Insights into Access Control As A Service Market: Global Trends and Analysis

The access control as a service market size has grown rapidly in recent years. It will grow from $1.22 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to user-centric approaches, interoperability and open standards, cybersecurity enhancements, subscription-based models, remote management needs..

The access control as a service market size is expected to see rapid growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to interoperability and standardization, enhanced mobile access solutions, shift towards subscription-based models, rise in cybersecurity concerns, increased demand for remote access solutions.. Major trends in the forecast period include cloud-based solutions, integration with iot and ai, mobile-based access, demand for remote management, shift to subscription models..

Market Overview -
Access control as a service (ACaaS) combines the advantages of subscription-based software as a service (SaaS) with on-site access control devices. Access control hardware is left in place, but software and servers are removed and kept at data centers, enabling users to manage access remotely and backup and store data securely. ACaaS enables giving the appropriate access to the appropriate individuals at the appropriate times.

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Rising Security Concerns Propel Demand For Access Control As A Service Market
Rising concerns regarding security are expected to propel the growth of access control as a service market going forward. Security concerns refer to any computer, or network information-based activity that poses a security risk and has the potential to undermine the integrity or privacy of the electronic control units' network, computers connected to the network, and data. A security concern can also result in threats, misrepresentations of identity, or harassment of or by individuals using these resources. Access control is a crucial component of data security, which determines who is permitted to access and utilize corporate resources and information. Through authentication and permission, access control rules give users the right to access company data and who they say they are. For instance, in January 2023, according to the new data provided by Checkpoint, an Israel-based provider of software and hardware products for IT security global cyberattacks increased by 38% in 2022, compared to 2021. Furthermore, according to ESET Threat Report T2 2021, researchers found a 7.3% increase in email-based attacks between May and August 2021, the majority of which were part of phishing campaigns, a created by cybercriminals to steal financial resources. Therefore, rising concerns regarding security are driving the demand for access control as a service market.

Competitive Landscape -
Major companies operating in the access control as a service market report are Digital Hands, Microsoft Corporation, Brivo Inc., Centrify Corporation, Oracle Corporation, Spica International d.o.o., Vanderbilt Industries GmbH, dormakaba Holding AG, Feenics Inc., Fleming Companies Inc., Honeywell International Inc., IBM Corporation, Johnson Controls International Plc., Kastle Systems, Kisi Inc., M3T Corporation, Honeywell Security Group, Allegion Plc., NEC Corporation, Identiv Inc., Bosch Security Systems Inc., Amazon Web Services, Cisco Systems Inc., Stanley Access Technologies, Ping Identity Corporation, Thales Group, Assa Abloy AB, AMAG Technology Inc., Cloudastructure Inc., Protection1 Security Solutions LLC .

Technological Advancements Drive Momentum In Access Control As A Service Market
Technological advancements are a key trend gaining popularity in the access control as a service market. Major companies operating in the access control as a service market are focused on developing innovative technologies to strengthen their position in the market. For instance, in December 2022, PlainID, a US-based provider of authorization and policy-based access control, launched its PlainID Technology Network. Developed with PlainID partners, the Network delivers PlainID's cutting-edge technology worldwide to help organizations securely transform authorization and access control. The goal of the PlainID Technology Network is to maximize integration with mission-critical adjacent technologies to allow identity-aware security across all business technology stack segments.

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Key Segments -

The access control as a service market covered in this report is segmented -

1) By Services: Managed Services, Hosted Service, Hybrid Service, Other Services
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By End-Users: Pharmaceuticals And Healthcare, Government, Education, Health Care, Retail, Transportation, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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