Global Access Control Market Report and Forecast 2024-2032

Global Access Control Market Outlook

The global access control market attained a value of about USD 9.46 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.40% to reach nearly USD 18.00 billion by 2032.

Growing Accessibility to Biometric Equipment Augmenting the Market Growth of Access Control

The growing accessibility to biometric equipment is driving the growth of the access control industry. As fingerprint recognition provides easy and cost-effective access control, it is extensively used, which is fuelling the market growth. The market growth can also be attributed to the increasing interconnectedness of devices and the surging security risks.

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The growing popularity of face recognition systems and voice printing in security applications are invigorating the market for access control. In addition, the rising interests in multi-factor and multimodal authentication to verify identity, especially in digital and remote access, are strengthening the growth of the market.

The growing prevalence of organised crimes that focuses on data theft due to the growing digitisation is driving the market for access control. With the increasing affordability of biometric scanners, it is extensively used in various applications in the healthcare, banking, and commercial industries, which is propelling the industry growth. The growing innovations in biometric security are surging their demand for authentication, which is significantly contributing to the market growth. The increasing incorporation of various authentic processes in biometric scanners is surging their security, which is positively impacting the industry growth. Moreover, the emerging trend of continuous authentication in the cybersecurity industry is surging the demand for biometric scanners, thereby bolstering the industry growth.

Access Control: Market Segmentation

Access control is an integral component of security and allows users to access information and resources by authenticating and authorising them. It mitigates the risk of information being accessed without authorisation while limiting access to information. Access control increases the ease of access to employees and prevents data breaches.

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The major types of access control are:

• Card Reader and Access Control Devices
• Biometric Readers
• Electronic Locks 
• Software 
• Others

The market can be broadly categorised on the basis of its end use into:

• Commercial
• Residential
• Government
• Industrial
• Transport and Logistics
• Healthcare
• Military and Defence
• Others

The EMR report looks into the regional markets of access control like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Use of Mobile Access Control Systems to Invigorate the Growth of the Access Control Industry

The growing use of mobile access control systems owing to their enhanced accessibility is augmenting the market growth. The increasing flexibility offered by mobile access control systems is leading to a surge in their demand in commercial applications, thereby propelling the market growth. As smartphones can be used as security badges for access control owing to the advancements in Near Field Communication (NFC), they are increasingly preferred as an alternative to RFID of key cards. Moreover, smartphones offer heightened security and prevent counterfeit accessibility. They are deployed in high-security applications, which is anticipated to fuel the industry growth in the coming years.

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Growing Adoption of Cloud-Based Controls to Augment the Market for Access Control

The increasing adoption of cloud-based access controls to boost multi-site access and management as well as operational improvements is fuelling the market growth. The limitless scalability and enhanced security offered by cloud-based access control are increasing its use. Cloud-based access controls can efficiently deploy the latest security updates to prevent new security threats, which is significantly contributing to the industry growth. The aftermath of the COVID-19 pandemic and the trend of remote work are also surging the deployment of cloud-based access controls, which is projected to provide further impetus to the growth of the market in the forecast period.

Key Industry Players in the Global Access Control Market

The report presents a detailed analysis of the following key players in the global access control market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• 3M Cogent Inc.
• Hanwha Techwin Co., Ltd.
• Thales group
• Honeywell International Inc
• Johnson Controls, Inc.
• Bosch Security Systems, LLC.
• Allegion PLC
• Identiv, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report