Physical Access Control System Software Market will Reach Revenues Worth US$ 19.6 Billion by 2031

According to a newly released market analysis, global demand for physical access control systems (PACS) increased by over 10% year over year (YoY) in 2021, reaching 2.2 million units. In 2021, demand for biometric PACS is expected to increase by 9% to 850 000 units, while demand for card-based PACS will increase by 12.5 percent to 960 000 units. Further reading: Zoho vs. Salesforce – How to Find the Right CMS Software.

In 2021, the global access control system market is expected to be worth over US$ 15.3 billion, with PACS accounting for nearly 45 percent of total value generation.

Access control systems are a critical factor for digital security and smart locks, according to nearly 45 percent of office workers.

Main Segments Covered in Physical Access Control System Industry Survey

• By Solution

  • Hardware
  • Software
  • Services

• By Technology

  • Keypad-based Physical Access Control Systems
  • Card-based Physical Access Control Systems
  • Biometric-based Physical Access Control Systems
    • Fingerprint Recognition
    • Face Recognition
    • Voice Recognition
    • Palm Recognition
    • Iris Recognition

• By Sector

  • BFSI
  • Healthcare
  • Manufacturing
  • Services, Communication, and Media
  • Retail & Other Corporate
  • Transportation & Utilities
  • Institutions
  • Residential

Competitive Environment

Honeywell Security, Allegion, Dormakaba Holdings, BOSCH, Johnson Controls International Plc, Paxton Access, Avigilon Corporation (Motorola Solutions), Axis Communications, Assa Abloy, Brivo Systems LLC, Aiphone Co. Ltd., 3M Cogent Incorporation (Gemalto Cogent, Inc), Acc-Time System Inc., Iris Id, Inc, Cross Match Technology Inc., Lumidigm,

PACS equipment manufacturers are adapting their capabilities to individual requirements as important end-use industries continue to grow at a rapid pace. Because of the growing demand for biometric and card-based physical access control systems, suppliers and manufacturers are expanding their investments in research and development (R&D) activities and technical developments in order to drive the demand-supply curve even higher.