13 June 2019, The global access control as a service market is subject to witness a substantial growth due to the
growing need centralize organizational-level operations, security risks
associated with latest industry trend such as Bringing Your Own Device (BYOD)
policy, and increasing adoption of Internet of Things (IoT) technology.
In addition, implementation of advance virtualization and
cloud computing platforms are expected to amplify the growth of access control
as a service (ACaaS) market over the forecast period. Globally, the market is
predicted to generate massive revenue over next seven years, providing numerous
opportunities for market players to invest for research and development in the
access control as a service market.
Growing demand for access control as a service (ACaaS)
for large-scale as well as SMEs (small & medium-sized enterprises) that are
operating from multiple locations are expected to foster the growth of access
control as a service (ACaaS) market over the upcoming years. Access control as
a service (ACaaS) helps organization to centralize their operations and
constraints security risks that are raised due to Bring Your Own Device (BYOD)
policy. Access control as a service (ACaaS) also offers detailed information in
regards to the restraints, opportunities, and challenges in the ACaaS market.
These factors are expected to fuel market demand for access control as a
service (ACaaS) solution, in the recent years.
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| Access Control as a Service (ACaaS) Market |
The access control as a service (ACaaS) is directly
related to Software as a Service (SaaS) technology, therefore also identified
as cloud-based service. Most of the available access control hardware is
located within the organizational premises while software and servers are
relocated and stored at powerful data-centers. This brings about necessary
flexibility and cost-effectiveness for organizational-level security. These
factors are expected to favor industry expansion in the upcoming years.
The market is broadly categorized into five major
segments based on the application type such as industrial sector, government
sector, education sector, public transportation sector, and military &
defense. The industrial sector is considered as one of the fastest growing
segment in the with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies IT
sector, increase in the number of research & development activities in the
region and existence of well-established IT infrastructure.
Asia-Pacific region is predicted to hold major market
share in the access control as a service market with massive growth in forecast
period. Countries such as Japan, China and Singapore are leading the
Asia-Pacific market with strong economic growth in the region, growing demand
form commercial, government bodies, and manufacturing & industrial sector,
and significant investment by leading industry players considering potential
growth opportunities in the region. The key players in the access control as a
service market are Brivo, Inc., Cloudastructure Inc., Tyco Security Products
Ltd., Assa Abloy AB, and Dorma + Kaba Holding AG.
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