A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines
04-Oct-2024
Global
Frost Radar
KADA-01-00-00-00
AE_2024_1050
Access control solutions are the cornerstone of numerous organizations’ physical security measures used to safeguard all facility entry and exit points as well as protect employees, customers, and assets from security 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 solutions industry. As such, 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.
As the access control industry continues to grow, Frost & Sullivan has carefully selected a group of providers that offer complete solutions to cover an organization's physical and digital security operations. These companies include physical security vendors with an entire access control portfolio and new industry entrants offering more comprehensive solutions to customers. Frost & Sullivan has independently plotted the top 16 vendors in this Frost Radar™ analysis: acre security, Alcatraz AI, Alert Enterprise, Alocity, AMAG, BioConnect, Brivo, Dormakaba, Genea, Genetec, HID Global, IDEMIA, Motorola Solutions, Parabit, Vitaprotech, and Zwipe. These vendors offer solutions that include biometrics, multifactor authentication, access points, and multiple devices to identify and authenticate individuals inside a facility and recognize any unusual situation occurring inside an organization.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to generate their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.
Strategic Imperative
Strategic Imperative (continued)
Growth Environment
Growth Environment (continued)
Frost Radar™: Access Control Solutions, 2024
Frost Radar™ Competitive Environment
Frost Radar™ Competitive Environment (continued)
Frost Radar™ Competitive Environment (continued)
acre
acre (continued)
acre (continued)
acre (continued)
Alcatraz AI
Alcatraz AI (continued)
Alcatraz AI (continued)
Alcatraz AI (continued)
Alert Enterprise
Alert Enterprise (continued)
Alert Enterprise (continued)
Alocity
Alocity (continued)
Alocity (continued)
AMAG
AMAG (continued)
AMAG (continued)
BioConnect
BioConnect (continued)
BioConnect (continued)
Brivo
Brivo (continued)
Brivo (continued)
Dormakaba
Dormakaba (continued)
Dormakaba (continued)
Dormakaba (continued)
Genea
Genea (continued)
Genea (continued)
Genetec
Genetec (continued)
Genetec (continued)
HID Global
HID Global (continued)
HID Global (continued)
IDEMIA
IDEMIA (continued)
IDEMIA (continued)
Motorola Solutions
Motorola Solutions (continued)
Motorola Solutions (continued)
Parabit
Parabit (continued)
Parabit (continued)
Vitaprotech
Vitaprotech (continued)
Vitaprotech (continued)
Zwipe
Zwipe (continued)
Zwipe (continued)
Best Practices
Growth Opportunities
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Next Steps
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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| Deliverable Type | Frost Radar |
|---|---|
| Author | Dolores Aleman |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Access Control Market |
| Keyword 2 | Digital Id Trends |
| Keyword 3 | Access Management Growth |
| Podcast | No |
| WIP Number | KADA-01-00-00-00 |
Frost Radar™: Access Control Solutions, 2024
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