Press release
Electronic Access Control Systems Market Forecast to 2028 | Bosch Security Systems, Honeywell International Inc., Cisco Systems
Using electromechanical hardware, the electronic access control (EAC) system is a technique for enabling controlled entry to private locations. High-end protection is required due to rising crime rates and terrorist strikes. EAC method offers certain advantages, including as The advantages of time efficiency, high accuracy, and simplicity above all other security solutions.
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Globally, both public and private sector entities are making significant investments in improving infrastructure. The market for electronic access control systems recorded 32 billion dollars in revenues in 2020. By the end of 2031, it is expected to reach 94 billion dollars. The global Electronic access control systems market will grow at a robust CAGR of almost 13% between 2021 and 2031.
Key EAC Systems Market Dynamics
In the past five years, the global market for electronic access control systems has grown efficiently owing to growing concerns of thefts, break-ins, and white-collar crimes, as a result driving the market demand from both commercial and residential bodies for advanced security systems. Also, the global market for electronic access control systems is boosted by the convenience provided by these kind of systems.
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Segment Analysis as per EAC Systems Market Report
The global electronic access control systems market is categorized into process type and end user type. Based on process type, the segmentation is done into authentication system, intruder alarm systems and perimeter security system. Among these, the segment of authentication system is segmented into biometric authentication system and card based authentication system.
By Process Type
Authentication systems
Biometrics
Face recognition
Iris recognition
Palm recognition
Voice recognition
Signature recognition
Fingerprint recognition
Vein recognition
Automated Fingerprint Identification System (AFIS)/Live Scan
Card-Based
Proximity Card
Smart Card
Intruder alarm systems
Perimeter security systems
Free standing perimeter security
Buried perimeter security
By End-User
Government
Commercial
Industrial
Residential
By Region
North America
Europe
Asia-Pacific
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FAQ'S:
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What is the outlook for the European market for EAC systems?
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The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
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