Press release
Access Control as a Service Market 2018 Industry Status expected to grow at a CAGR of 17% | Leading Players: Microsoft, Datawatch Systems, Cisco Systems and Cloudastructure
Access control as a service (ACaaS) refers to applying all components of software as a service (SaaS) over the access control mechanism. It is a web based application which can be customized according to the needs of the user. Access control as a service uses an open platform application programming interface. It is a cloud based service oriented architecture which supports multiple access control models in the operating systems. Organizations are adopting access control as a service (ACaaS) to improve the physical security along with business processes and end user experiences.
The major drivers for the growth of this market are its high speed of implementation, highly customized pre-configured system, efficient technical knowledge to build and use it, and availability of rule based notifications on mobile devices and better data security among others. The access control as a service helps in enhancing the end user privacy and offers flexibility to owners for accessibility of data. The increasing concern of organizations about losing their control over its outsourced data and security & storage of the data are leading more companies to adopt access control as a service.
The global access control as a service (ACaaS) market is expected to grow from USD ~0.50 Billion in 2016 to USD ~1 Billion by 2022, at an estimated CAGR of 17%. However, time consuming process of setting rules & duties for an organization is one of the major factor hindering the market growth.
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Major Key Players
Microsoft Corporation (U.S.),
Datawatch Systems Inc. (U.S.),
AIT Ltd. (U.K.),
Cisco Systems Inc. (U.S.),
Cloudastructure Inc. (U.S.),
Jhonson controls Inc.. (U.S.),
M3T Corporation (U.S.),
Centrify Corporation (U.S.), IBM Corporation (U.S.) and Symantec Corporation (U.S.) among others.
Industry News:
May, 2018 - ERP Maestro, the provider of the leading cloud-based access control, security auditing, and risk reporting solution for SAP systems, expanded their automated access control and security auditing solutions and leverages the platform's distinctive cloud integration capabilities into new markets.
May, 2018 – Openpath, a company on a mission to improve workplace efficiency, launched a reinvent access control to bring smart security solutions to the smart offices. This enables employees to quickly and securely enter the office using their smartphones. The Internet of Things has completely revolutionized the smart security solution, and shifted towards access control industry.
Regional Analysis
North America is dominating the global Access Control as a Service (ACaaS) market with the largest market share due to growing adoption by suppliers, end users, and monitoring organizations in the region. The growth in North America also be attributed to unified pricing offered by dealers of ACaaS. Global Access Control as a Service (ACaaS) market in European market is expected to grow at a substantial high CAGR during 2017 to 2023. The Asia Pacific market for Access Control as a Service (ACaaS) market is expected to grow at a considerable CAGR (2017-2023). Increasing smartphone uses in small & medium size industries especially in Japan, Singapore and India thereby increases demand for access control system in the region.
Segmentation
The Access Control as a Service (ACaaS) market can be segmented in to 7 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Service: Managed, Hosted & Hybrid Services.
Segmentation By Deployment : On-Cloud And On-Premise.
Segmentation By Devices: Biometric, Smart Card Access And Identity Management Solution Among Others
Segmentation By Application: Network Access Control And Data Access Control
Segmentation By Type : Discretionary And Non-Discretionary
Segmentation By Verticals: Social Media, Manufacturing, Utilities, Government Bodies, Commercial And Cooling & Lighting Among Others
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Intended Audience
• Biometric device manufacturer
• System integrator
• Consultancy firms
• Government institutions.
• Security equipment manufacturer
• Middleware provider
• OEM
• Access control systems service providers
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