Need for better security systems to tackle fraudulence, illegal immigration, and criminal activity has propelled governments to invest in better security system. Among which Electronic Access Control (EAC) systems stand apart from other security systems. Security is one of the major concerns of governments and individuals. Security concerns prompt governments, financial institutes, corporates and residential buildings to install better security systems. EAC system refers to a method of using electronic or electromechanical hardware to allow restricted access into premises. Increasing crime and terror attacks demand high-end security. EAC systems offer certain advantages such as high accuracy, convenience, and time efficiency over other security products, which increase its attractiveness in the global security market. Governments and private sector across the globe are investing in better infrastructure facilities. Rising terrorist attacks, vandalism, and violence in public places such as city centers and educational institutions are some of the factors leading to increasing demand for Electronic Access Control systems market.
According to the Study of Terrorism and Responses to Terrorism (START), one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89% increase in fatalities caused by them over 2011. Construction of roads, residential buildings, healthcare centers and educational institutes are expected to increase in the coming future increasing the demand for EAC systems market in order to attain better security levels.
The government sector is amongst the largest end-user of the EAC system. Other users are corporate, banks, financial institutions, retail malls, multiplexes, IT industries, hotels, hospitals and restaurants. Household consumers have also started using EAC systems over the last few years. Increase in commercial and residential building construction will increase the demand for security systems, which in turn will drive the overall EAC systems market.
EAC system market is bifurcated, by process segment (authentication system (biometric and card based authentication system), intruder alarm system and perimeter security system (free standing, buried cable and fence mounted security system)) and end-user segment (government, commercial, industrial and residential) for the period from 2009 to 2019. In addition, the current EAC systems market dynamics including the drivers, restraints, opportunities and recent developments have been captured throughout the report. EAC systems market for each of the three regions, North America, Europe and Asia-Pacific includes historical and forecasted market sizes (2009-2019), in terms of value (USD million).
The Competitive Landscape section of the EAC systems market report includes different companies on the bases of their geographical presence and their presence in the number of product segments. Some of the major players in the EAC systems market are Tyco International Ltd., Godrej Industries Limited, Siemens AG, Honeywell International Inc., Hitachi, Ltd., United Technologies Corporation, Panasonic Corporation, Magal Security Systems Ltd., Cisco Systems, Inc. and Bosch Security Systems. The company profiles include attributes such as company overview, product and segments, financial performance, and strategic developments.
Key points covered in the report
The report covers geographic segmentation
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