Access Control as a Service Market is valued at USD 1023.6 Million in 2020 and expected to reach USD 5075.6 Million by 2027 with the CAGR of 25.7% over the forecast period.
Global Access Control as a Service Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising adoption and implementation of cloud-based services and growing adoption of BYOD are the major factor driving the growth of Global Access Control as a Service Market.
AcaaS usually means access control as a service. It utilizes software as a service (SaaS) technology, and it is cloud-based. Access control as a service is entirely a cloud-based solution that is coordinated to approve and validate users hence, enlightening the physical safety of the service as well as improving business procedures and end-user experiences throughout a network. This facilitates users to gain entry to distinct facilities and web applications from anywhere. The major aim of access control as a service is to offer protection by permitting or limiting entry to these assets by any party or entity.
This is generally done as a safety measure to safeguard those funds from illegal access or management. There are three major types of access control as a service such as role-based access control (RBAC), discretionary access control (DAC), and mandatory access control (MAC). Access control as a service is a safety measure that is put in place to control the people that can operate, view, or have access to a restricted environment. Access Control as a Service blends the benefits of software as a service (SaaS) along with on-premises access control devices.
Covid-19 is negatively impacting the access control as a service market growth owing to the economic recession globally. Government and various healthcare organizations across the world still require social distancing counseling measures such as no-contact entry points at workstations, and other public places.
Global Access Control as a Service market reports cover prominent players like Cisco Corporation, Protection1 Security Solutions, Johnson Controls (Tyco), Brivo Inc., Stanley Access Technologies, Centrify Corporation, Ping Identity Corporation and Gemalto NV and others.
The Global ACaaS Market is segmented on the basis on service, deployment, end-use application, and region & country level. Based on service, the access control as a service market is classified as hosted, managed, and hybrid. Based on deployment, the market is categorized as public cloud, private cloud, and hybrid cloud. Based on end-use application, the access control as a service market is classified as commercial, manufacturing & industrial, government bodies, residential, transportation, healthcare, education, utilities, and retail.
By End-use Application:
The regions covered in this Access Control as a Service Industry report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of Access Control as a Service is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
On November 13th, 2020- Identiv proclaimed the declaration of Freedom Cloud, the cloud-based Access Control as a Service proposing for the Freedom Access Control solution. Identiv stated in the declaration that its Freedom Cloud highlights “the industry’s smallest equipment footprint” and its cloud, subscription-centered maintenance provides corporations the choice to pay as they go and only for what they require, making fewer investment and larger cash flow. Freedom Cloud empowers customers to monitor, operate, and retain their physical access control system (PACS) through Freedom’s intuitive browser-centered web management.
Several factors are contributing to the growth of the access control as a service market across the world including the growing adoption of electronic security products among end-users, accessibility of advanced technology security solutions, and many more. The rising adoption and implementation of cloud-based services is one of the significant factors driving the growth of the access control as a service market during the forecast period worldwide. Cloud-based services offer information technology (IT) as a facility around the internet or a dedicated network. For instance; In 2018, roughly 3.6 billion internet customers are predicted to access cloud computing facilities, up from 2.4 billion users. These cloud-based solutions manage access remotely & backup and store data safely. Consequently, as the adoption of cloud-based solutions increases, the demand for access control as a service eventually rises.
In addition, rising adoption of BYOD among the consumers is another factor supplementing the growth of the global access control as a service market. For instance; according to the survey, about 67% of employees consume personal devices at work. Also, in the U.S., approximately 69% of IT decision-makers believe BYOD is a good thing. Moreover, about 59% of corporations implement BYOD. Owing to various benefits of BYOD such as greater flexibility, high efficiency, and productivity, the adoption of BYOD is increasing worldwide. The high adoption of BYOD resulting in the growing demand for access control as a service all over the world.
However, a broad range of cloud services proposed by numerous vendors at lower prices and sometimes as bundled facilities for free may hamper the growth of access control as a service market. Despite this, the growing focus on cloud solutions, cloud-based data protection solutions, and maintenance providers are anticipated to offer immense growth opportunities of access control as a service market.
Geographically, North America is expected to capture the largest market share of the global access control as a service market during the forecast period owing to the high adoption of cloud-based platforms and rising penetration of BYOD in this region. In addition, growing strategic acquisitions and agreements in the region is also fostering the growth of access control as a service market over the forecast period in this region. With the enormous benefits of access control as a service, the investment in access control as a service is widely increasing among the various key players.
For instance; in July 2018, a top Cloud Access Security Broker, Bitglass signed a collaboration with Okta, an identity supplier, to bring threat protection and real-time data security to firms shifting to the cloud. Additionally, American Alarm and Communications declared the acquisition of Phoenix Security Systems Inc. of Wilmington, MA, which offered safety, fire alarm, access control, video surveillance systems, and facilities for more than 800 businesses and homes, mainly in south shore areas of Massachusetts and the metropolitan Boston in May 2021. Europe is expected to witness a significant growth in the global the access control as a service market due to the growing demand for access control as a service solution in the region.
The Middle East and Africa
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 1023.6 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 5075.6 Million
|Tables, Charts & Figures:
|Cisco Corporation, Protection1 Security Solutions, Johnson Controls (Tyco), Brivo Inc., Stanley Access Technologies, Centrify Corporation, Ping Identity Corporation and Gemalto NV and others.
|By Services, By Deployment, By End-use Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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