Access Control as a Service Market is anticipated to grow at a CAGR of 11% during 2020-2025

The global access control as a service market is projected to reach $1.1 billion by 2025, at a CAGR of 11% during 2020-2025. The growth of access control as a service market is driven by increasing uses of cloud computing platforms and IoT technology, growing demand for cloud based hosted and managed services, and rising adoption of electronic security products in access control as a services market.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the access control as a service market by end use industry (commercial, manufacturing and industrial, government bodies, residential, transportation, healthcare, education, and utilities), service (hosted, managed, and hybrid), deployment (public cloud, private cloud, and hybrid cloud), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the access control as a service market?
Q.4 What are some changing demands of customers in the access control as a service market?
Q.5 What are the new developments in the access control as a service market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this access control as a service area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this access control as a service market?

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Market Segmentation:

Based on on end use industry, the access control as a service market is segmented into commercial, manufacturing and industrial, government bodies, residential, transportation, healthcare, education, and utilities. The commercial segment accounted for the largest share of the market in 2020 during the forecast period, due to increasing adoption of AcaaS particularly in small- to medium-sized businesses (SMBs) as it provide cost savings and continued support and scalability benefits.
North America is expected to be the largest region over the forecast period due to growing demand for security solutions and advancement in cloud-based technologies. APAC is expected to witness the highest growth over the forecast period supported by increasing adoption of ACaaS system in commercial, government bodies, and manufacturing and industrial applications.
Key Players in the access control as a service market are Dormakaba, Assa Aboly AB, Honeywell Security, Microsoft Corporation, Brivo Inc, Cisco Systems, Inc., and Digital Hands.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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