Global Access Control Solutions Market 2024-2028
The access control solutions market is forecasted to grow by USD 2.94 bn during 2023-2028, accelerating at a CAGR of 7.77% during the forecast period. The report on the access control solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness about sophisticated data security threats, increasing availability of biometric equipment, and growing interconnectedness of devices.
Technavio's access control solutions market is segmented as below:
By Application
- Accounts management and identity synchronization
- Unified authentication
- Others
By End-user
- Government
- BFSI
- Healthcare
- Transportation
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the increasing government initiatives for implementing biometric access control systems as one of the prime reasons driving the access control solutions market growth during the next few years. Also, technological advancements in access control solutions and emergence of cloud-based access control solutions will lead to sizable demand in the market.
The report on the access control solutions market covers the following areas:
- Access control solutions market sizing
- Access control solutions market forecast
- Access control solutions market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading access control solutions market vendors that include ASSA ABLOY AB, Brivo Inc., Broadcom Inc., Centrify Corp., Cisco Systems Inc., Cloudastructure Inc., Datawatch Systems Inc., dormakaba Holding AG, Feenics Inc., Honeywell International Inc., International Business Machines Corp., M3T Corp., Microsoft Corp., Motorola Solutions Inc., Okta Inc., Oracle Corp., Ping Identity Corp., SecureAuth Corp., Thales Group, and Vector Security Inc.. Also, the access control solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.