With half a stride towards 2021 under current socio-economy ambient, the industries are seeing greater focus on protecting premises, equipment, assets, and on-site valuables more than ever. Universalization and advancement of technology is accelerating deployment of more robust, comprehensive, and multifaceted approach unto security, by utilizing latest and unparalleled algorithm.
This is mainly attributed by the fact that majority of users and organizations across the industries demanded controlled access at one point or another for designated areas and premises. Whether you are investing in biometric scanners, traditional locks, perimeter access control or even video surveillance, access control is essential for taking physical security to the next level.
While access cards play a baseline role in the entry-level access control market, some establishments are attracted to higher security means such as secured proprietary technology and smartphone Bluetooth-enabled technology, giving customers secured and frictionless access on their premises.
The overall access control market is expected to grow from USD 7.5 billion in 2018 to USD 12.1 billion by 2024, at a CAGR of 8.24% from 2018 to 2024. The growth of the market is driven by high adoption of access control solutions owing to increasing crime rates globally; technological advancements and deployment of wireless technology in security systems; and adoption of IoT-based security systems with cloud computing platforms. 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 market players.
Access Control as a Service gives administrators the ability to manage the system and review logs anytime, anywhere, through a web browser. Access Control as a Service also enables management of all facilities in a multilocation business from a central location. Systems even allow users to use their smartphones to verify their identity access.
As socio-economic model evolves, demands for system security and tracking over ever moving premises or mobile plant is becoming the next big thing. This, is currently being accelerated by industrial movement towards having UID-based solution platform achieving greatest System Interoperability, where On-Time Tracking of all access points is monitored 24/7 under unified tools and solutions, empowering System Operator greater controls over 5Ws of each and every users and access points.
Facial Recognition Access Control
Facial recognition technology is evolving rapidly with the application of AI and machine learning. Facial recognition access control systems can be integrated with virtually any existing access control system and, when paired with deep learning technologies, can provide an excellent level of performance in detecting and matching faces.
Analytics and Intelligence
By the end of 2020, identity analytics and intelligence (IAI) tools are likely to deliver direct business value beyond access and governance tools in 60% of enterprises. Gartner’s research recognizes enterprises must provide a “who” view based on analysis. Identities must be indexed in a way that dovetails with business operations through intelligence features.
The Advent of Internet of Things (IoT)
The Internet of Things (IoT) has been a major trend for the past few years in many industries, and this will continue as multiple types of security sensors are added to existing sensors. The collection and analysis of the data collected by these sensors is giving rise to numerous applications such as industrial applications, intelligent building management, event management, and much more.
Cloud and Mobile
Mobile applications are critical for physical security and this trend is rapidly growing through the development and use of cloud-based services, as well as the ability to access security devices through a smart phone or Web-based browser. This trend will continue and indeed make itself more prevalent he world’s demand for mobility, connectivity, and ease-of-use.