Electronic Access Control Systems Market worth $16.3 Billion - 2017

Monday 18 February 2013, Amsterdam

According to a new market research report,the total market for Electronic Access Control System is expected to reach $16.3 billion by 2017, at a CAGR of 7.0%.

The need for Electronic Access Controls has grown manifold in the wake of threats becoming increasingly complex. The threat to the public and private properties are coming both - from the cross border and their own citizens. EACS market includes authentication systems, intruder alarm and perimeter security systems as they monitor as well as prevent malicious activities. The main differences are that authentication systems are placed in-line and able to actively prevent intrusions that are detected using intruder alarms and perimeter security systems. As a consequence, the EACS market is witnessing a positive growth and increased adoption across the globe. EACS market is estimated to reach $16.3 billion by 2017, growing at a CAGR of 7.0% from 2012 to 2017. North America is leading the total EACS market; followed by APAC and Europe respectively. However, in APAC, revivals of stalled construction projects and infrastructural boom have opened new avenues for EACS market. The sudden civil uprisings in the Middle East and Africa are compelling the governments and enterprises to rethink of their security measures

An emerging trend with respect to the EACS market is the demand for integrated solutions that integrate immediate onsite response with electronic security and alarm systems. This growth is mainly attributed to heightened security concerns backed by government and regulatory mandates. The major players in the market include Bosch Security Systems (Germany), Siemens Building Technologies (Switzerland), Honeywell international Inc. (U.S.), Schneider Electric (France), Assa Abloy AB (Sweden), Tyco International (Switzerland), Magal Security Systems Ltd. (Israel), and Future Fibre Technology (Australia) among others

This report provides the current size of the EACS market and also forecasts the same from 2012 to 2017. There is also a detailed analysis of growth opportunities, key drivers, and restraints of the market along with emerging industry trends. The EACS market is segmented into markets by technology such as intruder alarm system, perimeter security system, and authentication system. Each technology segment is further analyzed by its sub types, applications, and also by its geographical penetration. Revenue estimates and forecasts of each technology segment; along with geographical specifications are provided in the report. The key market players across the value chain are identified, profiled, and analyzed to understand the competitive landscape. The report consists of detailed analysis and profiles of 25 major players.