The access control market is expected to strengthen its boundaries at a steady CAGR of 12.4% during the forecast period. The market is expected to hold a share of USD 19.05 billion in 2023 while it is anticipated to cross a value of USD 61.31 billion by 2033.
The research report on the access control market talks about the expanding corporate structure, enhanced automation, and conservation of money and energy. The benefits of access control systems such as the tracking of visitors, prevention against data breaches, and a safe work environment. Furthermore, the advanced system security includes usernames and passwords and PINs, biometric scans, and security tokens.
With companies adopting the security layers, new brands provide customized limited access to information and other elements. This acts as an enhanced security and administrative layer to the data. Organizations are adopting hybrid cloud and multi-cloud environments. Different types of access controls are there such as mandatory access control (MAC), discretionary access control (DAC), attribute-based access control, and role-based access control. The challenges like dynamically managing distributed IT environments are anticipated to fuel the demand for access control.
The access control market outlook states that the end user’s requirements like reporting and monitoring applications, provisioning tools, identity repositories, and enhanced security policy garner growth. Data governance and visibility via consistent reporting along with dispersed IT environments are calling for integrated access solutions such as access control.
The varied line applications include restriction of access to office premises, controlling medicines on fingerprints (Healthcare), prisons, colonies, and pre-trial detention (Power Structures). Other than this, there is an increased demand from sectors like financial institutions, educational institutions, railway stations, and the maintenance of communication. The increase in data breaches in the healthcare system to steal patient data and information is also pushing the government to implement effective measures
| Attributes | Details |
|---|---|
| Access Control Market CAGR (2023 to 2033) | 12.4% |
| Access Control Market Size (2023) | USD 19.05 billion |
| Access Control Market Size (2033) | USD 61.31 billion |
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Short-term Growth (2023 to 2026): During this period, Initiatives undertaken by companies worldwide, coupled with awareness about cybercrime and security for data have been gaining ground in recent years. Companies are taking steps to secure enterprise information from various internal and external threats.
The growing awareness of cyber crimes and data security is expected to drive the sales of access control systems during the forecast period. The market is expected to hold USD 2.53 billion in 2023 while it is anticipated to reach USD 2.94 billion by 2026
Mid-term Growth (2026 to 2029): With rapid development in cloud computing and access control, the security and controls market has transformed, in comparison to the previous decade. This period is likely to witness the transition. Emerging cloud-based technologies provide web- and cloud-based solutions for cost-effectiveness, real-time analytics, easy access to data, integration with other systems and software, sharing of data internally and externally, scalability, and flexibility. From USD 2.94 in 2026, the market is expected to land at a value of USD 3.48 billion in 2029.
Long-term Growth (2029 to 2033): While this exposes new endpoints to cyber-attacks and digital frauds, it also provides significant opportunities for the adoption of such solutions. A survey conducted on SMEs by Zurich, a cyber-attack insurance provider, revealed that in the Asia Pacific, SMEs consider cybercrime as one of their top concerns. Thus, the access control market is anticipated to thrive at a steady CAGR of 12.4% between 2023 and 2033.
Traditionally, contactless biometrics were used for applications predominantly initiated by military access control, and civil, or criminal identification under a tightly regulated technical and legal framework. But nowadays, all industrial sectors including BFSI, healthcare, education, military and defense, and many others have started adopting contactless biometrics.
Most importantly, acceptance and awareness of this technology have increased among industrial users in the past few years. This increasing ubiquity of biometric authentication using a range of different identification methods makes mobile biometrics accessible in the industrial workplace. Moreover, facial recognition technology is also being used by companies to identify their employees as soon as they enter the organization.
Principal Consultant
| Region | CAGR (2023 to 2033) |
|---|---|
| The United States | 7.5% |
| China | 4.7% |
| India | 6.6% |
| Germany | 2.7% |
| The United Kingdom | 4.0% |
High Demand from Healthcare and Manufacturing Technology is likely to Flourish the Demand for Access Control Market in the Region
| The United States Market CAGR (2023 to 2033) | 7.5% |
|---|---|
| The United States Market Sales Volume (2023) | 4,328.4 |
As per FMI’s analysis, the United States access control market is thriving at an average CAGR of 7.5% between 2023 and 2033. The market is anticipated to hold a sales volume of 4,328.4 units in 2023. North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. The United States accounted for close to 79% of the North America market through 2031.
In February 2021, Honeywell entered into a strategic alliance with IDEMIA, to create and cultivate an intelligent building ecosystem that provides a seamless and enhanced experience for operators and occupants alike. The alliance integrated Honeywell’s security and building management systems with IDEMIA’s biometric-based access control systems to create frictionless, safe, and efficient buildings.
Increase in Tech Startups and a New Wave of Cyberattacks have pushed China Government to Make Access Control Solutions Mandatory
| China Market CAGR (2023 to 2033) | 12% |
|---|---|
| China Market Sales Volume (2023) | 1,605.8 |
Demand in China access control market is expected to rise at a CAGR of 12% over the forecast period. Increasing government investments in infrastructural development projects such as the construction and expansion of the Beijing International Airport, and the China-Pakistan Economic Corridor (CPEC), is anticipated to spur the demand for access control solutions. The regional market is expected to hold a sales volume of 1,605.8 units.
Increased terror threats and growing government spending to enhance security are some key factors driving the sales of access control solutions in China. In addition, the growing economy of China creates a significant requirement for security systems.
As per the report, China is recognized as a primary market, and it held a notable revenue share of 43.3% in 2021.
| India Market CAGR (2023 to 2033) | 9.8% |
|---|---|
| India Market Sales Volume (2023) (Units) | 890.4 |
In 2031, the demand for access control solutions in India is estimated to witness sales value of 890.4 units. India market thrives on a CAGR of 9.8% between 2023 and 2033. Several government and private entities have been investing in advanced security systems for workplace solutions and data protection. Factors such as the rapid deployment of access control systems across defense and commercial sectors are driving the demand in India.
The introduction of technologically enriched, contactless smart cards for diversified applications, is expected to propel the access control demand. Moreover, the urbanized areas of the country, including Chennai, Hyderabad, Mumbai, Delhi-NCR, and Bangalore have made remarkable progress in advancing security systems, pertaining to IT hubs, commercial spaces, and government buildings. Additionally, escalating criminal activities in the country, are driving IT companies to install access control systems for recording employee entry and exit timings to protect personnel and minimize data breaches.
| Segment | Top Component |
|---|---|
| Top Sub-segment | Hardware |
| CAGR (2023 to 2033) | 13.3% |
| CAGR (2017 to 2022) | 8.8% |
| Segment | Top System |
|---|---|
| Top Sub-segment | Iris Recognition Access Control Systems |
| CAGR (2023 to 2033) | 16% |
| CAGR (2017 to 2022) | 10.8% |
In terms of access control components, hardware held the lead accounting for nearly 62% of the market in 2021. The segment thrives at a CAGR of 13.3% during the forecast period. Fingerprint scanners are being used extensively in online transactions and smartphone applications. In addition, the mass adoption of fingerprint scanners in cloud computing along with their extensive use in smartphones is likely to boost the demand in the near future.
The introduction of single sign-in systems which eliminate the need for login IDs or passwords is estimated to further amplify the demand for enhanced security purposes. Previously, the segment garnered growth at a comparatively lower CAGR of 8.8%between 2017 and 2022.
Iris recognition access control systems are estimated to account for a growth of 16% CAGR through 2033. Iris recognition technologies blend with statistical inferences, computer vision, pattern recognition, and optics. Although iris recognition is most commonly used in physical access control systems in private and government enterprises, the versatility of the technology is widening its scope of use in other sectors of the economy, namely national identification programs, healthcare, and transportation.
Face and iris recognition have emerged as ‘zero touch’ and frictionless forms of access control that suit COVID-19 restrictions. Future projections could merge biometric solutions with implantable devices.
As iris recognition technology is accurate and secure, government security and law enforcement divisions are investing heavily in this segment to deal with huge volumes of public data. The segment thrived at a CAGR of 10.8% between 2017 and 2022.
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Key vendors of access control solutions are focusing on evolving their existing product and service portfolio. Companies are launching industry-specific solutions to meet industry-specific needs.
Market Developments:
The global market could be developed at an impressive 12.4% CAGR until 2033.
The United States is the leading market and could achieve a sales volume of 4,328.4 units in 2023.
Government investments are expected to drive the China market at 12% CAGR through 2033.
The Iris recognition access control system segment is projected to grow at 16% CAGR through 2033.
IT boom in India is projected to drive its Access Control market at 9.8% CAGR up till 2033.
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 Component 5.1. Hardware 5.2. Software 5.3. Services 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System Type 6.1. Fingerprint Systems 6.2. Face Recognition Systems 6.3. Iris Recognition Systems 6.4. Card-Based Systems 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 7.1. IT & Telecom 7.2. BFSI 7.3. Military & Defence 7.4. Manufacturing 7.5. Healthcare 7.6. Transportation & Logistics 7.7. Government 7.8. Education 7.9. 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. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 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. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Identiv 18.2. Honeywell International Inc. 18.3. NEC Corporation 18.4. Johnson Controls 18.5. Bosch Security and Safety Systems 18.6. Assa Abloy 18.8. STANLEY Convergent Security Solutions, Inc. 18.9. 3M 18.10. Secom Co., Ltd. 18.11. Dormakaba Holding AG 18.12. HID Global 18.13. Matrix Comsec Pvt. Ltd. 18.14. Paxton Access Ltd. 18.15. BioEnable Technologies Pvt Ltd. 18.16. ZKTeco India 19. Assumptions & Acronyms Used 20. Research Methodology
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Access Control Market
