Electronic Access Control Systems

Transparency Market Research
Rising Threat to Security Continues to
Drive Global Electronic Access Control
Systems Market
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is one of the major concerns of governments and individuals. Security concerns prompt governments,
institutes, corporate and residential buildings to install better security systems. Electronic Access Control
market is among the leading segments in the overall security market. Electronic Access Control system
a method of using electronic or electromechanical hardware to allow restricted access into premises.
Detailed Information for the Market of Electronic Access Control Systems @
Need for better security systems to tackle fraudulence, illegal immigration, and criminal activities have propelled
governments to invest in Electronic Access Control systems. According to Study of Terrorism and Responses to
Terrorism (START), one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89%
increase in fatalities caused by them over 2011. Increasing crime and terror attacks demand high-end security.
Electronic Access Control systems offer certain advantages such as high accuracy, convenience, and time efficiency
over other security products, which increase its attractiveness in the global security market.
The global electronic access control systems market is expected to develop at a CAGR of 12.6% from 2014 to 2019.
Consistency in this growth rate will allow the market to reach US$31.188 billion in 2019. The global access control
systems market was worth US$15.406 billion in 2013.
The key driver of the global electronic access control systems market is the growing rate of criminal activities and
terror attacks on especially public and government locations. Private facilities and homes are targeted as well,
making the global electronic access control systems needed in an even greater level today.
There are many problems that physical lock and keys face. The fact that small items such as physical keys are easy
to copy and changing a lock is the only option in case of a lost key, and a premise guarded by a physical lock cannot
be remotely accessed, works in favor of electronic access control systems. Not only are electronic keys quite difficult
to duplicate, one also need not change an electronic lock when an electronic key is lost, since the key’s record from
the database can be immediately removed and replaced with a new one.
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Places where frequent personal traffic is observed, such as schools, colleges, or office entrances, locking and
unlocking could become a time consuming task. Many more such benefits are afforded by electronic access control
systems and the added security features, such as entry and exit logs, alarms for intrusion attempts, etc., make the
concept highly effective.
Companies such as Tyco International Ltd., Cisco Systems, Inc., United Technologies Corporation, and Godrej
Industries Limited provide EAC systems spanning all the three categories. Global companies such as Safran SA, 3M
Cogent, Inc., Panasonic Corporation, Honeywell International Inc., Hitachi Ltd., Siemens AG, and Magal Security
Systems Ltd. are well known for their specialized operations in one or two EAC verticals. Regional businesses such as
DigitalPersona, Inc., and Everspring Industry Co., Ltd. are also well known for their considerable business share in
their respective regional markets.
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Security is one of the major concerns of governments and individuals. EAC systems are among the leading segments in the overall security market. The Asia-Pacific EAC systems market expected to record the highest CAGR growth of 16.7% to reach USD 9.6 billion in 2019. Usage of EAC system in commercial sector increased by 13.9% CAGR during 2009-2013 to reach USD 4.6 billion in 2013.