Artificial Intelligence
Access Control & Authentication Market Worth $22.7 Billion by 2027, Growing at a CAGR of 11.2% from 2020, Says Meticulous Research®
Redding, California, March 18, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled, “Access Control and Authentication Market by Technology (Biometrics, Smart Card, Electronic Locks), Component, Application (Residential/Commercial, IT, BFSI, Retail, Defense, Healthcare, Manufacturing, Hospitality) and Geography – Global Forecast to 2027”, published by Meticulous Research®, the access control & authentication market is expected to grow at a CAGR of 11.2% from 2020 to 2027 to reach $22.7 billion by 2027.
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Access control and authentication systems are the electronic systems designed to regulate unauthorized access to secured areas through a network. The system recognizes, authenticates, and authorizes access to a person to enter into the premise thereby giving complete protection and ensuring security with the system.
Factors such as growing acceptance for advanced ACA technologies including fingerprint recognition, face recognition, IRIS recognition, voice recognition, and smart cards along with consistently proliferating consumer demand for modern ACA devices; stringent government regulation for asset safety; growing investments, particularly in education, public sector, healthcare, and banking industries; and perpetual technological advancements in ACA technology are driving the growth of the access control and authentication market. Moreover, increasing strategic partnerships among players operating in this market and growing penetration of ACA products, particularly in hospitality, residential & commercial, government & public sector, and IT & telecom sectors are also contributing to the growth of this market. However, the high initial cost involved in deploying biometric access control systems and lack of awareness, especially in developing countries may limit the growth of this market to some extent. Moreover, increasing adoption of access control as a service and incorporation of contactless biometric access control devices with temperature and fever detectors are the latest trends observed in this market.
Impact of COVID-19 on the Access Control & Authentication Market In the first quarter of 2020, the world was hit by COVID-19. The outbreak was declared as the global pandemic by WHO as it spread across many countries. The COVID-19 pandemic has adversely hit almost every economy around the globe. The outbreak of COVID-19 has changed the world and significantly impacted daily lives of people globally. Government and enterprise organizations are undertaking new ‘social role and responsibility’ to keep people secure from potential COVID-19 infection. The impact of COVID-19 pandemic turned out to be worse than critical economic, strategic, and political upsets previously took place in modern history. Due to COVID-19 outbreak, the governments across the world are forced to shut manufacturing plants, retail stores, and import-export operations which has disrupted the overall supply chains and thus, affecting the demand and supply balance.
Key questions answered in the report-
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At present, any interaction or physical access of traditional access control and authentication devices poses a level of risk to spread multiple infection, including COVID-19, flu, or the common cold. The advent of coronavirus is pouring the need for contactless biometric access control devices as the consumers are hesitant to interact with shared contact-based authentication devices. The situation has been evolving in unpredictable ways, and the companies operating in this market are adapting to the new reality, anticipating and planning for various scenarios. Realizing the potential, several access control companies are upgrading their access control and identification systems with various temperature or fever detectors promoting the rapid adoption of these devices to offer new capabilities that respond to the regulation enforced due to the coronavirus pandemic.
Majority of access control and authentication companies are investing in modern contactless access control technologies to avoid any contamination due to coronavirus. In addition, the governments are determined to bring the businesses on track by introducing favorable policy & initiatives including reduction & ease in interest rate, exceptions in tax, aiding financial packages. Owing to this, the recovery of industries and especially access control and authentication sector is expected to regain their growth track after some hardline dip in their revenue in current as well in coming quarters. The positive impact will be perceptible which in turn encourage the growth of the access control and authentication market over the forecast period.
The global access control & authentication market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of technology (biometrics, smart card, electronic locks), component, application (residential/commercial, IT telecom, BFSI, retail, defense, healthcare, manufacturing, hospitality), and geography. The study also evaluates industry competitors and analyses the market at a country level. Based on technology, the biometric technology segment commanded the largest share of the overall access control & authentication market in 2020. The large share of this segment can be attributed to the increasing adoption of biometric recognition technologies including facial, voice, IRIS, fingerprint, palm & vein in security systems and increasing usage of biometric access control devices across several applications, such as border control, airport, payment, hospitals, commercial, and residential spaces. In addition, consistent efforts exerted by leading players for product development along increasing investment in the biometric technology are also encouraging the fastest growth of the segment in the overall access control and authentication market over forecast period.
Based on component, the hardware segment accounted for the largest share of the overall access control & authentication market in 2020. The growth of this segment is attributed to the continuous incorporation of the promising technologies including AI, IoT, and cloud computing coupled with their easy integration with access control devices; rapidly increasing urbanization particularly in the developing countries; and rising demand of robust construction and reliable performance controllers. However, the services segment is expected to register the highest growth rate during the forecast period, owing to increasing need for regular services to prevent system failure and the disruption caused by access control systems fail. Service offers several benefits including prolonged operating life, reduced cost owing to failures & disruption to business, and remote diagnostics reducing call-outs. Owing to the benefits offered by services, this segment is expected to grow with a considerable CAGR over the coming years.
Moreover, on the basis of type, the access control and authentication hardware market is segmented into readers, controllers, and integrated solutions. In 2020, the readers segment commanded the largest share of the access control and authentication hardware market. The high demand for enhanced security, technological advancements, and growing urbanization in developing countries are some of the major factors supporting the growth of this segment.
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Based on application, the residential and commercial segment commanded the largest share of the overall access control & authentication market in 2020. The large share of this segment is attributed to the increasing security concerns, growing investment in the security system, and increasing need for high-level access control devices coupled with increasing number of thefts. In addition, the easy availability and rapidly increasing adoption of access control devices in the buildings, & office premises coupled with the increasing awareness is also encouraging the fastest growth of the biometric access control technology market. With the growing adoption of access control devices particularly in the residential and commercial sector, several leading players are focusing on technological collaborations, partnerships, or acquisitions to strengthen the portfolio for residential and commercial access control solutions. Geographically, the Asia-Pacific region commanded the largest share of the global access control & authentication market in 2020. The large share of the region is primarily due to the rapidly increasing economy; increase of mobile communications network; and growing adoption of disruptive technologies such as in AI, IoT, and biometric. Besides, the easy availability of the access control devices has also encouraged the increasing adoption of access control and authentication devices in the region. Moreover, factors such as the presence of major access control companies and startups, consistent market specific product development, and increasing per capita consumption with large population base are further contributing to the fastest growth of the access control and authentication market in the Asia Pacific region over the forecast period. China is the major market for access control and authentication in APAC. In recent times, face recognition technology is achieving greater penetration in China. In China, the adoption of cameras to track passengers using facial recognition technology is on the rise, particularly at railway stations. Similarly, the technology is also being used to recognize and monitor homeless people on streets and parishioners in state-approved churches. Such growing adoption of facial recognition technologies is supporting the growth of the Chinese access control and authentication market.
The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past few years. The global access control & authentication market is consolidated and dominated by few major players, namely Bosch Security and Safety Systems (U.S.), Panasonic Corporation (Japan), Gemalto N.V. (Netherlands), Honeywell Commercial Security (U.S.), Axis Communications AB (Sweden), Genetec Inc. (Canada), Identiv, Inc. (U.S.), Suprema, Inc. (Republic of Korea), Zhejiang Dahua Technology Co. Ltd. (China), NEC Corporation (Japan), ASSA ABLOY (Sweden), AMAG Technology, Inc. (U.S.), Johnson Controls International Plc (Ireland), and Sensory, Inc. (U.S.), among others.
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Scope of the Report:
Access Control and Authentication Market, by Technology Access Control and Authentication Market, by Component
Access Control and Authentication Market, by Application
Access Control & Authentication Market, by Geography
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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