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The ACaaS market in the North America expected to capture the largest market share during the forecast period

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The ACaaS market in the North America expected to capture the largest market share during the forecast period

May 29
12:48 2020

The ACaaS market in the North American region is expected to hold the largest market share between 2016 and 2022. The stabilized constructions in North America and convergence of mechanical and electronic security products for the same has been the key driving factor for the North American market. The European market is expected to capture the second-largest share during the forecast period. The commercial, government bodies, and manufacturing and industrial applications expected to be the leading segments in the European ACaaS market.

Currently, the ACaaS market is dominated by the players such as Brivo Inc. (U.S.), Cloudastructure Inc. (U.S.), Tyco Security Products (Ireland), Assa Abloy AB (Sweden), and Dorma + Kaba Holding AG (Switzerland), among many others.

Hosted services expected to lead the global ACaaS market between 2016 and 2022

The hosted services segment held a major share of the ACaaS market in 2015. As the hosted service is web-based, the clients need not to look after the maintenance of the server. This has been the key driving factor for the hosted service market. However, the managed services market is expected to grow at the highest rate during the forecast period.

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The ACaaS market for manufacturing & industrial application expected to grow at the highest rate between 2016 and 2022

There would be a significant rise in ACaaS market for manufacturing and industrial application between 2016 and 2022; The growth of the is attributed to the growing demand for access control system for protecting employees and properties across the manufacturing and industrial sites such as oil and gas, chemicals, pharmaceuticals, metal and mining, power, automotive, water treatment, cement, and textile industries.

 

The major players of the ACaaS ecosystem were identified across regions, and their offerings, distribution channels, and regional presence is understood through in-depth discussions. Also, average revenue generated by these companies, segmented on the basis of region, is used to arrive at the overall access control as a service market size. This overall market size is used in the top-down procedure to estimate the sizes of other individual markets through percentage splits from secondary sources directories, databases such as Hoovers, Bloomberg Businessweek, Factiva, OneSource, and primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview with industry experts such as CEOs, VPs, directors, and marketing executives for key insights.

 

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