The Access Control And Authentication Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was estimated at USD 12.65 Billion in 2022, registering a CAGR of 12.76% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period 2023 to 2032.
Access Control And Authentication Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Transportation & Logistics, BFSI, Government & Public Sector, Utilities & Energy, IT & Telecom Sector, Industrial, Retail, Healthcare, Educational Institutions, and others during the forecast period. There has been a rise in the demand for safety and security systems all over the globe. Increase in Cybercrimes, identity thefts, and other fraudulent activities have led to the demand for access control and authentication systems. Due to these factors, the access control and authentication market have witnessed growth. These systems monitor people and objects, control their access, and prevent intrusion.
The global access control and authentication market have been segmented on the basis of product type and end-user.
On the basis of product type, the access control and authentication market have been segmented into electronic access control, biometrics, card-based access control, radio frequency identification, automatic number plate recognition, and document reader. Several industries as well as governments of different countries make use of biometrics and card-based access control. Moreover, due to rising vehicle accidents, the automatic number plate recognition is now being widely used.
On the basis of end-user, the access control and authentication market have been divided into transportation & logistics, banking, financial services, and insurance, government & public sector, utilities & energy, IT & telecom sector, industrial, retail, healthcare, educational institutions, and others.
Due to increasing theft during transportation, access control, and authentication systems are being used. The has been an increase in the usage of access control and authentication systems in banking, financial services, and government sectors due to the rising Cybercrimes and identity theft.
Key Factors Impacting Market Growth:
- Rising demand for safety and security systems
- Increasing Cyber-attacks, frauds, and identity theft
- Rising thefts in transportation, trafficking, smuggling, crime, and terrorism
By region, the access control and authentication market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of access control and authentication market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region.
The North America access control and authentication market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.
Companies Covered: Bosch, Panasonic Corporation, 3M Company, Honeywell Group, Axis Communications, Pelco Inc., Cisco, Access Ltd., Suprema Inc., Canon Inc., Genetec Inc.
By Product Type:
- Electronic Access Control
- Card-based Access Control
- Radio Frequency Identification
- Automatic Number Plate Recognition
- Document Reader
By End User:
- Transportation & Logistics
- Government & Public Sector
- Utilities & Energy
- IT & Telecom Sector
- Educational Institutions
- North America
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Reasons to Buy This Report:
- Market size estimation of the global access control and authentication market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country