.
Biometrics segment to garner a 7.5% CAGR by 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. Biometrics 5.1.1. Fingerprint Recognition 5.1.2. Face Recognition 5.1.3. IRIS Recognition 5.1.4. Voice Recognition 5.1.5. Others 5.2. Smart Card 5.2.1. Contact Card 5.2.2. Proximity Card 5.3. Electronics Locks & Doors 5.4. Magnetic Stripe 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 6.1. Hardware 6.1.1. Readers 6.1.2. Serial Access Controllers 6.1.3. IP Access Controllers 6.1.4. Integrated Solutions 6.2. Software 6.3. Services 6.3.1. Support & Maintenance 6.3.2. Installation & Integration 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Residential & Commercial 7.2. Government & Public Sector 7.3. BFSI 7.4. IT & Telecom 7.5. Retail 7.6. Healthcare 7.7. Military & Defense 7.8. Manufacturing 7.9. Hospitality 7.10. Education 7.11. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Bosch Security and Safety Systems 16.2. Panasonic Corporation 16.3. Thales 16.4. Honeywell Commercial Security 16.5. Axis Communications AB 16.6. Genetec Inc. 16.7. Identiv, Inc. 16.8. Suprema, Inc. 16.9. NEC Corporation 16.10. ASSA ABLOY 16.11. AMAG Technology, Inc. 16.12. Johnson Controls International Plc 16.13. Sensory, Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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Access Control and Authentication Market
