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Top Access Control Systems Vendors Identified by 360Quadrants
Access control systems are a security feature or a technique that regulates or controls the communication between users and systems. Access Control Systems restricts the entry of unauthorized individuals into restricted areas to protect people and assets. Access control systems are physical and logical. Physical access controls regulate access to locations or assets, such as campuses, buildings, rooms, and physical IT assets. Logical access uses software solutions and management systems to regulate connections to computer networks, system files, and data.
CATEGORIZATION OF ACCESS CONTROL SOLUTION VENDORS ON 360QUADRANTS
360Quadrants evaluated over 40 companies offering Access Control Systems of which, the top 25 companies were placed and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.
Assa Abloy AB, Johnson Controls, Identiv, Dormakaba Holding, Suprema HQ, Honeywell Security, Allegion, Nedap NV, Idemia, NEC Corporation, and Salto Systems have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.
Johnson Controls International Plc (Ireland) offers a wide range of fire & security products and installation &maintenance services. The company generates the majority of its revenue from installations &maintenance services and offers premium access control, video, and location-based tracking to customers in more than 150 countries. Its commitment towards quality and consistent improvement in products makes it one of the leading providers of security solutions. The company focuses on maintaining a multi-segment business platform to enhance the predictability and sustainability of its earnings and growth.
The access control systems market was valued at USD 6.94 billion in 2017 and is likely to reach USD 12.12 billion by 2024, at a CAGR of 8.24% from 2018 to 2024. access control systems find applications in various verticals, such as commercial, residential, healthcare, manufacturing and industrial, government, military and defense, education, and transportation. Infrastructure development in these verticals would boost the demand for advanced biometric solutions and smart locks.
Factors such as the adoption of access control as a service (ACaaS); implementation of mobile-based access control; and increasing urbanization in emerging countries are expected to provide huge growth opportunities to players in the access control market. Mobile-based access control makes the identity management process easier by integrating multilayered physical access control (PAC) and IT security into one system. Smartphones can be used as secure credentials for accessing buildings, doors, IT systems. Emerging nations are witnessing rapid urbanization with the development of smart cities. In emerging nations, the concentration of industrial development in cities leads to a growing demand for infrastructure. This infrastructure development would boost the demand for advanced biometric solutions and smart locks.
Top Companies in Access Control Solution will be rated using the following methodology -
A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).
A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturity and Company Maturity.
Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.
Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage, or sector footprint.
Approximately 20+ in-depth parameters will be considered for research for the Access Control Solution market. These parameters will be updated every six months to ensure the latest developments are taken into consideration.
A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:
Buyers
Industry Experts
360Quadrants Analysts
Vendors (Competitors)
The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
After the finalization of ratings, each vendor is placed in the most relevant quadrant based on its score.
About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt US $6.3 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 total buyers across various markets.
360Quadrants will also be launching quadrants in fields like Access Control Software, Cloud Computing Software, and Machine Vision Solutions.
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