Smart Access Control Market Size, Trends and Insights By Type (Biometric Readers, Electronic Locks, Software, Others), By Industry Vertical (Residential, Government, Commercial, Industrial, Transport, Healthcare, Military & Defense, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI19793

Published Date: October 2022

Pages: 220+

Category: Sensors & Controls

Report Snapshot

CAGR: 5%
13 B
2021
13.44 B
2022
17 B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Honeywell International Inc.
  • Identiv
  • NEC Corporation
  • Dormakaba Holding AG
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Smart Access Control Market size was estimated at USD 13 Billion in 2021 and is expected to reach USD 13.44 billion in 2022 and is expected to hit around USD 17 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5% from 2022 to 2030.

Smart Access Control Market (By Type)

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Our research report offers a 4.5-degree view of the Smart Access Control market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Smart Access Control market.

  • The security and controls market has changed significantly over the past ten years due to the quick development of cloud computing and access control. Emerging cloud-based technologies offer web- and cloud-based solutions for flexibility, scalability, real-time analytics, quick data access, integration with other systems and software, and sharing of data both internally and outside.
  • Initiatives done by businesses around the world, together with an awareness of cybercrime and data security, have gained ground recently. Businesses are taking precautions to protect corporate data from numerous internal and external dangers. During the forecast period, rising awareness of cybercrimes and data security is anticipated to fuel access control system sales.
  • The digitalization of workloads is also increasing significantly in nations like India, China, the U.S., Germany, France, and Japan, and businesses are implementing advanced Smart access control technology like biometrics and access control systems.
  • Under a strictly regulated technical and legal framework, contactless biometrics was traditionally employed for applications primarily launched by military access control and civil or criminal identification. But today, contactless biometrics are being adopted by all industry sectors, including BFSI, education, healthcare, the military, and defense, among many others.

Most importantly, during the past few years, industrial users have become more accepting and aware of this technology. Mobile biometrics are becoming more widely available in the industrial environment thanks to the increasing ubiquity of biometric authentication employing a variety of distinct identifying techniques. Additionally, businesses are using facial recognition technology to recognize their staff as soon as they enter the organization.

Smart Access Control Market (Industry Vertical)

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Report Scope

The study’s focus is on Smart Access Control market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by type, industry vertical, and geography.

Feature of the Report Details
Market Size in 2021 USD 13 Billion
Projected Market Size in 2030 USD 17 Billion
CAGR Growth Rate 5% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Honeywell International Inc., Identiv, NEC Corporation, Dormakaba Holding AG, Bosch Security and Safety Systems, Johnson Controls, HID Global, Assa Abloy AB, Thales Group, 3M, Spectra Technovision (India) Pvt. Ltd., Intellicon Private, STANLEY Convergent Security Solutions Inc., Secom Co. Ltd., Paxton Access Ltd., Matrix Comsec Pvt. Ltd., BioEnable Technologies Pvt Ltd., ZKTeco India, and Others
Key Segment By Type, Industry Vertical, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights

  • The market for Smart access control is being driven ahead by the growing demand for increased security in various urban and industrial sectors, as well as by the expanding cloud-based and access control trend. The access control industry is driven by the demand for remotely accessible residential connection access controls as well as the rapid expansion of software systems used for management and staff protection. The rise in consumer demand for solutions that would make access control convenient, the adoption of IoT widely, and the popularity of access controls, which offer features like log keeping, personal responsibility, and the security and safety of workplaces, all have a significant impact on the access control market.
  • Additionally, the market for Smart access control is positively impacted by growing consumer awareness of security cameras, greater use of wireless security devices, acceptance of IoT-based security devices with cloud computing platforms, and technological advancements. Additionally, the expansion of smart city initiatives and the adoption of mobile-based access control will offer attractive opportunities for access control industry participants during the projection period.
  • High adoption of Smart access control solutions due to rising crime rates globally, technological advancements and incorporation of wireless technology in security systems, and adoption of IoT-based security systems with cloud computing platforms are the main factors propelling the growth of the global Smart access control market. However, the market’s expansion is constrained by consumer ignorance about cutting-edge security solutions, expensive costs, and the perception of irregularity.

Biometer Reade0072 Segment Led the Smart Access Control Market

  • The non-repudiation, non-transferable, and non-identifiable feature of the biometrics Smart access control approach has led to its widespread adoption. Hence offering a high level of fraud prevention. One of the most often used systems in a range of sectors, including healthcare, financial services, travel, and hospitality, is biometrics. One of the most often used control mechanisms is biometrics, with many people utilizing slight variations on passwords.
  • These biometric scanners have been used by governments of numerous nations for a variety of objectives, such as public identification, law enforcement, border control, employee identification, Smart access control, and attendance. Some large-scale applications of this technology include the US Visitor and Immigration Status Indicator Technology, the UK Iris Recognition Immigration System (IRIS) project, and the Aadhar project in India (VISIT).
  • Additionally, businesses have been utilizing this technology to enhance procedures related to employee identification, physical and logical Smart access control, user authentication, and cloud communication security. Smart wristbands have been used by banks, including Halifax, to identify customers by their heartbeat.

Smart Access Control Market (trends by region)

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Competitive Landscape

With a few worldwide competitors and local players in different countries, the Smart access control market is highly fragmented. To increase their market shares, these businesses compete in a variety of developed and developing markets. However, the local businesses, which frequently provide efficient but less expensive solutions, provide these businesses with fierce competition. As a result, the market has seen a mix of new solutions with improved functionality and reduced pricing.

Our market analysis includes a section specifically devoted to key players operating in the Smart Access Control market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

  • 2021: The busiest airport in Okinawa, Japan’s Naha Airport, will now have an electronic customs procedural system that uses facial recognition, according to a press release from NEC Corporation.
  • 2021: With the introduction of MPA1 and MPA2, Smart access control panels that provide cloud, web-based, or on-premise hosting choices, Honeywell announced the extension of capabilities of its MAXPRO Cloud portfolio.

Key Players:

  • Honeywell International Inc.
  • Identiv
  • NEC Corporation
  • Dormakaba Holding AG
  • Bosch Security and Safety Systems
  • Johnson Controls
  • HID Global
  • Assa Abloy AB
  • Thales Group
  • 3M
  • Spectra Technovision (India) Pvt. Ltd.
  • Intellicon Private
  • STANLEY Convergent Security Solutions Inc.
  • Secom Co. Ltd.
  • Paxton Access Ltd.
  • Matrix Comsec Pvt. Ltd.
  • BioEnable Technologies Pvt Ltd.
  • ZKTeco India

The global Smart Access Control market is segmented as follows:

By Type

  • Biometric Readers
  • Electronic Locks
  • Software
  • Others

By Industry Vertical

  • Residential
  • Government
  • Commercial
  • Industrial
  • Transport
  • Healthcare
  • Military & Defense
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Smart Access Control Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Smart Access Control Market : snapshot
  • Chapter 3. Global Smart Access Control Market – Industry Analysis
    • 3.1 Smart Access Control Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Industry Vertical
  • Chapter 4. Global Smart Access Control Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Smart Access Control Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Smart Access Control Market – Type Analysis
    • 5.1 Global Smart Access Control Market overview: By Type
      • 5.1.1 Global Smart Access Control Market share, By Type, 2021 and 2030
    • 5.2 Biometric Readers
      • 5.2.1 Global Smart Access Control Market by Biometric Readers, 2022 – 2030 (USD Billion)
    • 5.3 Electronic Locks
      • 5.3.1 Global Smart Access Control Market by Electronic Locks, 2022 – 2030 (USD Billion)
    • 5.4 Software
      • 5.4.1 Global Smart Access Control Market by Software, 2022 – 2030 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Smart Access Control Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Smart Access Control Market – Industry Vertical Analysis
    • 6.1 Global Smart Access Control Market overview: By Industry Vertical
      • 6.1.1 Global Smart Access Control Market share, By Industry Vertical, 2021 and 2030
    • 6.2 Residential
      • 6.2.1 Global Smart Access Control Market by Residential, 2022 – 2030 (USD Billion)
    • 6.3 Government
      • 6.3.1 Global Smart Access Control Market by Government, 2022 – 2030 (USD Billion)
    • 6.4 Commercial
      • 6.4.1 Global Smart Access Control Market by Commercial, 2022 – 2030 (USD Billion)
    • 6.5 Industrial
      • 6.5.1 Global Smart Access Control Market by Industrial, 2022 – 2030 (USD Billion)
    • 6.6 Transport
      • 6.6.1 Global Smart Access Control Market by Transport, 2022 – 2030 (USD Billion)
    • 6.7 Healthcare
      • 6.7.1 Global Smart Access Control Market by Healthcare, 2022 – 2030 (USD Billion)
    • 6.8 Military & Defense
      • 6.8.1 Global Smart Access Control Market by Military & Defense, 2022 – 2030 (USD Billion)
    • 6.9 Others
      • 6.9.1 Global Smart Access Control Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Smart Access Control Market – Regional Analysis
    • 7.1 Global Smart Access Control Market Regional Overview
    • 7.2 Global Smart Access Control Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Smart Access Control Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Smart Access Control Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Smart Access Control Market, by Type, 2022 – 2030
      • 7.4.1 North America Smart Access Control Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Smart Access Control Market, by Industry Vertical, 2022 – 2030
      • 7.5.1 North America Smart Access Control Market, by Industry Vertical, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Smart Access Control Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Smart Access Control Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Smart Access Control Market, by Type, 2022 – 2030
      • 7.7.1 Europe Smart Access Control Market, by Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Smart Access Control Market, by Industry Vertical, 2022 – 2030
      • 7.8.1 Europe Smart Access Control Market, by Industry Vertical, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Smart Access Control Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Smart Access Control Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Smart Access Control Market, by Type, 2022 – 2030
      • 7.10.1 Asia Pacific Smart Access Control Market, by Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Smart Access Control Market, by Industry Vertical, 2022 – 2030
      • 7.11.1 Asia Pacific Smart Access Control Market, by Industry Vertical, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Smart Access Control Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Smart Access Control Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Smart Access Control Market, by Type, 2022 – 2030
      • 7.13.1 Latin America Smart Access Control Market, by Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Smart Access Control Market, by Industry Vertical, 2022 – 2030
      • 7.14.1 Latin America Smart Access Control Market, by Industry Vertical, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Smart Access Control Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Smart Access Control Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Smart Access Control Market, by Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Smart Access Control Market, by Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Smart Access Control Market, by Industry Vertical, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Smart Access Control Market, by Industry Vertical, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Honeywell International Inc.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Identiv
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 NEC Corporation
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Dormakaba Holding AG
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Bosch Security and Safety Systems
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Johnson Controls
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 HID Global
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Assa Abloy AB
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Thales Group
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 3M
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Spectra Technovision (India) Pvt. Ltd.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Intellicon Private
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 STANLEY Convergent Security Solutions Inc.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Secom Co. Ltd.
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Paxton Access Ltd.
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Matrix Comsec Pvt. Ltd.
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 BioEnable Technologies Pvt Ltd.
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 ZKTeco India
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Smart Access Control Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Smart Access Control Market attractiveness, By Type
  • 6. Global Smart Access Control Market attractiveness, By Industry Vertical
  • 7. Global Smart Access Control Market share by Type, 2022 and 2030 (USD Billion)
  • 8. Global Smart Access Control Market by Biometric Readers, 2022 – 2030 (USD Billion)
  • 9. Global Smart Access Control Market by Electronic Locks, 2022 – 2030 (USD Billion)
  • 10. Global Smart Access Control Market by Software, 2022 – 2030 (USD Billion)
  • 11. Global Smart Access Control Market by Others, 2022 – 2030 (USD Billion)
  • 12. Global Smart Access Control Market share by Industry Vertical, 2022 and 2030 (USD Billion)
  • 13. Global Smart Access Control Market by Residential, 2022 – 2030 (USD Billion)
  • 14. Global Smart Access Control Market by Government, 2022 – 2030 (USD Billion)
  • 15. Global Smart Access Control Market by Commercial, 2022 – 2030 (USD Billion)
  • 16. Global Smart Access Control Market by Industrial, 2022 – 2030 (USD Billion)
  • 17. Global Smart Access Control Market by Transport, 2022 – 2030 (USD Billion)
  • 18. Global Smart Access Control Market by Healthcare, 2022 – 2030 (USD Billion)
  • 19. Global Smart Access Control Market by Military & Defense, 2022 – 2030 (USD Billion)
  • 20. Global Smart Access Control Market by Others, 2022 – 2030 (USD Billion)
  • 21. Global Smart Access Control Market share, by Region, 2022 and 2030
  • 22. North America Smart Access Control Market, 2022 – 2030 (USD Billion)
  • 23. Europe Smart Access Control Market, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Smart Access Control Market, 2022 – 2030 (USD Billion)
  • 25. Latin America Smart Access Control Market, 2022 – 2030 (USD Billion)
  • 26. The Middle-East and Africa Smart Access Control Market, 2022 – 2030 (USD Billion)
List Of Tables
  • 1. Global Smart Access Control Market: Snapshot
  • 2. Drivers of the Smart Access Control Market: impact analysis
  • 3. North America Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 5. U.S. Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 7. Canada Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. Canada Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 9. Europe Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Europe Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 11. Germany Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Germany Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 13. France Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 14. France Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 15. U.K. Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 17. Italy Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 18. Italy Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 19. Spain Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Spain Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 25. China Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 26. China Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 27. Japan Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Japan Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 29. India Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 30. India Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 31. South Korea Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 37. Latin America Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 39. Brazil Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 41. Mexico Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 49. South Africa Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Smart Access Control Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Smart Access Control Market revenue, By Industry Vertical, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players:

  • Honeywell International Inc.
  • Identiv
  • NEC Corporation
  • Dormakaba Holding AG
  • Bosch Security and Safety Systems
  • Johnson Controls
  • HID Global
  • Assa Abloy AB
  • Thales Group
  • 3M
  • Spectra Technovision (India) Pvt. Ltd.
  • Intellicon Private
  • STANLEY Convergent Security Solutions Inc.
  • Secom Co. Ltd.
  • Paxton Access Ltd.
  • Matrix Comsec Pvt. Ltd.
  • BioEnable Technologies Pvt Ltd.
  • ZKTeco India

FAQs

“North America” region will lead the global Smart Access Control market during the forecast period 2022 to 2030.

The key factors driving the market are quickly installed access control systems in the military and commercial sectors and advancements in cloud services, identity management, and smart home solutions.

The key players operating in the Smart Access Control market are Honeywell International Inc., Identiv, NEC Corporation, Dormakaba Holding AG, Bosch Security and Safety Systems, Johnson Controls, HID Global, Assa Abloy AB, Thales Group, 3M, Spectra Technovision (India) Pvt. Ltd., Intellicon Private, STANLEY Convergent Security Solutions Inc., Secom Co. Ltd., Paxton Access Ltd., Matrix Comsec Pvt. Ltd., BioEnable Technologies Pvt Ltd., ZKTeco India.

The global Smart Access Control market is expanding growth with a CAGR of approximately 5% during the forecast period (2022 to 2030).

The global Smart Access Control market size was valued at USD 13 Billion in 2021 and it is projected to reach around USD 17 Billion by 2030.

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