Market Trends of Asia-Pacific Card-based Access Control Industry
Healthcare Industry Expected to Witness Significant Growth
- The healthcare industry, with its dynamic and varied staff, needs a reliable access control system that would boost security and increase productivity. The system ensures that only authorized staff may enter specific hospital locations using pre-defined user groups. Security managers, for example, are permitted access to the control room, while the medical staff is allowed access to the pharmacy. Hospitals can efficiently trace who enters the ward, determine if their visit is allowed, and, if required, refuse entrance due to comprehensive visitor management.
- Keyless entry enhances facility security. Securing a hospital, with its numerous access points, proves far more challenging with traditional keys than with card-based systems. Sealing a facility's exterior doors during an emergency is critical, as each door demands individual attention with a physical key. In contrast, card-based access systems offer heightened flexibility and swiftness in swiftly securing buildings and restricted zones.
- Installing smart cabinet locks can increase physical security at the rack level, particularly for hospital server rooms and document management systems. When properly implemented, access control systems prevent trespassers from physically accessing private medical information. Instant access to medical rooms or equipment might be crucial in a hospital or clinic environment. The authentication procedure must be quick and precise to restrict access points without slowing workflow. Clinicians can easily regulate admission using an access control system with contactless identification.
- Access control systems in hospitals commonly utilize proximity cards, smart card technology, or magnetic stripe cards. In a proximity or contactless smart card setup, hospital staff need only bring their ID badge close to a designated reader to enter a particular building or zone. Such systems offer precise control over access permissions, bolstering security across the healthcare facility or medical campus.
- Rigorous access control regulations must be followed in several hospital facilities. For instance, sensitive information is handled in medical research laboratories and operating rooms. Thus, anyone who gives in must be recognized. As a result, medical facilities use card-based access control solutions to authorize access to restricted areas.
- The increasing number of hospitals and clinics and rising spending on hospital security across the region are expected to create demand for the card-based access control market. For instance, according to the Ministry of Finance Japan, the Japanese government allocated approximately JPY 37.7 trillion (USD 0.23 trillion) from its yearly budget for the fiscal year 2024 toward social security, with roughly JPY 12.4 trillion (USD 0.077 trillion) of social security funds designated for healthcare, indicating a steady increase in these sectors.
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India Is Expected to be One of the Fastest Growing Markets
- Primarily owing to the rapidly growing security concerns, coupled with the increasing crime rates in the country, access control solutions are increasingly being deployed in data centers, office premises, hotels, entertainment stores, retail stores, government institutions, and banks, among others.
- Multiple factors, such as the increasing installation of these systems across the commercial and defense sectors, have been instrumental in driving the market’s growth. Various private and government entities are also significantly investing in enhanced security systems for data protection and to provide a safer and more secure environment for employees.
- The country's urban cities, including Hyderabad, Bangalore, Chennai, Delhi-NCR, and Mumbai, among others, are making impressive progress in advancing security systems pertaining to government buildings, IT hubs, and commercial spaces. The introduction of technologically advanced, contactless smart systems for various applications is further catalyzing product demand, owing to their seamless experience.
- The need for high-quality office space in key urban centers is expected to surpass current levels in the future as remote work becomes less of a factor in the Indian commercial real estate sector, further supporting the demand for a card-based access control market. According to IBEF, the demand for commercial real estate space in the top seven cities in India stood at 38 million square feet as of 2023.
- Moreover, CBRE reports a slight 3% year-on-year dip in office leasing activity, with a significant 25% quarter-on-quarter decline, bringing the total to 14.4 million square feet in Q1 2024. Bangalore led the space take-up, with Delhi-NCR and Hyderabad closely behind. Together, these three cities represented 65% of the quarter's leasing activity.
- In India, there has been a tremendous increase in the number of consumers onboarding the smart home revolution. While convenience is one of the factors, security is the top feature Indians look for in a smart home offering. Video door monitoring, motion-sensing cameras integrated with night vision technology, smart alarms, digital locks, windows, and alarms are among the range of electronic gadgets aimed toward enhancing the security of a house.
- Moreover, the country is increasingly adopting technologies in its industrial space, which is expected to further boost demand over the coming years. Residential and commercial space development is an application of access control solutions that have been witnessing a rise due to the launch of multiple construction schemes. For instance, the Indian government is working on several projects that overlook the development of the country's infrastructure through various government flagship programs, such as the 100 Smart Cities Mission and Make in India, among others.
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