Press release
Electronic Access Control Systems Market 2019 Global Key Leaders by Johnson, Controls International, Cansec Systems, Kisi, Identiv, ASSA ABLOY, AMAG, Gunnebo, Suprema HQ
Electronic Access Control Systems Market
Market Highlights:
Electronic access control systems market comprises all electromechanical hardware devices that prevent entry/ access to any premise. They are used across various fields such as commercial space, government spaces, and private residential spaces which require a high level of security. The global electronic access control system market is touted to reach USD 13.3 Bn at a CAGR of 8.53% over the forecast period of 2018-2023, predicts Market Research Future (MRFR) in its latest study.
The growing incidence rate of crimes such as thefts, break-ins, and other illegal activities have compelled various institutions to adopt Electronic Access Control System Market. Various commercial, as well as residential areas, are installing electronic access control systems market to prevent and minimize fraudulence and illegal activities. These systems provide various other advantages as well, which include burglar alarm system, fire, and carbon monoxide detection, and track the entry of employees and visitors. The need for electronic access control systems has increased in recent years in banks, data centers, hotels, retail stores, and others. Electronic access control systems, especially biometrics, are extensively integrated with existing payroll software which allows keeping a record of information related to attendance.
The integration of IoT in electronic access control systems market has created lucrative growth opportunities for the market. IoT based electronic access control systems can enhance the security of systems. In access control, intelligent locks, card readers, keypads, and other related devices are based on IoT and provide benefits such as easy access, improved integration, configuration, and tracking capabilities.
Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7465
On the contrary, the growth of the electronic access control systems market can be hindered by high costs aligned with the installation of access control systems and maintenance costs.
Competitive Landscape
The electronic access control system market is marked by the presence of various players including Johnson Controls International plc (Ireland), Nedap N.V.(Netherlands), Cansec Systems (Canada), Kisi Inc. (US), Identiv, Inc. (US), ASSA ABLOY AB (Sweden), AMAG Technology (US), Gunnebo (Sweden), NEC Corporation (Japan), Suprema HQ Inc. (South Korea), Vanderbilt Industries (US), Bosch Security Systems Inc. (US), Napco security Technologies (US), Honeywell Security Group (US), Time and Data Systems International (UK), Allegion plc (Ireland), Axis Communications (Sweden), Adman Technologies (India), IDEMIA (France), Brivo, Inc. (US), Salto Systems (Spain), Gallagher Group (New Zealand), dormakaba Holding AG (Switzerland), Gemalto N.V. (Netherlands)., and Lenel Systems International (US).
Segmentation
The global electronic access control systems market has been segmented based on component and vertical.
By component, the electronic access control systems market has been segmented into biometrics reader, multi-technology readers, electronic locks, card-based reader, and controllers. The biometrics reader segment is estimated to account for the largest share of the market and register the highest CAGR as well. The high-reliability quotient of biometrics is responsible for their increased adoption.
By vertical, the electronic access control system market has been segmented into commercial spaces, military & defense, residential, education, government, healthcare, industrial, and others. Application-wise, the commercial spaces segment is likely to dominate the global market. Extensive use of electronic access control systems in commercial areas such as data centers, banks, hotels, retail stores, and malls can be credited for the growth of the segment.
Get Complete Report @ https://www.marketresearchfuture.com/reports/electronic-access-control-systems-market-7465
Regional Analysis
By region, the electronic access control system market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America is a significant market for electronic access control system and is estimated to domineer the global market over the forecast period. The region is among the early adopters of technology, and robust economic conditions have paced up the growth of the market in the region. The leading market players are based in the region which gives it unprecedented leverage.
The APAC electronic access control systems market is touted to register the highest CAGR over the forecast period. Growing incidences of crime have resulted in the accelerated implementation of security systems across the region. Moreover, growing government focus on enhancing security mechanism has also induced high demand within the market.
Industry Updates
May 2019 - Paxton, a developer of IP access control and door entry solutions, launched a new web-based interface for its Net2 access control system. Net2Online makes Net2 will facilitate access from any device with the help of internet connection and is a free feature with Paxton’s Net2 Pro software.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Pune – 411028
Maharashtra, India
Phone: +91 841 198 5042
Mail: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electronic Access Control Systems Market 2019 Global Key Leaders by Johnson, Controls International, Cansec Systems, Kisi, Identiv, ASSA ABLOY, AMAG, Gunnebo, Suprema HQ here
News-ID: 1812183 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Electronic
Revolutionizing Electronic Warfare: The Power of Cognitive Electronic Warfare Sy …
According to the report published by Allied Market Research, " Cognitive Electronic Warfare System Market by Capability (Electronic Attack, Electronic Protection, Electronic Support, Electronic Intelligence) and by Platform (Naval, Airborne, Land, Space): Global Opportunity Analysis and Industry Forecast, 2023-2032 "Cognitive electronic warfare systems are based on learning action frameworks that use machine learning algorithms and artificial intelligence (AI) to mimic human perception of learning, memory, and judgement. Machine learning, being…
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine…
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry
The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
