Access Control Market Set to Grow Steadily Through 2029 Driven by Software and Commercial Sector Demand
• Global access control market projected to grow from $10.4B in 2024 to $15.2B in 2029, at a CAGR of 7.8% • Software segment expected to see highest growth due to cloud-based access control and management systems • Commercial sector (businesses, hotels, hospitals) to maintain largest market share due to security needs • United States predicted to hold major share of North American access control market • Market challenges include low awareness among potential customers about advanced security solutions