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.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including BIO-Key International, Bosch Security Systems, Honeywell International Inc., IDEMIA, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Electronic Access Control System Market Report Segment
By Type
By Application
Global Electronic Access Control System Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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