Building Access Control Security Market

Building Access Control Security Market Overview

The demand for the elimination of issues associated with conventional access control systems, complemented by continuous innovations in technology, have led to the introduction of physical building access control security systems.

Building access control security systems are systems accessed without the requirement of a key. Technological innovations have led to the introduction of smart cards and proximity cards as well, besides magnetic stripe cards (under the card-based entry system market). In addition to offering an enhanced end-user experience, companies are strengthening the security of premises as well.

Building access control security systems, besides its primary application of granting access, can be used as an identity management, and time and attendance management system. It is, however, being witnessed that, multi-modal, i.e., physical access control systems with two or more modes of access (entry systems) are more preferred over single-modal entry systems.

Out of all the types, biometric systems are the most preferred physical access control systems, owing to their applications across a majority of industry verticals.

Impact of COVID-19 Pandemic Outbreak on Building Access Control Security Market

Owing to the spread of novel coronavirus, individual are reducing spending time in close contact with others within enclosed spaces and it is a real challenge for institutions like university campuses and colleges. Thus demand of building access control security has increased given that these systems helps colleges and universities to keep track of who is on their campuses.

Thus adoption of building access control security is growing to manage occupancy and density of individual in enclosed places, which is a significant factor driving the growth of the market. There are building access control security systems with turnstiles, fingerprint scanners, touchscreens and buttons, which creates an infection risk during the pandemic outbreak.

Thus to restrict the spread of virus, demand of contactless biometric solutions is increasing at a tremendous rate. Hence, the building access control security market is expected to grow by 1.2X by the end of Q4 2020.

Building Access Control Security Market: Drivers and Challenges

Increasing Demand for Enhanced Building Access Control Security against Increasing Crimes and Home Burglaries

The demand for enhanced building access control security is being witnessed globally, across both commercial and residential end-users, in correspondence to increasing crimes such as thefts and burglaries.

In order to provide an efficient layer of security, end users have started adopting and installing building access control security systems, which as a result, is expected to support the growth of the building access control security market during the forecast period.

Due to the enhanced features associated with building access control security, increased demand is being witnessed from various industries, especially corporate offices and hospitality sector. Besides these, high demand from education and healthcare industries is also being witnessed for the same.

Lack of Infrastructural Development Hindering Growth of the Market

Many countries suffer from the lack of infrastructural development because of the lack of penetration of technology. As a result, this has restricted the penetration of various building access control security, such as RFID/proximity card/smart card-enabled entry systems and smartphone remote access entry systems.

This lack of penetration of a significant segment of the market impacts the overall growth of the market, and acts as a major restraint for the building access control security market.

Building Access Control Security Market: Competition Landscape

Examples of some of the market participants in the global building access control security market identified across the value chain include

• Honeywell International Inc.
• Cisco Systems
• Tyco International Ltd
• Siemens AG
• Johnson Controls,
• Bosch Security Systems
• Godrej Consumer Product Limited
• United Technologies Corporation
• Magal Security Systems Ltd
• NEC Corporation
• Panasonic Corporation 

Following are some key strategies and developments in the global building access control security market:

• For instance, In June 2019, Royal Boon Edam International B.V., announced about the update of its popular product named Tourniket revolving door. As part of an effective protection package option, this update includes automated and advanced burglar resistance class 3 shield doors.

Nikhil Kaitwade

Principal Consultant

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Building Access Control Security Market: Regional Outlook

North America building access control security market is expected to be the highest revenue contributor owing to factors such as penetration of internet users and increasing popularity of mobile services across different sectors such as BFSI, IT & Telecom and government.

Whereas, East Asia is projected to exhibit the highest growth in the global building access control security market during the forecast period. Economic growth of developing countries, such as Japan and China, is complemented by the declining prices of software, hardware and other components.

The building access control security market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

• Building Access Control Security Market Segments
• Building Access Control Security Market Dynamics
• Building Access Control Security Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Technology Landscape
• Value Chain of the Market
• Market Drivers and Restraints

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia and Pacific (India, Malaysia, Indonesia, Singapore, Australia & New Zealand, Rest of South Asia and Pacific)
• Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

Building Access Control Security Market: Segmentation

The building access control security market can be segmented on the basis of component, end-user and region.

By Component:

• Hardware
  • Cameras
  • Readers/Scanners
  • Others
• Access Control Software/Solutions
• Services
  • Professional Services
  • Managed Services

By End-User:

• Residential
• Commercial
• Industrial
• Government