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Growth Opportunities in the Access Control Solutions Market, Global, 2023–2030

Publisher Frost & Sullivan
Published Aug 22, 2024
SKU # MC19115519

Description

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

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.

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 Vertical
    • Growth Metrics
    • Access Control Technologies
    • Types of Access Control Systems
    • Growth Drivers
    • Growth Restraints
    • Forecast Considerations
    • Spending and Growth Forecast
    • Spending Forecast by Customer Vertical
    • Spending Forecast by Region
    • Spending Forecast Analysis
    • Forecast Analysis by Region
    • Forecast Analysis by Industry Vertical
    • 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
    • Growth Metrics-Airports
    • Spending and Growth Forecast-Airports
    • Spending Forecast by Region-Airports
    • Forecast Analysis
    • Forecast Analysis by Region-Airports
    • Growth Metrics-Enterprise
    • Spending and Growth Forecast-Enterprise
    • Spending Forecast by Region-Enterprise
    • Forecast Analysis
    • Forecast Analysis by Region-Enterprise
    • Growth Metrics, Retail
    • Spending and Growth Forecast, Retail
    • Spending Forecast by Region-Retail
    • Forecast Analysis
    • Forecast Analysis by Region-Retail
    • 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
    • Growth Metrics-Utilities
    • Spending and Growth Forecast-Utilities
    • Spending Forecast by Region-Utilities
    • Forecast Analysis
    • Forecast Analysis by Region-Utilities
    • Growth Opportunity 1-Adopting Cloud-based Architecture for Access Control Systems
    • Growth Opportunity 2-Convergence of Legacy Systems with New Access Control Capabilities
    • Growth Opportunity 3-Improving Cybersecurity Measures Due to Growing Emerging Threats
    • Growth Opportunity 4-Increased Use of Mobile Credentials and Biometrics
    • Growth Opportunity 5-Implementing Two-factor Authentication to Enhance Security Protocols
    • Best Practice Recognition
    • Frost Radar
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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