Scope in Electronic Access Control System Market Trends, Opportunities & Competition Tracking till 2022
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Globally, sealing residential, and commercial buildings is becoming need of the hour. Several market players are increasingly integrating the commercial, residential, and educational buildings with electronic security to prevent data breaches, and thefts. The electronic access control systems is becoming a de facto security system for several commercial facilities globally. Integration of the electronic access control systems reduces the risk of security as these highly sophisticated gadgets cannot be duplicated. As these security systems only let end users bypass through entering a code, the end users can save their pocket space and time. A recently published report reveals that the global access control systems market is expected to represent a value of over US$ 24,000 Mn by the end of 2022.
Card-Based Technology to Represent a Dominant Segment
With increasing demand for residential security, adoption of card-based security systems is expected to rev up. Card-based technology is expected to witness the highest revenue growth, accounting for a value of over US$ 2,600 Mn by the end of 2022. However, biometric as compared to other technologies is expected to register the highest CAGR in the global market throughout 2022.
Demand for the electronic access control systems is expected to be high in the commercial & industrial sector as compared to other end users. The commercial & industrial sector is expected to witness the highest revenue growth, recording a value of over US$ 2,000 Mn by the end of 2017. However, government & defense sector is expected to register the highest CAGR in the global market throughout 2022.
Considerable Demand in the Healthcare Industry
Growing need for security in the healthcare industry is expected to fuel growth of the global electronic access control systems market. As the need for secure boundaries in the hospitals increase, demand for electronic access control system is further expected to rev up. Moreover, hospitals continue to witness increasing demand for electronic access control systems in order to keep the patients undergoing treatment secure. In addition, surge in need for security of doctors and the staff members is also expected to contribute towards growth of the global electronic access control systems market positively. Further, growing demand for securing the medical equipment, and facilities for various treatment procedure is also expected to fuel growth of the global market during the forecast period.
Significant Demand in Commercial Industry
Growing demand for security systems in the commercial buildings is expected to impact growth of the global electronic access control systems market positively. Increasing investments by tenants, property managers, and stakeholders has revved up demand for the electronic access control systems in the commercial building. This has led to a surge in demand for keeping the property safe from loiterers, fire, theft, vandalism, and other risks. Moreover, surge in the number of faculty members, and visitors is also expected to contribute towards growth of the global market.
Leading market players operating in the global electronic control system market include Siemens AG, Cisco Systems, Inc, Robert Bosch GmbH, Honeywell International Inc, Schneider Electric SE, Panasonic Corporation, Johnson Controls International plc, Fujitsu Limited, ASSA ABLOY AB, and Ingersoll-Rand Plc.
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Table of Content:
1. Global Electronic Access Control Systems Market – Executive Summary
2. Global Electronic Access Control Systems Market Overview
2.1.1. Global Electronic Access Control Systems Market Taxonomy
2.1.2. Global Electronic Access Control Systems Market Definition
2.2. Global Electronic Access Control Systems Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Electronic Access Control Systems Market Y-o-Y Growth
2.3. Global Electronic Access Control Systems Market Dynamics
2.4. Cost Structure Analysis
2.5. Innovation in Access Control Technology
2.6. Winning Imperatives
2.7. Strategic Focus of Players
2.8. Key Participants Market Presence (Intensity Map) By Region
3. Global Electronic Access Control Systems Market Analysis and Forecast By Technology
3.1. Global Electronic Access Control Systems Market Size and Forecast By , 2012-2022
3.1.1. Biometrics Electronic Access Control Systems Market Size and Forecast, 2012-2022
184.108.40.206. Revenue (US$ Mn) Comparison, By Region
220.127.116.11. Market Share Comparison, By Region
18.104.22.168. Y-o-Y growth Comparison, By Region
3.1.2. Card-Based Electronic Access Control Systems Market Size and Forecast, 2012-2022
22.214.171.124. Revenue (US$ Mn) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
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