Commercial vertical holds a strong market share

The commercial vertical comes out on top as the largest market share in the ACaaS market during the forecast period according to the research. This can be attributed to the increasing need for secure access management solutions across commercial buildings, offices, and retail spaces. Scalability, cost-effectiveness, and even remote access management abilities are making cloud-based ACaaS increasingly attractive within this segment. With increasing urbanisation and infrastructure development, coupled with the trend of smart buildings, demand for advanced security systems is rising in the commercial segment, which is further basing its strength in the ACaaS market.

Hybrid services segment holds most potential

A hybrid access control service may be marked as a combination of both hosted and managed access control. In this type of access control, a certain part of the access control system is handled by the end user while the rest of the function is outsourced to a third-party vendor. In this model, permissions are not directly associated with the attributes or the roles. In dynamic role assignment, roles are assigned to users based on the attributes provided by the user, which are then adopted for authentication purposes. Once the roles are assigned, authorisation starts whereby the user is granted access based on the assigned roles. The hybrid access control service will act as a catalyst in driving better threat visibility, rapid and effective attack response, minimizing cyber security risks, and being compliant with the latest regulations and standards.

Asia Pacific shows the strongest geographical growth

In Asia Pacific, China is amongst the largest countries in the world and one of the largest manufacturers and producers of industrial goods. ACaas has grown and developed immensely in the recent years as, to address margin-related issues that Chinese suppliers have been causing, lately manufacturers are adopting cloud-based solutions. The large-scale industrialisation of the country has given birth to the growing need for security systems. Thirdly, consistent R &D expense resulted in the innovation of highly sophisticated systems that can meet the diversified user needs. In government sectors, access control systems have been employed to raise security measures and take instantaneous action against looming threats.

Key players

Some of the key companies operating in the ACaaS market and named within the research are Johnson Controls, Honeywell International, Thales, Assa Abloy, Dormakaba, Identiv, Kastle Systems, AMAG, Brivo Systems and Cloudastructure, amongst others.