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Canada Access Control Market Analysis

The Canada Access Control Market size is estimated at USD 0.34 billion in 2024, and is expected to reach USD 0.53 billion by 2029, growing at a CAGR of 9.23% during the forecast period (2024-2029).

• The market for access control is witnessing growth in Canada owing to increasing security concerns, technological advancement, regulatory compliance, and smart building initiatives. Moreover, as businesses increasingly recognize the importance of securing their premises and protecting sensitive information, the corporate sector is investing more in advanced access control devices to ensure that only authorized personnel can access certain areas.
• Access control is an electronic system that allows authorized personnel to enter restricted, controlled, or secure spaces by presenting an access card to a credential reader. Organizations use access control systems that depend on access card readers, user credentials, auditing, and reports to track employee access to controlled business locations and proprietary areas, such as data centers, to secure a facility. Some of these systems include access control panels to restrict entry to rooms and buildings, alarms, and lockdown capabilities to stop unauthorized access or operations.
• The Internet of Things (IoT) has increased the efficiency and standard of automation systems by enabling secure data exchange and tying smart objects to the Internet. Cloud-based communication between connected security systems and devices makes remote monitoring of critical areas possible. Using password authentication to thwart hacking makes IoT-based security systems secure. Because IoT can be used in various solutions, such as smart alarm systems and garage door openers, it is replacing many businesses' traditional processes.
• Moreover, the increasing government investments toward infrastructural developments are expected to boost the demand for access control solutions in the country during the forecast period. Some such projects in the country include Ottawa Civic Hospital, Windsor Acute Care Regional Hospital, an extension of the blue line of the Montreal Subway Network and construction of subway stations, and expansion of the international airport in Saint Laurent, among others. 
• According to a recent article in Drug Diversion Digest, hospitals, medical institutions, ambulance services, long-term care facilities, and pharmacies accounted for over 70% of prescription tampering, fraud, and theft. Several hospitals are using access control systems to reduce these dangers. Hospitals can lower the risk of abuse or theft by digital monitoring and restricting access to medication cabinets and dispensaries. Genetec is a Canadian company helping the healthcare industry of Canada to prevent this.
• The Canadian government is using biometrics increasingly. For instance, iris scans are utilized in the CANPASS and NEXUS border clearance programs, fingerprints and iris scans are used to limit entry to secure airport areas, and digitized face pictures for electronic or e-passports are being suggested. Often, biometric technology is used to identify people or to confirm that they have the right to perform tasks, like driving a car or entering a secure or restricted area.
• However, the upfront cost of implementing advanced access control systems, including hardware, software, and installation, can be significant. This can be a deterrent for small and medium-sized businesses with limited budgets. Additionally, integrating new access control systems with existing infrastructure and other security systems can be complex and challenging. Compatibility issues and the need for specialized technical expertise can hinder adoption.
• Rising inflation rates have increased the cost of goods and services, including access control systems. Higher costs lead to reduced purchasing power for consumers and businesses, slowing down the market鈥檚 growth. Furthermore, the war between Russia and Ukraine disrupted the global supply chain, particularly affecting the availability and cost of electronic components and raw materials used in access control systems. This is leading to delays in production and increased costs for manufacturers.

Canada Access Control Market Trends

Smart Card Segment is Expected to Register Significant Growth

Canada Access Control Industry Segmentation

The study tracks the revenue accrued through the sale of access control devices by various players in Canada. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report鈥檚 scope encompasses market sizing and forecasts for various market segments.

The Canadian access control market is segmented by type (card reader and access control devices [card-based, proximity, and smartcard], biometric readers, electronic locks, software, and other types) and end-user vertical (commercial, residential, government, industrial, transport and logistics, healthcare, military, and defense, and other end-user verticals). The market sizes and forecasts are provided in terms of value (USD) for all the segments.