The world is teeming with smartphones, with an astonishing 6.5 billion users globally. It’s no surprise that the mobile access control market is skyrocketing, projected to swell from $295 million in revenue in 2022 to over $750 million by 2028—a growth rate of about 17% annually.
This growth is happening even as this technology is still in its early stages. A recent study found that only 10% to 20% of integrators are using mobile credentials, compared to older technologies, suggesting a huge potential for expansion.
Mobile credentials, utilizing technologies like near field communication (NFC) or Bluetooth, are quickly becoming a preferred solution due to their flexibility, security, and ease of use. This shift is not only about adopting new technology but also about future-proofing security investments across various sectors.