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Growth Opportunities in the Access Control Solutions Market, Global, 2023 2030
Growth Opportunities in the Access Control Solutions Market, Global, 2023 2030
The Modernization of Access Control Solutions is Driving Transformational Growth by Converging with Legacy Security Systems
22-Aug-2024
Global
Market Research
Description
Abstract Access control solutions are the cornerstone of numerous organizations’ physical security measures, allowing them to safeguard all entry and exit points around their premises and protect their employees, customers, and assets from potential risks. Due to their longstanding use, these solutions have not evolved much in the past few decades, despite digital advancements in the security industry. People often still need to present a physical token, whether an ID badge, card, or key, to a reader or lock to verify their access rights to a facility.
Although digital solutions—such as biometric readers and scanners—and enhanced integration of access control data with other physical security system data have emerged, the shift has been gradual compared to other physical security technologies. However, the COVID-19 pandemic and the swift move to hybrid workforces catalyzed the access control solution industry. Organizations began seeking solutions that could better facilitate remote monitoring, provide integrated views of multiple work sites, support digital onboarding, utilize biometric credentials for identity verification, and offer numerous other functions.
The global access control solutions market comprises a small group of established vendors that have consistently provided hardware and supplementary software as digitalization took root. However, the evolving demands for physical access systems have opened the market to new vendors and driven additional innovation among competitors aiming to maintain their long-term advantage. This benefits customers by offering more choices, enhanced functionality, and a faster pace of technological development that the industry lacked.
Author: Dolores Aleman
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Access Control Solutions Industry
Scope of Analysis
Vertical Segmentation
Regional Segmentation
Competitive Environment
Key Competitors by Region
Key Competitors by Region (continued)
Key Competitors by Vertical
Growth Metrics
Access Control Technologies
Types of Access Control Systems
Growth Drivers
Growth Restraints
Forecast Considerations
Forecast Considerations (continued)
Spending and Growth Forecast
Spending Forecast by Customer Vertical
Spending Forecast by Region
Spending Forecast Analysis
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Forecast Analysis by Industry Vertical
Forecast Analysis by Industry Vertical (continued)
Pricing Trends and Forecast Analysis
Growth Metrics—Law Enforcement
Spending and Growth Forecast—Law Enforcement
Spending Forecast by Region—Law Enforcement
Forecast Analysis
Forecast Analysis by Region—Law Enforcement
Forecast Analysis by Region—Law Enforcement (continued)
Growth Metrics—Airports
Spending and Growth Forecast—Airports
Spending Forecast by Region—Airports
Forecast Analysis
Forecast Analysis by Region—Airports
Forecast Analysis by Region—Airports (continued)
Growth Metrics—Enterprise
Spending and Growth Forecast—Enterprise
Spending Forecast by Region—Enterprise
Forecast Analysis
Forecast Analysis by Region—Enterprise
Forecast Analysis by Region—Enterprise (continued)
Growth Metrics, Retail
Spending and Growth Forecast, Retail
Spending Forecast by Region—Retail
Forecast Analysis
Forecast Analysis by Region—Retail
Forecast Analysis by Region—Retail (continued)
Growth Metrics, Banking and Financial Services
Spending and Growth Forecast—Banking and Financial Services
Spending Forecast by Region—Banking and Financial Services
Forecast Analysis
Forecast Analysis by Region—Banking and Financial Services
Forecast Analysis by Region—Banking and Financial Services (continued)
Growth Metrics—Utilities
Spending and Growth Forecast—Utilities
Spending Forecast by Region—Utilities
Forecast Analysis
Forecast Analysis by Region—Utilities
Forecast Analysis by Region—Utilities (continued)
Growth Opportunity 1—Adopting Cloud-based Architecture for Access Control Systems
Growth Opportunity 1—Adopting Cloud-based Architecture for Access Control Systems (continued)
Growth Opportunity 2—Convergence of Legacy Systems with New Access Control Capabilities
Growth Opportunity 2—Convergence of Legacy Systems with New Access Control Capabilities (continued)
Growth Opportunity 3—Improving Cybersecurity Measures Due to Growing Emerging Threats
Growth Opportunity 3—Improving Cybersecurity Measures Due to Growing Emerging Threats (continued)
Growth Opportunity 4—Increased Use of Mobile Credentials and Biometrics
Growth Opportunity 4—Increased Use of Mobile Credentials and Biometrics (continued)
Growth Opportunity 5—Implementing Two-factor Authentication to Enhance Security Protocols
Growth Opportunity 5—Implementing Two-factor Authentication to Enhance Security Protocols (continued)
Best Practice Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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| Deliverable Type | Market Research |
|---|---|
| Author | Dolores Aleman |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| Predecessor | K760-01-00-00-00 |
| WIP Number | KA8F-01-00-00-00 |