Memoori’s World Market 2020-2025 Report on the Physical Security business shows that all types of organizations across the world are investigating how they can leverage the cloud, as it is proving to be a very attractive proposition. We estimate that in 2019 ACaaS investment was worth $620 million and of this approximately 40% was installed in North America. Demand is expected to rise to $1.6Bn by 2024. As more IP Network access control systems are installed and the technology surrounding identity validation increases its penetration, the attraction of ACaaS and Managed Services has become more appealing to end users particularly those who are already used to Enterprise Cloud services. With ACaaS, end users no longer need internal IT departments to build up and maintain the servers and infrastructure at the business facility, which incurs more upfront CAPEX. With cloud-based solutions, onsite servers and appliances are eliminated; this should reduce the total cost of ownership while […]