Security

Access-Control-as-a-Service Winning the Race to the Security Cloud

Memoori’s latest global report “The Physical Security Business 2019 – 2024” estimates that investment in Access-Control-as-a-Service (ACaaS) in 2019 was about $620 million and of that approximately 40% was installed in North America. Demand is expected to rise to $1.6Bn by 2024 at a CAGR of 20%. By 2024 demand for VSaaS will have reached $2.4Bn. This excludes investment in China. Whilst ACaaS started later than Video-Surveillance-as-a-Service (VSaaS) it has already achieved a higher penetration. The main reason for this is that it requires less bandwidth, but both services have met resistance from within the traditional routes to market of access control and video surveillance products. Growth has been driven by specialist companies such as Brivo and sister company Eagle Eye Networks that provide the total service from within. There is also evidence to suggest some integrators prefer to offer remote access control management services rather than a full ACaaS service; they claim that not […]

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