Electronic Access Control Systems Market: Global Industry Analysis and Forecast (2023-2029)

Electronic Access Control Systems Market was valued at US$ 37.27 Bn. in 2022. The Global Electronic Access Control Systems Market size is estimated to grow at a CAGR of 11.21 % over the forecast period.

Electronic Access Control Systems Market Overview:

Digital networks that regulate access to security portals are known as electronic access control systems. A security portal is a point of access or exit through a security perimeter. The majority of Electronic Access Control Systems have an integrated intruder alarm system. Users can access different sections or only certain areas with the help of EAC systems. They can keep records of access and attendance. They are able to find people in facilities as a safety feature and for emergency response circumstances. EAC systems are, in general, quite adaptable, and technological advancements are making them even more so. Electronic Access Control Systems MarketTo know about the Research Methodology :- Request Free Sample Report The report explores the Electronic Access Control Systems Market's segments (Process Type, End-User). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Market's contemporary competitive scenario.

Electronic Access Control Systems Market Dynamics:

Drivers: • Development in technology: Growth in the market is being driven by increased use of access control solutions, technological advancements, and wireless security systems. The market is expanding as a result of the use of IoT-based security solutions combined with cloud computing platforms. Additionally, the requirement for wireless and IoT-based protection systems in a variety of applications, along with rising urbanization, are anticipated to propel the access control market forward in the probable future. Electronic Access Control Systems are distinct from other security measures in a number of ways, including the minimal amount of physical access required to pass through them, the fact that they can be managed by a single person or a team of staff, their extreme sensitivity, and the fact that they have undergone significant changes over time as technology has advanced. • Rising demand in different sector: In the upcoming years, it is anticipated that the market for Electronic Access Control Systems would expand as a result of the rising popularity of electromagnetic locks and electric strikes. Electronic Access Control Systems are likely to have a growth in demand in the next years from educational institutions, healthcare facilities, and residential buildings due to their high accuracy, time efficiency, and convenience over alternative security technologies. The market for Electronic Access Control Systems will also increase due to the growing application breadth of these systems in a range of situations, including the commercial and defense sectors, as well as the growing requirement to restrict access to specific premises. • Increasing security concern: One of the main drivers of the global market for Electronic Access Control Systems is the increasing instances of vandalism, public place violence, and terrorist acts in urban areas and at different educational institutions. Restrain: The market for Electronic Access Control Systems constrained by a lack of awareness, expensive upfront expenditures, and an inadequate infrastructure. Adoption is hampered by expensive installation costs. There are growing markets in many developing economies, but they are only available to particular industries due to the high installation costs. Opportunities: • Data theft and the secure transportation of illegal data to unidentified destinations are constant threats to data centers and service providers. Manufacturers are taking advantage of this threat to create cutting-edge access control systems with many levels of protection, shielding data-based businesses from impending dangers. • New opportunities are presented to market participants in Electronic Access Control Systems by improvements in housing standards along with various smart city programs being implemented throughout the globe. Challenges: These technological systems are not entirely fault-proof. Manufacturers face a challenge in creating systems that are safer from intrusion because both residential and commercial systems can be remotely hacked. COVID - 19 Impact on Electronic Access Control Systems Market The Covid-19 pandemic has changed every business strategy. The US government declared access control and security to be part of the essential workforce to reduce the impact of the virus during the epidemic. A lot of work has been put into this field to create fresh approaches and plans to stop the virus's spread. Although frictionless access control already existed before the pandemic, the epidemic has increased demand for it. More prototypes that don't require a traditional card reader are making their way into the market after COVID-19. For hands-free access control, they employ software that can be accessed by the mobile device location to confirm their proximity to the entrance.

Electronic Access Control Systems Market Segment Analysis:

Based on Process Type, Authentication Systems is dominating the market with the highest CAGR of during the forecast period. The authentication systems segment is anticipated to receive a significant contribution from biometrics. This is related to the development of sophisticated sensor technology in mobile phones. This technology enhances the identifying process, promotes information system security, and re-establishes physical control access. As a result, the market for authentication systems is anticipated to grow quickly due to rising security budgets and growing security concerns during the course of the projected period. Electronic Access Control Systems Market Based on the End-User, Government segment is dominating the market with highest CAGR during the forecast period. Governments around the world have been investing in Electronic Access Control Systems due to the need for better security measures brought on by an increase in fraud, illegal immigration, and criminal activities, which is fuelling the market's expansion over the forecast period.

Regional Insights:

The Asia-Pacific region dominated the market with highest share in 2022. The Asia-Pacific region is expected to witness significant growth at a CAGR of 10 % through the forecast period. During the forecasted period, the APAC area is anticipated to rise at a strong CAGR. The increased acceptability of different companies establishing their production facilities in the region can be credited with the expansion of the APAC region. A growing need for asset protection is anticipated as a result of the emergence of several local and IT businesses, including start-ups. A revolution in residential real estate is taking place in many nations, including China, Japan, and India. Advanced levels of biometric access control are also installed on the premises, lowering the possibility of theft or vandalism. Through the launch of smart city and infrastructure development initiatives, numerous governments are putting a heavy emphasis on urbanization. Due to their large populations and rising urbanization, developing nations like China and India are seeing a tremendous increase in the construction of residential buildings. The United States is a major global player in Electronic Access Control Systems due to its status as one of the most developed nations. Over the long-term forecast period, it is expected that rapid product innovations in the nation, together with a number of government programs, will boost demand for electronic access control systems. In addition, the nation's busy lifestyle and demand for high levels of security in both public and private spaces has led to profitable growth for companies that make electronic access control systems. The objective of the report is to present a comprehensive analysis of the Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Market dynamic, structure by analyzing the market segments and projecting the Electronic Access Control Systems Market size. Clear representation of competitive analysis of key players by Vehicle Process Type, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.

Electronic Access Control Systems Market Scope: Inquire before buying

Electronic Access Control Systems Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US$ 37.27 Bn.
Forecast Period 2023 to 2029 CAGR: 11.21 % Market Size in 2029: US$ 78.42 Bn.
Segments Covered: by Process Type 1. Authentication systems 1.1 Biometrics 1.1.1 Face recognition 1.1.2 Iris recognition 1.1.3 Palm recognition 1.1.4 Voice recognition 1.1.5 Signature recognition 1.1.6 Fingerprint recognition 1.1.7 Vein recognition 1.1.8 Automated Fingerprint Identification System (AFIS)/Live Scan 1.2 Card-Based 1.2.1 Proximity Card 1.2.2 Smart Card 2. Intruder alarm systems 3. Perimeter security systems 3.1 Free standing perimeter security 3.2 Buried perimeter security
by End-User 1. Government 2. Commercial 3. Industrial 4. Residential
by Intruder alarm systems 1. Detection systems 2. Alarm panels 3. Communication devices
by Perimeter security systems 1. Free standing perimeter security 2. Fence mounted perimeter security 3. Buried perimeter security

Electronic Access Control Systems Market by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)

Key Players

1. Bosch Security Systems 2. Siemens Building Technologies 3. Honeywell International Inc. 4. Johnson Controls 5. Schneider Electric 6. Assa Abloy AB 7. Magal Security Systems Ltd 8. Future Fibre Technology 9. NEC Corporation. 10. Godrej Consumer Product Limited. 11. Cisco Systems, Inc. 12. Hitachi, Ltd. 13. Tyco International Ltd. 14. United Technologies Corporation. 15. Dormakaba Holding 16. Allegion plc 17. Identiv Inc. 18. Nedap N.V. 19. Suprema HQ Frequently Asked Questions: 1] What segments are covered in the Global Electronic Access Control Systems Market report? Ans. The segments covered in the Electronic Access Control Systems Market report are based on Process Type, Intruder alarm systems, End-User and Perimeter security systems. 2] Which region is expected to hold the highest share in the Electronic Access Control Systems Market? Ans. Asia-Pacific region is expected to hold the highest share in the Electronic Access Control Systems Market. 3] What is the market size of the Electronic Access Control Systems Market by 2029? Ans. The market size of the Electronic Access Control Systems Market by 2029 is expected to reach US$ 78.42 Bn. 4] What is the forecast period for the Electronic Access Control Systems Market? Ans. The forecast period for the Electronic Access Control Systems Market is 2023-2029. 5] What was the market size of the Electronic Access Control Systems Market in 2022? Ans. The market size of the Electronic Access Control Systems Market in 2022 was valued at US$ 37.27 Bn.
1. Global Electronic Access Control Systems Market: Research Methodology 2. Global Electronic Access Control Systems Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Electronic Access Control Systems Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Electronic Access Control Systems Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Electronic Access Control Systems Market Segmentation 4.1 Global Electronic Access Control Systems Market, by Process Type (2022-2029) • Authentication systems o Biometrics  Face recognition  Iris recognition  Palm recognition  Voice recognition  Signature recognition  Fingerprint recognition  Vein recognition  Automated Fingerprint Identification System (AFIS)/Live Scan o Card-Based  Proximity Card  Smart Card • Intruder alarm systems • Perimeter security systems o Free standing perimeter security o Buried perimeter security 4.2 Global Electronic Access Control Systems Market, by End-User (2022-2029) • Government • Commercial • Industrial • Residential 4.3 Global Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029) • Detection systems • Alarm panels • Communication devices 4.4 Global Electronic Access Control Systems Market, by Perimeter security systems (2022-2029) • Free standing perimeter security • Fence mounted perimeter security • Buried perimeter security 5. North America Electronic Access Control Systems Market(2022-2029) 5.1 North America Electronic Access Control Systems Market, by Process Type (2022-2029) • Authentication systems o Biometrics  Face recognition  Iris recognition  Palm recognition  Voice recognition  Signature recognition  Fingerprint recognition  Vein recognition  Automated Fingerprint Identification System (AFIS)/Live Scan o Card-Based  Proximity Card  Smart Card • Intruder alarm systems • Perimeter security systems o Free standing perimeter security o Buried perimeter security 5.2 North America Electronic Access Control Systems Market, by End-User (2022-2029) • Government • Commercial • Industrial • Residential 5.3 North America Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029) • Detection systems • Alarm panels • Communication devices 5.4 North America Electronic Access Control Systems Market, by Perimeter security systems (2022-2029) • Free standing perimeter security • Fence mounted perimeter security • Buried perimeter security 5.5 North America Electronic Access Control Systems Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Electronic Access Control Systems Market (2022-2029) 6.1. European Electronic Access Control Systems Market, by Process Type (2022-2029) 6.2. European Electronic Access Control Systems Market, by End-User (2022-2029) 6.3. European Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029) 6.4. European Electronic Access Control Systems Market, by Perimeter security systems (2022-2029) 6.5. European Electronic Access Control Systems Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Electronic Access Control Systems Market (2022-2029) 7.1. Asia Pacific Electronic Access Control Systems Market, by Process Type (2022-2029) 7.2. Asia Pacific Electronic Access Control Systems Market, by End-User (2022-2029) 7.3. Asia Pacific Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029) 7.4. Asia Pacific Electronic Access Control Systems Market, by Perimeter security systems (2022-2029) 7.5. Asia Pacific Electronic Access Control Systems Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Electronic Access Control Systems Market (2022-2029) 8.1 Middle East and Africa Electronic Access Control Systems Market, by Process Type (2022-2029) 8.2. Middle East and Africa Electronic Access Control Systems Market, by End-User (2022-2029) 8.3. Middle East and Africa Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029) 8.4. Middle East and Africa Electronic Access Control Systems Market, by Perimeter security systems (2022-2029) 8.5. Middle East and Africa Electronic Access Control Systems Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Electronic Access Control Systems Market (2022-2029) 9.1. South America Electronic Access Control Systems Market, by Process Type (2022-2029) 9.2. South America Electronic Access Control Systems Market, by End-User (2022-2029) 9.3. South America Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029) 9.4. South America Electronic Access Control Systems Market, by Perimeter security systems (2022-2029) 9.5. South America Electronic Access Control Systems Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Bosch Security Systems 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Siemens Building Technologies 10.3 Honeywell International Inc. 10.4 Johnson Controls 10.5 Schneider Electric 10.6 Assa Abloy AB 10.7 Magal Security Systems Ltd 10.8 Future Fibre Technology 10.9 NEC Corporation. 10.10 Godrej Consumer Product Limited. 10.11 Cisco Systems, Inc. 10.12 Hitachi, Ltd. 10.13 Tyco International Ltd. 10.14 United Technologies Corporation. 10.15 Dormakaba Holding 10.16 Allegion plc 10.17 Identiv Inc. 10.18 Nedap N.V. 10.19 Suprema HQ
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