Skip to main content

Electronic Access Control Market By End-Use - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

According to a new market research report published by Credence Research “Electronic Access Control Market (By System Component – Hardware: Electronic Locks, Readers, Access Cards, Control Panels, Access Control Servers; Access Control Management Software; Services: Implementation, Integration and Maintenance Services, and ACaaS) - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2024”, 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.
Market Insights
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. However, rise of access control as a service (ACaaS) offering advanced solutions at an affordable timely fee has contributed to the higher adoption of access control solutions in various end-use industries. In addition, technological advancements in readers and on-going expansion of facilities are expected to further fuel the growth in the services segment. Thereby, the overall access control market is expected to witness significant growth during the forecast period.
Competitive Insights:
The global electronic access control market is highly fragmented with the presence of a few global players and a plethora of local players in various regions across the world. Some of the leading global players in the access control market include Assa Abloy Group, Dormakaba Group, ADT LLC dba ADT Security Services, Allegion Plc., Honeywell International, Inc., 3M Cogent, Inc., Bosch Sicherheitssysteme GmbH, and AMAG Technology, Inc. These companies compete in various developed and developing markets in order to gain higher market shares. However, these companies face immense competition from the local companies which tend to offer effective but cheaper solutions making use of basic technology and components. Thereby, the market has been witnessing a combination of new solutions with enhanced features along with declining prices.
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
Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Electronic Access Control Market
2.2 Global Electronic Access Control Market, By Component
2.3 Global Electronic Access Control Market, By End-use
2.4 Global Electronic Access Control Market, By Geography..............
Company Profiles
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: 1-800-361-8290

Comments

Popular posts from this blog

Harmonic Filter Market-Global Industry Analysis, Size, Share, Growth 2023: Credence Research

According to a new market report published by Credence Research, Inc., “Global Harmonic Filter Market(By Type (Passive Harmonic Filters, Active Harmonic Filters, and Hybrid Harmonic Filters), By End-use (Industrial, Commercial, Residential,), By Voltage Level (Low Voltage, Medium Voltage, and High Voltage)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023” the global harmonic filter market is poised to witness steady growth, growing at a CAGR of 6.9% during the forecast period 2016 – 2023. Browse the full report at http://www.credenceresearch.com/report/harmonic-filter-market Market Insights Harmonics or distortions are ideally produced in an electrically powered system/equipment owing to the presence of non-linear loads like variable frequency drives in the system. The transmission of distortions in electrically powered machinery/equipment is the major cause behind power quality issues.  Large magnitude of harmonics can result in malfunctioning of …

Metabolomics Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025

The latest market report published by Credence Research, Inc. “Metabolomics Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025”, the global metabolomics market was valued at US$ 621.1 Mn in 2016, and is expected to reach US$ 2,428.1 Mn by 2025, expanding at a CAGR of 15.3% from 2017 to 2025. Browse the full report at http://www.credenceresearch.com/report/metabolomics-market Market Insights Metabolomics is the study of chemical process that involves small molecules known as metabolites, present within cells, tissues, biofluids or organism. Metabolites are specific unique chemicals that are left behind in any cellular process, which can be studied for metabolite profiling. Such metabolites include amino acid, sugar, organic acids and volatile metabolites, secondary metabolites includes such as phenolic compound, alkaloids etc.; and pigments such as anthocyanins, carotenoids etc. Metabolomics study helps in integrating technology and the biological pathway, and under…

3D Printing Market Analysis, Application Type, Share, Growth, Trends and Forecast 2017 – 2023: Credence Research

According to a new market research report published by Credence Research“3D Printing  Market(Polyjet, Stereolithography (SL), Fused Deposition Modeling (FDM), Electron Beam Melting, Selective Laser Sintering (SLS), Others) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the global 3D printing market stood at US$4.83Bn in 2015and is estimated to expand with a CAGR of 15.3% from 2016 to 2023. The complete report is available at http://www.credenceresearch.com/report/3d-printing-market Market Insights 3D printing, also called as additive manufacturing, refers to a process of making three-dimensional (3D) solid objects using a digital model. In 3D printing, the object is prepared by placing down successive layers of material. Since the introduction of 3D printing technology in 1984, the technology is steadily becoming popular and is expected to gain substantial traction in the coming years. Till date, the 3D printing technology is used in various applications…