Global Access Control and Authentication Market: Rising Incidence of Crime to Fuel Deployment Worldwide, Says TMR

The global access control and authentication market is highly fragmented, with a large number of companies operating across diverse sectors. For instance in the electronic access control (EAC) segment, companies such as 3M Company, Honeywell International, and Morpho, Safran Inc. emerged dominant as of 2013, finds Transparency Market Research (TMR) in a new study. In the automatic number plate recognition (ANPR) market, 3M Company, NDI Recognition System Ltd., and Tattile Srl hold strong position. Meanwhile, the document readers segment is led by companies such as Safran Morpho, Inc., 3M Company, AR Hungary, Crossmatch Technology, Inc., and Suprema, Inc. 

These companies are at loggerheads to emerge dominant in the overall access control and authentication market. Hence the market witnesses a high investment in product research and development. Strategies adopted by the leading companies to sustain lead has a profound impact on the overall market operations. According to TMR, the global access control and authentication market, which stood at US$18.7 bn in 2013, is projected to reach US$49.8 bn by the end of 2020. If the figures hold true, the market will exhibit a CAGR of 15.3% between 2014 and 2020. 

Currently, the demand from the EAC segment is significantly higher than rest of the product categories. However, over the course of the forecast period, the document readers segment is likely to exhibit a CAGR 26.3%, thereby beating other product segments. Regionally, North America held dominance with a share of 32.3% in the global market in 2013. Here as well, Asia Pacific is likely to exhibit a comparatively higher CAGR through the course of the report’s forecast period. 

Demand for Advanced Security for Protection against Crime to Create Attractive Opportunities 

The demand for access control and authentication systems is expected to rise at an incredible pace in the forthcoming years. The increasing incidence of crime worldwide, and stringent government regulations to curb the same are fuelling the need for advanced security systems. This is a key driver of the global access control and authentication market. “With technological advancements, the EAC systems have become more reliable and have thus gained better acceptance,” said a lead TMR analyst. 

“As organizations around the world pull up their socks to tackle infiltrations of any kind, the policies steps taken to ensure the same will boost the access control and authentication market in response,” observed the TMR report’s author.  The increasing threat and complexity of attacks has become a formidable challenge for organizations around the world. Deploying advanced access control and authentication systems is thus viewed as a popular method of tackling the same. The market is also expected to gain from the continued investment in infrastructure.  

High Cost Limits Installation of Access Control and Authentication Devices in Residential Sector 

Despite benefits it offers, the high cost and lack of proper infrastructure have acted as a major restraint for the adoption of access control and authentication devices in the residential sector. Increasing urbanization has incredibly bolstered the population in cities. While this requires huge investment in developing adequate infrastructure, it also creates the demand for advanced security systems. Installing EAC systems often proves a costlier affair than hiring manual security services. This could create a major restraint for the global access control and authentication market. 

Nevertheless, with the move towards incorporating mobility-based solutions and advancements in sensor technology, the deployment of access control and authentication devices is expected to rise in the coming years. 

This review is based on information published by TMR, in a report, titled “Access Control and Authentication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” 

The report segments the global access control and authentication market as: 

By Product Type

  • Electronic Access Control (EAC)
  • Automatic Number Plate Recognition (ANPR)
  • Document Reader 

By End-use Industry

  • Transportation and Logistics
  • Government and Public Sector
  • Utilities/Energy Markets 

By Geography

  • North America
    • U.S.
  • Europe
  • Asia Pacific
    • India
  • Rest of the World (RoW)

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