[Research Report] The access control market accounted for US$ 6.05 Bn in 2017 and is expected to grow at a CAGR of 13.2% during the forecast period 2018 – 2025, to account to US$ 16.66 Bn by 2025.

Analyst Perspective:

The access control market has witnessed significant growth in recent years, driven by the increasing need for better access control systems, growing concerns about safety and security, and the rise in smart home projects. The increasing popularity of wireless access controls and cloud-based access control solutions further drives the market growth. In addition, prominent trends in the market include the expanding use of smartphones for access controls, the increasing acceptance of access control as a service (ACaaS), and the growing integration of contactless biometric access control devices. However, the market's expansion may be constrained by the high initial cost of implementing access control systems. Concerns about safety and security and developing nations' lack of knowledge about modern security solutions are anticipated to impede the access control market's expansion.

Market Overview:

Access control is a data security process that enables organizations to manage authorization to access corporate resources and data. Implementing access control is a crucial component of web application security, which guarantees that only the appropriate users have the appropriate level of access to the appropriate resources. Access control is essential for assisting enterprises in preventing data breaches and thwarting attack methods like phishing, buffer overflow, KRACK, and on-path attacks. Access control is managed through several components, such as authentication, authorization, access, management, and audit. The first step in verifying a user's identity is authentication. However, authentication alone is insufficient to safeguard companies' data. The process of authenticating gains additional security through authorization. A user's identity will be confirmed after the authorization and authentication processes are completed. This grants users access to the resource they are trying to log into. Organizations can manage their access control system by adding and removing user and system permission and authentication. Through access control audits, organizations can enforce the least privilege principle, enabling them to collect information about user behavior and utilize it to investigate access violations.

Using VPNs is one of the most popular ways to create access controls. This makes it possible for users to safely access resources from a distance, which is essential for remote employees. Businesses can utilize virtual private networks, or VPNs, to offer secure access to their networks when employees are based in various locations worldwide. Although this is the best option in terms of security, it may cause latency and other performance problems. Identity repositories, monitoring and reporting software, password management tools, provisioning tools, and security policy enforcement services are some more access control techniques.

Organizations can protect their users and data by implementing a variety of access control types such as Attribute-based Access Control (ABAC), Discretionary Access Control (DAC), Mandatory Access Control (MAC), Role-Based Access Control (RBAC), Break-glass Access Control, Rule-based Access Control.

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Access Control Market: Strategic Insights

Access Control Market

• 
  CAGR (2017 - 2025)

  13.2%
• Market Size 2017
  US$ 6.05 Billion
• Market Size 2025
  US$ 16.66 Billion

Market Dynamics

GROWTH DRIVERS

• Increasing Number of Cyberattacks Across Enterprises
• Rising Number of Smart Infrastructure
• Rising BYOD Trend

FUTURE TRENDS

• Cloud Based Access Control Solutions

OPPORTUNITIES

• Technological Advancement High Initial Cost

Key Players

• Gemalto N.V.
• Honeywell International, Inc.
• AMAG Technology Inc.
• Siemens AG
• ASSA ABLOY AB
• NEC Corporation
• Johnson Controls International PLC
• Schneider Electric SE
• Gallagher Group Limited

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Offering

• Hardware
• Software
• Services

Type

• Discretionary Access Control

End User

• Residential
• Commercial
• Industrial
• Homeland Security

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Market Driver:

Increasing Number of Cyberattacks Across Enterprises to Drive Growth of the Access Control Market

Cyber-attacks have been rated the fifth top-rated risk in 2020 and are increasing day by day with technology. Computer malware, data breaches, and denial of service (DoS) are some of the examples of cyber risks. Businesses are under continuous threat of cybercrimes. Cyber-attacks have grown more widespread in recent years. During the pandemic, cybercriminals took advantage of misaligned networks as businesses moved towards remote working environments. For instance, According to OneLogin, cybercrime cost the world over US$1 trillion, wherein 37% of organizations were affected by ransomware, and 61% were affected by malware attacks in 2020. Between 2019 and 2020, cyber-attacks in the US have increased by 139%. In fact, there were a staggering 145.2 million cases in Q3 2020 alone. Malware attacks increased by 358% in 2020 when compared to 2019. Similarly, according to the Clusit Report, cyber-attacks across the globe have increased by 10% in 2021 compared to the previous year. Cyber-attacks increased by 125% globally in 2021 and increasing volumes of cyber-attacks continued to threaten businesses and individuals in 2022. For instance, according to AAG, the UK had the highest number of cybercrime victims per million internet users at 4783 in 2022, an increase of 40% over 2020. The average cost of a cyber breach was US$4.35 million in 2022, and it is predicted that this number is expected to rise to US$10.5 trillion by 2025.

Nowadays, most employees access data and apps over a public internet connection. Every access point presents a fresh opportunity for attack. Organizations are using more Internet of Things (IoT) devices, such as printers, sensors, and smart security measures, but these devices also need to connect to networks, apps, and data. This is among the factors contributing to the rise in credential-based assaults by cybercriminals. The number of attack vectors rises each time a login ID and password are assigned to a human or digital identity. Cyber threats are a huge matter of concern in today's digital environment. They have serious consequences for individuals, corporations, and governments. Prevention from cyber-attacks is essential. The rise in cyber-attacks has increased the importance of cybersecurity to safeguard critical infrastructures and ensure the safety of individuals and organizations. Access control is companies' most important solution to safeguard data and resources. Establishing, enforcing, and maintaining strict access controls creates a robust security posture. Thus, the increasing number of cyberattacks across enterprises drives the growth of the access control market.

Report Segmentation and Scope:

The "Access Control Market" is segmented based on offering, type, end user, and geography. Based on the offering, the market is segmented into hardware, software, and services. Based on type, the market is segmented into Discretionary Access Control (DAC), Attribute-based Access Control (ABAC), Mandatory Access Control (MAC), Role-Based Access Control (RBAC), and others. Based on end users, the market is segmented into residential, commercial, industrial, and homeland security. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Segmental Analysis:

Based on the offering, the access control market is segmented into hardware, software, and services. The hardware segment in the market is expected to grow with the highest share. An access control system is composed of multiple hardware components. Three types of access control hardware are security hardware, internal hardware, and tenant credentials. Access control systems used to be made exclusively of hardware in the past. Traditional locks and keys are among the most common examples of an entirely hardware-based access control system. Nevertheless, modern access control systems use software to use the power of the internet, cloud computing, and other technical advancements.

Regional Analysis:

North America holds one of the largest global access control market shares. High technology adoption trends in various industries in the North American region have fueled North America's market growth. Furthermore, the rise of cyberattacks and increased government backing are some factors driving North America's access control market. In addition, the US has a large number of access control market players who have been increasingly focusing on developing innovative solutions. Some of the key players in the market are Honeywell International, Identiv, Bosch Security Systems, and others. These market players have been witnessing constant demand from consumers. All these factors contribute to North America's access control market growth.

Key Player Analysis:

The access control market analysis consists of players such as Honeywell International Inc.; dormakaba Group; ASSA ABLOY AB; Johnson Controls.; Allegion plc; Nedap N.V.; Identiv, Inc.; SUPREMA; Thales Group; Bosch Sicherheitssysteme GmbH, among others, are the key access control market players profiled in the report.

Access Control Market Report Scope

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Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the access control market. A few recent keyaccess control market developments are listed below:

• In November 2023, Redox announced the launch of role-based access control (RBAC). With role-based access control, users will have more control over user access in Redox organizations to mitigate the risk of leaking sensitive data, reduce the chances of breaking changes, and enforce observance.
• In July 2023, Anviz announced the launch of its next-generation access control solutions powered by Open Supervised Device Protocol (OSDP). The two new offerings – the SAC921 single-door access controller and C2KA-OSDP RFID keypad reader, are future-proof systems packed with state-of-the-art technology and smart features. Both solutions seek to ensure customer safety and peace of mind, providing a comprehensive security solution for today's modern world.
• In November 2022, Zwipe announced the launch of a two-factor authentication solution for access control based on its biometric authentication technology platform. The full capability of Zwipe's biometric card operates with existing access control systems, thereby removing the need to make time-consuming and costly adjustments to existing access control infrastructure.