Market Highlights:
The global access control as a service (ACaaS) market demand is growing due to the increasing adoption of software as a service (SaaS) and the growing need for security and end-user experience is a major driver of the market. According to a recent study report published by the Market Research Future, The global market of Access Control as a Service (ACaaS) is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017-2023.
Access control service, is a cloud-based service providing authenticating and authorizing users to gain access to web applications and services facilitating application development, authorization claims, and lower number of authentication. The global access control as a service (ACaaS) market is anticipated to grow at a CAGR of 17 % during the forecast period of ending 2022.
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Major Key Players
Microsoft Corporation (U.S.),
Datawatch Systems Inc. (U.S.),
AIT Ltd. (U.K.),
Cisco Systems Inc. (U.S.),
Cloudastructure Inc. (U.S.),
Jhonson controls Inc.. (U.S.),
M3T Corporation (U.S.),
Centrify Corporation (U.S.), IBM Corporation (U.S.) and Symantec Corporation (U.S.) among others.
The global Access Control As A Service Market is expected to grow from USD ~0.50 Billion in 2016 to USD ~1 Billion by 2022, at an estimated CAGR of 17%.
Industry News:
May, 2018 – ERP Maestro, the provider of the leading cloud-based access control, security auditing, and risk reporting solution for SAP systems, expanded their automated access control and security auditing solutions and leverages the platform’s distinctive cloud integration capabilities into new markets.
May, 2018 – Openpath, a company on a mission to improve workplace efficiency, launched a reinvent access control to bring smart security solutions to the smart offices. This enables employees to quickly and securely enter the office using their smartphones. The Internet of Things has completely revolutionized the smart security solution, and shifted towards access control industry.
Regional Analysis
North America is dominating the global Access Control as a Service (ACaaS) market with the largest market share due to growing adoption by suppliers, end users, and monitoring organizations in the region. The growth in North America also be attributed to unified pricing offered by dealers of ACaaS. Global Access Control as a Service (ACaaS) market in European market is expected to grow at a substantial high CAGR during 2017 to 2023. The Asia Pacific market for Access Control as a Service (ACaaS) market is expected to grow at a considerable CAGR (2017-2023). Increasing smartphone uses in small & medium size industries especially in Japan, Singapore and India thereby increases demand for access control system in the region.
Segmentation
The Access Control as a Service (ACaaS) market can be segmented in to 7 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Service: Managed, Hosted & Hybrid Services.
Segmentation By Deployment : On-Cloud And On-Premise.
Segmentation By Devices: Biometric, Smart Card Access And Identity Management Solution Among Others
Segmentation By Application: Network Access Control And Data Access Control
Segmentation By Type : Discretionary And Non-Discretionary
Segmentation By Verticals: Social Media, Manufacturing, Utilities, Government Bodies, Commercial And Cooling & Lighting Among Others
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Intended Audience
- Biometric device manufacturer
- System integrator
- Consultancy firms
- Government institutions.
- Security equipment manufacturer
- Middleware provider
- OEM
- Access control systems service providers
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