International. It is estimated that in 2019 the investment in Constrol's Access as a Service (AcaaS) proposal was US$620 million and of this approximately 40% was installed in North America. Demand is expected to rise to $1.6 billion by 2024.
Memoori's World Market 2020-2025 report on the physical security business shows that all kinds of organizations around the world are investigating how they can leverage the cloud, as it is proving to be a very attractive proposition.
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 attractive to end users, particularly those who are already accustomed to Enterprise Cloud services.
With ACaaS, end users no longer need internal IT departments to build and maintain servers and infrastructure on a commercial premises, resulting in more initial CAPEX. With cloud-based solutions, on-site servers and devices are eliminated; this should reduce the total cost of ownership without losing any functionality. Migrating to cloud services will also make integrating Access Control with enterprise systems like Identity & Access Management (IAM) more likely, extending the utility of building systems and adding more value.
ACaaS has penetrated the small and medium-sized construction sector, where tenants prefer a regular monthly rent payment rather than a one-time payment, which includes hardware and software service and maintenance. Current owners of access control and video surveillance systems who need to update their operations will increasingly investigate the "as-a-service" option.
Over the past twelve months, COVID-19 has depleted the financial resources of many of these customers, making reduced upfront costs even more attractive.
Access control has traditionally been provided through system integrators and while they are gradually being persuaded that the growth of ACaaS is inevitable, this process of widespread cloud adoption will take some time.
Source: Memoori.
