Rapid Growth of Access Control as a Service Market Driven by Increasing Data Security Concerns


Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Access Control as a Service Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The access control as a service market is set to experience substantial growth, with a projected increase of $4,473.02 million during the forecast period of 2022-2027, reflecting an impressive CAGR of 22.39%.

The comprehensive report on the access control as a service market provides a holistic analysis encompassing market size, forecast, trends, growth drivers, challenges, and vendor analysis of approximately 25 key players.

The report presents an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.

The market growth is driven by the following factors:

  • Growing awareness about sophisticated data security threats, fostering the need for robust access control solutions
  • Increased adoption and implementation of the mobility phenomenon and bring-your-own-device (BYOD) practices in various industries
  • Penetration of the internet and wireless network infrastructure, facilitating the adoption of access control as a service solutions

Segmentation:

  • End-user: Government, Healthcare, Transportation, Retail, Others
  • Type: Managed service, Hosted service
  • Geographical Landscape: North America, Europe, APAC, South America, Middle East and Africa

Key Drivers of Access Control as a Service Market Growth:

  • Higher focus on data security, driving the demand for advanced access control solutions
  • Proliferation of cloud systems, enabling convenient and scalable access control as a service offerings
  • Continuously evolving compliance requirements, necessitating robust access control solutions

The report provides an in-depth analysis by studying, synthesizing, and analyzing data from multiple sources and key parameters.

Companies Mentioned:

  • ASSA ABLOY AB
  • Brivo Inc.
  • Broadcom Inc.
  • Centrify Corp.
  • Cisco Systems Inc.
  • Cloudastructure Inc.
  • Datawatch Systems Inc.
  • Dormakaba Holding AG
  • Feenics Inc.
  • Honeywell International Inc.
  • International Business Machines Corp.
  • M3T Corp.
  • Microsoft Corp.
  • Motorola Solutions Inc.
  • Okta Inc.
  • Oracle Corp.
  • Ping Identity Corp.
  • SecureAuth Corp.
  • Thales Group
  • Vector Security Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1ggxgb

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