Global Electronic Access Control Systems Market Size, Share

Industry Insights

[203+ Pages Report] According to Facts and Factors, the global electronic access control systems market was worth around USD 32,817.5 million in 2021 and is estimated to grow to about USD 67,243.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.7% over the forecast period. The report analyzes the electronic access control systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the electronic access control systems market.

Market Overview

Electronic access control systems are made up of all electromechanical hardware devices that are used to control entry into any private premise. These systems are found in a wide range of locations, including government buildings, business areas, and individual dwellings. The development of new touchless access control advanced technology will be a crucial driver for the global electronic access control systems market over the forecast period. In addition, the growing usage of identity and authentication technological innovations to ensure security is propelling the global electronic access control systems market in the coming years. Key players in the global electronic access control market are concentrating their efforts on increasing their market share through collaborations, partnerships, and mergers and acquisitions, which is contributing to the growth of the market.

The increasing popularity of cloud-based hosted access and ID system installations by both government and commercial sites has also increased the deployment of electronic access control systems. Due to their capacity to administer numerous sites from a single system, cloud-based systems are fast gaining appeal. In reality, security and convenience are heightened in this atmosphere. This aspect is to account for the widespread use of contactless electronic access control systems. Moreover, the growing number of healthcare centers, road constructions, educational buildings, and residential structures are also contributing significantly to the growth of the electronic access control systems market in the approaching years.

COVID-19 Impact:

The Covid pandemic is interfering with industry operations. The pandemic is causing unforeseen changes in the market for electronic access control systems. Demand for the technology is expected to fall beginning in 2020. The system's deployment is problematic due to the Covid. The rate of adoption is steadily dropping. Many offices prefer to carry out their organizational tasks from home. Therefore, the need for this system in businesses is decreasing. The manufacturing of electronic access control systems is dropping due to a decrease in demand from the major end-user. However, demand for the system in the healthcare industry is increasing throughout this time. Patients seeking Covid treatment are pouring into hospitals. It is expanding the security solution in the health industries. During this time, demand from this industry is supporting the growth of the electronic access control systems market. The deployment of electronic access control systems is expected to be massive in the future years.

Growth Driver

• Globally, there is an increase in the number of terrorist strikes and organized crime.

During terrorist attacks and other criminal actions, access control technologies enable quick and effective real-time responses. The growing security concerns in many companies are a significant driving force in the electronic access control systems market. Theft breaches and break-ins are common crimes in business and residential environments. As a result, the demand for advanced security systems is increasing. Electronic access systems are widely used because they are simple to operate. It is an amazing security solution that can be used for a variety of reasons.

Smart cards, biometric devices, and electronic gadgets for better security and authentication play a vital role in improving security and safety in the commercial, government, industrial, and residential sectors. Terrorism poses a significant hazard in public places and educational institutions nowadays. Electronic access control is being rapidly deployed to prevent such crimes. Access control systems are also deployed in highly restricted regions, nuclear power facilities, and organizations to improve personnel and asset security.

Restraint

• Major security and privacy risks in the access control environment stem from unauthorized access and data breaches.

The growing interconnection of IoT-enabled devices for data sharing and collection dramatically increases the number of vulnerabilities within a system. Furthermore, while crucial information is in transit, government agencies, data collectors, and hackers may gain unauthorized access to it. This could jeopardize not only an individual's privacy but also constitute a security risk. Personal information may be misused and lead to a security breach if it is transferred to an unintended recipient. As a result, the risk of cyberattacks via smart devices or IoT-enabled gadgets is impeding the growth of this market.

Opportunity

• Phased introduction of mobile-based access control

Technological advancements in the electronic access control systems market will open up new avenues for growth. The integration of biometrics with mobile devices improves security in a variety of applications. Biometrics-enabled smartphones are a complementary new platform that is expected to grow the market for authentication systems while also improving user security and convenience. End-users from various sectors would be enticed by the many technological advances in the electronic access control systems market. The introduction of new features and systems will result in potential growth.

Challenge

• Users are less aware of the availability and benefits of modern security solutions.

Organizations should be made aware of the need of protecting sensitive information, safe information handling, and the risks associated with information misuse. All of these dangers can be reduced by restricting access to this information and infrastructure to approved parties. Companies must engage in conferences and fairs to raise user knowledge of the benefits of modern security solutions.

In addition, the high installation cost is a challenge for the market of electronic access control systems. The installation of an electronic access control system is a complicated operation. The technique for installing the system entails installing new doors, gates, cards, and biometric devices on each building floor is costly and complex.

Segmentation Analysis

The Electronic Access Control Systems Market is segregated based on Offerings, Access Control as a Service, and Vertical.

By Offerings, the market is classified into Hardware, Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Controllers, Others, Software, Visitor Management systems, Database and software Tools, Services, Installation & Integration Services, Support & Maintenance Services. During the projected period, biometric readers are expected to increase at the fastest rate. Biometric technologies are utilized in access control systems to measure various physiological indicators for identification and authentication.

The biometric reader-based access control system market has been subdivided into fingerprint recognition, palm recognition, iris recognition, face recognition, and voice recognition. Biometrics is one of the most rapidly increasing perimeter security technologies. This technology allows for the identification of a person's physical traits in order to grant regulated physical access to infrastructure. This technology is increasingly being employed in government institutions, manufacturing plants, power plants, defense installations, and businesses.

By Vertical, the market is classified into Commercial, Enterprises & Data Centers, BFSI, Hotels, Stadiums, & Amusement Parks, Retail Stores and Malls, Military & Defense, Government, Residential, Education, Healthcare, Manufacturing & Industrial, and Transportation. During the projection period, the residential vertical is predicted to be the fastest-growing market for access control. Access control systems are increasingly being used in residential buildings. To avoid invasion and crime, residential homes are implementing access control systems. Electronic lock-based access control systems are increasingly being used in these properties.

The growing trend of home automation is driving up demand for electronic items. Growing crime rates, continued technology improvements, a rising need to identify risks such as fire and gas leaks, and safeguarding the safety of children and the elderly at home are all factors driving the expansion of this industry.

Report Scope

Regional Landscape

North America dominated the electronics access control systems market because of the presence of a stable and well-established economy, as well as the strong presence of the region's top manufacturers. Rapid product development in the country, as well as a number of government programs, are expected to boost demand for electronic access control systems. Globally, the United States is a prominent player in electronic access control systems. The region has significant development potential due to the fast-paced growth of the economy and changes in lifestyle.

During the forecast period, the Asia Pacific electronic access control systems market is expected to grow significantly. This is because key market players and nations such as China, India, and Japan are present in substantial numbers. In the Asia Pacific, there is attractive potential for makers of electronic access control systems. China and India are major countries in the electronic access control system market, because of the implementation of touchless access control technologies such as mobile access control, cloud-based security, multifactor authentication, and biometric technology. Access control system technology has evolved into one of the most useful diagnostic tools in industrial applications, which is driving the regional market.

Recent Developments

• In 2020, Dormakaba and Everis are working together on a new self-boarding technology being tested at Linate Airport (Milan). Using their own biometric facial recognition profile, passengers can get entrance to the security checkpoint and the aircraft without presenting any ID or boarding permit.
• In 2021, Honeywell International Inc. increased its MAXPRO Cloud range with the introduction of the MPA1 and MPA2 access control panels, which offer cloud, web-based, or on-premise hosting. These offer users low-cost access control as well as real-time security information. MAXPRO Cloud is a cloud-based security solution that integrates access control and video surveillance into a single platform to safeguard multi-site retail, franchises, multi-tenant commercial and residential buildings, schools, and churches.

Competitive Landscape

Some of the main competitors dominating the Electronic Access Control Systems Market include - dormakaba Holding (Switzerland), ASSA ABLOY (Sweden), Johnson Controls (Ireland), Allegion plc (Ireland), Honeywell International (US), Identiv, Inc. (US), Nedap N.V. (Netherlands), Suprema HQ (South Korea), Thales Group (France), Bosch Security Systems (Germany), NEC Corporation (Japan), and IDEMIAs (France)

The global electronic access control systems market is segmented as follows:

By Offerings Segment Analysis

• Hardware
• Card-based Readers
• Biometric Readers
• Multi-technology Readers
• Electronic Locks
• Controllers
• Others
• Software
• Visitor Management System
• Database and software Tools
• Services
• Installation & Intégration Services
• Support & Maintenance Services

By Access Control as a Service Segment Analysis

• Hosted
• Managed
• Hybrid

By Vertical Segment Analysis

• Commercial
• Enterprises & Data Centers
• BFSI
• Hotels, Stadiums, & Amusement Parks
• Retail Stores and Malls
• Military & Defense
• Government
• Residential
• Education
• Healthcare
• Manufacturing & Industrial
• Transportation

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America