The need for excellent security has never been greater. Physical and virtual threats are ever-evolving, thus demanding right access control systems that can help businesses to secure physical and informational assets, cut personnel costs, and keep their staff and employees safe. The Indonesia Access Control Solutions Market is estimated to make a forward leap in its revenue from US$ 181.7 Mn in 2021 to US$ 320.1 Mn by 2027. The market is registering a growth at a CAGR of 9.6% over the forecast period 2022-2027. Access control is important because it reduces the risk of unauthorized access to computer systems and physical areas – thus, it is the foundation of data, network, and information security. Access control systems authorize and authenticate users by evaluating credentials such as passwords, PINs, security tokens, and biometric scans – among others. Often, these systems incorporate multi-factor authentication (MFA), which needs 2+ authentication factors. There are two basic categories of access control: physical and logical. Physical access control limits access to buildings, rooms, and physical IT assets. Logical access control limits connections to computer networks, system files and databases.
The market is majorly driven by factors such as rising technology penetration in Indonesia, increasing awareness regarding home security systems, and increasing deployment of cloud-based systems. Indonesia has become the largest spender on Information Technology (IT) in Southeast Asia. Internet contributed 3.6% of GDP in 2019 in the country. Moreover, Indonesia has 112% mobile penetration with a total of 266 million mobile subscribers and is world’s 4th largest mobile market. Thus, rising technology penetration is expected to propel the market growth. Further, rising frauds, cyberattacks, and government authentication mandates have increased awareness regarding security systems at homes and business premises. Access control management systems increase convenience and reliability by combining various technologies such as electric locks, readers, door sensors, video surveillance, video intercom panels and access control panels among others. In addition, access control systems store logs, data, credentials, and more info on a remote server through cloud-based software. And rising deployment of cloud-based sensors in Indonesia is accelerating market growth. Further, surging application of contactless biometric technology is presenting a lucrative opportunity for market expansion. However, the high initial setting up cost is hindering market growth.
Report Summary
The study of the Indonesia access control solutions market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the access control solutions market of Indonesia for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Indonesia Access Control Solutions Market across seven chapters and 103 pages. The report includes data presentation across 9 tables and 24 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers is low and threat of new entrants is high.
The subsequent section provides details of the market analysis based on different segments such as component and applications. The report includes a detailed study of value chain of the industry. It includes technology developers, integrators, service providers, and end users. The report also covers extensively about the key competitors in the Indonesia access control solutions market.
Key Takeaways from the Indonesia Access Control Solutions Market:
Impact of COVID-19
The pandemic initially created a slowdown in security and integration projects in Indonesia due to buildings being closed. However, the industry quickly saw a demand for access control solutions when the businesses began to reopen after the pandemic. Biometric methods, such as hand waving, iris scan and facial recognition readers, are poised for increased adoption. Further, cyberattacks and frauds have increased with the rising trend of work from home, thereby propelling the demand for advanced authentication and technology. Moreover, it is estimated that the demand for these solutions will further go up due to the shift towards digital identity management and verification systems.
Competitive Landscape:
The key competitors in the Indonesia Access Control Solutions Market are Golden Solution Indonesia, Thano Technologies, Avematic Security, HIT Corporation, Mandiri Citikom Indonesia, and Thales Group, among others. Through extensive research, it is found that big players have adopted various competitive strategies such as merger & acquisition in order to have a grip in the stabilized Japanese market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
The following are the different segments of the Indonesia Access Control Solutions Market:
By Component segment of the Indonesia Access Control Solutions Market is sub-segmented into:
By Application segment of the Indonesia Access Control Solutions Market is sub-segmented into:
Access control systems are important because they reduce the risk of unauthorized access to computer systems and physical areas.
There are two basic categories of access control: physical and logical. Physical access control limits access to buildings, rooms and physical IT assets. Logical access control limits connections to computer networks, system files and databases.
The Indonesia Access Control Solutions Market was valued at US$ 181.7 Mn in 2021.
The Indonesia Access Control Solutions Market is estimated to expand at a CAGR of 9.6% over the forecast period.
The market is majorly driven by factors such as rising technology penetration, increasing awareness regarding home security systems, and increasing deployment of cloud-based systems.
The high initial setting up cost is hindering market growth.
The segmentations considered to analyze the Indonesia Access Control Solutions Market are based on component and applications.
Hardware component dominates the market in 2021.
Commercial segment holds the highest market share in 2021.
The key competitors in the Indonesia Access Control Solutions Market are Golden Solution Indonesia, Avematic Security, HIT Corporation, Mandiri Citikom Indonesia, and Thales Group, among others.
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