Research and Markets has announced the addition of the "Global Electronic Access Control Market, 2014 to 2024" report to their offering.
The global electronic access control market stood at US$ 4,673.1 Mn in 2015 and is estimated to expand with a CAGR of 9.3% from 2016 to 2024.
The electronic access control market has been majorly driven by increasing need to achieve enhanced physical and data security at various residential, commercial, industrial and government and defense facilities. With increasing vulnerabilities in data security and rising need to secure data centers, electronic access control systems have gained immense popularity in the recent years. In addition, with the rise of innovative technologies such as sensors and biometrics, access control providers have been engaged in design and development of advanced access control solutions for various end-use industries. Moreover, the rise of web-based access control solutions has further fueled the adoption of access control due to its ease of installation, scalability and accessibility. Thereby, the access control as a service (ACaaS) segment has been identified as the most promising segment in the overall access control market across the world.
Some of the factors driving the growth in the electronic access control market include rising vulnerability of various buildings and facilities in terms of data security. Growing concerns pertaining to physical access to critical locations within the premises have compelled the deployment of advanced access control systems in various organizations. Despite the advantages, lack of technological awareness and hesitancy towards investing in latest IT solutions have restricted the growth in the access control systems market.
Key Trends:
- Increasing integration of access control systems with other physical security and surveillance systems.
- Rising adoption of sensor technology in the access control systems.
- Growing adoption of access control as a service (ACaaS).
- Development of applications making use of smartphones to offer higher degree of convenience to the users.
Companies Mentioned
- Assa Abloy Group
- Dormakaba Group
- ADT LLC dba ADT Security Services
- Allegion Plc.
- Bosch Security Systems
- 3M Cogent, Inc.
- AMAG Technology, Inc.
- Honeywell International, Inc.
- United Technologies Corporation
- Gunnebo Group
- Safran Group
- Stanley Security Solutions, Inc.
- Tyco Integrated Security
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Market Inclination Insights: Electronic Access Control Market
Chapter 5 Global Electronic Access Control Market Analysis, By Component
Chapter 6 Global Electronic Access Control Market Analysis, By Mode of Access
Chapter 7 Global Electronic Access Control Market Analysis, By End-use
Chapter 8 North America Electronic Access Control Market Analysis
Chapter 9 Europe Electronic Access Control Market Analysis
Chapter 10 Asia Pacific Electronic Access Control Market Analysis
Chapter 11 Middle East & Africa (MEA) Electronic Access Control Market Analysis
Chapter 12 Latin America Electronic Access Control Market Analysis
Chapter 13 Competitive Landscape
Chapter 14 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/kgktn5/global_electronic.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170417005548/en/
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Related
Topics: Physical
Access Control
