Tag: ACaaS
Feenics ranks as one of Canada’s top growing companies
September 24, 2021SSN Staff
OTTAWA, Canada—Feenics, an Ottawa based provider of forward-thinking Access Control as a Service (ACaaS) solutions, today announced it placed No. 85 on the 2021 Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth and Feenics earned its spot with a three-year growth of 715 percent.
“We are ecstatic to once again be recognized as one of the fastest growing companies in the country,”...
ACaaS and mobile access adoption growing
August 15, 2018Paul Ragusa
Access-control-as-a-service (ACaaS) market revenues will increase to $950 million by 2022, and global mobile credential downloads are forecast to increase at a compound annual growth rate (CAGR) exceeding 100 percent from 2017 to 2022, according to recent findings from IHS Markit.
The London-based research firm found that small and medium-sized businesses are the leading adopters of ACaaS solutions, accounting for 21 percent of market revenues in 2017, with around 20 percent of the current installed...
Why managed access gets adopted, why it doesn't
January 7, 2015Martha Entwistle
Managed and hosted access control systems, or access control as a service "ACaaS" has been on the rise for some time now. IHS's Blake Kozak put out a research note today with some interesting ACaaS projections.
From the report: "IHS estimates that newly installed hosted and managed access control doors represented about 3 percent of the total new readers and electronic locks installed in the Americas in 2013. A total of about 80,000 doors of ACaaS were added in the region in...
Report: Growth rate for service offerings to soar
October 1, 2014Leif Kothe
WELLINGBOROUGH, England—The North American market for physical security equipment and services is poised to exceed $61 billion by 2018, up from $44.4 billion in revenues in 2013, according to a new report, “Physical Security Equipment & Services Report—2014,” from IHS Research, a market research firm based here.Service-based offerings are projected to further emerge as a defining feature of the North American market, their growth powered by manufacturers and service providers...
IMS study: ACaaS offers additional revenue and penetration
January 7, 2013SSN Staff
AUSTIN, Texas - Access Control as a Service generates additional revenues and end-user penetration opportunities that traditional control solutions do not, according to a recent study published by IMS Research.
“ACaaS presents more of a plug-and-play type installation and has opened up the market to the wider installer community including community locksmiths that have traditionally not installed access control hardware/software solutions,” said Blake Kozak, report author and senior analyst...
IMS Research clarifies the cloud
December 4, 2012SSN Staff
AUSTIN, Texas—A new report published by IMS Research, titled “The North American and European Markets for Access Control,” addresses some of the confusion surrounding cloud-based access control, according to an IMS statement.
The report distinguishes between two main types of access control as a service (ACaaS) offerings: true cloud and rack server. True cloud is defined as “multitenant,” which is when “one application serves all clients and each client's data...