Access Control Reader Market Size

Access Control Reader Market Size

Access Control Reader Market size was valued at USD 4.5 billion in 2023 and is estimated to register a CAGR of over 13.5% between 2024 and 2032. Smart cities prioritize the safety and security of their citizens and infrastructure. As urban areas grow and become more technologically integrated, there is a heightened need for advanced security systems including access control readers to manage & monitor access to sensitive areas, public buildings, and critical infrastructure. The expansion of smart cities and urban infrastructure is a significant factor boosting the growth of the market.

For instance, in October 2022, Honeywell collaborated with Accelerator for America to launch the Honeywell Smart City Accelerator Program, aiming to help cities strategically plan their futures and build capacity to fund transformational initiatives. To expedite the development of its strategic planning for smart cities, Honeywell collaborated with five American cities to offer in-kind support.

The cities are Waterloo in Iowa; Cleveland in Ohio; Louisville in Kentucky; Kansas City in Missouri; and San Diego in California. Smart cities aim to enhance public services and facilities, requiring controlled access to various community resources such as libraries, recreational centers, and public transportation systems. Access control readers facilitate this by ensuring that only authorized individuals can access these services, improving the overall efficiency and user experience.

Access control readers are being increasingly integrated with other smart city technologies such as IoT devices, surveillance cameras, and data analytics platforms. This integration allows for more sophisticated security and facility management solutions, contributing to safer & more efficient urban environments.
 

The initial costs for purchasing and installing sophisticated access control systems including advanced readers can be significant. This financial barrier can deter Small & Medium-sized Enterprises (SMEs) or organizations with limited budgets from adopting these technologies. Access control readers, particularly those utilizing advanced technologies including biometrics or mobile access, come with higher price tags.
 

The costs include hardware, software licenses, and integration capabilities. For organizations looking to secure multiple entry points, the cumulative expense can be substantial. The installation process for access control systems can be complex, requiring professional services for proper setup and configuration. This is especially true for systems that need to be integrated with other security measures or those installed in challenging physical environments.