Global Access Control as a Service (ACaaS) Market Insights Forecasts to 2032

• The Global Access Control as a Service (ACaaS) Market Size was valued at USD 1075.9 Million in 2022.
• The Market is Growing at a CAGR of 14.8% from 2022 to 2032
• The Worldwide Access Control as a Service (ACaaS) Market is expected to reach USD 4310.8 Million by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Access Control as a Service (ACaaS) Market Size is expected to reach USD 4310.8 Million by 2032, at a CAGR of 14.8% during the forecast period 2022 to 2032.

Access Control as a Service (ACaaS) integrates the features of Software as a Service (SaaS) with on-premises access control hardware. Furthermore, these cloud-based solutions autonomously regulate the access and securely backup and preserve data, offering long-term documentation of who accessed controlled regions or systems. ACaaS is a low-cost, scalable solution that is simple to adopt and manage. It provides numerous advantages and capabilities that conventional access control solutions do not and making it the ideal alternative for enterprises of all sizes. Many businesses utilize access control as a service to protect their data centers, computer labs, and storage facilities against criminal activity. Access control as a service is also employed in parking garages, warehouses, educational institutions, and hospitality businesses. A few instances of access control as a service technology include turnstiles, swipe cards, video intercoms, and alarm systems.

The major players in the Global Access Control as a Service (ACaaS) Market include Microsoft Corporation, Cisco Systems, M3T Corporation, Assa Abloy, Cloudastructure Inc., and Brivo Inc. At present, the access control as a service market is being driven by techniques of expansion such as product introduction, acquisition, and partnership. Market competitiveness is primarily determined by long-term competitive advantages based on innovation, market saturation levels, and the successful execution of marketing tactics.

For instance, in April 2022, Johnson Controls announced the acquisition of Security Enhancement Systems LLC (SES), a developer of mobile-based, keyless access control solutions for critical infrastructure, such as telecommunications towers for major providers. SES will complement Johnson Controls' existing portfolio of security and access control technologies, which includes security and access controls, video management, security as a service, IP cameras, door controllers, and card readers.

Driving Factors

The increasing prevalence of connected facilities promotes the acceptance and implementation of access control services, and the increased use of IoT-based security systems in conjunction with cloud computing platforms is one of the drivers driving the development of access control as a service market. The growing use of bring your own device or BYOD, in IT organizations, as well as safety concerns, are some of the primary factors fueling the expansion of the access control as a service market.

Furthermore, there has been an upsurge in the implementation of IoT-based security solutions and cloud computing platforms for data storage. Cloud computing is an important component of IoT since it analyzes data from sensors, improves processing power, connects servers, and provides adequate storage space. Because IoT relies on cloud computing, both computing systems are also vulnerable to security concerns. In addition, as SMEs change their emphasis to cloud solutions, cloud-based data protection solutions and service providers are likely to see huge growth prospects, such as protecting SMEs' data from data theft and risk factors.

Moreover, access control as a service improves end-user confidentiality, reduces the need for sophisticated deployment methods, and gives respondents the option to swap between cloud providers or use many cloud providers at the same time. As the number of enterprises, employees, and devices has grown, many firms have chosen cloud-based access control as a service solution. For many enterprises, the transition from comprehensive security systems to cloud-based ACaaS has proven to be enormously popular.

Restraining Factors        

However, because the information and servers are centralized, any breakdown in the cloud could lead the servers to malfunction and become inaccessible. Furthermore, if internet connectivity is lost in one location, access to the cloud becomes challenging. Furthermore, because access control as a service is entirely cloud-based, it is vulnerable to data breaches and malware attacks. Any security issue, such as a data breach or illegal access to assets, can result in substantial financial and reputational damage.

Market Segmentation

By Service Type Insights

The hybrid segment is dominating the market with the largest revenue share over the forecast period.

On the basis of service type, the global access control as a service (ACaaS) market is segmented into the hosted, managed, and hybrid. Among these, the hybrid segment is dominating the market with the largest revenue share of 46.2% over the forecast period. In this architecture, neither the characteristics nor the roles are directly linked to the permissions. These characteristics are used for identification and flexible role assignment, which assigns roles to users based on the characteristics that are provided by the user. The implementation of a hybrid access controls service to increase threat transparency while responding quickly to attacks is an effective strategy to reduce risks associated with cyber security and assure compliance with the most recent rules and guidelines. 

Furthermore, the hosted segment is expected to grow fastest in the access control as a service market over the research period. Hosted Access Control interfaces between each location and the host server via secure Internet or radio bilateral transmission, rendering software upgrades and IT maintenance redundant. Furthermore, the end-user can choose from a number of organizations that offer cutting-edge services, due to the wide accessibility of hosted access control as a service.

By Deployment Type Insights

The hybrid cloud segment is witnessing significant CAGR growth over the forecast period.

On the basis of deployment type, the global access control as a service (ACaaS) market is segmented into public cloud, private cloud, and hybrid cloud. Among these, capacitive is witnessing significant CAGR growth over the forecast period. This increase can be attributable to the increasing adoption of hybrid cloud platforms, which provide enterprises with benefits such as scalability, adaptability, multi-cloud computing space, and security assurance. Furthermore, as enterprises go toward a hybrid cloud, the confidentiality of data and services becomes a top consideration. As a result, acquiring the correct combination of access control-as-a-service options is critical to ensuring the continuous availability of data that can be integrated across several different systems. Additionally, the hybrid cloud enables enterprises to benefit from public as well as private cloud platforms.

Furthermore, the private cloud category is predicted to develop at the highest growth rate during the period of forecasting. The most prevalent type of cloud-based computing adoption is public clouds. The cloud service provider owns and manages the hardware, software, and other supporting facilities in a publicly accessible cloud. Anyone can use the public cloud for accessing systems and services. As a result, because it is open to everybody, the public cloud may be more vulnerable.

By End-use Industry Insights

The retail segment accounted for the largest revenue share of more than 37.2% over the forecast period.

On the basis of the end-use industry, the global access control as a service (ACaaS) market is segmented into commercial, residential, manufacturing & industrial, government, retail, utilities, and others. Among these, discrete industries are dominating the market with the largest revenue share of 37.2% over the forecast period. It is critical in the retailing industry for maintaining employee security, limit business disruptions, and minimize monetary damages. The overall number of retail outlets and complexes in urban regions has risen dramatically in recent years. Access control as a service offers many long-term advantages, including a decrease in retail losses, an increase in shop earnings, and, most crucially, a reduction in threats, when it comes to meeting security needs.

Regional Insights

North America dominates the market with the largest market share over the forecast period.

North America is dominating the market with more than 48.3% market share over the forecast period. This dominance can be attributed to the existence of major economies such as the United States and Canada, as well as growing economies such as Mexico. In addition, increased end-user adoption of electronic security goods, as well as the accessibility of advanced technology security solutions, are factors driving growth in this region's primary market. Furthermore, significant ACaaS industry providers such as Honeywell International Inc., Identiv, Inc., Kastle Systems, AMAG Technology, Inc., Brivo Inc., and Cloudastructure, Inc. have established a strong presence in the region. Also, the region's access control as a service (ACaaS) market growth can be attributable to rising construction and the need for security products.

Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. Rising efforts by the government to attract foreign direct investment (FDI) in various industrial sectors in India and China are a few of the other third-party variables that are beneficial to companies and have played an important role in boosting the Asia Pacific region's access control as a service market growth.

List of Key Market Players

• Thales
• Microsoft Corporation
• Cisco Systems
• M3T Corporation
• Assa Abloy
• Cloudastructure Inc.
• Brivo Inc.
• Identiv, Inc.
• Honeywell Security
• Gemalto NV
• Bosch Security Systems Inc.
• Datawatch Systems Inc.
• Johnson Controls
• Kisi Inc.
• Dorma+Kaba Holding AG
• AMAG Technology, Inc.
• Centrify Corporation

Key Market Developments

• On July 2022, Thales bought OneWelcome, a cloud-based customer identification, and access management solution provider for highly regulated industries, enabling them to securely connect customers and business partners to their online services. Thales' digital identification and security product range will be expanded as a result of this acquisition.

• On August 2022, ASSA ABLOY has purchased Alcea, a provider of security monitoring software and accompanying access control hardware that offers complete access management solutions in partnership with system partners. The alliance hopes to expand its offering in critical infrastructure while also providing complementary development opportunities.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Access Control as a Service (ACaaS) Market based on the below-mentioned segments:

Access Control as a Service (ACaaS) Market, Service Type Analysis

• Hosted
• Managed
• Hybrid

Access Control as a Service (ACaaS) Market, Deployment Type Analysis

• Public Cloud
• Private Cloud
• Hybrid Cloud

Access Control as a Service (ACaaS) Market, End-use Industry Analysis

• Commercial
• Residential
• Manufacturing & Industrial
• Government
• Retail
• Utilities
• Others

Access Control as a Service (ACaaS) Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa