Access control market predicted to hit $15.2 billion by 2029

Northbrook, Il (USA)

The access control market is projected to grow from USD 10.4 billion in 2024 and is expected to reach USD 15.2 billion by 2029, growing at a CAGR of 7.8% from 2024 to 2029, according to the latest report from research company, Marketsandmarkets.

Some of the leading players in the access control market and mentioned in the research include Assa Abloy, Dormakaba, Johnson Controls, Allegion, Honeywell, Identiv, Nedap, Bosch, Thales, AMAG, Axis, Gunnebo, NEC, Gallagher, Brivo, Salto, idemia, Vanderbilt, Cansec, Securitas, and Datawatch, amongst others.  

Card based readers most popular

Cards are used as credentials to verify user identity and decide whether to provide access (also the appropriate level of access). Card-based readers are compatible with a variety of door control systems and credentials, including proximity cards, magnetic stripe cards, and smart cards. This flexibility allows for easy integration with existing infrastructure and scalability to accommodate growing needs. Moreover, compared to biometric readers or sophisticated facial recognition systems, card-based readers are significantly cheaper to install and maintain.

Hosted access control as a service

In hosted services, the servers holding access control data are placed at third-party locations. A user receives complete control over the access rights without the need to maintain the infrastructure. This ACaaS provides centralised security and management across multiple locations, streamlining security operations and enhancing visibility. The providers also ensure that systems are kept up to date with the latest security patches and firmware updates, improving overall security posture.

Strong commercial segment

Access control provides enhanced visitor management and experience. As it aids in pre-registration and temporary access credentials for visitors to streamline the check-in process and improve security. Integration with visitor management systems allows for centralised tracking and managing visitor activity. Moreover, access control systems manage employee and visitor access to different departments, secure confidential information, and comply with industry regulations.

North America holds largest share geographically

North America is at the forefront of implementing access control for improving safety measures and security. The rising concerns regarding data security are driving the demand for access control in the region. Security threats like cyber attacks, data breaches, and physical thefts are on the rise in North America. This underscores the need for robust access control solutions to protect sensitive assets, comply with data privacy regulations, and deter unauthorised access.


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