Press release
Global Access Control Market Share to Reach $26.43 Billion by 2029, Growing at 15.1% CAGR
Access Control
The projected boom in smart homes is slated to boost the access control market in the future. A smart home employs internet-linked appliances enabling remote observation and regulation of systems. Access control systems, which afford both security and automation to homes, are becoming required owing to the growing wave of smart homes. These digitally controlled systems facilitate distant access to home systems. CITyFiED, a project in Spain financially backed by the European Union's Seventh Program, predicts that the count of smart homes in Europe will total 84 million by 2022, with Germany, the UK, and France propelling the market growth. For example, it is projected that the UK will see a smart home penetration rate of 63% by 2025. Hence, the proliferation of smart homes acts as a propellant for the access control market.
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How will the growth rate of the access control market shape industry trends by 2034?
In recent times, there has been a rapid expansion in the size of the access control market. From a size of $13.69 billion in 2024, it is projected to increase to $15.07 billion in 2025, posting a compound annual growth rate (CAGR) of 10.1%. The growth experienced in the historical period can be linked to the widespread implementation of mobile access control systems and governmental investments aimed at preventing the escalating number of cyber-attacks.
The market size for access control is predicted to experience accelerated growth in the upcoming years, reaching $26.43 billion by 2029 with a compound annual growth rate (CAGR) of 15.1%. The surge in growth over the forecast period can be linked to the rise in smart homes, the growing implementation of access control in the hospitality industry, and an increase in data security breaches. Key trends projected for this period include the emphasis on the rollout of cloud-based access control systems to enhance their market expansion, launching mobile-based access control solutions to maintain their market position, collaboration with hotel partners to digitize guest keys for improved accessibility and offering AI facial recognition, a focus on releasing biometric access control systems to upgrade their product array, and the emphasis on launching novel products in the access control market to fortify their product portfolio.
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What trends are poised to drive the future success of the access control market?
Leading companies in the access control market are concentrating on technological progression like smart access control solutions to improve security, simplify user control, and blend smoothly with other security systems. Smart access control solutions employ innovative technologies to bolster security and fine-tune access management. For example, Janam Technologies, a U.S.-based firm that focuses on robust mobile computers and contactless access solutions, introduced the GTX mobile entry pedestal in January 2024. Designed as a smart access control solution, the GTX mobile entry pedestal offers venues a flexible and cost-friendly option to control entry via advanced barcode scanning. Its primary attributes include a lightweight structure, enhanced battery management, and support for mobile ticketing through various platforms.
Which primary segments of the access control market are driving growth and industry transformations?
The access control market covered in this report is segmented -
1) By Type: Card Based, Biometric Based
2) By Vertical: Commercial, Military And Défense, Government, Residential, Education, Healthcare And Others, Manufacturing And Industrial, Transportation, Hospitality
3) By Deployment Model: Cloud, On-Premises
Subsegments:
1) By Card-Based: Magnetic Stripe Cards, Proximity Cards, Smart Cards, RFID Cards
2) By Biometric-Based: Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Hand Geometry Recognition
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Which geographical regions are pioneering growth in the access control market?
Asia-Pacific was the largest region in the access control market in 2024 and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the access control market landscape?
Major companies operating in the access control market include Honeywell International Inc, Robert Bosch GmbH, Assa Abloy AB, Johnson Controls International Inc, Thales Group, Allegion PLC, Hanwha Techwin Co. Ltd, Schneider Electric SE, NEC Corporation, IDEMIA, Matrix comsec, SecurAX Tech Solutions Pvt Ltd, AMAG Technology Inc, CloudWalk Technology Co Ltd, Shenzhen IntelliFusion Technology Co Ltd, NetPosa Technologies Ltd, Hid Global, Gallagher Security (Europe) Ltd, Vanderbilt Industries, Dahua Technology Ltd, British Security Industry Association (BSIA), Fermax Electronica SAU, Delta Scientific Corporation, Userful Corporation, Anviz Global Inc, Vicon Industries, Hikvision, Cloudkeyz, ButterflyMX, Security Enhancement Systems, Openpath, Genea, Sequr Inc, Acura, Agility Technologies Corp (ATC), Wolpac, Absolute Integrated Electronic Solutions, Adax, Aflak Electronics Industries Co, Al Aqili Future Technologies, AI Kawther General Trading, Al Nahr Company for Security Solutions, AL Smari Trading, Ametrad Technology Services Co, Biosec Solutions, BIO-key, BioRugged (Pty) Ltd
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What Is Covered In The Access Control Global Market Report?
•Market Size Forecast: Examine the access control market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the access control market for a structured understanding.
•Key Players Overview: Analyze major players in the access control market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the access control market.
•Segment Contributions: Evaluate how different segments drive overall growth in the access control market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the access control market.
•Industry Challenges: Identify potential risks and obstacles affecting the access control market.
•Competitive Landscape: Review strategic developments in the access control market, including expansions, agreements, and new product launches.
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