The Global Market for Access Control as a Service (ACaaS) is Forecast to Reach US$2.8 Billion by 2024
Omnipresence of Crime Both
Physical & Virtual Provides the Cornerstone for Growth in the Global 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 forecast to reach US$2.8 billion by 2024, driven by rising crime rates all over the world;
government security and safety mandates and the ensuing compliance burden; and
the growing attractiveness of outsourcing access control functions.
Crime has and will continue to be an
integral part of human societies and communities with the causes for the same
being as diverse as poor parenting and instillation of moral values;
unwillingness of immigrants to conform to local societal norms; rising
incidence of psychological diseases that lead to anti-social behavior;
haphazard urbanization, growing wealth gap, increase in poverty and structural
flaws in the economy and society that create fractures in ideologies and
psychology. The rise of terrorism worldwide has made crime even more ubiquitous
and worrisome. The rise of cybercrime is supported by the rapid proliferation
of Internet and broadband technologies; digitalization of business processes;
rise in workforce mobility, developments in corporate LANs and WLANs; rise of
the cloud computing and increased migration of myriad business operations to
the cloud; rise of BYOD; increased investments in connected enterprise;
deployment of Internet of Things (IoT) technologies; among numerous others. The
scenario provides the perfect platform for the evolution, growth and
proliferation of anti-crime technologies like video surveillance, electronic
access control systems, security alarms, perimeter access control systems,
visitor monitoring systems, door locks, other entrance controls and related
services.
Outsourcing access control functions has and will continue to gain momentum and popularity
for much the same reasons as to why outsourcing is growing in prominence in
other areas of business processes and manufacturing. Few of the major benefits
of outsourcing driving its popularity and indispensability as an astute
business strategy include cost advantages; increased efficiency and
productivity; ability to focus on core areas by channelizing resources to more
important areas; eliminates investments in infrastructure and technology;
access to skilled resources without the burden of maintaining in-house experts;
24/7 or round-the-clock business operations and service delivery; faster and
better services; risk-sharing as it allows shifting of responsibilities to the
outsourced service providers; reduced operational and overhead costs; increased
savings and ROI; agility in flexible staffing, manpower management; simplified
process management and work relationships; and finally greater competitive
advantage enabled by better use of internal resources. The complexity of access
control tends to increase with the size of the organization and the number of
employees and visitors and computer networks to be monitored. The business case
for outsourcing these functions to a well-qualified expert external service
provider is therefore strong and compelling. The coming years are forecast to
witness stable growth of outsourced access control services as growing number
of companies seek to reduce their burden of security functions and compliance.
Managed, hosted and cloud access control services are poised to witness stable
gains, with cloud based services expected to experience the maximum gains and
mileage in growth.
As stated by the new market research
report on Access Control as a Service (ACaaS) the United States represents the largest market
worldwide supported by well-developed and continuously growing e-infrastructure
comprising high-bandwidth internet; IoT networks; computer LAN and WLAN
networks; grid based resource sharing; data storage; and cloud computing, among
others. Asia-Pacific ranks as the fastest growing market with a CAGR of 28.8% over
the analysis period led by healthy economic growth, rise in crime and the
ensuing increased focus on building security and physical access control system;
robust development of the internet infrastructure in terms of broadband speeds
and capacity; rapid adoption of cloud computing services in the enterprise
sector; increased worker mobility deployments in the enterprise sector and the
resulting focus on enterprise network security and logical access control.
Major players in the market include 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 Corporation, Johnson
Controls Inc., Kastle Systems, Kisi Inc., M3T Corporation, Microsoft
Corporation, Oracle Corporation, Spica International d.o.o., Symantec
Corporation and Vanderbilt Industries GmbH 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 USA, Canada, Japan, Europe (France, Germany,
Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of
Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of
Latin America). The report also provides market estimates and projections for service
type such as Managed Service and Hosted Service for the global market.
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enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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