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

  • ID: 3633910
  • Report
  • May 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Brivo Inc.
  • Datawatch Systems Inc.
  • Feenics
  • Gemalto N.V
  • Kastle Systems
  • Microsoft Corp.

Global Access Control as a Service (ACaaS) Market to Reach US$3.6 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Access Control as a Service (ACaaS) estimated at US$789.6 Million in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 24.2% over the period 2020-2027.Managed, one of the segments analyzed in the report, is projected to grow at a 20.7% CAGR to reach US$1.6 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 segment is readjusted to a revised 27.5% CAGR for the next 7-year period. This segment currently accounts for a 46.9% share of the global Access Control as a Service (ACaaS) market.

The U.S. Accounts for Over 49.3% of Global Market Size in 2020, While China is Forecast to Grow at a 32.2% CAGR for the Period of 2020-2027


The Access Control as a Service (ACaaS) market in the U.S. is estimated at US$388.9 Million in the year 2020. The country currently accounts for a 49.26% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$429 Million in the year 2027 trailing a CAGR of 32.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.1% and 21.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR while Rest of European market (as defined in the study) will reach US$429 Million by the year 2027.

Select Competitors (Total 98 Featured) -

  • 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Brivo Inc.
  • Datawatch Systems Inc.
  • Feenics
  • Gemalto N.V
  • Kastle Systems
  • Microsoft Corp.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Omnipresence of Crime Provides the Cornerstone for Growth in the ACaaS Market
  • EXHIBIT 1: Countries With Poor Safety Scores Present Untapped Opportunities for ACaaS: Global Crime Index by Country for the Year 2021
  • Focus on Building Resilient Facility Management Security Bodes Well
  • Benefits of Digital Management of Physical Access Processes
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • EXHIBIT 2: How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • As India Burns Amid a Lethal Double & Triple Mutation Driven Second Wave, Its Clear That Equity is Not a Part of Global Policy on Tackling COVID
  • EXHIBIT 3: What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
  • EXHIBIT 4: A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • EXHIBIT 5: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • A Retrospective Review of Year 2020 as the Worst Year in Humanity's History that Left the World in Shambles & Industries and Markets Upended
  • Access Control as a Service (ACaaS): Definition, Scope, Importance, Types & Applications
  • Recent Market Activity
  • Innovations
  • World Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Pandemic Induced Rise in Murder & Burglary to Drive Need for Home & Building Access Control Solutions in the Post COVID-19 Era
  • Internal Employee Theft, Shop Lifting & Commercial Theft Spurs Demand for Access Control in Commercial Facilities
  • Rise in Number of Smart Homes Bodes Well for Growth of ACaaS
  • EXHIBIT 6: Growing Number of Smart Homes Drives Adoption & Deployment of Access Control Systems & Services: Global Number of Smart Homes (In Million) for the Years 2018, 2020, 2022, 2024 and 2026
  • Growing Adoption of Card-Based EACS to Restrict Unauthorized Entry & Access Bodes Well for Adoption of ACaaS
  • Growing Investments in the Establishment of Critical Infrastructure and Intelligent Environments to Benefit Adoption of Access Control Services
  • Trends Towards Outsourcing Preps Opportunity for ACaaS
  • Outsourcing Through Managed Services: The Most Popular Outsourcing Strategy
  • Cloud Hosted Services Takes Over Traditional Hosted Services
  • ACaaS Provides New Revenue Opportunities for All Value Chain Participants
  • Here's Why Multi Factor Authentication Is Growing in Popularity in Access Control
  • Industrial Automation, 4.0 & Smart Factories Double the Focus on Access Control in Industrial & Manufacturing Plants. Here's Why
  • EXHIBIT 7: Growing Spends On Smart Factory Technologies Pushes Up the Urgency to Invest in Physical Access Control Systems & Services: Global Market for Smart Factory (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Stringent Physical Security Regulations Create Favorable Environment for Increased Adoption of Access Control Systems & Services
  • Here's How AI is Revolutionizing Access Control
  • Access Control in Retail Industry Rises in Importance
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 98

Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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
Note: Product cover images may vary from those shown
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