Access Control as a Service Market: Huge Growth and Opportunities

Access Control as a Service Market, by Services (Managed, Hosted, Hybrid), Deployment (Public Cloud, Private Cloud, Hybrid Cloud), End-User (BFSI, Government, Education, Healthcare, Retail, Energy & Utilities, Transportation) -- Forecast till 2023

Access control as a service (ACaaS) Market is expected to grow at CAGR of 17% during the forecast period and expected to reach market size of USD 1 Billion by the end of forecast period.

The prominent players in the access control as a service(ACaaS)market are- 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.

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Access control as a service is a method used by many organizations for implementation of governance policies to the corporate network. Access control services should be implemented for attainment of operational efficiency and securing the confidential data of the organization from hackers. Access control as a service majorly provides user authentication for securing their confidential data. This market is majorly driven by bring your own device (BYOD) used by the enterprises, and increasing usage of advanced cloud computing systems by the organizations. The major challenges in growth of Access control as a service market could be the low awareness among the end users such as social media, manufacturing, utilities, government bodies industries and low rate of adoption of latest technologies by the traditional access control installers.

The cost associated with access control as a service can be categorized as per door basis cost and cost related to number of users/credentials who are availing the service. The service provider charge cost on the basis of number of users/ credentials of service when the number of transactions in an organization is very high which leads to increase in implementation cost of access control services. The billing for various projects of access control as a service is customized according to the need of the project undertaken.

Access control as a service (ACaaS) Market

The Global access control as a service (ACaaS) Market has been segmented on the basis of service, deployment, application, devices, type and verticals. Service includes managed, hosted and hybrid among others. Deployment comprises of on-cloud and on-premise. The applications are network access control and data access control. The devices of ACaaS are biometric, smart card access and identity management solution among others. On basis of type, the market can be segmented as discretionary and non-discretionary. The various verticals are social media, manufacturing, utilities, government bodies, commercial and cooling & lighting among others.

Market Research Analysis:

Market Research Future Analysis shows that non-discretionary type of access control as a service is expected to attain a higher growth rate in the forecast period. Here, the service provider or an authorized person defined the users who can access the services or defines policies for such access control. Various types of non-discretionary access control methods are used by organizations such as role-based access control, purpose based access control, mandatory access controls and history based access controls among others. The non-discretionary access control is dependent on the rules and regulations defined by the organization and helps ensure confidentiality of data by implementing access control as a service. The non-discretionary type is majorly used to serve changing requirement of the users as well as in reducing their time duration to perform the assigned task.

Geographically, North America is expected to dominate the access control as a service market due to high demand of data security solutions in various industrial sectors such as manufacturing, utilities, IT and others. Furthermore, Asia-pacific is showing fruitful opportunity in the upcoming years as increasing digitalization leads to manage the huge database which also requires control over data security. The increasing smartphone uses in industrial operations is also fuelling the market growth of access control as a service in the Asia-Pacific region.

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