A recent report that forecasts trends in the commercial security industry shows that all types of organizations across the world are investigating how they can better leverage the cloud, as it is proving to be a very attractive business proposition. The researchers who authored the report estimate that in 2019 ACaaS (Access Control as a Service) investment was worth $620 million, with approximately 40% of this cloud-based access control was installed here in North America. Demand is expected to rise to $1.6 billion by 2024.
Like the value proposition of other cloud-based offerings, ACaaS end users no longer need internal IT departments to build and maintain the servers and infrastructure on the business premises, which eliminates significant upfront capital expenditures. With cloud-based solutions, onsite servers and appliances are eliminated, and the research suggests that this should reduce the total cost of ownership without sacrificing any functionality. In the opinion of the analysts, migration to cloud services will also make the integration of access control with enterprise systems like identity & access management (IAM) more likely, extending the usefulness of building systems and adding more value over the life of the service.
ACaaS has recently gained market share in the small to medium building sector, in which tenants prefer a regular monthly service payment, which includes service and maintenance of both hardware and software. Existing owners of video surveillance and access control systems who need to upgrade their operations will increasingly investigate the “as a Service” option.
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