The physical access control system (PACS) market is a growing segment of the broader access control industry, which is driven by the increasing need for secure and convenient access to physical spaces. PACS software is used to manage and control access to physical locations, such as buildings, data centers, and critical infrastructure.
The key drivers for the growth of the PACS software market include the increasing demand for security and safety in various applications, such as government, healthcare, education, and finance, as well as the need for seamless integration with other security systems, such as video surveillance and intrusion detection. In addition, the growing adoption of cloud-based solutions and the rise of mobile access control are expected to further fuel market growth.
The market is segmented by component, deployment model, organization size, and vertical. By component, the market is segmented into software and services. By deployment model, the market is segmented into on-premise and cloud. By organization size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. By vertical, the market is segmented into government and defense, commercial, industrial, residential, and others.
North America is expected to hold the largest share of the PACS software market due to the high adoption of advanced security technologies and the presence of major PACS software vendors in the region. The Asia Pacific region is expected to show the highest growth rate due to the increasing demand for security and safety in emerging economies such as China and India.
The major players in the PACS software market include Honeywell Security, Tyco International, Bosch Security Systems, NEC Corporation, Gemalto NV, HID Global Corporation, and Identiv, Inc., among others. These companies are focusing on strategic partnerships, product innovations, and mergers and acquisitions to expand their market presence and cater to the growing demand for PACS software.
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Key findings of the Physical Access Control System (PACS) market study:
- The report provides a present market outlook on Physical Access Control System (PACS). Additionally, the Physical Access Control System (PACS) market share is anticipated to grow with a CAGR of 10.3% in the forecast period.
- Regional breakdown of the Physical Access Control System (PACS) market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Physical Access Control System (PACS) vendors in detail.
- Region-wise and country-wise fragmentation of the Physical Access Control System (PACS) market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Physical Access Control System (PACS) market.
- Physical Access Control System (PACS) price, market share, and Trends forecast for assessment period 2022–2032
Top Companies are Johnson Controls International Plc., Paxton Access, Secugen Corporation, Zvetco Biometrics LLC., United Technologies Corporation (Raytheon Technologies), Honeywell Security, Allegion, Brivo Systems LLC, 3M Cogent Incorporation (Gemalto Cogent, Inc.), Acc-Time System Inc., Dormakaba Holdings, BOSCH, Axis Communications, Cross Match Technology Inc., NEC Corporation, Lumidigm, Inc. (Hid Global Corporation)
PACS Industry Research Segmentation
By Technology :
Keypads-based PACs
Card-based PACs
Biometric PACs
By Solution :
Hardware
Software
Services
By Sector :
BFSI
Healthcare
Manufacturing
Services, Communication & Media
Transportation & Utilities
Institution
Residential
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
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Competitive Landscape
Key players in the physical access control system industry are focusing on the development of advanced solutions. The need for automated and intelligent PACS is also growing as a result of the shift towards increasing manufacturing volumes.
- To increase their sales, companies manufacturing PACS are moving towards scalable and standardized solutions from individually customized prototypes. As such, this is expected to create high-profit opportunities for manufacturers of PACS.
- Assa Abloy, in August 2021, acquired Omni-ID in the U.S., which is a leading manufacturer of RFID tags and industrial IoT hardware devices.
In July 2021, Brivo and Altronix announced a strategic partnership that will help in the expansion of Brivo’s Hardware Ecosystem.