UK Electronic Access Control Systems Market Growth Outlook 2021-2031

Transparency Market Research delivers key insights on the global electronic access control systems market. In terms of revenue, the global electronic access control systems market is estimated to expand at a CAGR of 5.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global electronic access control systems market.

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The global electronic access control systems market is broadly affected by several factors, including increase in crime rates necessitates electronic access control security systems for residential and commercial sectors, and rise in awareness of comfortable and smart living, which tends to increase the construction of smart residential & commercial buildings.

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Electronic Access Control Systems Market: Dynamics

Electronic access control systems facilitate automated approval for authorized personnel to enter through a security portal without the need for a security officer to review and validate the authorization. It uses various credentials for verification and authorization. It is widely deployed for restricting, registering, and controlling the access of people and vehicles through access points. Common security portals include standard doors, vestibules, revolving doors, and vehicle entry barriers. Rising terrorists attacks, violent criminals, economic criminals, and petty criminals and their crime activities have fueled the demand for electronic access control systems across the globe.

A string of deadly terror attacks affecting countries all over the world in the past few years has prompted both public and private sector organizations to ensure that their security measures are as effective as possible. When a credential is presented to a reader, the reader sends the information from the credential to a control panel, making access control one of the most basic forms of security a corporation can use. The control panel checks the credential number against an access control list and grants or denies the presented request. The terror attack on the Charlie Hebdo office in Paris in January 2015, where terrorists entered a commercial office building, has implicated the importance of access control and how it is vital for protecting staff and other asset in the building.

Numerous advantages offered by electronic access control systems has fueled its deployment against security threats in several sectors. These benefits include restriction of access to office premises, control the movement of personnel across the building, and provides location & movement of person and notification of an attempt to enter a service building. Thus, rising terror attacks and criminal activities in several countries across the globe has driven the adoption of electronic access control systems.

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Electronic Access Control Systems Market: Prominent Regions

The electronic access control systems market in Asia Pacific is projected to expand significantly during the forecast period, owing to the presence of key market players and countries such as China, India, and Japan, which, in turn, is offering significant opportunities for manufacturers of electronic access control system. China and India are prominent countries and account for a prominent share in the region. Collectively, both countries accounted for more than 50% share of the electronic access control system market in Asia Pacific.

In industrial applications, access control system technology has evolved into one of the most useful diagnostic tools. Rapid economic expansion and changes in lifestyle witnessed in the region is estimated to offer significant opportunity for the market in Asia Pacific. Rapid product development in the region, as well as a number of government policies is expected to boost the demand for electronic access control systems. China, the world's largest producer of consumer electronics, also witnessed major manufacturing of spare parts for electronic access control systems. Increasing government investments in the defense sector in a several countries is also projected to offer significant opportunities for the electronic access control systems market during the forecast period.

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Electronic Access Control Systems Market: Key Players

Key players operating in the global electronic access control systems market are ASSA ABLOY AB, Bosch Sicherheitssysteme GmbH, Fujitsu Limited, Godrej Consumer Product Limited, Honeywell International Inc., Johnson Controls International plc, NEC Corporation, Panasonic Corporation, Schneider Electric SE, and Siemens AG.

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