Access Control Market Share

North American Market Forecast

The access control market share of access control in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 30% by the end of 2037. The growth of the market can be attributed majorly to the rising popularity of smart home devices. By 2023, at least 60 million US households are expected to be actively utilizing smart home technology, which is defined as using them at least once per month. Also, this is approximately a 3% increase over 2022, when around 57 million households were adopting smart home technology. Moreover, nearly 47% of all households in 2023 is anticipated to be households with smart home technology. On the other hand, the rising use of other smart home devices, such as mobiles and laptops is also expected to augment the access control market growth in the region. In the United States, around 48% that makes up half of American own a tablet. Moreover, seven out of ten own a laptop or desktop in the U.S. The most common devices used to access the internet are laptops and desktop computers.

APAC Market Statistics

The Asia Pacific access control market is estimated to be the second largest, registering a share of about 29% by the end of 2037. The growth of the access control market can be attributed majorly to the increasing use of access control across various end-user industries, such as BFSI, government, defense & military, and others. For instance, in order to enhance their current access control and staff management systems with contactless biometric access control, the Federal Bank Limited in India partnered up with IDEMIA, the world leader in augmented identity solutions. On the basis of IDEMIA's SmartBio SDK, this solution uses iris and facial recognition to verify employees' identities for access to the Core Banking System and attendance.

Europe Market Forecast

Further, the access control market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the access control market can be attributed majorly to the rising effort by the government to implement biometric control for identification. To construct the Common Identity Repository (CIR), the European Union announce to combine a variety of existing biometric databases. The CIR is likely to contain biometric information on 350,000,000 people (including EU citizens and non-EU citizens) and be accessible to all EU law enforcement and border control agencies. The database has biometric identifiers linked to identity information from passports and biographical documents including names and dates of birth.