Increasing Demand for Cloud Access Control
According to Adroit Market Research, the market for access control was estimated to be worth USD 10 Billion in 2023, and by 2029, it is anticipated to grow to USD 15 billion, with a CAGR of 8.5%. Cloud-based access control solutions are gaining popularity quickly due to their adaptability, scalability, and cost.
Access control is a top priority for organissations in a variety of sectors, including government, business, industrial, and residential, in response to the growing number of security risks and events. The need for access control is being driven by the requirement for effective access control methods to stop unauthorised access, data breaches, and security breaches. The analysts found that access control is becoming more popular as a result of strict legal requirements and standards relating to security and data protection. Regulations like the Health Insurance Portability and Accountability Act (HIPAA), General Data Protection Regulation (GDPR), and Payment Card Industry Data Security Standard (PCI DSS) must be followed in sectors including healthcare, banking, and government.
Service providers have the chance to provide access control as a service (ACaaS), allowing businesses to use cloud-based access control solutions rather than spending money on on-premises hardware. Mobile-based access control service offer simplicity and flexibility in light of the ubiquitous usage of cell phones. Businesses may give customers mobile credentials for secure, contactless access by utilising mobile technologies like Bluetooth, near-field communication (NFC), or QR codes. The potential is in creating mobile access control applications that are simple to use and integrating them with current access control applications.
Access control is a mature industry in North America, driven by strict compliance regulations and high-security standards. Advanced technologies including biometrics, mobile access control, and cloud-based solutions have prospects in the region. Access control is being more widely used in industries including government, banking, and healthcare, opening up new opportunities for market growth.
