Quantcast

Electronic Access Control Systems Market is Expected to Reach USD 31.2 Billion Globally in 2019: Transparency Market Research

July 7, 2014

ALBANY, New York, July 7, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Electronic
Access Control Systems Market Global Forecast, Market Share, Size, Growth and Industry
Analysis, 2014 – 2019,” the global Electronic Access Control systems market was valued at
USD 15,406.1 million in 2013 and is expected to grow at a CAGR of 12.6% from 2014 to 2019,
to reach an estimated value of USD 31,187.8 million in 2019.

Browse the full Electronic Access Control Systems Report at

http://www.transparencymarketresearch.com/electronic-access-control.html

Rising terrorist attacks, vandalism, and violence in public places such as city
centers, educational institutions have made security as one of the major concern for every
individual, organizations and government agencies. Advantages such as high accuracy,
convenience, and time efficiency of Electronic Access Control (EAC) systems increase its
attractiveness in the global security market. Need for better security system to tackle
fraudulence, illegal immigration, and criminal activities have prompted the government to
invest in better security systems among which EAC systems hold a major market. According
to 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. Increasing crime and terror attacks demand high end security.

EAC system offers certain advantages such as high accuracy, convenience, and time
efficiency over other security products, which increases its attractiveness in the global
security market. Governments and private sectors across the globe are investing in better
infrastructure facilities. Construction of roads, residential buildings, healthcare
centers and educational institutes is further expected to increase demand for EAC systems
in order to attain better security levels. Advancement of mobile devices and sensor
technologies is currently generating a shift toward biometrics system. EAC system is
majorly divided into three major technologies, authentication system (biometric and card
based authentication system), intruder alarm system and perimeter security system (free
standing, buried cable and fence mounted security system).

The global market for EAC system in value term grew from USD 10.1 billion in 2009 to
USD 15.4 billion in 2013, and is expected to grow to USD 31.2 billion in 2019 growing at a
CAGR of 12.6%. The authentication system (largest market in 2013) increased by 13.1% CAGR
during 2009-2013 to reach USD 11.7 billion in 2013. The Asia-Pacific EAC systems market is
expected to record the highest CAGR growth of 16.7% to reach USD 9.6 billion in 2019.
Usage of EAC system in commercial sector (largest end-user in 2013) increased by 13.9%
CAGR during 2009-2013 to reach USD 4.6 billion in 2013. EAC systems market is fragmented
with several players operating at global or regional level.

Related & Recently Published Reports by Transparency Market Research

        - Refrigerated Display Cases Market:

http://www.transparencymarketresearch.com/refrigerated-display-cabinets.html

        - Fencing Market:

http://www.transparencymarketresearch.com/fencing-market.html

        - Household Cooking Appliances Market:

http://www.transparencymarketresearch.com/household-cooking-appliances-market.html

EAC systems are the most used security systems across the globe due to reliability and
authenticity. The major end-users of EAC systems is the commercial sector followed by
government and industrial sector. Most of the companies produce different types of EAC
system products such as authentication systems (biometric and card based authentication
systems), intruder alarm systems and perimeter security systems (free standing, buried
cable and fence mounted security systems). Major companies operating globally and
providing products under all categories of EAC systems are United Technologies
Corporation, Tyco International Ltd., Godrej Industries Limited, and Cisco Systems, Inc.
Regional companies such as Everspring Industry Co., Ltd., DigitalPersona, Inc. and Linear
LLC operate with one specialized EAC system product.

The EAC system market is segmented as follows:

EAC system Market, by Process Segment

        - Authentication system
        - Biometric system
             - Fingerprint recognition
             - Face recognition
             - Iris recognition
             - Palm recognition
             - Voice recognition
             - Signature recognition
             - Vein recognition
             - Automated Fingerprint Identification System /Live Scan
        - Card based authentication system
             - Proximity card
             - Smart card
        - Intruder alarm system
        - Perimeter security system
        - Free standing perimeter security
        - Buried perimeter security

Browse the full Electronic Access Control Systems Report at

http://www.transparencymarketresearch.com/electronic-access-control.html

EAC system Market, by Region

        - North America
        - Europe
        - Asia Pacific
        - Rest of the World (ROW)

The EAC system market for each region includes:

        - Market Overview
             - Market Size, by process and application, by value (Historic and Forecast)

Browse All Consumer Goods Market Research Reports @

http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html

About Us

Transparency Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers. Our
experienced team of Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

        Contact
        Contact
        Ms. Sheela AK
        90 Sate Street, Suite 700
        Albany, NY 12207
        Tel: +1-518-618-1030
        USA - Canada Toll Free: 866-552-3453
        Email: sales@transparencymarketresearch.com
        Website: http://www.transparencymarketresearch.com
        Company Blog: http://www.tmrblog.com
        Blog: http://transparencymarketresearch.areavoices.com

SOURCE Transparency Market Research


Source: PR Newswire



comments powered by Disqus