Access Control Market

Market Overview

The global access control market size was valued at USD 7,546.30 million in 2021. It is projected to reach USD 14,108.70 million by 2030, growing at a CAGR of 7.20% during the forecast period (2022-2030).

Access control is a security method that is employed to restrict unauthorized access to resources in a computing environment. It is an essential security principle that reduces risk to the company or organization. According to security directors, the two most significant ways an access control system improves an organization's security are by reducing physical security breaches (34%) and the frequency and severity of insider threats (28%). Organizations are attempting to create synergies between security and IT and add functionality to their systems to achieve these aims, as well as the advantages of a high-functioning access control system. Most contemporary access control systems utilize a mix of workstations and servers.

Market Dynamics

Global Access Control Market Drivers

Rising Cybercrime and Threats

Numerous land and business owners are very concerned about industrial estate security. Most urban centers in the United Kingdom have an industrial estate surrounding them. According to the FSB, 6 million SME enterprises were operating in the UK at the beginning of 2020, employing 16.8 million people and generating an estimated USD 3.19 trillion in revenue. These enterprises are always at risk from theft, burglary, and anti-social behavior, including criminal mischief and arson. According to recent research called "Calling time on business crime, " smaller businesses are more susceptible to crime," with 2.54 million small organizations in England and Wales reporting at least one business crime in the previous two years.

According to the same study, 46% of small businesses have installed or upgraded physical security, such as locks, alarms, and CCTV, for 71% of small businesses have taken at least one defensive action against classic business crime. As per IBM, the average cost of a data breach in the government sector decreased by 16% in 2019 due to investments in automation, orchestration, and incident response planning. If the government keeps up with technological improvements, the cost may decrease further.

Global Access Control Market Restraint

Operating and ROI Concerns

The introduction of biometric technology aims to increase security, but it also creates several complicated technological, procedural, social, and policy issues related to privacy and security. Biometric data is vulnerable to hackers since it is being collected and analyzed, especially because fraud techniques constantly evolve. Deep artificial neural networks may be trained over time to create or recreate faces, according to studies.

The original biometric information can be changed for unlawful purposes. For instance, an editing program like Adobe Photoshop may be used to slightly alter digital photographs and videos of a person's face to produce a fake match. DeepFakes are recently created using Generative Adversarial Networks (GANs), synthetic images, and movies that look realistic. Since the digital maps of the human body collected by biometric sensors can be stored locally or transmitted over a network to a central storage database, data security is one of the biggest dangers.

Global Access Control Market Opportunities

Technological Advancements

Cards have always handled access control, but mobile credentials and, in some use cases, biometrics have recently gained the lead. Higher education is one end-user that has adopted a mobile credential for access, where a smartphone acts as the credential rather than a card. The smartphone uses near-field communication (NFC) is used for access. Biometric identification is also used for admittance at higher education institutions. For access to dining services, some universities are abandoning cards in favor of fingerprint identification. Access control is a crucial component of business security systems by regulating entry or limiting access, and keeping structures, defined locations, and critical information secure and safe.

A complete facility, secured area, network, or workstation, which may contain resources storing sensitive information about thousands or millions of people, can be accessed by authorized users with the swipe of a card. Many access control systems only require one type of authentication. Still, more recently, businesses have begun to implement multifactor identification. This security improvement necessitates the user to provide two forms of identification to gain access, such as entering a PIN and swiping a card.

Regional Analysis

The global access control market is divided into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

North America Dominates the Global Market

North America is the most significant shareholder in the global access control market and is expected to grow at a CAGR of 7.70% during the forecast period. One of the key factors contributing to the expansion of access control systems in the United States has been the increasing demand for efficient and authorized access to physical and logical resources as a result of the rising crime rates. The development and implementation of wireless technologies in security systems and the quick uptake of IoT-based security systems with cloud computing platforms are other factors driving the market's expansion. By giving people more control over their properties, these technologies also play a significant role in urban security. Limiting access to only those who can be identified is one of the most effective strategies to secure workers and assets from any danger.

Asia-Pacific is expected to grow at a CAGR of 7.80%, generating USD 4,707.43 million during the forecast period. China has been leading the market in the Asia-Pacific region for the past few years and is anticipated to dominate during the forecast period. This is mainly because of the expanding construction industry, alongside many manufacturing industries, and a rising crime rate. Over several years, demand will expand as mobile-based access control solutions are increasingly adopted nationwide. In addition, government programs like CRIC (China Resident Identity Card), which requires fingerprint information to protect public security, make these cards challenging to fake and are one factor boosting the nation's market growth.

The increased need for authorized access to physical and logical resources as a result of an increase in crime rates has been one of the major forces behind the growth of access control solutions in Europe. The category's expansion is attributed to rising global trade and an increase in UK air travel. The need for improved security and safety tools to thwart attacks and other crimes is growing along with the growth in aviation travelers. Major airline firms in the UK are deploying cutting-edge security measures to protect their passengers. The introduction of biometric boarding for foreign flights departing the UK was announced by British Airways (BA).

Brazil's Superior Electoral Tribunal (TSE) declared that it would suspend biometric authentication in the local elections to stop the spread of the virus as cases of COVID-19 increase in Brazil. This is because most of the nation's present biometric voting system uses contact-based fingerprint scanners, which the TSE and its advisers determined would not be secure even with frequent cleanliness after each usage by the populace. Government-sponsored biometric identification programs and the growing use of biometrics in various industries are anticipated to be key market growth drivers in the Middle East and Africa. African government has increased their adoption of digital technology to better the healthcare sector, where biometrics play a vital role in identifying individuals and securing patients' information.

Segmental Analysis

The global access control market is segmented by type and end-user.

Based on type, the global access control market is bifurcated into card readers and access control devices, biometric readers, electronic locks, software, and others.

The biometric reader segment is the highest contributor to the market and is expected to grow at a CAGR of 7.60% during the forecast period. Recently, biometric readers have been introduced to the market, which use psychological or physiological data measurements to assess access authorization. These include voice recognition, signature dynamics, iris recognition, vein geometry, hand/finger recognition, fingerprint recognition, hand/finger geometry, and hand/finger recognition. The term "biometric authentication" in the context of the Biometric Access Control system refers to the identification of people based on their physical distinctiveness. These eliminate the requirement for cards, fobs, keys, and key pins in favor of precise measuring procedures that confirm a person's identity.

There are numerous access card technologies on the market. Due to their ease of duplication, these were among the first access cards created yet offered almost no security. Barcode and QR code cards are scanned by access control points using an infrared light beam. The computer systems attached to the devices can convert the codes into user access credentials and authenticate users. However, QR codes can hold thousands of data characters, while barcodes can only store roughly 100. Since these cards are simple to duplicate, they are helpful for low-risk access control requirements. With the credentials encoded on a magnetic stripe implanted in a plastic card, magnetic stripe cards are more secure than barcodes.

Based on end-user verticals, the global access control market is bifurcated into commercial, residential, government, industrial, transport and logistics, healthcare, military and defense, and other end-user verticals.

The commercial segment owns the highest market share and is anticipated to expand at a CAGR of 7.90% over the forecast period. Safe and trusted access to company locations, offices, and facilities increases employee, client, and supplier confidence. According to statistics on employee fraud, employee theft affects two-thirds of all US-based small enterprises (National Federation of Independent Business). When leaving their previous jobs, 59% of ex-employees admitted to taking sensitive information from the organization, according to statistics on employee fraud cases (American Bar Association).

Since touchless building access control is relatively new, it is not widely adopted. These options enable tenants to access their apartment complex without making direct contact. The outdated keypad-operated equipment has long-controlled access control systems. However, during the COVID-19 pandemic, shared touch-point situations pose a severe risk to the biosecurity of a building or campus. The PAC Residential Cloud is a pioneer in enabling businesses to remotely administer and watch over their access control systems. With a sizable housing portfolio and a dedication to providing residents with the highest level of safety and security, Ealing Council in the United Kingdom benefits from employing PAC's cutting-edge cloud-based access control solution, PAC Residential Cloud.

Recent Developments

• June 2022- Nedap Identification Systems and EINS Technologies India Pvt. Ltd. announced their strategic partnership. Nedap long-range RFID and ANPR scanners and EINS Integrated Security Management Solutions provided a complete vehicle gate entry access control system. High levels of security and efficient vehicle throughput for user groups can be guaranteed with the help of this combined solution.