Market Trends of North America Access Control Software Industry
Commercial to Hold Significant Market Share
- The United States is an early adopter of access control systems and software owing to the presence of several more significant market players. The commercial verticals, such as financial centers and banks, enterprises, hotels, malls, and retail stores, have a substantial presence in the country. For instance, Walmart, a leading retailer in the United States, has about 4,615 stores and employs approximately 1.6 million associates. Access control software has become crucial in tracking employees' entry and exit timings and protecting personnel against data breaches.
- As organizations return to the physical workplace, they adapt to new requirements and leverage the latest technology to alleviate employees' safety concerns. Several companies are structured hierarchically, and the most senior employees have higher clearance levels. The biometric access control software can access the right people and protect the privacy of more junior employees. Moreover, this software can limit lower-level employee access to specific information, protecting organizational privacy.
- Several regional offices have made it mandatory for their employees to have access cards. Furthermore, grants and subsidies provided by federal agencies play a significant role in helping governments finance their security initiatives. For instance, in August 2023, the US Department of Defense announced that civilian retirees must show a registered REAL ID card to access the base.
- As the number of commercial buildings increases in the region, there is an increase in access control systems to prevent unauthorized entries, encouraging commercial enterprises to adopt advanced solutions for access control. For instance, according to FMI Corporation, the value of new office construction in the United States stood at USD 78,144 million in 2023.
Understand The Key Trends Shaping This Market
Download PDF
United States to Hold Significant Market Share
- The increasing crime rate in the United States is propelling the market's growth in the region. The government is also interested in protecting its assets. Governments across the country have installed time-based access to particular premises restricting entry to the general public at certain places.
- The most common type of crime committed in the United States is property crime. According to the latest FBI statistics, more than 70% of property crimes were committed through theft and robbery. Most people are not at home when a break-in occurs. Therefore, home security systems are essential. The Department of Justice reported that just 27.6% of burglaries occurred when someone was home, and 65.1% of criminals knew the victim. Research by the Rutgers University School of Criminal Justice indicated that increased security alarm installation led to a drop in burglaries over five years. Hence, such trends are anticipated to encourage property owners to use advanced access control solutions to enhance the security of their premises.
- Considering the benefits of the technology, government entities are investing in access control systems and software to fortify critical infrastructure, protect public facilities, and ensure the safety of their residents.
- The substantial increase in data breaches in the country across various industries is increasing the adoption of biometric software by organizations, providing users with another layer of security to secure themselves. For instance, according to the Identity Theft Resource Center, in 2023, about 3,205 cases of data compromises were reported in the United States. Furthermore, during the year, over 353 million individuals were impacted by data compromises, including data leakage, breaches, and exposure. Access control software can significantly enhance data security by ensuring that access to the right place is given to the right individual. Hence, such trends also create a favorable ecosystem for the deployment of access control solutions in the country.
- Stricter fraud detection and risk analysis regulations drive access control software adoption in the BFSI segments. The presence of regulatory and corporate policies of businesses profoundly impacts the adoption of security-related infrastructure in the country. Several companies have already implemented facial recognition software for payment authentication, including PayPal, Mastercard, and Visa.
Get Analysis on Important Geographic Markets
Download PDF
