From GlobeNewswire: 2025-04-23 09:15:00

The Access Control as a Service (ACaaS) Market is projected to reach USD 10.29 billion by 2032, growing at a CAGR of 22.59% from 2024-2032. Factors driving growth include demand for cloud-based security solutions and adoption of IoT and AI technologies. The U.S. ACaaS market was valued at USD 0.43 billion in 2023, with a projected CAGR of 22.38%.

Key players in the ACaaS market include Johnson Controls, Honeywell Security, Thales, ASSA Abloy AB, and dormakaba Holding AG. The market is segmented by service, deployment, and application, with key drivers being demand for cloud security and advanced authentication. The rise of AI smart cities and hybrid models also contribute to growth opportunities in ACaaS.

In 2023, hosted ACaaS services led the market with a 41.6% share, driven by cost-effectiveness and fast deployment. Managed services are expected to grow rapidly from 2024-2032. The public cloud dominated the market in 2023 with a 47.5% share, while the private cloud segment is projected to grow at the fastest CAGR. Commercial applications held a 25.5% share in 2023.

North America led the ACaaS market in 2023, driven by early adoption of cloud solutions and regulatory requirements. Asia Pacific is expected to see the highest CAGR from 2024-2032, with countries like China, India, and Japan investing in cloud-based security. Recent developments include Johnson Controls’ Security Lifecycle Management and Thales’ CipherTrust Data Security Platform enhancement.

For more information on the Access Control as a Service market, including detailed segmentation, regional analysis, and key industry players, visit the SNS Insider website. Stay informed about the latest market trends and developments in the industry with SNS Insider’s comprehensive market research reports.



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