Access Control Reader Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, India - Size and Forecast 2024-2028

Access Control Reader Market Size 2024-2028

The access control reader market size is estimated to grow by USD 884.3 million at a CAGR of 6.78% between 2023 and 2028. In today's digital age, businesses face escalating threats from cyberattacks, malware infections, and other forms of fraud. The increasing adoption and implementation of mobility and Bring Your Own Device (BYOD) policies have expanded the attack surface, making it essential for organizations to strengthen their security posture. Additionally, the widespread penetration of the Internet and wireless network infrastructure has created new vulnerabilities that must be addressed. To mitigate these risks, businesses require advanced security solutions that can protect their networks, devices, and data from both known and unknown threats. Access control readers enable technologies like proximity cards, smart cards, and contactless mobile credentials to provide verified employees access to several buildings. One can manage the staff members who have access to a facility by using this access control system. The growth of the market depends on several factors, including rising cyberattacks, malware infections, and other frauds, increased adoption and implementation of the mobility phenomenon and BYOD, and penetration of the Internet and wireless network infrastructure.

What will be the size of the Market During the Forecast Period?

To learn more about this report, Download Report Sample

Market Dynamics

The market is a significant segment of the security industry, focusing on providing secure and efficient solutions for controlling access to premises, particularly in high-traffic areas. Key players in this market include providers of Key card readers, Keypad readers, Two-factor authentication readers, and Biometric fingerprint readers. These readers offer various authentication methods, such as PIN codes, Two-factor authentication systems, and Biometrics, including fingerprint readers. Access control systems employing these readers ensure secure entry to doorways, with options for microprocessor-based, aerial, or cloud-based platforms. Site audits and no-obligation quotes are available for businesses seeking to implement these systems. Access control cards, key-fobs, and mobile phone credentials are common credential types used with these readers. Ingress Protection ratings ensure the readers' durability and resistance to environmental hazards.

Key Market Driver

The rising cyberattacks, malware infections, and other frauds are notably driving market growth. The need for connected systems has increased, as a result of an increase in fraud and theft, particularly in data centers, enterprises, banks, financial institutions, retail stores, malls, hotels, and entertainment studios. The demand for wired access control systems for remote-accessible houses is rising as smart home technologies become more widespread. The need to enhance protection while reducing costs has become increasingly important across a variety of industries as the complexity and sophistication of fraud, cyberattacks, and government identification requirements develop.

Additionally, it is anticipated that the preference for wireless and IoT-based security systems in various applications, rising demand for an interconnected system, and quick urbanization will increase the demand for contactless interfaces and enhanced authentication, which, in turn, will drive the growth of the market during the forecast period.

Significant Market Trends

Growing innovations and implementations in the market will drive the growth. The market is witnessing innovations and advancements as businesses are increasingly implementing multifactor identification. It is a security mechanism requiring the user to submit two kinds of identity to get access, such as entering a PIN and swiping a card.

While many access control systems only require one type of authentication, multifactor identification requires the user to provide two forms of identification. To guarantee the security of both physical and digital credentials, a variety of factors must be combined. This will drive the growth of the market trends during the forecast period.

Major Market Challenge

One of the key challenges the market is anticipated to face during the forecast period is interoperability. The system requires the manufacturers in the market to be able to communicate with one another and the access control systems to which they are connected. It is challenging for various systems to work together due to a lack of industry standards. This causes compatibility problems and makes it challenging for customers to combine goods from various manufacturers.

To solve this problem, industry organizations are attempting to develop standards and protocols that will ensure interoperability. Access control systems will become more functional and secure overall as a result, and customers will be able to choose the finest products for their requirements, regardless of the manufacturer. Interoperability is therefore anticipated to restrain market expansion during the forecasted period.

Key Customer Landscape

The market growth analysis 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 market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Access Control Reader Market Companies?

Companies 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.

Nice SpA - The company offers access control reader products such as BT135-W, BT125-W, and NBT125-W as its key offerings. 

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:

• Axis Communications AB
• Bell System Telephones Ltd.
• Brivo Inc.
• Genetec Inc.
• HID Global Corp.
• Honeywell International Inc.
• Johnson Controls International Plc.
• Remsdaq Ltd.
• Salto Systems SL
• Samsung Electronics Co. Ltd.
• sesamsec GmbH
• Third Millennium Systems Ltd.
• Vanderbilt International GmbH
• WaveLynx Technologies Corp.
• ZKTeco USA

Qualitative and quantitative analysis of Companies 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 Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The market share growth of the card-based readers' segment will be significant during the market forecasting period. Card-based reader technology is gaining traction due to its simplicity of use and affordability when compared to other technologies. The technology is extensively utilized in various end-use industries, including transportation, government, and commercial. The market is further expanding as a result of the rising demand for access control systems and the requirement to improve the management of people's entry and exit from these industries.

Get a glance at the market contribution of various segments Request a PDF Sample

The card based readers' segment was valued at USD 1.87 billion in 2018. Cloud-based access control systems help in remotely monitoring and managing exit and entry points, thereby securing the overall establishment. Card-based reader technology, due to its simplicity of use and affordability, will continue to dominate the market. 

Regional Analysis

For more insights on the market share of various regions Request PDF Sample now!

APAC is estimated to contribute 35% to the growth of the global market during the market forecast period. Another region offering significant growth opportunities to Companies is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is an early adopter of technologies and leads the world in terms of fast growth and the consumption of advanced technologies. The region has a completely developed industrial framework and is technologically stable. The rapid rate of technology acceptance and overall maturity of various industries has led to an increase in the demand for access control readers. The strong presence and penetration of top Companies, along with stringent compliance standards, contribute to the overall market growth. In addition, advanced economies, such as the US and Canada, are expected to continue to drive market growth in the region.

Segment Overview

The market report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Type Outlook
  • Card-based readers
  • Biometric readers
  • Keypad readers
  • Multi-technology readers

• End-user Outlook
  • Commercial
  • Government
  • Residential

• Region Outlook
  • APAC
    • China
    • India
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

You may also be interested in:

• Biometric Access Control Systems Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Germany, Italy - Size and Forecast 
• Network Access Control (NAC) Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, UK, Japan - Size and Forecast
• Automated Barriers and Bollards Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, Italy, UK, Germany, China - Size and Forecast 

Market Analyst Overview

Access control systems have evolved significantly with a diverse range of access control readers tailored to different security needs. From magnetic strip key card readers to proximity card readers and RFID signal technologies, these systems facilitate seamless entry management. Wireless key card readers powered by batteries offer flexibility alongside wired key card readers integrated into a central hub for comprehensive control. Security features like door locks and personal codes ensure robust protection, supported by companies like Safe and Sound Security offering site audits and no-obligation quotes. Various credentials such as access control cards, key-fobs, and mobile phone credentials leverage microprocessor and EntroPad technologies, managed through cloud-based platforms like EntroPass with Advanced Encryption Standard for secure data transmission. LED colors indicate access status, enhancing user experience. Systems employ firmware updates and radio-frequency identification for efficient credential management catering to visitors and temporary contractors. Technologies include biometric fingertip readers, keypad and PIN readers, and advanced multifactor authentication methods like iris and facial recognition, complemented by video key card readers for enhanced security monitoring.

Moreover, access control systems encompass a variety of access control readers designed to secure physical spaces efficiently. These systems can be battery powered for flexibility and ease of installation, utilizing personal codes or biometric fingertip readers for authentication. Companies offering security services often conduct site audits and provide no-obligation quotes to tailor solutions to specific needs. Access is granted through doorways using access control cards, key-fobs, pin-codes, or mobile phone credentials, managed via a cloud-based platform for centralized control and monitoring. Electronic locks integrated into wired or wireless access control systems ensure robust protection, supported by proximity card reader systems for proximity-based authentication. Advanced features like iris recognition enhance security measures within the security system, ensuring authorized access and monitoring. These technologies collectively contribute to a comprehensive security system that safeguards premises effectively while offering convenient and secure access management solutions.

Request PDF sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about Companies
• Comprehensive analysis of factors that will challenge the growth of market Companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch