Global Access Control as a Service (ACaaS) Market to Reach $3 Billion by 2027. Amid the COVID-19 crisis, the global market for Access Control as a Service (ACaaS) estimated at US$842. 3 Million in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at aCAGR of 19.
New York, Oct. 29, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Access Control as a Service (ACaaS) Industry” – https://www.reportlinker.com/p03704490/?utm_source=GNW
8% over the period 2020-2027. Managed Service, one of the segments analyzed in the report, is projected to record 15.2% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hosted Service segment is readjusted to a revised 24.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $227.5 Million, While China is Forecast to Grow at 24.4% CAGR
The Access Control as a Service (ACaaS) market in the U.S. is estimated at US$227.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$675.6 Million by the year 2027 trailing a CAGR of 24.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.9% and 17.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR.We bring years of research experience to this 19th edition of our report. The 151-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
Datawatch Systems Inc.
Forcefield Systems Inc.
Honeywell International, Inc.
Johnson Controls Inc.
Spica International d.o.o.
Vanderbilt Industries GmbH
Read the full report: https://www.reportlinker.com/p03704490/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Access Control as a Service (ACaaS)
Recent Market Activity
Types of Access Control as a Service (ACaaS) by Deployment Models
Hosted Access Control
Managed Access Control
Hybrid Access Control
Classification of ACaaS by Type of Server Hosting Model
Rack Server ACaaS Solutions
True Cloud ACaaS
Key Characteristics of True Cloud ACaaS
Types of Cloud ACaaS
Private Cloud AcaaS Solutions
Public Cloud AcaaS Solutions
Classification of ACaaS by Intended Application Area
Logical Access Control as a Service
Physical Access Control as a Service
Advantages of ACaaS Solution Over Traditional Access Control
Minimum Upfront Capital Costs
Low Maintenance Costs
Remote Support & Assistance
Thin Client Application
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Brivo Inc. (USA)
Centrify Corporation (USA)
Cloudastructure Inc. (USA)