North America Access Control Market Size, Share & Industry Trends Analysis Report By Offering, By Vertical (Commercial, Military & Defense, Residential, Transportation, Manufacturing & Industrial, Healthcare, Government), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Access Control Market would witness market growth of 6.8% CAGR during the forecast period (2023-2029).
In numerous sectors, such as financial services, healthcare, travel, and hospitality, biometrics is one of the most widely used systems. In addition, Biometrics is one of the most widely used control systems because many people use passwords with small changes. These biometric scanners are used by governments from different nations for various objectives, such as law enforcement, public identification, border control, access control, employee identification, and attendance. The demand for better security across various urban & industrial sectors and the expanding cloud-based and access control trend is driving the access control market ahead.
Furthermore, the need for remotely accessible residential connection access controls and the rapid expansion of software system utilization for manager and staff protection are propelling the access control market. In addition, the market for access control is significantly impacted by the popularity of access controls, which offer features like personal responsibility, log keeping, and the security and safety of workplaces, as well as by consumer demand for access control convenience-enhancing solutions and the widespread adoption of IoT.
Budget allocations to cloud storage products and services are increasing among businesses. The Federal Risk and Authorization Management Program (FedRAMP) was developed by the United States government to provide a standard method for the authorization, evaluation, and continuous monitoring of cloud products and services. In addition to complying with FedRAMP and other regional regulations, such as HIPPA, SOC1 and 2, and FedRAMP, several leading companies have developed cloud storage solutions. In addition, a substantial number of major consumer electronics companies headquartered in this region and offering solutions & services would progressively adopt cloud solutions, thereby contributing to the expansion of the regional market.
The US market dominated the North America Access Control Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,878.3 Million by 2029. The Canada market is poised to grow at a CAGR of 9.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.2% during (2023 - 2029).
Based on Offering, the market is segmented into Hardware (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Access Controllers and Others), Software and Services. Based on Vertical, the market is segmented into Commercial, Military & Defense, Residential, Transportation, Manufacturing & Industrial, Healthcare, Government and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Access Control Market is Projected to reach USD 16.2 Billion by 2029, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International plc, Assa Abloy AB, Dormakaba Holding AG, Allegion Plc, Honeywell International, Inc. (Honeywell Commercial Security), Identiv, Inc., Nedap N.V., Suprema, Inc., Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH) and Thales Group S.A.
Scope of the Study
Market Segments Covered in the Report:
- Card-based Readers
- Biometric Readers
- Multi-technology Readers
- Electronic Locks
- Access Controllers
- Military & Defense
- Manufacturing & Industrial
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International plc
- Assa Abloy AB
- Dormakaba Holding AG
- Allegion Plc
- Honeywell International, Inc. (Honeywell Commercial Security)
- Identiv, Inc.
- Nedap N.V.
- Suprema, Inc.
- Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
- Thales Group S.A.
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