According to the recent study the Access Control as a Service Market is projected to reach an estimated $2 billion by 2028 from $1 billion in 2022, at a CAGR of 14.2% from 2023 to 2028. Growth in this market is primarily driven by increasing uses of cloud computing platforms and IoT technology, growing demand for cloud based hosted and managed services and rising adoption of electronic security products in access control as a services market.
Browse 80 figures/charts
and 74 tables in this 150-page report to understand trends, opportunities and
forecast in access control as a service market by end use industry (commercial,
manufacturing and industrial, government bodies, residential, transportation,
healthcare, education, and utilities), service (hosted, managed, and hybrid),
deployment (public cloud, private cloud, and hybrid cloud, and region (North
America, Europe, Asia Pacific, and the Rest of the World).
“Managed market is expected to remain the largest segment during
the forecast period.”
Based on service, the
access control as a service market is segmented into hosted, managed, and
hybrid. Lucintel forecasts that the managed market is expected to remain the
largest segment due to the increasing demand in organizations to secure data
and as adding and deleting access rights and credentials.
“Within the access control as a service market, the public cloud
segment is expected to remain the largest deployment.”
Based on deployment the
public cloud segment is expected to witness the highest growth over the
forecast period.
“North America will dominate the access control as a service
market in near future.”
North America will
remain the largest region due to high adoption of advanced and IoT based cloud
computing to minimizing risk for a business or organization. APAC is expected
to witness the highest growth over the forecast period supported by increasing
uses of access control as service in commercial, manufacturing and industrial
sectors.
Major players of access
control as a service market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Brivo
Inc., Cloud structure Inc, Assa Abloy Ab, Dormakaba, Honeywell Security,
Digital Hands, Microsoft Corporation, Cisco Systems, Inc., Datawatch Systems,
Inc, and Centrify Corporation are among the major access control as a service
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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