Access control and authentication is a crucial part of safety protocol in any organization, be it governmental or private. Controlling entry into a complex is the first step of ensuring security of said complex, and the global access control and authentication market is growing by leaps and bounds due to this. The growing threat of terrorism, thefts, and other criminal acts has led to growing demand for access control and authentication systems in commercially important public places such as airports, large shopping malls, banks, casinos, and others.

The global access control and authentication market was worth more than US$18,700 million in 2013 and is expected to grow at a sturdy 15.3% CAGR from 2014 to 2020. The market could be worth close to US$50,000 million by 2020.

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Demand for Electronic Access Control Leads Global Access Control and Authentication Market

The convenience and efficiency of electronic access control (EAC) systems has resulted in them acquiring the lion’s share in the global access control and authentication market. EAC systems are mandated in government buildings in many countries, which is helping the market for the same. The corporate sector is also getting wise to the immense utility of EAC systems, which is boosting demand for access control and authentication systems from the corporate sector.

Other product categories in the global access control and authentication market are automatic number plate recognition and document readers. These are also gaining steady demand due to growing incidence of road accidents and illegal immigration, respectively.

Widespread infrastructural support for electronic systems and remote monitoring ability is helping the access control and authentication market in developed countries in regions such as North America and Europe. However, lack of the same is harming the market’s growth prospects in Asia Pacific and Rest of the World. However, this is rapidly changing, as several Asian countries are now firmly on the path to urbanization and widespread development.

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Asia Pacific to Lead Demand from Global Access Control and Authentication Market

North America has historically been the leading regional segment of the global access control and authentication market, due to the aforementioned reasons. This developed and affluent region held a 32% share in the global access control and authentication market in 2013. However, Asia Pacific is steadily rising in prominence in the global market on the back of rising developmental activities in countries such as China, India, Indonesia, Vietnam, and South Korea.

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These dynamic economies, like many others in Asia Pacific, are witnessing a steady rise in urbanization and spread of accompanying infrastructure. The corporate and industrial sectors in this region are also growing rapidly. This has led to high demand for access control and authentication systems. Growing construction of advanced infrastructure has necessitated the usage of access control and authentication systems. As a result, the Asia Pacific market for access control and authentication systems is expected to grow at a 17.1% CAGR from 2014 to 2020.

Demand for smart card readers and other document readers is also growing in the Asia Pacific market, due to the proliferation of smart cards and strengthening tourism sector in Southeast Asia.

The global market for access control and authentication systems is expected to be shaped by the development of biometric authentication systems. Factors responsible for the prominence of biometrics are the precision they offer in terms of identification and their ease of use.

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