Market Trends of Europe Access Control Software Industry
Commercial to Hold Significant Market Share
- Commercial real estate is increasing in major regional cities and is adapting to new conditions and demands. As the number of commercial buildings is increasing in the region, there is a growing need for access control systems, thereby increasing the demand for access control software. For instance, according to the European Public Real Estate Association (EPRA), in 2023, Germany was the leading country in terms of the value of the commercial real estate market (USD 1,909.07 billion), followed by countries such as the United Kingdom, France, Italy, and Spain.
- Access control systems have become the most convenient method of managing access to business premises, offices, and businesses. An access control system can be developed to limit physical access in IT rooms where confidential data is gathered. The market is expected to flourish due to increasing security consciousness, growing demand for high-level access control systems, and adoption by commercial enterprises of access control equipment.
- Although the region was halted for several months during the initial phase of the pandemic, Europe's commercial real estate industry has been recovering. The United Kingdom, Germany, France, and Sweden were among the major European markets where investment volumes have spiked post-COVID-19.
- A significant factor driving the demand for commercial spaces in Europe is a more substantial footprint of the startup ecosystem. For instance, according to the Global Entrepreneurship Monitor, in 2023, Latvia (14.3%), the Netherlands (13.7%), and Croatia (13.2%) were among the top three countries in terms of the percentage of adult population engaged in business startup activities in Europe.
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United Kingdom to Hold Significant Market Share
- The access control software market in the United Kingdom has become a core aspect of today's security systems, which offer modern features and unprecedented efficiency when securing spaces. Owing to the increasing threats of unlawful activities in public places and the increasing number of initiatives taken by the private sector to improve the security of business activities and related data, the need for access control systems continues to grow at an accelerated rate, thereby increasing the need for access control software.
- According to the employee fraud data by the Office for National Statistics (UK), 6,558 instances of thefts by employee offenses were reported in England and Wales in FY23, compared to 5,633 in the previous reporting year. Due to increasing employee theft, several companies offer access control services in the security field, which different businesses can install. Other access control systems come with various identification software.
- The healthcare industry in the United Kingdom relies on access control solutions to protect patients' data, safeguard access to medication rooms, and maintain a secure environment for patients and staff. Reducing the risks of data breaches and compliance with privacy rules is possible by implementing access control software at healthcare facilities.
- The country is witnessing an increase in several data breaches. According to SufShark, a VPN service provider, in 2023, about 1.5 million data records were exposed in data breaches in the United Kingdom. Owing to such trends, organizations in the country are expected to enhance their adoption of access control systems to provide enhanced security, thereby creating an opportunity for the access control software market in the country.
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