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Rising Threat of Crime, Terrorism, Illegal Immigration to Drive Demand for Access Control and Authentication Systems, says TMR

Posted on Aug 24, 2016

The global access control and authentication market is dominated by companies such as Bosch Security Systems, 3M Company, Suprema Inc., Honeywell International, Cross Match Technologies, Inc. Other key companies in the market include Genetec Inc., Panasonic Systems Network Co. Ltd., Zhejiang Dahua Technologies Co. Ltd., Cisco Systems Inc., Canon Inc., Q-Free ASA, and NDI Recognition Systems Ltd.

According to Transparency Market Research, the key strategies expected to be pursued by leading companies in the global access control and authentication market are product diversification to offer the whole catalog of access control and authentication products, and geographical expansion by expanding distribution channels or acquisition of local companies. The annual revenue of the global access control and authentication market is expected to reach US$27.7 bn by the end of 2016 and further rise to US$49.9 bn by 2020.

Rising Demand for Biometric Scanning in Mobile Devices Boosts Access Control and Authentication Industry

One of the prime drivers for the global access control and authentication market is the rising use of biometric authentication procedures in smartphones and other mobile devices. Steadily developing since its inception in around the turn of the decade, fingerprint recognition has now become common in high-end smartphones and is likely to soon trickle down to mid-range devices. Biometric authentication is a crucial advance in smartphone design, since today’s interconnected technological ecosystem makes smartphones a soft spot if stolen. Thus, the rising adoption of the same is likely to remain a crucial driver for the global access control and authentication industry in the coming years.

The increasing risk of violent crimes and terrorism has also been instrumental for the access control and authentication market. In developed regions, the rising number of school shootings has led to many governments legislating mandatory installation of effective access control and authentication systems to keep out potentially dangerous individuals. The consistent need to build new airports and other parts of transportation infrastructure has also been vital for the global access control and authentication market, since such sites are at high risk from terrorist attacks.

The mounting concerns about illegal immigration and the consequent risk of document forgery have also driven the demand for document readers. The BFSI and hospitality sectors are expected to exhibit rising demand for advanced document readers in the coming years.

Public Opposition to Intrusion on Privacy to Hold Back Demand for Access Control and Authentication Systems

One of the prime restraints on the global access control and authentication market is the opposition to the high volume of personal data stored in a comprehensive security system. Citizens in many countries are opposed to the idea of their government getting easy access to their personal data through access control systems. This is likely to remain a key restraint on the global access control and authentication market in the coming years, as any effective access control system requires a loss of personal privacy to some degree.

A key restraint holding back the demand for automatic number plate recognition (ANPR) systems is the lack of standardization in the design of number plates. Different languages, fonts, and stylistic cues are employed in different number plates, making it harder for ANPR systems to track them.

Electronic Access Control Systems to Retain Dominance in Access Control and Authentication Market

Electronic access control systems are by far the most dominant segment of the global access control and authentication market and are expected to account for around 98% of the global market throughout the 2014-2020 forecast period. However, the revenue generated by document readers is expected to exhibit a robust 26.30% CAGR in the same period.

By end use, the transportation and logistics industry is likely to remain the leading revenue generator in spite of the steady growth expected of the healthcare, education, and retail sectors. The transportation and logistics sector’s contribution to the global access control and authentication market is expected to reach US$10.8 bn by the end of 2020.

Due to the rapid spread of urban infrastructure in Asia Pacific, the APAC market for access control and authentication systems is expected to overtake North America by the end of the decade to emerge as the leading market for access control and authentication. The Asia Pacific access control and authentication market is expected to be valued at US$17.3 bn by the end of 2020.

The information in this preview comes from a Transparency Market Research report titled ‘Access Control and Authentication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.’

The global access control and authentication market is segmented as follows:

Global Access Control and Authentication Systems Market, by Product Type

  • Electronic access control systems
  • Automatic number plate recognition
  • Document readers

Global Access Control and Authentication Systems Market, by End Use

  • Transportation and logistics
  • Healthcare
  • Government
  • Utilities
  • Hospitality
  • Industrial
  • Educational institutes
  • Business organizations
  • Retail
  • Others

Global Access Control and Authentication Systems Market, by Geography

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

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