Access Control System (ACS) Market Size, Share, Growth, and Industry Analysis by Type (Card-Based, Biometrics, and Others) By Application (Commercial, Industrial, Residential, and Others) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2032

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ACCESS CONTROL SYSTEM (ACS) MARKET REPORT OVERVIEW

The global access control system (acs) market size was USD 8.26 billion in 2022 and is projected to grow from USD 9.45 billion in 2024 to USD 16.21 billion by 2032, exhibiting a CAGR of 6.98% during the forecast period. Asia-Pacific holds leading position in access control system (acs) market share in 2023.

In a given area through specific points of access like gates, doors, checkpoints, an Access Control System (ACS) restricts and registers entry and exit of objects (people, vehicles). Basically, these systems are designed to control access to a given territory: who, when and where are allowed to pass through, including the identification of persons and/or vehicles. Additionally, the system facilitates the logging of work hours. As well as accounting, personnel management, video surveillance, and security, it can be integrated with fire alarms and security systems. Access control devices are physically separated from other information networks in critical facilities to provide additional security. Electronic access control systems allow authorized personnel to enter through a security portal automatically without the need for a security officer to review and validate the authorization of the person entering the portal. Credentials are typically presented to the system to verify their authorization in this system. In high-security facilities such as data centers, government and military institutes, and similar facilities, an ACS is primarily a physical operation. Human access to protected equipment or facilities is typically managed, monitored, and controlled by an ACS. As a general rule, ACSs accept user credentials as input, verify or authenticate privileges using access control lists (ACLs), and grant or deny access accordingly. It is generally not cost-effective to issue keys to all employees who need them under this system. It would be cost-prohibitive to rekey a facility if a key were lost, another premise of this system. Last but not least, this system can restrict employee access to specific areas or times of the day. Employees can only be allowed into authorized areas or times of the day. As part of an organization's overall security program, this system deter and reduce both criminal behavior and violations of its security policies. It is important to remember that it is only a part of the picture.

This system is one of the fundamental components of enterprise security departments for protecting perimeters, high-level data, and assets. Across industries, this system demand is progressive and evolving at an accelerated pace. System security demands are driven by increased liability, a new source of threats, and mandatory compliance. Unauthorized entities are prohibited from entering or accessing the facilities.

COVID-19 Impact: Increased Usage of Modern Technology due to Work From Home Culture to Accelerate Market

The global COVID-19 pandemic has been unprecedented and staggering, with the access control system market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

As a result of COVID-19, the access control system market growth has also been drastically affected. Digitalization processes are being transformed by social distancing norms in response to the COVID-19 pandemic. As a result, supply and demand have collapsed simultaneously, causing the industry to suffer a severe blow. Working from home has increased the number of phishing and cyber assaults, making modern technology more important than ever. Strong authentication alternatives for protected assets and sensitive data are expected to reach a turning point. The pandemic has, however, resulted in a decline in market growth. Once end-user industries begin to recover from the effects of this pandemic, the access control system market is anticipated to regain its growth momentum.

Latest Trends

"Implementation of Mobile-based Access Control to Drive Market Growth"

Various applications benefit from the integration of biometrics with mobile devices. As a complementary new platform, biometrics-enabled smartphones are expected to expand the access control system market for authentication systems and improve security and convenience for users.

ACCESS CONTROL SYSTEM (ACS) MARKET SEGMENTATION

• By Type

The market is classified into card-based, biometrics, and others based on type. The card-based segment will lead the access control system market share throughout the forecast period.

• By Application

The market is classified into commercial, industrial, residential, and others on the basis of application. The commercial segment will lead the access control system market share throughout the forecast period.

Driving Factors

"Increasing Demand for Biometric Access Control System to Drive the Market"

A biometric access control system prevents unauthorized personnel from entering a building and verifies that a person is who they say they are. By identifying an individual through devices such as fingerprint readers, facial recognition software, iris recognition scanners, and retinal scanners, biometric systems provide security. During the authentication process, biometrics data is stored on a central database along with other useful information.

"Benefits and Increasing Demand of Industrial Access Control System to Drive the Market"

Business growth and complexity increase the need for better security. Keeping your employees safe and preventing unauthorized access to your business is becoming increasingly popular through industrial access control systems. By using a card reader, keypad, or biometric scanner, industrial access control systems allow your employees to move freely throughout the areas they're allowed access to, while barring them from entering restricted areas.

Restraining Factors

"High Initial Costs to Restrain the Market"

There are many types of access control technology available today, each with its own benefits and features. Pricing variances are also evident in biometric, smart card, keypad, and smartphone systems. There may not be a high cost associated with physical key lock systems. It is however possible to incur significant charges when replacing or rekeying the locks. Adding extra security levels may also increase the overall cost of the system. Due to the additional security and features they offer, these systems, such as biometrics, card-based systems, intercoms, and buzzers, have higher initial costs. Cost-related factors may affect the adoption of systems as a whole.

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ACCESS CONTROL SYSTEM (ACS) MARKET REGIONAL INSIGHTS

"North America to Dominate the Market Owing to the Presence of Large Number of Market Players"

Globally, North America dominates the access control system market. There are a large number of key players operating in this region, which explains the growth. For residential applications, these companies provide this systems with home automation features and digital security solutions. Over the forecast period, North American smart homes are expected to become more prevalent, driving demand.

Asia Pacific holds the second largest share of the market. Increasing demand for data and assets in the security industry is driving the fastest growth in Asia Pacific. Due to the security concerns associated with rapid urbanization, surveillance systems are also needed in residential areas. The regional market is also expected to be driven by the adoption of mobile computing devices and smartphones. Moreover, rising government investments in improving infrastructure facilities in countries such as China and India will likely boost demand.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List Of Top Access Control System (ACS) Companies

• Integrated
• SIEMENS
• BOSCH Security
• KABA Group
• Dorma
• Southco
• Nortek Control
• TYCO
• ASSA Abloy
• ADT LLC
• Schneider
• Millennium
• DDS
• SALTO
• Panasonic
• Honeywell
• Gallagher
• Digital Monitoring Products
• Suprema
• Allegion

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.