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 2023–2032


Report Code: CMI19793

Published Date: October 2022

Pages: 220+

Category: Sensors & Controls

Report Snapshot

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

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.

  • Due to the rapid advancement of cloud computing and access control over the past ten years, the security and controls sector has undergone tremendous transformation. New cloud-based technologies provide web- and cloud-based solutions for sharing data both internally and externally, scalability, real-time analytics, quick data access, interaction with other systems and software, and flexibility.
  • Recent years have seen an increase in global corporate initiatives, awareness of cybercrime, and data security. Companies take security measures to guard company data from numerous internal and external threats. Rising awareness of cybercrimes and data security is predicted to drive access control system sales throughout the forecast period.
  • In countries like India, China, the U.S., Germany, France, and Japan, the digitalization of workloads is also significantly rising, and enterprises are integrating cutting-edge Smart access control technologies like biometrics and access control systems.
  • Contactless biometrics has historically been used for applications principally started by military access control and civil or criminal identification under a carefully regulated technical and legal environment. However, contactless biometrics are now being used by every major sector, including BFSI, healthcare, education, the military, and the defense industry, to name a few.

Most importantly, industrial users have grown more accepted and knowledgeable about this technology over the past few years. Due to the growing ubiquity of biometric identification using a range of unique identifying techniques, mobile biometrics are becoming more extensively accessible in the industrial setting. Businesses are also utilising face recognition technology to recognise their employees as soon as they walk through the door.

Global Smart Access Control Market 2023–2032 (By Type)

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Report Purpose

The market size for these services offered by various market participants is taken into account in the study’s research of the global market for smart access control. The study also keeps an eye on key market drivers, underlying growth influencers, and significant vendors functioning in the sector in order to support the market forecasts and growth rates throughout the projected period of 2022–2030. The study also looks at how COVID-19 has generally impacted ecology. Market size and forecasting for segmentation by kind, industrial vertical, and geography are included in the study’s purview.

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 (2022-2030)
Base Year 2022
Forecast Period 2023-2032
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 propelled forward by the developing cloud-based and access control trends as well as the rising demand for more security in various urban and industrial sectors. The demand for remotely accessible residential connection access controls as well as the quick development of software solutions used for management and employee safety are the driving forces behind the access control business. The popularity of access controls, which offer features like log keeping, personal responsibility, and the security and safety of workplaces, the widespread adoption of IoT, and the rising consumer demand for solutions that would make access control convenient all have a significant impact on the access control market.
  • The global rise in crime rates, technical improvements and the incorporation of wireless technology in security systems, as well as the widespread use of IoT-based security systems with cloud computing platforms, are the primary drivers of the growth of the global Smart access control market. Consumer ignorance of cutting-edge security solutions, high expenses, and the feeling of irregularity, however, limit the market’s growth.
  • Also, increased consumer awareness of security cameras, increased wireless security device use, acceptance of IoT-based security devices with cloud computing platforms, and technological improvements all have a favourable impact on the market for smart access control. In addition, during the projection period, the acceptance of mobile-based access control and the expansion of smart city projects will present participants in the access control industry with appealing opportunities.

Global Smart Access Control Market 2023–2032 (By Billion)

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The market Share Leader in Smart Access Control was Biometer Reade0072 Section

  • The biometrics Smart access control approach’s non-repudiation, non-transferable, and non-identifiable feature has contributed to its widespread acceptance. providing a high level of fraud prevention as a result. Biometrics is one of the most often utilized systems in a variety of industries, such as healthcare, financial services, travel, and hospitality. Biometrics is one of the most often used security measures, and many users also use passwords with minor variations.
  • Governments from many different countries have employed these biometric scanners for a number of purposes, including attendance, smart access control, employee identity, border control, and public identification.
  • Businesses have also been using this technology to improve processes for employee identification, logical and physical Smart access control, user authentication, and cloud communication security. Banks, including Halifax, have begun using smart wristbands to recognize consumers based on their heartbeats.

Competitive Environment

The market for smart access control is highly fragmented, with few global rivals and local firms in several nations. These companies compete in a number of mature and developing areas in an effort to grow their market shares. Nonetheless, these enterprises face intense competition from neighbourhood businesses, which frequently offer effective but less-priced solutions. As a result, a variety of new solutions with enhanced functionality and lower prices have entered the market.

A portion of our market analysis is devoted solely to major players in the Smart Entry Control market. Our analysts provide a summary of the financial statements for each participant, together with product benchmarking and SWOT analysis. Key development strategies, market share analysis, and market positioning research are all included in the competitive landscape section.

  • 2021: According to a press release from NEC Corporation, the busiest airport in Okinawa, Japan’s Naha Airport, will now have an electronic customs procedural system that employs facial recognition.
  • 2021: Honeywell announced the expansion of the capabilities of its MAXPRO Cloud portfolio with the launch of MPA1 and MPA2, Smart Access Control Panels that offer cloud, web-based, or on-premise hosting options.

Global Smart Access Control Market 2023–2032 (By Application)

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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 Component

  • Hardware
  • Authentication System
    • Biometric
    • Card-Based
    • Touch Screen and Keypads
    • Door Contacts
    • Intruder Alarm System
  • Detection System
  • Software
  • Services

 By Type

  • DAC
  • MAC
  • RBAC

By Application

  • Homeland Security
  • Commercial
  • Residential
  • Industrial

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • 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

Figures No 1 to 26

List Of Tables

Tables No 1 to 52

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
  • Others

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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