The global access control as a service (ACaaS) market is set to grow during the period 2016-2020, mostly due to the growing need for high-level data and identity security in corporate firms, the latest IT security industry report from Technavio has been able to reveal.
The research revealed that small and medium-sized businesses (SMBs) are more likely to adopt ACaaS solutions due to their cost-effectiveness, while the increased use of mobile devices for professional and personal use also a major contributing factor to the growing demand for ACaaS solutions.
An increasing amount of critical and confidential data is being transferred on corporate networks, compelling large enterprises and SMBs to implement ACaaS. Enterprises are also adopting ACaaS for greater control over access to applications and sensitive information from remote locations.
This market is likely to witness immense growth during the forecast period as more SMBs and large enterprises are predicted to implement ACaaS. The extensive use of the Internet and advantages of cloud-computing services are expected to play a key role for this market’s growth until 2020.
In 2015, the Americas accounted for the largest market share with around 47% of the overall revenues in the global ACaaS market. EMEA followed with 29.4% and APAC held approximately 23.3%. However, the market share of the Americas is likely to decline by the end of 2020 due to market saturation.
Conversely, the market share of APAC is estimated to increase during the forecast period due to the growing adoption of mobile devices by SMBs in countries such as, Japan, Malaysia, Singapore, Indonesia, and India. Over the next four years, the market share of EMEA is also likely to decrease due to economic uncertainty in parts of Europe and political uncertainty in MEA countries such as Yemen, Egypt, Syria, and Turkey.
Tensor plc – Your top partner for secure Access Control
Tensor plc is the No.1 British designer and manufacturer of proximity access card – based access control and time and attendance terminals. We supply top-quality, reliable and secure Access Control Systems, delivering complete control of a single internal door through to a fully computerised, multi-site network of control points, while also offering full support for mobile access control systems.
Operated by contactless smart cards, key fobs or biometrics, a Tensor Access Control System gives you full control over who is allowed access through any controlled point at any time of any day, placing it at the forefront of security solutions.
Tensor Access Control is modular in design, and has the advanced capability of being able to be adapted and extended to integrate with a time and attendance system seamlessly and without complication.
If you’d like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we’d be more than happy to answer all of your questions and queries.