India Access Control Market Expected to Reach $313.11 Million by 2030

According to a recent report published by Allied Market Research, titled, “India Access Control Market by Component, Type, and Industry Vertical: Country Opportunity Analysis and Industry Forecast, 2021-2030,”  

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 system recognizes, authenticates, and authorizes entry and exit of an authorized person into the premises ensuring complete security. The access control systems can either use biometric or proximity/smart cards. Owing to the rising security concerns, along with increasing crime rates in India, these devices are majorly deployed in data centers, offices, hotels, retail stores, entertainment stores, government institutions, and banks.

Several factors, such as rapid installation of access control systems across commercial and defense sectors currently propel the India access control market growth in India. Various private and government entities are investing in enhanced security systems for data protection and providing a safer and secure environment for their employees. Urbanized regions of the country such as Hyderabad, Chennai, Bangalore, Delhi-NCR, and Mumbai have made impressive progress in advancing their security systems, pertaining to government buildings, IT hubs, and commercial spaces. Moreover, introduction of technologically advanced, contactless smart cards for diversified applications further catalyzes product demand, based on their user-friendly and seamless experience. Apart from this, owing to the escalating crime incidents in the country, various commercial premises such as IT companies, enterprises, and data centers are installing access control systems to protect personnel and data breaches as well as for recording entry and exit timings of employees.

On the basis of type, the biometric based segment is expected to grow at a fastest rate during the forecast period. This is attributed to the fact that access control software in a biometric door reader assures that the right person enters rather than right credential. With a biometric reader, users do not need two-factor authentication or pass-back control as it authenticates a person’s identity.    

The India access control market has been positively impacted by the COVID-19 outbreak. This is attributed to the fact that COVID-19 has increased awareness of all the things that people touch throughout the day such as door handles, light switches, and others. Innovating new ways to reduce contact is essential in a post-coronavirus world, especially in the places where people spend majority of their time such as offices, schools, apartment buildings and retail shops. Access control offers several hands-free options that help to reduce the spread of virus and is appreciated by customers, tenants, and clients.

Key findings of the study

• By component, the hardware segment led the India access control market, in terms of revenue in 2020.
• By type, the card- based segment accounted for the highest India access control market share in 2020.

The key players profiled in the India access control market analysis are 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 industry.