Access Control as a Service Companies - Johnson Controls; Honeywell Security are the Key Players

The Access Control as a Service (ACaaS) market is projected to grow from USD 1.34 billion in 2024 and is projected to reach USD 3.06 billion by 2029; it is expected to grow at a CAGR of 17.9% from 2024 to 2029. The major factors driving the market growth of the access control as a service market include the increased adoption of IoT-based security systems and cloud computing platforms, expansion of smart infrastructure, and shift toward subscription-based business models

The major players in the access control as a service market with a significant global presence are Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Thales (France), ASSA ABLOY Group (Sweden), and dormakaba Group (Switzerland), Identiv, Inc. (US), Kastle Systems (US), AMAG (US), Brivo Systems, LLC. (US), and Cloudastructure Inc., etc. The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the access control as a service market. The organic and inorganic strategies have helped the market players expand globally by providing advanced access control as a service solutions.

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Major Access Control as a Service (ACaaS) companies include:

• Johnson Controls Inc. (Ireland)
• Honeywell International Inc. (US)
• Thales (France)
• ASSA ABLOY Group (Sweden)
• dormakaba Group (Switzerland)
• Identiv, Inc. (US)
• Kastle Systems (US)
• AMAG (US)
• Brivo Systems, LLC. (US)
• Cloudastructure Inc. (US)

Johnson Controls Inc.

Johnson Controls Inc. is an international leader in the design, manufacture, and installation of products and systems for buildings, including residential and commercial heating and cooling systems, industrial refrigeration systems, control and security systems, and fire detection and suppression systems. Customers are also given technical services of the company, equipment maintenance management, repair retrofit, and replacement in the HVAC industrial refrigeration space, security, and fire-protection energy-management consulting, as well as data-driven smart building services and solutions powered by its OpenBlue software platform and capabilities. Diversified products of the company are sold under the YORK, Hitachi Air Conditioning, Metasys, Ansul, Ruskin, Titus, Frick, PENN, Sabroe, Silent-Aire, Simplex, and Grinnell brands.

The company operates its business through four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products. It offers Acaas globally under its Global Products segment Additionally, the company has its presence in more than 150 countries worldwide along with ADT Security Services S.A. (Argentina), Tyco Fire & Security Pty Ltd. (Australia) and Exaco Technologies, Inc. (US).

Honeywell International Inc.

Honeywell International Inc. has been in years of business in designing and producing innovative products and solutions to attain its environmental, social, and governance objectives.

The company's business operations are organized into business segments: Aerospace, Performance Materials and Technologies, Honeywell Building Technologies, Safety and Productivity Solutions, and Corporate and All Other. The company offers access control as a service solution in its’s Honeywell Building Technologies segment. Honeywell Building Technologies is the licensing provider of software and connected solutions that make buildings and environments safer, more energy-efficient, and sustainable. Its product portfolio comprises access control, video surveillance, fire safety systems, and Honeywell Forge solutions that enable digital building management, smart maintenance, and enhanced security through the connection of data coming from various assets for optimized performance.

Thales

Thales Group is a French international company designed to develop, manufacture, and market electric systems, appliances, and equipment in the fields of aerospace, transportation, defense, and security. Thales operates within four business segments: Aerospace, Defense & Security, Digital Identity & Security, and Other. Four major segments organize these activities within the company: Aerospace, Defense & Security, Digital Identity & Security, and Other. The company sells access control as a service in the Digital Identity & Security segment, which includes its DIS solutions for verifying identities of people and objects; authorizing access to digital services; analysis of vast quantities of data; and encrypting the data. The segment has cloud protection, software licenses, and access management and data encryption among other software license distribution solutions.

ASSA ABLOY

ASSA ABLOY is primarily involved in the production and sale of door opening solutions, that include access control, mechanical and electromechanical locking, identification technology, entrance automation, security doors, mobile access systems, and hotel security. It operates in 70 countries, working on the continent as well as regions of Europe, North and South America, Asia and Oceania. The company is divided into four business areas: Mechanical locks, systems and fittings, Entrance automation, Electromechanical and electronic locks, Security doors and hardware. ASSA offers a wide range of mechanical and electromechanical locks, electronic access control systems, digital door locks, security doors, entrance automation systems that are mainly associated with identity and access management, identification products, hotel security, secure identity solutions, tools for identity and access management, biometric systems, government IDs to create authenticity and protection, and more. Its major series of access control system platforms include CLIQ, Seos, Aperio, and Accentra. The company operates on two big brands: Yale and HID. HID covers secured identities and access management. Yale covers residential products and services.

Dormakaba Group

The Dormakaba Group is a security group found through the merger of the Kaba Group, Switzerland, with the Dorma Group, Germany. The company operates through four major business segments: Region Americas, which involves North and South America; Region Asia Pacific, which includes Asia Pacific and the Middle East; Region Europe and Africa; and Key & Wall Solutions that mainly deals with keys, key cutting machines, automotive solutions, acoustic movable partitions, and horizontal and vertical partitioning systems.

The global access solutions portfolio by dormakaba ranges from door solutions, such as automatic door systems, swing and revolving doors and their operators, a wide variety of fittings, door closers and stoppers, and locking systems-from cylinders, keys, and locks all the way to fully networked and cloud-based electronic access solutions and ecosystem solutions. It also offers solutions for a free-flowing traffic, such as sensor barriers, speed and self-boarding gates, high-security locks, workforce management solutions, and services for all of these applications.

Related Reports:

Access Control as a Service (ACaaS) Market by Hosted, Managed, Hybrid, Card-based, Biometric Reader, Electronic Lock, Mobile Access, Public & Private Cloud, Single-factor, Two-factor, Multi-factor Authentication, Passwordless- Global Forecast to 2029

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