In a recent published report, Kenneth Research has updated the market report for Electronic Access Control System (EACS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Electronic Access Control System (EACS) Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Global Electronic Access Control System Market is estimated to reach $39.6 Billion by 2024 with CAGR of 13.1% between 2016 and 2024. Electronic Access Control System uses electronic or electromechanical system to permit limited access within the organization. These systems contain intruder alarm, authentication system, and perimeter security system. These systems offer a high-level security offering integration opportunity with structured automation and time management systems.
Growing demand for improved security and government policies for security issues is driving the electronic access control system market. Images with improved resolution and unchangeable personalization characteristics are some of the technological advancements in the electronic access control system. An emerging trend in these electronic access control system is the integrated solution for instant response with electronic alarm systems. However, lack of interoperability with current security systems is affecting the market growth. Moreover, high upfront cost and mounting market for alternate technologies such as near field communication (NFC) are posing challenge to the market growth.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global electronic access control system market has been categorized as technology, application and geography. Technology segment is further bifurcated into authentication systems, intruder alarm systems, perimeter security systems, and others. Authentication system is further bifurcated into biometric system and card based system. On the basis of application, the market has been again segmented into government, commercial, industrial, residential, and others. By geography, the global electronic access control system market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World covers South America, Middle East, and Africa.
Key players in the global electronic access control system market Magal Security Systems Ltd., Tyco International, Assa Abloy AB, Future Fibre Technology, Schneider Electric, Siemens Building Technologies, Bosch Security Systems, Honeywell International Inc., Cisco Systems, Inc, Cognitec System GMBH among others.
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The key takeaways from the report:
The report will provide a detailed analysis of Global Electronic Access Control System Market with respect to major segments such as technology, application and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Electronic Access Control System Market from 2015 to 2024 has been included in the report
Profile of the key players in the Global Electronic Access Control System Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Electronic Access Control System Market:
Technology Segments
Authentication Systems
Biometric Systems
Fingerprint
Facial recognition
Iris Recognition
Hand Geometry
Voice Authentication
Signature Verification
Vein
Livescan
Others
Card Based Systems
Proximity Card
Smart Card
Legacy Technology Based Card
Intruder Alarm Systems
Perimeter Security Systems
Free Standing Perimeter Security
Buried Perimeter Security
Others
Application Segments
Government
Commercial
Industrial
Residential
Others
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
Chapter 4 Global Electronic Access Control System Market by Technology: Market Size and Forecast, 2015 – 202424
4.1 Overview
4.2 Authentication systems
4.2.1 Current Trend and Analysis
4.2.2 Market Size and Forecast
4.2.3 Biometric Systems
4.2.3.1 Market Size and Forecast
4.2.3.2 Fingerprint
4.2.3.2.1 Market Size and Forecast
4.2.3.3 Facial Recognition
4.2.3.3.1 Market Size and Forecast
4.2.3.4 Iris Recognition
4.2.3.4.1 Market Size and Forecast
4.2.3.5 Hand Geometry
4.2.3.5.1 Market Size and Forecast
4.2.3.6 Voice Authentication
4.2.3.6.1 Market Size and Forecast
4.2.3.7 Signature Verification
4.2.3.7.1 Market Size and Forecast
4.2.3.8 Vein
4.2.3.8.1 Market Size and Forecast
4.2.3.9 Livescan
4.2.3.9.1 Market Size and Forecast
4.2.3.10 Others
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