Technology & Telecommunications

According to a new market report published by Lucintel, the future of the global access control as a service (ACaaS) market looks attractive with opportunities in the commercial, industrial, residential, transportation, healthcare, education, and utility industries. The global access control as a service (ACaaS) market is expected to decline in 2020 due to global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $1.1 billion by 2025 with a CAGR of 10%-12% from 2019 to 2025. The major drivers for this market are increasing usage of cloud computing platforms and IoT technology, growing demand for cloud based hosted and managed services, and rising adoption of electronic security products.

In this market, hosted, managed, and hybrid are the services offered by AcaaS companies. On the basis of comprehensive research, Lucintel forecasts that managed service will remain the largest service type. It is also expected to witness the highest growth over the forecast period, as it is managed by third party service providers, which help organizations to manage the access rights.

Within the access control as a service market, commercial will remain the largest end use industry due to increasing adoption of AcaaS, particularly in small- to medium-sized businesses (SMBs) as it provides cost savings and continued support and scalability benefits.

North America will remain the largest region due to growing demand for security solutions and advancement in cloud-based technologies. APAC is expected to witness the highest growth over the forecast period, supported by increasing adoption of ACaaS system in commercial, government, and manufacturing & industrial applications.

Dormakaba, Assa Aboly, Honeywell Security, Microsoft Corporation, Brivo, Cisco Systems, and Digital Hands are among the major manufacturers of access control as a service.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global access control as a service market by end use industry, service type, deployment, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Access Control as a Service Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global access control as a service market by deployment, end use industry, service, and region as follows:































This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/access-control-as-a-service-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

This report answers the following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global access control as a service by end use industry (commercial, manufacturing and industrial, government bodies, residential, transportation, healthcare, education, and utilities), service (hosted, managed, and hybrid), deployment (public cloud, private cloud, and hybrid cloud), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?

Q.11 What M&A activity has occurred in the last 5 years?