Access Control As A Service Market (2024-2033) | Insights, Industry Outlook, Growing Trends And Top Key Players

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Overview and Scope
Access control as a service (ACaaS) combines the advantages of subscription-based software as a service (SaaS) with on-site access control devices. Access control hardware is left in place, but software and servers are removed and kept at data centers, enabling users to manage access remotely and backup and store data securely. ACaaS enables giving the appropriate access to the appropriate individuals at the appropriate times.

Sizing and Forecast
The access control as a service market size has grown rapidly in recent years. It will grow from $1.22 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to user-centric approaches, interoperability and open standards, cybersecurity enhancements, subscription-based models, remote management needs..

The access control as a service market size is expected to see rapid growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to interoperability and standardization, enhanced mobile access solutions, shift towards subscription-based models, rise in cybersecurity concerns, increased demand for remote access solutions.. Major trends in the forecast period include cloud-based solutions, integration with iot and ai, mobile-based access, demand for remote management, shift to subscription models..

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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

North America was the largest region in the access control as a service market in 2023. 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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Major Driver Impacting Market Growth
Rising concerns regarding security are expected to propel the growth of access control as a service market going forward. Security concerns refer to any computer, or network information-based activity that poses a security risk and has the potential to undermine the integrity or privacy of the electronic control units’ network, computers connected to the network, and data. A security concern can also result in threats, misrepresentations of identity, or harassment of or by individuals using these resources. Access control is a crucial component of data security, which determines who is permitted to access and utilize corporate resources and information. Through authentication and permission, access control rules give users the right to access company data and who they say they are. For instance, in January 2023, according to the new data provided by Checkpoint, an Israel-based provider of software and hardware products for IT security global cyberattacks increased by 38% in 2022, compared to 2021. Furthermore, according to ESET Threat Report T2 2021, researchers found a 7.3% increase in email-based attacks between May and August 2021, the majority of which were part of phishing campaigns, a scam created by cybercriminals to steal financial resources. Therefore, rising concerns regarding security are driving the demand for access control as a service market.

Key Industry Players
Major companies operating in the access control as a service market are focused on providing access and authentication services that include advanced authentication such as Zero-Trust Multi-Factor Adaptive Authentication to counteract credential theft. Zero-trust multi-factor Adaptive Authentication is an advanced security approach that verifies user identity through multiple factors and continuously adapts to assess and grant access. For instance, in January 2022, Telefónica Tech, a Spain-based provider of data analytics, cloud and cyber security management, and VU, a UK-based cybersecurity company collaborated to launch the global Access and Authentication Service, aiming to safeguard organizations from credential theft through Zero-Trust Multi-Factor Adaptive Authentication and biometric facial and voice recognition. The service, based on VU technology, enhances authentication security, offers Single Sign-on capabilities, and integrates with Active Directory. It operates in a scalable SaaS mode, providing easy deployment and monitoring through Telefónica Tech’s global network of SOCs.

The access control as a service market report table of contents includes:

1. Executive Summary

2. Access Control As A Service Market Characteristics

3. Access Control As A Service Market Trends And Strategies

4. Access Control As A Service Market – Macro Economic Scenario

5. Global Access Control As A Service Market Size and Growth
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31. Global Access Control As A Service Market Competitive Benchmarking

32. Global Access Control As A Service Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Access Control As A Service Market

34. Access Control As A Service Market Future Outlook and Potential Analysis

35. Appendix

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