Access Control and Authentication Market, (By Technologies: Biometric Technology, Smart Card, Electronic Locks, Magnetic Stripes, Multi-Technology Reader & Others. By Components: Hardware, Software & Other. By End-Users: Government and Public Sector, Residential, Commercial, Military and Defense, Education, Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global access control and authentication market was valued at $8.4 billion in 2021 and it is expected to reach $24.3 billion at a CAGR of 9.8% between 2022 and 2032. Access control and authentication system enable prompt and effective-real time response during thefts, suspicious, and other criminal activities. The devices such as smart cards, biometric systems, face recognition, and other advanced electric devices play an essential role in providing security and safety to various sectors across the globe. 

By region, Asia-Pacific holds the largest share in the access control and authentication market across the globe.  

Due to the increasing threats of unauthorized access in various sectors such as government, IT companies, retail, bank, and financial sectors, among others, are expected to gain growth opportunities for the market over the upcoming years. There are many access control and authentication key players in the market, which are focusing on taking advantage of new opportunities for restructuring their existing plans along with advanced development of new products, which will benefit a large number of customers as well as various sectors. This would change the scenario of the global market in the upcoming years. Access control is mainly created to monitor people and objects and stop intrusion into any kind of property, location, and information. These are tools that are widely used to prevent criminal activities from happening in places such as bus stoppages, airports, banks, financial sectors, shopping malls, ATMs, and others. Thus, the increasing demand for access control and authentication system is anticipated to witness significant growth during the forecast period. 

Source: SAI Research

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Based on technologies, the market is segmented into biometric technology, smart card, electronic locks, magnetic stripes, and multi-technology readers, among others. The biometric technology category is anticipated to witness the largest share of the overall access control and authentication market throughout the upcoming years. The demand for biometric technology along with mobile devices increased the level of safety, security, and various applications across the globe. For example, a South Korean Company, Suprema HQ designed a smartphone-based access control and authentication without contact, which can manage the device with Bluetooth Low Energy technology for the access of door locks. Based on components, the market is segmented into hardware, software, and other services. The hardware category is expected to gain more opportunities due to the increasing number of advanced technologies such as artificial intelligence, IoT, and cloud computing with easy integration systems along with access control and authentication services.                           

Based on end-users, the market is categorized into government and public sector, retail, residential and commercial, healthcare department, manufacturing industries, BFSI, IT and telecom, education, military, and defense sectors, among others. The residential and commercial segments are expected to witness increasing adoption of access control and authentication system and services during the forecast period. The demand for electronic products is surging the growth of the overall due to the growing trend of home automation. Geographically, the access control and authentication market is segmented into North America, Asia-Pacific, Europe, Latin America, Africa, and Middle East Countries. Among these, the Asia-Pacific region is dominating the access control and authentication market across the globe due to the increasing economy, smartphones usage, and communications network. The adoption of biometric systems, artificial intelligence, and IoT services is growing, which is further expected to boost the market growth during the forecast period from 2022 to 2032.    

According to the study, key players such as Dormakaba Holdings AG (Switzerland), Assa Abloy Manufacturing Company (Sweden), Johnson Controls HVAC Company (Ireland), Allegion Security Company (Ireland), Honeywell Multinational Conglomerate Company (U.S), Identiv Company (U.S), Nedap Company (Netherlands), Suprema Company (South Korea), Thales Group Aerospace Company (France), Robert Bosch Stiftung GmbH (Germany), Western Electric Company (U.S), Advent International Private Equity Company (U.S), Panasonic Industrial Conglomerate Company (Japan), Canon Optical Products Company (Japan), Dahua Technology Publicly Traded Company (China), Warbug Pincus Private Equity Company (U.S), Sensory Inc Software Company (U.S), Hanwha Group Conglomerate Company (South Korea), Dots Info Systems Private Limited (India), KISI Inc Company (Sweden), ESSL Biometric and Security (India), Matrix Comsec Private Limited Company (India), SolarWinds Software Company (U.S), Mace Security International Company (U.S) Per Mar Security Services Corporation (U.S), among others are leading the global access control and authentication market.       

Scope of the Report:                   

The Global Access Control and Authentication Market Has Been Segmented Into:

The Global Access Control and Authentication Market – by Technologies:

• Biometric Technology
• Smart Card
• Electronic Locks
• Magnetic Stripes
• Multi-Technology Reader
• And Others

The Global Access Control and Authentication Market – by Components: 

• Hardware
• Software
• Other Services

The Global Access Control and Authentication Market – by End-Users:

• Government and Public Sector
• Residential
• Commercial
• Military and Defense
• Education
• Hospital Sectors
• Manufacturing Industries
• Healthcare Department
• BFSI
• IT and Telecom
• Others

The Global Access Control and Authentication Market – by Regions:       

North America 

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA