Electronic Access Control System Market Will Exhibit an Impressive Expansion by 2024-2031

The global electronic access control system market is anticipated to grow at a considerable CAGR of 10.0% during the forecast period. The purpose of access control is to provide quick, convenient access control for authorized persons, while at the same time, restricting access for unauthorized people. Electronic access control providers use innovations such as cellular networks, RFID technology, the Internet of Things (IoT), and artificial intelligence (AI) to introduce new ways to verify a person’s identity. New kinds of electronic keys can use inventions such as transmitters or magnetic stripes to store and exchange data with readers. For instance, in January 2023, Johnson Controls announced a new offering in enterprise-grade frictionless access control with the integration of the Software House C CURE 9000. C CURE 9000 is integrated with the security and event management system with the Rock from Alcatraz AI, a powerful edge device leveraging 3D facial authentication technology to protect businesses, people, and assets, prevent security breaches, and mitigate risk. The Rock C CURE 9000 solution harnesses Artificial Intelligence (AI) and analytics, using a face as the credential, for an easy-to-use, touchless, and hygienic access control experience for building occupants.

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Moreover, the market players are also adopting a range of strategic initiatives to expand their geographical footprint, by launching advanced products and entering into contractual agreements, mergers, and acquisitions. For instance, in March 2020, Honeywell’s unveiled WIN-PAK 4.8 software solution that provides a cost-effective way to integrate and manage access control, video surveillance, and intrusion detection through a single interface. WIN-PAK 4.8 provides an intuitive browser-based interface allowing users to perform common access control actions from virtually anywhere. Furthermore, in February 2023, Rank One Computing (ROC), partnered with the Modular Open-Source Identity Platform (MOSIP). ROC offers a multi-biometric software development kit (SDK) to MOSIP, which is ranked 1st by the National Institute of Standards and Technology (NIST). With these biometrics, countries can leverage MOSIP’s proven, scalable platform to develop foundational identity (ID) systems with ROC’s face and fingerprint-matching technologies, which will further minimize fraud and deliver secure public and private services globally.

Global Electronic Access Control System Market Report Segment

By Type 

  • Biometrics
  • Card-Based
  • Touch Screen and Keypads
  • Door Contacts
  • Others (Intruder Alarm Systems and Perimeter Security Systems)

By Application

  • Commercial
  • Industrial
  • Residential

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Electronic Access Control System Market Report Segment by Region

 

North America          

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific   

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

Company Profiles

 

  • Allegion plc
  • Assa Abloy AB
  • Axis Communications AB
  • DoorKing®, Inc.
  • dormakaba International Holding AG
  • FERMAX ELECTRÓNICA, S.A.U.
  • HID® Global Corp.
  • Identiv, Inc.
  • Johnson Controls International
  • Kisi Incorporated
  • Napco Security Technologies, Inc.
  • NEC Corp.

 

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