India Access Control Market Statistics: 2030
The India access control market size was valued at $160.20 million in 2021, and is projected to reach $313.11 million by 2030, growing at a CAGR of 7.3% from 2021 to 2030.
Access control systems in the form of keyless entry and card access systems is an easy way to manage building security. An access control system provides proper access to each employee in their workplace facility, enabling them to easily enter the right building or office, without concern of a security breach. Depending on the industry or facility, there may be certain offices, laboratories, or production areas that require additional security, either because they are high-risk and require specific safety training, or because they contain sensitive information. An access control system allows users to require specific mandatory credentials from anyone attempting to enter that area. This ensures a safety and security requirements of a facility are met without the hassle of traditional security systems.
One of the key benefits of access control systems is that in the event of an accident or theft, organizations can see exactly who accessed a specific area during the time of the incident. Beyond just security measures, this feature is also helpful for collecting data on who enters and exits specific buildings or offices, when, and how often. This is considered as an important factor that propels the access control market in India. In addition, ease of accessibility, owing to access control systems and increasing threat of terrorism & criminal activities are some of the major factors that propel the India access control market growth.
However, lack of knowledge about benefits of advanced security solutions and higher prices for installment of access control systems at workplaces are some of the factors that limit the India access control market growth. Furthermore, increase in usage of advanced technologies such as artificial intelligence, machine learning, biometrics, and RFID technology is expected to grow tremendously in the coming years for the India access control industry.
The report focuses on growth prospects, restraints, and trends of the India access control market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the India access control market.
Segment review
The India access control market is segmented on the basis of component, type, industry vertical. By component, it is segmented into hardware, software and service. By type, it is bifurcated into card based and biometric based. Based on industry vertical, it is segregated into IT & telecom, BFSI, defense & aerospace, manufacturing, transportation & logistics, government and others.
COVID-19 impact analysis
The COVID-19 pandemic has increased the need for access control management among different organizations to perceive better management of staff in the office premises. With the social distancing norms and fear of spread of virus, the need to check individuals entering a premise for their temperature using biometrics and veins recognition technology helps to identify people who could possibly be infected with diseases and virus. Furthermore, since workplaces, are prime locations for viruses such as COVID-19 to spread, there is a major shift in coronavirus office policies. Therefore, the demand for access control has tremendously increased during the COVID-19 pandemic.
Top impacting factors
Increasing popularity of access control devices in commercial spaces to monitor employee activities
The increasing adoption of access control devices by companies and houseowners for enhanced security is benefiting the expansion of the market. The advancement in features in the access control systems such as biometrics, blockchain authentication and other is attracting the customers to adopt access control systems. In addition, biometrics for security is seen as a serious investment in developing technology parks and manufacturing enterprises. Because modern security systems require larger expenditures, many end-users are hesitant to replace the current biometric authentication systems, benefiting the growth of access control systems market. Moreover, use of access control devices for attendance, monitoring or tracking working times and others has increased its popularity in industrial sectors. Furthermore, it also helps in increasing ease of access to employees in any commercial work space by providing key card or input of a PIN in the systems. Thus, the increasing popularity of access control devices in commercial spaces to monitor employee activities is fueling the growth of the market.
By Component
Hardware segment accounted for the highest market share in 2020.
Less awareness among users about benefits of advanced security solutions
The users are not always aware about the technological features upgraded in the access control systems. In addition, the access control system often gets slow without the technological updates in the interfaces. Additionally, many users are also not aware about advance biometrics features such as iris scanner and other advance features. As a result, the customers using traditional access control systems cannot get a convenient experience through the systems. Moreover, the slow working of the systems owing to no upgrades in the system makes the systems vulnerable for cyberattacks. Thus, the less awareness among users about benefits of advanced security solutions is restraining the growth of the market.
Technological advancements in access control technologies
Multiple firms are creating advanced technologies to fulfil the demand for more complex and secure access technology, which is a vital aspect of physical security systems. The integration of artificial intelligence (AI) and machine learning (ML) in the systems is enabling the technological advancements in the systems. In addition, the companies are rapidly adopting mobile access control owing to convenience of functioning through mobile. Moreover, cloud-based access control technologies have reduced the costs for the systems which has enabled small scale enterprises to adopt it. Furthermore, advanced features such as multi-factor authentication, multimodal authentication, blockchain authentication, biometric access control and other features are increasingly attracting the customers to adopt the access control systems. Hence, the access control market is rapidly growing with the technological advancements and enhancing the security. Thus, these factors are anticipated to provide lucrative opportunities for the market to grow in upcoming years.
By Type
Card-Based segment accounted for the highest market share in 2020.
Key benefits for stakeholders
- The study provides in-depth analysis of the India access control market share along with current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the India access control market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the India access control market.
- An extensive analysis of the key segments of the industry helps to understand the India access control market trends.
- The quantitative analysis of the India access control market forecast from 2021 to 2030 is provided to determine the market potential.
India Access Control Market Report Highlights
| Aspects | Details |
 By Component |
|
 By Type |
|
 By Industry Verticals |
|
 Key Market Players | Gallagher Security, Siemens, Johnson Controls, Realtime Biometric, Suprema, Honeywell International Inc., IDEMIA, HID Global Corporation, SOLUS, Virdi, Gemalto (3M Cogent), .ASSA ABLOY, Tyco Security Products, Mantra Softech India Private Limited, Hangzhou Hikvision Digital Technology Co., Ltd., eSSL, IDCUBE, Mercury Security, Dahua Technology Co., Ltd, Paxton Access Ltd., ZkTeco Co., Ltd, Robert Bosch GmbH, RBH Access Technologies, Godrej |
Analyst Review
With rapid development in cloud computing and access control, the security and controls market has transformed, in comparison to previous decade in India. Emerging cloud-based technologies provide web- and cloud-based solutions for cost-effectiveness, real-time analytics, easy access to data, integration with other systems & software, sharing of data internally & externally, scalability, and flexibility. Furthermore, initiatives undertaken by companies in India, coupled with awareness about cybercrime and security for data have been gaining ground in recent years. Companies are taking steps to secure enterprise information from various internal and external threats. Increase in awareness about cyber-crimes and data security is expected to drive sales of access control systems in upcoming years.
Furthermore, digitization of workplaces is growing steadily in India, and enterprises are adopting advanced access control technologies including biometrics and access control solutions. Moreover, acceptance and awareness about this technology has increased among industrial users in past few years. Rise in usage of biometric authentication using a range of different identification methods makes access biometrics more accessible in industrial workplace. Moreover, facial recognition technology is also being used by companies to identify their employees as soon as they enter into the organization. In addition, the COVID-19 pandemic has impacted a wide range of industry verticals and social distancing norms are transforming digitalization processes to ensure asset safety. The demand for access control in India has increased during the pandemic owing to increased awareness regarding smart solutions for enhancing security processes. TAdoption of contactless biometrics has increased in the pandemic due to social distancing norms.
Some of the key players profiled in the report include Honeywell International Inc., Robert Bosch GmbH, Johnson Controls, Tyco Security Products, Paxton Access Ltd., HID Global Corporation, IDCUBE, Siemens, Gallagher Security, RBH Access Technologies, ASSA ABLOY, Mercury Security, SOLUS, Suprema, Hikvision, IDEMIA, Mantra Softech India Private Limited, Dahua Technology Co., Ltd, ZkTeco Co., Ltd, Realtime Biometric, eSSL, Gemalto (3M Cogent), Godrej, and Virdi. These players have adopted various strategies to increase their market penetration and strengthen their position in the India access control industry.
Loading Table Of Content...
