Access Control Market Overview:
The Access Control Market Research Report covers a detailed analysis of strategy, micro and macro market trends and scenarios, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals. The report covers future trends that are expected to drive the development of the Access Control Market.
Anticipated Growth Rate for Access Control Market:
Access Control Market size was valued at US$ 10.88 Bn in 2023 and the total revenue is expected to grow at 8.2 % through 2024 to 2030, reaching nearly US$ 18.89 Bn.
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Access Control Market Latest Mergers & Acquisitions:
The access control market has witnessed significant mergers and acquisitions (M&A) activity in 2024 and early 2025, reflecting a trend toward consolidation and technological advancement. Key players are strategically acquiring companies to enhance their portfolios, particularly in smart locks, cloud-based access, and AI-driven security solutions.
Major M&A Deals in Access Control (2024–2025)
- Assa Abloy’s Strategic Acquisitions
- Level Lock Acquisition: Assa Abloy acquired smart lock startup Level Lock, known for its sleek design integrating digital control into the deadbolt mechanism. This move aligns with Assa Abloy's push towards smarter and more user-friendly lock solutions, as the industry moves towards digital keys and universal connectivity standards like Aliro.
- Securitech Group Inc.: In October 2023, Assa Abloy acquired Securitech Group Inc., a New York-based manufacturer of high-security mechanical and electronic door hardware products. This acquisition enhances Assa Abloy's presence in the U.S. market.
- SKIDATA Acquisition: In late July 2024, Assa Abloy announced plans to acquire SKIDATA from the Kudelski Group, further expanding its portfolio in access control and parking management solutions.
- Bosch Building Technologies Divestiture
- In December 2024, Bosch Group sold its Building Technologies division’s product business, encompassing Video, Access and Intrusion, and Communication units, to European investment firm Triton. This transaction reflects a growing confidence in the security market among private equity companies.
- Resideo Technologies Acquires Snap One
- Earlier in 2024, Resideo Technologies, Inc. agreed to acquire Snap One Holdings Corp., a provider of smart-living products, services, and software to professional integrators, for $1.4 billion. This acquisition strengthens Resideo's position in the smart home and security markets.
- Milestone Systems and Arcules Merger
- Effective July 1, 2024, Milestone Systems merged with cloud-based video surveillance solutions provider Arcules. Both companies are owned by Canon Inc. This merger combines Milestone's video management software with Arcules' cloud-based solutions, offering a comprehensive video technology portfolio.
- Synerion USA Inc. Acquires Qumulex Inc.
- Synerion USA Inc., a cloud-based workforce management software provider, acquired Qumulex Inc., a platform offering cloud-based video surveillance and access control solutions. This acquisition enhances Synerion's capabilities in integrated security solutions.
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Access Control Market Segmentation:
by Component
Hardware Card-Based Readers
Biometric Readers
Electronic Locks
Controllers
Software
The global access control market is divided into several segments based on the component: biometric readers, electronic locks, controllers, software, and hardware card-based readers. Over the course of the forecast period, the hardware card-based readers segment of the global access control market is anticipated to develop at the highest CAGR. due to the growing popularity of these readers due to their benefits, such as their dependability. Cards serve as credentials for confirming a user's identification and deciding whether to grant or deny access.
by Service
Installation
Maintenance
Access Control as a Service
by Vertical
Commercial
Military & Defense
Governmental
Residential
Education
Healthcare
Manufacturing and Industrial
Transportation
Others
Mobile/contactless payment, information sharing, user authentication & access control, monitoring healthcare systems, and others are the segments of the global access control market based on the application. Over the course of the forecast period, the worldwide NFC market is anticipated to see a higher compound annual growth rate (CAGR) in mobile/contactless payments.
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Access Control Market Key Players:
1. Assa Abloy AB
2. Dormakaba Holding AG
3. Allegion PLC
4. Johnson Controls International PLC
5. Honeywell Security Group
6. Identiv, Inc.
7. Nedap N.V.
8. Suprema HQ Inc.
9. Bosch Security Systems Inc.
10. Gemlato N.V.
11. Amag Technology, Inc.
12. Axis Communications AB
13. Gunnebo AB
14. NEC Corporation
15. Gallagher Group Limited
16. Adman Technologies Pvt. Ltd
17. Brivo, Inc.
18. Salto Systems S.L.
19. Ot-Morpho
20. IDEMIA
21. Thales Group
22. Gunnebo AB
23. Napco Security Technologies, Inc.
24. HID Global Corporation/ASSA ABLOY AB
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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