Access Control as a Service Market 2023-2032- Industry Sees Promising Growth in Coming Years

The main advantage of ACaaS is that it is inexpensive compared to any traditional access control units. Additionally, as the information is stored remotely at a powerful data center, there is no need to install a server onsite. Furthermore, with the help of internet, we can manage access control from any part of the world. Information generated at different branches of offices can be stored and monitored from one single centralized location. Adding more doors, assigning cardholder with different levels of access without changing the hardware is possible with the help of ACaaS. Minimum upfront cost is one the major benefit of the access control as a service. Access control is possible easily with help of smart phones, desktop, or apps.

Additionally, different levels of access can be controlled with these devices without the need to upgrade a new hardware device. This makes maintenance of access control inexpensive as compared to any traditional access control unit. Furthermore, access can be controlled and accessed from anywhere. Hence, low cost and accessibility is one of the factors driving the market

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As the information and server is stored on a single centralize location, if any failure in cloud occurs, it can cause the servers to become unavailable. Additionally, if internet connectivity at a certain place is down, access to the cloud becomes difficult. Occupancy tracking is the major emerging trend of the ACaaS system. Many people are getting hygiene conscious and demand for contactless access control system.

Additionally, the emergence of COVID-19 has encouraged manufacturers to develop new system, which includes new features. Organizations are demanding systems that can track the occupancy. As workforce is gearing to resume working from office occupancy, tracking can help employers to track the workforce, thereby maintaining the social distancing rule. Additionally, a touch-free sign in and sign out, mask detection, touch less doors are some opportunities of this market. For instance, Brivo added a occupancy tracking feature in June 2020 as an extension to its Facility Safety Features with additional features of mobile access, self-screening, and visitor screening.

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Impact of COVID-19 on Access Control as a Service Market-

• COVID-19 has not only affected the global economy but also the life of the people. Lockdowns and restrictions have forced majority of workforce to work remotely from home.

• Social distancing is becoming the new norm and many companies are changing their priorities and are shifting from traditional physical access control to contactless based access control.

• The adoption of access control as a service system is increasing as they provide a cloud based access control solution, thus positively affecting the market.

• Furthermore, as most of the population is vaccinated in major countries, companies are preparing to resume offices. However, post COVID-19, employees' needs will change.

• To restrict the spread of COVID-19 virus, touch-less door entries, mass detection, temperature scanning are demanded by employees. Hence, many organizations are shifting from traditional physical access control to cloud-based access control. It is expected that ACaaS will experience growth during the forecast period.

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The combination of software as service with on premise access control devices is together known as access control as a service (ACaaS). ACaaS is a combination of both hardware and software devices; the hardware is placed on companies premises while the software and servers are stored at powerful data centers away from the company. Controlling access remotely and storing and backup of data are possible with this cloud-based solution. Access control as a service helps company's management to prevent unauthorized entry and restrict employee's access depending upon their role in the company.

Many companies use access control as s service system to keep their data centers, labs, and vaults secure from thefts. Additionally, access control as a service is also used in parking garage, warehouse complex, education institute, and hotels. Turnstiles, swipe card, video intercom, and alarm system are some of the examples of access control as a service technology.

Key Benefits of the Report

• This study presents the analytical depiction of the access control as a service industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the access control as a service market share.

• The current market is quantitatively analyzed to highlight the access control as a service market growth scenario.

• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

• The report provides a detailed access control
as a service market analysis based on competitive intensity and how the competition will take shape in the coming years.

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