The global access control and authentication market is anticipated to witness growth over the forecast period, driven by an increasing need for safety and security. Designed to monitor people & objects, control their access, and prevent intrusion into any property or information, the systems are mainly responsible for the selective restricted access to a place. These are controlling tools and are used in the investigation and prevention of crimes that are bound to take place in multiplexes, malls, airports, banks, ATMs, and casinos. Key end-use verticals served by the access control and authentication market include public sector and government, industrial and manufacturing sector, transportation, logistics, a business organization that includes banking, financial services, and insurance, IT sector, retail, hospitality, and healthcare & educational institutions along with residential complexes and stadiums and sports complexes.
Governments and regulatory bodies have imposed policies and compliances for security, which have led to increased investments in security by companies and organizations. In business organizations, these systems help the administration to manage access, privileges, passwords, access to network services, user authentication for remote connections, equipment/location identification, and remote diagnostics and configuration. Ever-increasing security and safety concerns and regulations are the key drivers for the global access control and authentication market.
The revival of commercial projects across various fields including defense, commercial, and residential sectors is expected to further boost the demand for access control and authentication solutions. Government ID programs, the introduction of MasterCard, and Visa compliant smart cards have considerably bolstered access control and authentication systems’ installations. An increasing trend in the access control market is towards the convergence of physical and logical access control solutions. High adoption of mobility-based solutions is expected to open up new avenues for market growth.
Various components incorporated in access control and authentication systems include electronic access control, number-plate identification systems, and document readers. The electronics access control system comprises card-based access systems, radio frequency identification, and biometrics. Biometrics consists of fingerprint scanners, facial recognition, and iris recognition systems. The radio frequency identification system can be further categorized into active and passive systems, while card-based control systems can be bifurcated into smart and proximity cards. Rising infrastructural developments and adoption of access control systems in organizations and the rise in criminal activities have led to sophistication and complications in access control and authentication solutions.
North America and Europe are estimated to significantly contribute to the access control and authentication market growth owing to high government investments for public security. Moreover, escalating the security budget for the protection of important infrastructure across countries in the Asia Pacific region is expected to drive the regional demands for such security systems. Key players in the access control and authentication market include Bosch, Panasonic Corporation, 3M Company, Honeywell Group, Axis Communications, Pelco Inc., Cisco, Access Ltd., Suprema Inc., Canon Inc., and Genetec Inc.
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To address the surge of COVID-19, governments all over the world are developing stringent surveillance mechanisms to ensure that people in high-risk zones, or those instructed to be under strict home quarantine. Smartphone apps integrated with geotagging features have been rolled out by various governments to ensure adherence to social distancing. Health surveillance in the wake of this pandemic has essentially become a mic of technology and human intelligence. The updated report will account for Covid19 as a key market contributor.