Access Control As A Service Market
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Access Control As A Service Market Size Growth Forecast: What to Expect by 2025?
The market size for access control as a service has seen a quick expansion in the recent past. The market is expected to jump from $1.36 billion in 2024 to $1.54 billion in 2025, representing a compound annual growth rate (CAGR) of 13.1%. Factors such as the focus on user-centric strategies, interoperability and open standards, improvements in cybersecurity, subscription-based models, and the need for remote management have contributed to the growth seen in the historical period.
How Will the Access Control As A Service Market Size Evolve and Grow by 2029?
The market size of Access Control as a Service (ACaaS) is projected to experience a significant surge in growth in the upcoming years, reaching a market value of $2.8 billion in 2029 with a compound annual growth rate (CAGR) of 16.2%. This anticipated growth in the stipulated forecast period is primarily due to factors like progressions in interoperability and standardization, improvements in mobile access solutions, a transition towards subscription-centered models, escalation in cybersecurity issues, and a rising demand for remote access solutions. Key trends for the forecast period encompass cloud-based solutions, incorporation with Internet of Things (IoT) and Artificial Intelligence (AI), mobile-focused access, increasing demand for remote management, and a transformation towards subscription models.
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What Drivers Are Propelling the Growth of Access Control As A Service Market Forward?
The escalating worries about security are projected to fuel the expansion of the access control as a service market in the future. These concerns encompass any activities tied to computer, network information that present a security risk. Such activities can compromise the security or privacy of the computer systems’ network, network-connected computers, and the accompanying data. These security risks can result in threats, identity misrepresentations, or harassment by individuals relying on these resources. A vital element of data security is access control, which dictates who may gain access to and use corporate resources and data. It also authenticates users and grants permission, ensuring that they have the right to access company data and validate their identity. As an example, data from Checkpoint, an Israeli IT security vendor of software and hardware products, revealed in January 2023 that global cyberattacks surged by 38% in 2022 compared to 2021. In addition, the ESET Threat Report T2 2021 disclosed a 7.3% rise in email-based attacks from May to August 2021, primarily resulting from phishing sca*ms by cybercriminals to defraud financial resources. Hence, the growing apprehensions over security are spurring the demand for the access control as a service market.
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Which Emerging Trends Are Transforming the Access Control As A Service Market in 2025?
The proliferation of technological innovations is a major trend gaining traction in the access control as a service industry. The primary businesses in this sector are concentrating their efforts on producing novel technological solutions to fortify their market positions. As an illustration, in December 2022, PlainID, an American firm dealing with authorization and policy-based access control, introduced its PlainID Technology Network. This Network, created in collaboration with PlainID partners, makes PlainID’s state-of-the-art technology available globally, assisting companies in securely revolutionizing authorization and control of access. The intention of the PlainID Technology Network is to amplify integration with essential adjacent technologies, thereby ensuring identity-aware security throughout all segments of the business technology stack.
What Are the Key Segments in the Access Control As A Service Market?
The access control as a service market covered in this report is segmented –
1) By Services: Managed Services, Hosted Service, Hybrid Service, Other Services
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By End-Users: Pharmaceuticals And Healthcare, Government, Education, Health Care, Retail, Transportation, Other End-Users
Subsegments:
1) By Managed Services: User Management, Policy Management, Compliance Management
2) By Hosted Service: Cloud-Based Solutions, On-Premises Solutions
3) By Hybrid Service: Combination Of Cloud And On-Premises, Flexible Deployment Options
4) By Other Services: Integration Services, Consulting Services, Support And Maintenance Services
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Who Are the Key Players Shaping the Access Control As A Service Market’s Competitive Landscape?
Major companies operating in the access control as a service market include Digital Hands, Microsoft Corporation, Brivo Inc., Centrify Corporation, Oracle Corporation, Spica International d.o.o., Vanderbilt Industries GmbH, dormakaba Holding AG, Feenics Inc., Fleming Companies Inc., Honeywell International Inc., IBM Corporation, Johnson Controls International Plc., Kastle Systems, Kisi Inc., M3T Corporation, Honeywell Security Group, Allegion Plc., NEC Corporation, Identiv Inc., Bosch Security Systems Inc., Amazon Web Services, Cisco Systems Inc., Stanley Access Technologies, Ping Identity Corporation, Thales Group, Assa Abloy AB, AMAG Technology Inc., Cloudastructure Inc., Protection1 Security Solutions LLC
What Geographic Markets Are Powering Growth in the Access Control As A Service Market?
North America was the largest region in the access control as a service market in 2024. The regions covered in the access control as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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