The mobile access control platform market in North America is expected to grow from US$ 49.44 million in 2019 to US$ 297.16 million by 2027; it is estimated to grow at a CAGR of 26.1% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Rising penetration of smartphones and wearable devices has gained momentum over the past few years. The ongoing significant technological developments in smartphones and wearables currently have led to the rising penetration of these devices across developed and developing countries. The growing adoption of smartphones in developing markets creates a central growth arena for various ongoing technological developments. Smartphone adoption has an enormous impact on the industry. The rising smartphone and wearable device penetration is stimulating the growth of connected devices, which allow users to remotely access their door locks and operate with the help of several connected mobile apps. Smartphone proliferation to the point of ubiquity has offered a new option to the manufacturers; access to smartphones is more secure than traditional keys. They provide wireless connectivity, which can send security alerts to the user, allowing them to monitor the systems remotely. Hence, the huge adoption of smartphone and wearable devices across all the countries are fueling the growth of North America market. Companies in the North America market are introducing advanced locks, which can be accessed via user’s smartphone at anytime, anywhere. The growing smartphone penetration across the North American region empowers the advanced locks manufacturers to offer wireless connected solutions to their customers. Thus, the growth in the rising penetration of smartphones and wearable devices is expected to create a significant demand for mobile access control platform in the coming years, which is further anticipated to drive the market in North America.
In North America, the US has the highest number of COVID-19 confirmed cases than Canada and Mexico. The US is home to many technology companies, and thus the impact of coronavirus outbreak is anticipated to be highest on the country’s economy. The US's ongoing crisis and the situation will negatively impact the North America mobile access control platform market growth. The US is one of the important markets for mobile access control platform growth. The supply chains for vital mobile access control platform related components have been threatened, and demand has been negatively impacted across most industries markets. However, the impact would be short-term since temporary hospitals are being built in the region, and they are demanding this contactless platform for the security of these hospitals. Likely, some additional demand for mobile access control platform in the healthcare sector would propel the market's growth from 2021.
With the new features and technologies coming in North America mobile access control platform market, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America mobile access control platform market. The North America mobile access control platform market is expected to grow at a good CAGR during the forecast period.
North America Mobile Access Control Platform Market Segmentation
North America Mobile Access Control Platform Market – By Technology
North America Mobile access control platform Market – By Application
- Commercial
- Automotive
- Others
North America Mobile Access Control Platform Market - By Country
North America Mobile Access Control Platform Market – Company Profiles
- Nokē, Inc.
- Proxy Inc
- Unikey Technologies Inc
- Openpath, Inc.
- Remotelock
- Salto System
- Brivo Systems LLC
North America Mobile Access Control Platform Report Scope
| Report Attribute |
Details |
| Market size in 2019 |
US$ 49.44 Million |
| Market Size by 2027 |
US$ 297.16 Million |
| Global CAGR (2020 - 2027) |
26.1% |
| Historical Data |
2017-2018 |
| Forecast period |
2020-2027 |
| Segments Covered |
By Technology By Application |
| Regions and Countries Covered |
North America |
| Market leaders and key company profiles |
Nok, Inc.
Proxy Inc
Unikey Technologies Inc
Openpath, Inc.
Remotelock
Salto System
Brivo Systems LLC |