Electronic Access Control System Market – Industry Growth, Drivers and Top Key Players by 2024

Global Electronic Access Control System Market: Overview

The electronic access control system consists of wide range of technical solutions which allows access to the authorized person while denies entry to unauthorized visitors. The system comprises of perimeter security systems, authentication system, and alarm system. In last few years, the electronic access control system is used in many applications ranging from commercial to defense sectors. The biometric technology is used for accurate identification and authentication services; this reduces the chances of illegal access of the data. Outdated building infrastructure has a higher threat of theft which can be eliminated by adding electronic access control system in order to improve security measures. Electronic access control system offers high accuracy, the convenience of use, and minimizes the time taken.

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Global Electronic Access Control System Market: Growth Factors

Rising threat of terrorism and increasing demand for improved security system are major factors that are driving the global electronic access control system market. The retail, IT, hospital and banking sectors are largely adopting electronic access control system for better security to the assets. Increasing concerns regarding terrorism and major crimes are compelling many countries to implement electronic access control system to counter them. The factors that will benefit the market growth are criminal and spy activities, fraudulent entries, and illegal immigration. Increasing support from the government to protect against harmful attacks is projected to propel the global market growth. Government agencies, individuals, and organizations are giving more importance to the security to protect themselves against rising cases of vandalism, mounting terror attacks, and public violence, which contributes to the global market growth in future. However, lack of awareness and the high cost of the electronic access control systems is restraining the global access control system market growth.

Global Electronic Access Control System Market: Segmentation

The global electronic access control system market is categorized into technology which includes door contacts, door/window sensor, biometric, motion detector, touch screen & keypads, glass break detector, intruder alarm system, and card based system. The application segment is fragmented into telecommunication, defense, stadium, financial institutions, healthcare, and airports. On the basis of communication devices, the global electronic access control system market is segregated as buried perimeter security and free standing perimeter security.

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Global Electronic Access Control System Market: Regional Analysis

Geographical segmentation of the electronic access control system market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is the leading region for the electronic access control system, the demand is high especially in the US. Asia-Pacific region is highly adopting electronic access control system thus driving the market growth. Developing countries such as China, India, and Thailand are growing at a faster rate in the market; this growth is expected to continue in the near future owing to developing construction activities.

Global Electronic Access Control System Market: Competitive Players

Prominent companies in the global electronic access control system market include Safran SA, Magal Security Systems Ltd., Panasonic Corporation, Hitachi Ltd., 3M Cogent, Inc., Siemens AG, and Honeywell International Inc.

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