According to Market Research Future (MRFR), The global Access Control As A Service Market had a valuation of USD 764.8 million in 2017 and is expected to reach USD 1,953.1 million with a staggering CAGR of 17.18% from 2017 to 2023 (forecast period). The report provides a complete and accurate review of the effects of the Covid-19 pandemic on the global access control as a service market.
Access control systems are used to control and administer all
operations (including identification, authentication, and authorization of
users) at the premises of any facility. These systems are effective in vertical
industries such as BFSI, government, education, healthcare, retail, energy
& utilities, and transport, among others. However, this process of
monitoring and overseeing all operations around the premises results in
increased costs being incurred by companies. This encouraged service providers
to develop cloud-based access control solutions for both commercial and
industrial purposes.
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Access control as a service is a cloud-based solution that is
deployed to authenticate and thus allow users to improve the physical security
of the facility, as well as to optimize business processes and end-user
experience across the network. This allows users to gain access to web
applications and services from anywhere. For example, PopSockets LLC has
deployed the Pure IP access control system of ISONAS across its Colorado
premises to limit employees' access. The Pure Access Cloud of ISONAS is a
cloud-based software that can be conveniently deployed around the facility.
This provided PopSockets with greater scalability, reduced infrastructure
costs, and operating costs.
Market Dynamics
With the advent of bring your own device (BYOD) in IT
companies, security issues have been linked to the growth of access control as
a service market. In addition, the growing usage of cloud computing platforms,
along with the adoption of IoT, is accelerating market growth. On the other
hand, the lack of knowledge among system integrators hinders the growth of the
market. Furthermore, the implementation of access control as a service from
third-party providers can result in vulnerabilities and data breaches.
Market Segmentation
The global market for access control as a service has been
segmented into service, deployment, and end-user.
By service, the global market for access control as a service
has been segmented into managed services, hybrid services, hosted services, and
other services.
By deployment, the global market for access control as a
service has been segmented into public cloud, private cloud, and hybrid cloud.
By the end-user, the global market for access control as a
service has been segmented into BFSI, government, education, transportation,
healthcare, retail, energy & utilities, and others.
Regional Analysis
By region, the global Access
Control as a Service Market Analysis has been segmented into
North America, Asia Pacific, Europe, and the rest of the world.
North America dominates the ACaaS market due to increasing
concerns about the security of companies. Throughout the North American region,
most of the market is dominated by countries like the US and Canada due to
continuous developments throughout cloud-based technology.
The Asia Pacific region is estimated to be the fastest-growing
area in the ACaaS market due to significant investment by foreign IT companies
in the region. Countries like India, Indonesia, and the Philippines are a major
investment hub due to low infrastructure costs and flexible government
regulations. Nonetheless, there is a lack of infrastructure provided by these
countries to promote adequate security and data protection solutions. This
reinforces the need for access control as a service in the Asia Pacific region.
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