Market Research Report
Electronic Access Control System (EACS) Market (By Technology: Authentication Systems, Intruder Alarm Systems, And Perimeter Security Systems; By Application; By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024
|Published by||Variant Market Research LLP||Product code||573620|
|Published||Content info||125 Pages
Delivery time: 1-2 business days
|Electronic Access Control System (EACS) Market (By Technology: Authentication Systems, Intruder Alarm Systems, And Perimeter Security Systems; By Application; By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024|
|Published: October 12, 2017||Content info: 125 Pages||
Global Electronic Access Control System Market is estimated to reach $39.6 Billion by 2024 with CAGR of 13.1% between 2016 and 2024. Electronic Access Control System uses electronic or electromechanical system to permit limited access within the organization. These systems contain intruder alarm, authentication system, and perimeter security system. These systems offer a high-level security offering integration opportunity with structured automation and time management systems.
Growing demand for improved security and government policies for security issues is driving the electronic access control system market. Images with improved resolution and unchangeable personalization characteristics are some of the technological advancements in the electronic access control system. An emerging trend in these electronic access control system is the integrated solution for instant response with electronic alarm systems. However, lack of interoperability with current security systems is affecting the market growth. Moreover, high upfront cost and mounting market for alternate technologies such as near field communication (NFC) are posing challenge to the market growth.
The global electronic access control system market has been categorized as technology, application and geography. Technology segment is further bifurcated into authentication systems, intruder alarm systems, perimeter security systems, and others. Authentication system is further bifurcated into biometric system and card based system. On the basis of application, the market has been again segmented into government, commercial, industrial, residential, and others. By geography, the global electronic access control system market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World covers South America, Middle East, and Africa.
Key players in the global electronic access control system market Magal Security Systems Ltd., Tyco International, Assa Abloy AB, Future Fibre Technology, Schneider Electric, Siemens Building Technologies, Bosch Security Systems, Honeywell International Inc., Cisco Systems, Inc, Cognitec System GMBH among others.