PUBLISHER: Grand View Research | PRODUCT CODE: 1574852
PUBLISHER: Grand View Research | PRODUCT CODE: 1574852
The global access control market size was valued at USD 10.04 billion in 2023 and is expected to grow at a CAGR of 8.2% from 2024 to 2030. Numerous factors such as growth in urbanization and smart city projects, increasing security concerns, adoption of IoT and cloud-based solutions, and shift to biometric and multi-factor authentication are driving the growth of the access control market. Moreover, compliance requirements are a key factor pushing organizations to adopt modern access control systems. Governments and industry regulations mandate strict access control protocols for securing sensitive information and facilities, in various industries such as healthcare, finance, and government sectors. Thus, driving the growth of the market.
Organizations are increasingly moving towards biometric authentication such as fingerprint, facial recognition, iris scanning and multi-factor authentication (MFA) to strengthen security and reduce the risks associated with traditional access methods such as, passwords or keycards. Moreover, the integration of IoT technology and cloud computing in access control systems allows for real-time monitoring, remote management, and scalability, driving market growth as businesses seek more flexible and secure access solutions.
Rising incidents of data breaches, theft, and unauthorized access to physical and digital spaces are pushing organizations and governments to adopt advanced access control solutions for enhanced security. Moreover, the expansion of commercial, industrial, and residential construction globally is fueling the demand for access control systems to secure facilities. This is particularly strong in developing regions with increasing urbanization and construction activities. Modern access control systems are increasingly integrated with video surveillance, intrusion detection, and fire alarm systems, providing organizations with a more comprehensive and layered approach to security.
Global Access Control Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global access control market report based on the offering, type, end use, and region.