The North America Proximity Access Control Market size is estimated at USD 1.08 billion in 2024, and is expected to reach USD 1.51 billion by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).
The North American proximity access control market is fragmented. This market is highly competitive and consists of several players. The companies in the market are continuously trying to increase their market presence by expanding their operations, introducing new products, forming strategic partnerships, mergers and acquisitions, and collaborations. Some of the major players include Verkada Inc., Innovatrics, Vicon, Johnson Controls, and i2 Security Solutions.
In April 2024, Acre Security announced the Acre Access Control in conjunction with the Acre Smart Controller and the Acre Reader. The integrated ecosystem provides a wide range of flexibility and presents the quickest and most intuitive path to embracing cloud technology. Collectively, these solutions furnish a straightforward and resilient security resolution to cater to the changing requirements of any establishment.
In March 2024, Allegion US announced Schlage XE360 Series Wireless Locks, an electronic lock collection tailored to meet the demands of the multifamily market. This new series represents the latest advancement in electronic lock technology by Schlage, offering a variety of sought-after options and features catered to multifamily properties. The locks are designed to seamlessly integrate into a wide range of common area openings, ensuring versatility and convenience for property managers and residents alike.
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