According to a new market research report, “Electronic Access Control Systems (Authentication Systems, Biometrics, Card Based, Touch Screens & Keypads, Door Contacts, Intruder Alarms & Perimeter Security) Market: Global Forecast & Analysis (2012 – 2017), By Application & Geography”, the total market for Electronic Access Control System is expected to reach $16.3 billion by 2017, at a CAGR of 7.0%.
Browse 100 market data tables with 29 figures spread through 256 pages and in-depth TOC on “Electronic Access Control System Market”.
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The need for Electronic Access Controls has grown manifold in the wake of threats becoming increasingly complex. The threat to the public and private properties are coming both - from the cross border and their own citizens. EACS market includes authentication systems, intruder alarm and perimeter security systems as they monitor as well as prevent malicious activities. The main differences are that authentication systems are placed in-line and able to actively prevent intrusions that are detected using intruder alarms and perimeter security systems. As a consequence, the EACS market is witnessing a positive growth and increased adoption across the globe. EACS market is estimated to reach $16.3 billion by 2017, growing at a CAGR of 7.0% from 2012 to 2017. North America is leading the total EACS market; followed by APAC and Europe respectively. However, in APAC, revivals of stalled construction projects and infrastructural boom have opened new avenues for EACS market. The sudden civil uprisings in the Middle East and Africa are compelling the governments and enterprises to rethink of their security measures.
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An emerging trend with respect to the EACS market is the demand for integrated solutions that integrate immediate onsite response with electronic security and alarm systems. This growth is mainly attributed to heightened security concerns backed by government and regulatory mandates. The major players in the market include Bosch Security Systems (Germany), Siemens Building Technologies (Switzerland), Honeywell international Inc. (U.S.), Schneider Electric (France), Assa Abloy AB (Sweden), Tyco International (Switzerland), Magal Security Systems Ltd. (Israel), and Future Fibre Technology (Australia) among others.
Authentication systems are considered as extensions of intruder alarms & perimeter security systems as they both monitor as well as prevent malicious activities. The main difference here is that authentication systems are used in combination with intruder alarms whereas an intruder alarm can be used as a standalone security measure. This helps authentication systems to actively prevent/block intrusions that are detected.
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The report analyzes the EACS market; it covers authentication systems, intruder alarm, and perimeter security systems. Authentication systems are further segmented into Biometrics, Card-Based, TouchScreens & Keypads, and Door Contacts. EACS market is highly fragmented and comprises a large number of players across the value chain, thereby making it a highly competitive market. The market has rebound into a positive growth phase post recession and is set to continue growing on the back of heightened security needs, technological advancements, government mandates, and insurance regulations.
This report covers the market by technology, by applications, and by geography. In the technology segment, authentication system is the high growth market. This growth is attributed to stringent regulations for access control and identity management in high risk areas. In the application market, the U.S. is observed to have the largest market share with respect to EACS; while China is observed to have the highest growth rate. Under the EACS applications market that includes homeland security, commercial, industrial, and residential among others, the commercial segment commanded the largest share as of 2011. This segment is expected to grow at a CAGR of 8.3% from 2012 to 2017. The growth in the segment is mainly owing to increased need for enterprise level security and regulatory compliance.
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