The global access control as a service market was valued at USD 0.9 billion in 2021 and is projected to reach USD 2.2 billion by 2027, registering a CAGR of 16.4% during the forecast period. The rise in demand for ACaaS is also attributed it increase in adoption of ACaaS from businesses at multiple locations for centralized operations.
Johnson Controls; Honeywell Security; Thales; ASSA Abloy AB; dormakaba Holding AG; Identiv, Inc.; Kastle Systems; AMAG Technology, Inc.; Brivo Inc.; Cloudastructure Inc.; STANLEY Security (Securitas Technology); Datawatch Systems; Telcred AB; Forcefield Systems; Vanderbilt Industries; Kisi Inc.; Feenics Inc.; Servsys, Inc.; Spectra Technovision (India) Pvt. Ltd.; M3T Corporation; Vector Security; Centrify Corporation; Gallagher Security Ltd; DSX Access Systems, Inc.; and ZKTeco Co., Limited. are some of the key players in the access control as a service market. To retain their presence in the access control as a service market, these players have adopted growth strategies. Partnership and acquisitions have been the most dominating strategy adopted by the key players from 2020 to 2022 to help them broaden their customer base.
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Johnson Controls is a worldwide leader in the engineering, manufacturing, and commissioning of building goods and systems such as residential and commercial heating, ventilation, and air conditioning (HVAC) equipment, industrial refrigeration systems, controls, security systems, and fire detection and suppression solutions. Customers are also offered the company's technical services, which include equipment maintenance, management, repair, retrofit, and replacement (in the HVAC, industrial refrigeration, security, and fire-protection space), energy-management consulting, and data-driven smart building services and solutions powered by its OpenBlue software platform and capabilities. The diversified products of the company are sold under the YORK, Hitachi Air Conditioning, Metasys, Ansul, Ruskin, Titus, Frick, PENN, Sabroe, Silent-Aire, Simplex, and Grinnell brands.
Honeywell International Inc.
Honeywell International Inc. is a leading software company committed to introducing state-of-the-art technology solutions to improve efficiency, productivity, sustainability, and safety in high-growth businesses in broad-based, attractive industrial end markets. They commercialize technologies that address some of the most critical challenges around energy, safety, security, air travel, productivity, and global urbanization. The company offers diversified technologies, they blend physical products with software to serve customers worldwide with aerospace products and services, energy-efficient products and solutions for businesses, process technology for refining petrochemicals, and safety and security technology for buildings and industries.
Thales is a global leader in advanced technologies, investing in digital innovation of connectivity, big data, artificial intelligence, cybersecurity, and quantum technologies. The company designs and builds electrical systems and provides services for the aerospace, defense, transportation, and security markets, with its presence across the Americas, APAC, the Middle East, and Europe. The company operates through four different segments: Aerospace, Defense & Security, Digital Identity & Security, and Other. The company sells its access control as a service under the Digital Identity & Security segment which includes Digital Identity & Security (DIS) solutions to verify the identities of people and objects, authorize access to digital services, analyze vast quantities of data, and encrypt the data. The segment offers cloud protection and software licenses, such as access management, data encryption, and software license distribution solutions.
ASSA Abloy AB
Assa Abloy AB manufactures and sells door-opening solutions, such as access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, hotel security, and mobile access systems. It has a presence in 70 countries across Europe, North and South America, and Asia and Oceania. The company classifies its business operations into three regional divisions – EMEA, the Americas, and APAC, and two global divisions – Global Technologies and Entrance Systems. These global divisions manufacture and sell access control solutions and identification and entrance automation products in the global market. The Global Technologies division offers access control systems, secure card issuance solutions, identification technology, and hotel locks. The Entrance Systems division is a global supplier of entrance automation products and services.
dormakaba Holding AG
dormakaba Holding AG is a global security formed through the merger of Kaba Group (Switzerland) and Dorma Group (Germany). The company has a presence in over 50 countries (production sites and distribution and service offices) and has many brands such as Keyscan, Best, Dorma, Dormakaba, and Legic. dormakaba Holding AG has separated the business sectors in which it operates internationally into five categories. Access Solutions (AS) is structured in four segments by region: AS AMER (North and South America), AS APAC (Asia Pacific), AS DACH (Germany, Austria, and Switzerland), and AS EMEA (Europe, Middle East, and Africa). Another global segment is Key & Wall Solutions.
Access Control as a Service Market (ACaaS) by Access Control Models(RBAC, DAC), Service Type (Hosted, Managed, Hybrid), Cloud Deployment (Public Cloud, Private Cloud), Vertical (Commercial, Residential, Government, Retail) Region - Global Forecast to 2027
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