The
global Electronic
Access Control systems market
was valued at $15,406.1 million in 2013 and is expected to grow
at a CAGR of 12.6% from 2014 to 2019. The market will reach an
estimated value of $31,187.8 million in 2019.
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the full Electronic Access Control Systems Report at
http://www.transparencymarketresearch.com/electronic-access-control.html
This
report covers in-depth market analysis, by end-user segment
(government, commercial, industrial and residential) and process
segment (authentication system (biometric and card based
authentication system) including, perimeter security system and
intruder alarm system (free standing, buried cable and fence mounted
security system) for the period 2009 to 2019. The current dynamics of
this market also includes the restraints, recent developments,
drivers, and opportunities, along with the historical and forecasted
market sizes (2009-2019), in terms of value (USD million).
Electronic
Access Control system refers to a method of using electronic hardware
to tolerate restricted access into secured premises. Security is the
major concern of individuals and governments, and with growing
vandalism, terrorist attacks, and violence in private or public
places, the need for efficient security systems is constantly on a
rise. Also, the need to tackle illegal immigration, fraudulence, and
various other criminal activities has driven the demand and growth
for Electronic Access Control systems.
EAC
systems are one of the most used security systems around the world.
They are deployed due to their authenticity and reliability. EAC
system is divided into three main technologies, perimeter security
system (free standing and buried perimeter security system),
authentication system (biometric and card based authentication
system), and intruder alarm system. The authentication system market
was the largest segment in 2013 growing at a CAGR of 13.1% from 2009
– 2013 and expected to reach a value $11.7 billion in 2013.
The
major end-users of EAC systems are the commercial sectors. The usage
of EAC system in this segment has increased by a CAGR of 13.9% during
2009 – 2013 to reach a value of $4.6 billion in 2013. Following to
the commercial sector is the industrial and government sects that
implement EAC systems on a large scale.
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The
market for EAC systems is expanding because these systems offer
certain advantages such as convenience, accuracy, and time-efficiency
over other conventional security products. Such aspects have
increased the attractiveness of this market on a global level. Many
private and government sectors are investing in construction and
infrastructure facilities to attain better security levels. Moreover,
advancement of sensor technologies and mobile devices is developing a
shift toward biometrics system. All such factors are expected to
increase the demand for EAC systems across several industry verticals
on a global level.
Browse
Article Electronic
Access Control Systems Market
http://www.transparencymarketresearch.com/article/electronic-access-control.htm
The
regional and competitive landscape section of the Electronic
Access Control systems market
report profiles different regions and companies based on their
geographical presence, as well as in the number of product segments.
Geographically, the Asia-Pacific EAC market is estimated to record
the highest CAGR growth of 16.7% in order to reach a value of $9.6
billion in 2019.
In
terms of value, the global Electronic
Access Control Systems market
grew from $10.1 billion in 2009 to $15.4 billion in 2013. The market
is expected to grow to $31.2 billion in 2019, increasing at a CAGR of
12.6%.
The
report details some of the key market players operating at a regional
and global level. Some of the major companies providing products and
operating globally under main EAC systems categories are Godrej
Industries Limited, Tyco International Ltd., United Technologies
Corporation, and Cisco Systems, Inc.
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