Access Control as a Service (ACaaS) - Global Market Trajectory & Analytics

Global Access Control as a Service (ACaaS) Market to Reach $3 Billion by 2027

Amid the COVID-19 crisis, the global market for Access Control as a Service (ACaaS) estimated at US$842.3 Million in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 19.8% over the period 2020-2027. Managed Service, one of the segments analyzed in the report, is projected to record 15.2% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hosted Service segment is readjusted to a revised 24.1% CAGR for the next 7-year period.

The U. S. Market is Estimated at $227.5 Million, While China is Forecast to Grow at 24.4% CAGR

The Access Control as a Service (ACaaS) market in the U. S. is estimated at US$227.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$675.6 Million by the year 2027 trailing a CAGR of 24.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.9% and 17.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR. We bring years of research experience to this 19th edition of our report. The 151-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Brivo Inc.
• Centrify Corporation
• Cloudastructure Inc.
• Datawatch Systems Inc.
• Digital Hands
• dormakaba Group
• Feenics
• Fleming Companies
• Forcefield Systems Inc.
• Gemalto N. V
• Honeywell International, Inc.
• IBM Corp.
• Johnson Controls Inc.
• Kastle Systems
• Kisi Inc.
• M3T Corporation
• Microsoft Corp.
• Oracle Corporation
• Spica International d. o. o.
• Symantec Corporation
• Vanderbilt Industries GmbH