The Global Market for Access Control as a Service (AcaaS) is Projected to Reach US$628.6 Million by 2020

Logical Security Threats Emerging from Mobility & BYOD Drives the Access Control as a Service (ACaaS) Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Access Control as a Service (AcaaS) market. The global market for Access Control as a Service (AcaaS) is projected to reach US$628.6 million by 2020, driven by the rising wave of enterprise BYOD and the resulting vulnerabilities in logical network access securities.  

Access control is one of the most critical of physical security arrangements for commercial, infrastructure & residential properties besides being a primary logical security practice for safeguarding digital information assets such as computers, servers, smart mobile devices. While rise in terrorism and vandalism is necessitating the need for physical access control, the rise in digital technology use is triggering the need for logical access control for digital infrastructures. The market for AcaaS is benefiting largely from the rise in deployments of electronic access control systems (EACS). The ability of electronic access control in monitoring, screening and managing individuals and restricting unauthorized access to secure location or IT system with minimal staff and high efficiency, is helping expand the installed base of Card-based EACS, Biometric EACS, Audio and Video-Based EACS and Keypad-Based EACS. With in-house management of the growing number of EAC systems becoming a daunting task, there is increased interest in AcaaS to drive value and cost benefits. Defined as an access control provisioning strategy where provisioning and maintenance of remote servers holding key access control data and software, and management of key access control platform functions are delivered under managed, hosted and hybrid service models, ACaaS is growing into a multi-million dollar market.    

The need for companies to focus on their core business activities rather than spend their time and resources on deploying and managing access control processes is driving robust demand for ACaaS. The competitive need to cut expenditure on access control deployments, particularly on expensive server infrastructure required for storage, management and monitoring of access control data and, human resources to manage the same has also been driving strong growth in the ACaaS market. Enterprise adoption of AcaaS is guided by the trend towards BYOD and widespread use of advanced virtualization and cloud computing platforms. Logical AcaaS is therefore forecast to witness strong demand in the coming years. The proliferation of corporate and employee owned mobile devices and growing employee demand for freedom of accessing corporate data on their own devices are leading to the emergence of several security concerns. Despite the widespread adoption of BYOD culture, security strategy for the protection of mobile devices in workplaces remains below par. As a result, mobile security threats at workplaces are rising significantly and spurring demand for data and network access control solutions and services.  

As stated by the new market research report on Access Control as a Service (ACaaS), the United States represents the largest market worldwide accounting for a majority share of global revenue generated in 2015. Asia-Pacific ranks as the fastest growing regional market with a CAGR of 25.3% over the analysis period, led by the development of large technology and industry parks; widespread adoption of cutting-edge ICT technologies in the business sector; development of critical infrastructure such as power, water, health, communications systems, banking and the ensuing need to protect the same; and spurt in residential construction projects, particularly in countries such as India, Australia, Korea, Thailand, Malaysia and Singapore.

Major players covered in the market include Brivo Inc, Centrify Corporation, Cisco Systems, Inc, Cloudastructure Inc, Datawatch Systems Inc, Digital Hands, Forcefield Systems Inc, Gemalto N.V, IBM Corporation, Kastle Systems, Keyscan Inc, Microsoft Corporation, and Symantec Corporation among others.

The research report titled “Access Control as a Service (ACaaS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia & Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).

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