ELECTRONIC ACCESS CONTROL SYSTEMS MARKET ANALYSIS

Electronic Access Control Systems Market, By System (Authentication system (Biometric System (Fingerprint recognition, Face recognition, Iris recognition, Palm recognition, Voice recognition, Signature recognition, Vein recognition, Automated Fingerprint Identification System /Live Scan), Card based (Proximity card, Smart card), Intruder Alarm System, Perimeter Security System (Free standing perimeter security system, Buried perimeter security system))), By Region (North America, Europe, Asia Pacific, Rest of World) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Oct 2021
Code : CMI4685
Pages :170
Formats :
Excel and PDF
Industry : Information and Communication Technology

Electronic Access Control Systems MarketSize and Trends

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