Access Control as a Service Market Overview, Key Players Analysis
Posted by Komal Boudhh on December 7th, 2020
The global access control as a service market is mainly driven by the growing threat of online attacks and the growing ease of using cloud architecture for corporate endeavors, according to the latest research report published by Market Research Future (MRFR). The global access control as a service market is expected to exhibit a strong CAGR of more than 17% over the forecast period from 2018 to 2023, according to the report.
Access control as a service refers to platforms that centrally manage all identification, authentication, and authorization activities in a given business unit. Access control services are traditionally handled inhouse. However, with the growing spread of corporate architectures, the need for automated systems that can handle the needs of a growing organization has grown. With the growing demand for Bring Your Own Device policies and remote working, the risk of online infiltration has also grown. This is likely to drive the demand from the global access control as a service market over the forecast period.
Access control as a service provides significant benefits to end users in terms of cost savings and improved security. The increasing use of cloud architecture in handling access control is also likely to be a major driver for the global access control as a service market over the forecast period, as cloud architecture can easily supply the needs of a growing organization over the long run.
The cost associated with access control as a service can be categorized as per door basis cost and cost related to number of users/credentials who are availing the service. The service provider charge cost on the basis of number of users/ credentials of service when the number of transactions in an organization is very high which leads to increase in implementation cost of access control services. The billing for various projects of access control as a service is customized according to the need of the project undertaken.
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The global access control as a service market is segmented on the basis of service, deployment, end use, and region.
By service, the access control as a service market is segmented into managed services, hosted services, hybrid services, and other services.
By deployment, the market is segmented into public cloud, private cloud, and hybrid cloud.
By end use, the access control as a service market is segmented into BFSI, government, education, healthcare, retail, energy & utilities, transportation, and others.
The global market for access control as a service is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The regional analysis of access control as a service market is studied for North America, Europe, Asia-Pacific, and the rest of the world. Among these regions, North America is dominating the access control as a service market owing to growing concerns regarding the security of enterprises. In the North American region, major part of the market is captured by countries like the US and Canda owing to continous advancement in cloud-based technologies.
On the other hand, the Asia-Pacific region is expected to be the fastest growing region for access control as a service market owing to huge investments in this region by foreign IT companies. Countries including India, Indonesia, and Philippines are a major hub for investments due to low infrastructural costs and flexible government regulations. However, the infrastructure provided by these countries lacks in facilitating appropriate security and data protection solutions. This encourages the need for access control as a service in Asia-Pacific region.
Leading players in the global access control as a service market include dormakaba Holding AG, Ping Identity Corporation, Stanley Access Technologies, Protection1 Security Solutions, Feenics, KISI Inc., ADS Security, M3T Corporation, Vanderbilt Industries, Gemalto NV, AIT Ltd., Centrify Corporation, Datawatch Systems Inc., Symantec Corporation, Cisco Systems Inc., Microsoft Corporation, Honeywell International, Assa Abloy AB, Tyco International PLC, Cloudastructure Inc., and Brivo Inc.
In May 2020, Johnson Controls announced that its access control and event management system is now deployable on infrastructure as a service platforms, adding cloud functionality to the system’s capabilities. Developing cloud compatibility is likely to be a major target for developers in the access control as a service market over the forecast period.
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List of Figures
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY SERVICE (%)
FIGURE 3 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY DEPLOYMENT (%)
FIGURE 4 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY APPLICATIONS (%)
FIGURE 5 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY DEVICES (%)
FIGURE 6 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY TYPE (%)
FIGURE 7 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY VERTICALS (%)
FIGURE 8 GLOBAL ACCESS CONTROL AS A SERVICE (ACAAS) MARKET: BY REGION
FIGURE 9 NORTH AMERICA ACCESS CONTROL AS A SERVICE (ACAAS) MARKET, BY SERVICE (%)
FIGURE 10 NORTH AMERICA ACCESS CONTROL AS A SERVICE (ACAAS) MARKET, BY DEPLOYMENT (%)
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About the AuthorKomal Boudhh
Joined: July 17th, 2020
Articles Posted: 121
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