The global electronic access control systems market is estimated to be valued at US$ 40,354.0 million in 2021 and is expected to exhibit a CAGR of 10.4% over the forecast period (2021-2028).
Market Trends:
The card-based system is a major trend
Cards are being increasingly used to authenticate user identity or gain access. There are different types of access control cards available including proximity, magnetic stripe, and smart card readers. These cards are more reliable than biometric readers or electronic locks. Increasing demand for smart and proximity cards to monitor and record employee activities has led to an increase in demand for card-based systems.
Rising need for security solutions is another trend
Commercial vertical segment holds a dominant position in the global electronic access control systems market. In this vertical, commercial organizations such as retail stores, data centers, hotels, malls, and banks are adopting EAC systems. The demand for access control systems is increase as they reduce the need for manned security substantially.
Electronic Access Control Systems Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients