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Access Control as a Service Market Global Industry Outlook, Demand, Supply and 2022 Forecasts


The Access Control as a Service Market is expected to reach USD 1,678.3 Million by 2022, growing at a CAGR of 26.82% between 2016 and 2022. The key factor driving this market has been the increased demand for ACaaS from businesses with multiple locations to centralize their operations. Furthermore, the large-scale adoption of Internet of Things (IoT) and increased usage of advance virtualization and cloud computing platforms is expected to propel the growth of the ACaaS market.
Among all the major end-use applications of ACaaS market, the commercial application has been driving the market. The increasing demand of access control systems for assuring security and reducing human efforts for the same at the commercial and corporate infrastructure has been the key driving factor for the ACaaS market for commercial application. However, the market for the manufacturing and industrial application is expected to grow at the highest rate during the forecast period.
As of 2015, the hosted services held a major share of the ACaaS market. As the hosted service is web based, the clients need not to look after the maintenance of the server. This has been the key driving factor for the hosted service market. However, the market for managed services is expected to grow at the highest rate between 2016 and 2022. This growth is attributed to the ability of the managed services to reduce the burden of adding and deleting access rights on the user as these services are managed by a third party for the user.
The public cloud deployed ACaaS is expected to hold a major share of the ACaaS market. The ability of the public clouds to store the data and make it available for the users at any location has been the key driving factor for the public cloud deployed ACaaS market. Even the rapidly increasing need of reliable ACaaS for transportation industry across the globe has been fueling the public cloud deployed ACaaS market. However, the market for private deployed ACaaS is expected to grow at the highest rate during the forecast period.
In terms of different geographic regions, the market in the North America region is expected to hold the largest market share between 2016 and 2022. The stabilized constructions in North America and convergence of mechanical and electronic security products for the same has been the key driving factor for the North American market. The European market is expected to capture the second-largest share during the forecast period. The commercial, government bodies, and manufacturing and industrial applications are expected to be the leading segments of the European ACaaS market.
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