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The Access Control as a Service (ACaaS) Market size is estimated to grow at a CAGR of 22.39% between 2022 and 2027. The market size is forecast to increase by USD 4,473.02 million. The growth of the market depends on several factors, including growing awareness about sophisticated data security threats, increased adoption and implementation of the mobility phenomenon and bring-your-own-device (BYOD), and the penetration of the Internet and wireless network infrastructure.
This access control as a service market report extensively covers market segmentation by end-user (government, healthcare, transportation, retail, and others), type (managed service and hosted service), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increased adoption and implementation of the mobility phenomenon and bring-your-own-device (BYOD) is notably driving the market growth, although factors such as the lack of technological awareness may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increased adoption and implementation of the mobility phenomenon and bring-your-own-device (BYOD) is notably driving the access control as a service (ACaaS) market growth. As employees increasingly bring their own devices into the workplace, the need for secure and seamless access to corporate resources is more important than ever. Access control as a service provides organizations with a cost-effective and flexible solution for managing access control and security across multiple devices and locations. Access control as a service enables organizations to centralize access control management and manage access policies, privileges, and user identities simply and efficiently.
Additionally, access control as a service provides real-time monitoring and reporting capabilities that enable organizations to quickly identify and respond to security threats. This is especially important for organizations with remote and mobile workers where traditional access control systems may not provide the required level of security. Overall, the increasing adoption of mobility and BYOD policies is increasing the need for secure and flexible access control solutions, which is expected to drive the growth of the ACaaS market during the forecast period.
The proliferation of cloud systems is the major trend in the access control as a service (ACaaS) market. The prevalence of the cloud phenomenon is a key trend impacting the adoption and proliferation of access control as a service solution across all industries. Innovations in cloud security are making cloud deployment models more secure, reliable, and agile. It is also highly cost-effective, facilitating the adoption of this technology by SMEs in emerging markets. Midsize businesses tend to be more price sensitive and rely more on the cloud model.
Innovations in data security are expected to eventually lead to increased adoption of cloud solutions by large enterprises. The cloud model is an attractive proposition for its cost efficiency, advanced information management capabilities, and flexibility. While most organizations are expected to continue leveraging on-premises models for their critical data, hybrid, and cloud-native adoption is likely to increase during the forecast period. Access Control as a Service Suite can be easily integrated into different platforms and systems in different geographies, whether on-premises, in the cloud, or in hybrid deployment models. Given the constant demand for simple and intuitive user interfaces (UIs) and the need for reduced execution times and increased efficiency, cloud models are expected to gain traction during the forecast period. All these factors will positively influence the growth of the global ACaaS market.
The lack of technological awareness may impede the access control as a service (ACaaS) market growth. Access control-as-a-service adoption rates were initially low worldwide, owing to a lack of industry and organizational awareness of advanced systems. This comprehensive deployment was more common in emerging markets. However, the global access control as a service market scenario is expected to change for the better with increasing technological maturity during the forecast period.
A common misconception is the cost of implementing and maintaining a dedicated risk management system. Most organizations may view this as an undesirable additional cost burden due to the limited functional use cases within their organizational structure. Additionally, many organizations grossly underestimate the potential threats in today's heightened cyber risk environment. Implementing and deploying access control as a service has costs associated with operations and management. Access control as a service requires a steep learning curve, which can lead to higher costs and less attractiveness of the overall solution. A lack of awareness of this technology is expected to hamper the implementation of this solution and the growth of the global ACaaS market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Access Control as a Service Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASSA ABLOY AB: The company offers access control as a service solutions such as protect small and large organizations with devices for any type of door, as well as non door openings such as cupboards, gates, elevators, and more.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the government segment will be significant during the forecast period. Government agencies require access control systems to protect their facilities and control access to sensitive information. Government agencies such as defense, intelligence, and law enforcement often require high levels of security measures to protect sensitive information, and access control as a service is a cost-effective solution for these organizations.
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The government segment showed a gradual increase in the market share of USD 362.97 million in 2017 and continued to grow until 2021. Additionally, access control as a service can be used in public sector buildings such as courts, municipal buildings, and other government agencies to regulate access to specific areas. This helps prevent unauthorized access, protect sensitive data, and improve your overall security posture. Overall, the need for enhanced security measures and access control in public sector buildings and government agencies has made the government segment a significant end-user of access control as a service market.
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North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America has become the dominant region, mainly due to the early adoption of technology. In addition, it is a world leader in terms of rapid growth and the use of advanced technology. The region is technologically mature and has a fully developed industrial sector. The rapid adoption of this technology and the general maturity of various industries has increased its use cases in the access control as a service market.
Strong presence and penetration of top vendors such as IBM, Microsoft and Oracle, as well as stringent compliance standards contribute to the growth of the overall market. Market growth is expected to eventually plateau as the market approaches saturation. However, North America is likely to remain one of the major revenue contributors in the access control-as-a-service market during the forecast period. Moreover, developed countries such as the US and Canada are expected to further drive the growth of the access control as a service market in North America.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 in 2020 fueled the growth of the access control-as-a-service market in North America. The pandemic led to an economic downturn in the region, adversely affecting several sectors such as information technology. However, the impact of COVID-19 on the access control as a service market is minor due to the increasing acceptance of online and digital platforms and changing working environment. Demand for cloud-based storage solutions is increasing as the acceptance of online working models increases. In addition, the emergence of a new business environment due to the prevalence of a work-from-home culture is driving the adoption and digitization of cloud services, thereby driving the growth of access control as a service market in North America.
The access control as a service market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes global access control as a service market as a part of the global IT consulting and other services market within the global IT services market. The super parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The global IT consulting and other services market cover companies providing information technology consulting and management services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Access Control as a Service Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.39% |
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Market growth 2023-2027 |
USD 4,473.02 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
22.06 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 31% |
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Key countries |
US, Canada, China, Germany, and Italy |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ASSA ABLOY AB, Brivo Inc., Broadcom Inc., Centrify Corp., Cisco Systems Inc., Cloudastructure Inc., Datawatch Systems Inc., Dormakaba Holding AG, Feenics Inc., Honeywell International Inc., International Business Machines Corp., M3T Corp., Microsoft Corp., Motorola Solutions Inc., Okta Inc., Oracle Corp., Ping Identity Corp., SecureAuth Corp., Thales Group, and Vector Security Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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