Access Control as a Service and mobile access technologies “propelling themselves towards mainstream adoption” reports IHS Markit
IHS Markit has published a report that claims Access Control as a Service (ACaaS) and mobile access technologies are propelling themselves in tandem towards mainstream adoption. The report estimates that ACaaS market revenues will increase to reach $950 million by 2022, with strong growth expected for the mobile access market.
Small and medium-sized businesses are the leading adopters of ACaaS solutions, accounting for 21% of market revenues in 2017, while mobile credential downloads are forecast to increase at a compound annual growth rate exceeding 100% from 2017 through until 2022.
The study claims that around 20% of the current installed base of access control readers will be ‘mobile capable’ by 2022.
Demand for ACaaS has grown over the past five years, and this growth is expected to continue. While there have been relatively few attempts to combine ACaaS solutions with mobile access despite their apparent synergies due to both technologies being relatively new, this type of integration is forecast to become more common in the future.
A significant segment of ACaaS end users opt for fully-managed solutions. Providers of these managed solutions can benefit from the ability to issue and decommission credentials remotely, allowing them to lower management costs.
Both mobile access and ACaaS are typically sold via subscription or using recurring fee-based pricing models. Adding mobile credentials to an ACaaS contract would not be an issue for an integrator and, as mobile access becomes more popular, end users are likely to become more familiar with the recurring fee pricing model.