According to Future Market Insights (FMI), the North American access control market is expected to reach $4,749.1 million by 2023. During the predicted period, overall regional demand would increase at a CAGR of roughly 9.8%. The total market worth in North America is predicted to reach $12,144.4 million by the end of 2033.
An access control system is a type of security system that governs who or what may see or use resources in a computing environment. It is a technique that allows authorized users to access a resource while prohibiting unauthorized users from doing the same.
Growing security concerns are expected to boost the North America access control market during the forecast period. Rising usage of connected devices and the Internet of things (IoT) are driving the need for more sophisticated access control systems that can be integrated with existing systems and provide greater levels of security.
An increasing number of threats from cyber criminals is leading to a greater need for access control systems that can protect against unauthorized access. This in turn is expected to elevate access control solutions demand across North America.
Access control systems help to secure personnel and guests by preventing unauthorized visitors and intruders from entering the property. As a result, these systems are gaining huge popularity in residential, industrial, and commercial sectors.
An access control system allows users to ‘set and forget’ who has access to each area of business. Employees can access all the locations they need to conduct their tasks once they get permission. They can easily access any location they require by scanning a key card or entering a PIN.
Systems for access control permit authorized people inside while barring others. Users are free to conduct background checks and exclude anyone who lacks the necessary credentials. Access control systems can also ensure the security of their staff in an emergency.
Doors with lock-and-key devices stay locked, which might be dangerous in the event of an emergency requiring a quick escape, such as a fire. Doors unlock when the power goes out thanks to fail-safe locks, allowing everyone to leave a building without having to search for their keys.
By preventing unauthorized visitors and intruders from entering the property, an access control system helps secure personnel and guests. It will be impossible for unauthorized individuals to enter the building, thus enhancing both the security of the facility and the protection of both employees and guests.
Increasing usage of mobile access control solutions, such as mobile keycards, is expected to create new opportunities for the market.
Key Takeaways:
- The North America access control market is forecast to exhibit an 8% CAGR between 2023 and 2033.
- By system type, the fingerprint access control systems segment held a 4% share of the market in 2022.
- Based on components, the integrated access control software segment is expected to progress at 9% CAGR through 2033.
- By application industry, the data centers segment is estimated to expand at a CAGR of 4%.
- The United States is forecast to hold a prominent share of 6% of North America market by 2033.
- Canada’s access control market is projected to exhibit a CAGR of 7% over the forecast period.
“North American access control market is being driven by the increasing need for enhanced security & safety in commercial and residential buildings, as well as the increasing adoption of access control systems by government and educational institutions. Further, increasing demand for cloud-based access control solutions and the emergence of smart cities will boost the market,” says a lead analyst at FMI.
Who is Winning?
HID Global, Honeywell, Johnson Controls, NEC Corporation, Thales Group, Ganz Security, Bosch Security and Safety Systems, STANLEY Convergent Security Solutions, Identiv, AMAG Technology, Inc., Sielox LLC, Galaxy Control Systems, Avaya, Twilio, Mitel Networks Corporation, Infobip, Bandwidth Inc., Vonage, and TeleSign Corporation are few of the leading providers of access control solutions across North America.
These companies are focusing on expanding their portfolios by launching new products and services. They are also showing an inclination towards adopting strategies such as partnerships, acquisitions, mergers, and collaborations to gain profits. For instance,
- In 2021, Honeywell expanded its MAXPRO Cloud portfolio by introducing MPA1 and MPA2, access control panels. The new offerings can improve productivity, enhance security and control over the business, and reduce the cost of ownership.
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