According to a market report, published by Sheer Analytics and Insights, 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. There are two kinds of access control such as physical and logical. Physical access control is widely used in campuses, buildings, and corporate offices. Logical access control is used in computer networks, data, and system files. Along with these, there are several types of access control such as mandatory access control, discretionary access control, role-based access control, role-based access control, and attribute-based access control. In IT organizations, access control and authentication is a kind of method which is integrated and involved in access management systems. Therefore, these systems provide software, data-based information, management tools, and policies. Hence, the increasing demand for access control and authentication system has driven the market growth over the last few years. However, the COVID-19 pandemic has hindered the market growth in the last two years. After the pandemic situation, the market is again gaining its value and growth opportunities across various regions. Thus, the end-user industries are gradually recovering from the negative impact of the epidemic.
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The increasing sense of security has increased the demand for many access control and authentication devices and solutions. It provides enhanced security via networks, data, and workstations to authorized personnel. The demand for safety and security is increasing and thus several major companies are becoming more cautious about the deployment of access control and authentication technology systems. For example, ACI Worldwide and the UP Company have selected AMAG Technology to deploy access control, video management, and GUEST visitor management, across the globe. Therefore, these installation procedures are further supporting the access control and authentication market as a worldwide growth opportunity. In addition, the adoption of biometric technology such as fingerprints, IRIS, faces, and palm recognition is increasing awareness. Hence, the existing market players are focusing on investing more in the development of advanced technologies, which is expected to propel the growth of the market.
In several developed countries, the government has imposed some policies for security purposes, which have increased the investments in some manufacturing companies and organizations. Therefore, the government and proper investments are supporting those organizations to provide access control and authentication systems with advanced technologies across various well-known nations. At present days, there are many access control technology options, which are widely available with various features and benefits. These systems are smart cards, smartphones, keypads, biometric, physical key-based lock systems, buzzer systems, and others. There are several risks associated with the mishandling of data and information in growing organizations. Therefore, they should be aware of the significance of protection of sensitive information; hence, the adoption of access control and authentication system is increasing across various fields such as IT sectors, defense and military, government offices, and others. Thus, the growing demand for access control and authentication solution is further expected to fuel the market.
According to the study, key players dominating the global access control and authentication market are 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.
The Global Access Control and Authentication Market Has Been Segmented Into:
The Global Access Control and Authentication Market – by Technologies:
The Global Access Control and Authentication Market – by Components:
The Global Access Control and Authentication Market – by End-Users:
The Global Access Control and Authentication Market – by Regions:
North America
Europe
Asia-Pacific
LAMEA
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