Surging Adoption Of Electronic Security Systems Drives Growth In The Physical Access Control System Market Driver: A Major Catalyst in the Evolution of the Physical Access Control System Market in 2025

What industry-specific factors are fueling the growth of the physical access control system market?
The physical access control system market is set to expand due to the increasing usage of electronic security protocols such as biometrics. Electronic security systems, which include surveillance, access control, alarm or intrusion control features, work on power from the mains and a backup source. These systems serve as crucial components of a facility's protective strategy. For example, the U.S. Customs and Border Protection (CBP), a law enforcement agency based in the U.S., reported in September 2024 that they had processed more than 540 million travelers via biometric facial comparison technology, effectively stopping over 2,000 fraudsters from entering the country. In conclusion, the growth of the physical access control system market is likely to be fueled by the increased utilization of electronic security systems.

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What Is the projected market size and growth rate for the physical access control system market?
In the last few years, the market size for the physical access control system has witnessed substantial growth. The expansion is projected to continue, going from $10 billion in 2024 to $10.99 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The proliferation observed in the previous years could be ascribed to factors such as the acceptance of biometric technology, amalgamation with IoT, utilization of contactless access solutions, introduction of cloud-based solutions, and management of mobile access.

In the coming years, a fast-paced expansion is anticipated in the physical access control system market, with its size set to increase to $17.27 billion by 2029, reflecting a compound annual growth rate (CAGR) of 12.0%. This expected growth in the market could be linked to various factors, such as the rise in security issues, the increasing use of biometrics, the need for contactless solutions, compliance with regulatory norms, and the merging of physical and logical security measures. Significant trends expected to emerge in this period encompass the integration of AI and machine learning, the use of data analytics for deriving security insights, the merging of physical and logical security, the transition towards contactless solutions, and a focus on cybersecurity.

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What new trends are reshaping the physical access control system market and its opportunities?
One prominent trend emerging in the physical access control system market is the rise of technological innovation. Leading corporations in this sector are concentrating on creating revolutionary tech solutions to bolster their market stance. As an illustration, Anviz, a US enterprise specializing in access control and security automation, rolled out a next-generation, OSDP-backed access control solution in July 2023. This advanced system is developed with a specific focus on access control, offering superior features and benefits, making it a preferred option for multiple organizations. The integration of OSDP allows organizations to boost the safety and operational efficacy of diverse facilities through comprehensive control and supervision of access to physical areas.

What major market segments define the scope and growth of the physical access control system market?
The physical access control system market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Keypads-based PACs, Card-based PACs, Biometric PACs
3) By End User: Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Services, Communication and Media, Retail and Other Corporate, Transportation and Utilities, Other End Users

Subsegments:
1) By Hardware: Card Readers, Biometric Readers, Keypads, Electric Locks, Controllers, Other Hardware Devices
2) By Software: Access Control Management Software, Visitor Management Software, Mobile Access Control Software, Integration Software, Other Software Solutions
3) By Services: Installation Services, Maintenance Services, Consulting Services, Monitoring Services, Other Support Services

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Which region dominates the physical access control system market?
North America was the largest region in the physical access control system market in 2024. The regions covered in the physical access control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the physical access control system industry growth?
Major companies operating in the physical access control system market include Panasonic Corporation, Schneider Electric SE, Johnson Controls International plc, NEC Corporation, Safran Group, Assa Abloy AB, Gallagher Group Ltd., Dahua Technology Ltd., Allegion plc Ltd., Gemalto NV, Dormakaba Holding AG, Idemia Group, TKH Group NV, Axis Communications AB, Avigilon Corporation, HID Global Corp, Genetec Inc., Honeywell Commercial Security Ltd., Nedap NV, Identiv Inc., LenelS2, Bosch Security and Safety Systems, Paxton Access., Brivo Systems LLC, Aiphone Co, Verkada Inc., Vanderbilt Industries LLC., Secugen Corporation

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What Is Covered In The Physical Access Control System Global Market Report?

•Market Size Forecast: Examine the physical access control system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the physical access control system market for a structured understanding.
•Key Players Overview: Analyze major players in the physical access control system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the physical access control system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the physical access control system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the physical access control system market.
•Industry Challenges: Identify potential risks and obstacles affecting the physical access control system market.
•Competitive Landscape: Review strategic developments in the physical access control system market, including expansions, agreements, and new product launches.

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