In a new industry research report published by Credence
Research “Electronic Access Control industry (By System Component – Hardware:
Electronic Locks, Readers, Access Cards, Control Panels, Access Control
Servers; Access Control Management Software; Services: Implementation, Integration
and Maintenance Services, and ACaaS) - Growth, Future Prospects, Competitive
Analysis and Forecast 2016 - 2024”, the global electronic access control
industry stood at US$ 4,673.1 Mn in 2015 and is estimated to expand with a CAGR
of 9.3% from 2016 to 2024.
The complete report is available at http://www.credenceresearch.com/report/electronic-access-control-market
The electronic
access control industry has been majorly driven by increasing need to achieve
enhanced physical and data security at various residential, commercial,
industrial and government and defense facilities. With increasing
vulnerabilities in data security and rising need to secure data centers,
electronic access control systems have gained immense popularity in the recent
years. In addition, with the rise of innovative technologies such as sensors
and biometrics, access control providers have been engaged in design and
development of advanced access control solutions for various end-use
industries. Moreover, the rise of web-based access control solutions has
further fueled the adoption of access control due to its ease of installation,
scalability and accessibility. Thereby, the access control as a service (ACaaS)
segment has been identified as the most promising segment in the overall access
control industry across the world.
Some of the factors
driving the growth in the electronic access control industry include rising
vulnerability of various buildings and facilities in terms of data security.
Growing concerns pertaining to physical access to critical locations within the
premises have compelled the deployment of advanced access control systems in various
organizations. Despite the advantages, lack of technological awareness and
hesitancy towards investing in latest IT solutions have restricted the growth
in the access control systems industry. However, rise of access control as a
service (ACaaS) offering advanced solutions at an affordable timely fee has
contributed to the higher adoption of access control solutions in various
end-use industries. In addition, technological advancements in readers and
on-going expansion of facilities are expected to further fuel the growth in the
services segment. Thereby, the overall access control industry is expected to
witness significant growth during the forecast period.
Competitive Insights:
The global
electronic access control industry is highly fragmented with the presence of a
few global players and a plethora of local players in various regions across
the world. Some of the leading global players in the access control industry
include Assa Abloy Group, Dormakaba Group, ADT LLC dba ADT Security Services,
Allegion Plc., Honeywell International, Inc., 3M Cogent, Inc., Bosch
Sicherheitssysteme GmbH, and AMAG Technology, Inc. These companies compete in
various developed and developing industrys in order to gain higher industry
shares. However, these companies face immense competition from the local
companies which tend to offer effective but cheaper solutions making use of
basic technology and components. Thereby, the industry has been witnessing a
combination of new solutions with enhanced features along with declining
prices.
Key Trends:
• Increasing integration of access
control systems with other physical security and surveillance systems
• Rising adoption of sensor
technology in the access control systems
• Growing adoption of access control
as a service (ACaaS)
• Development of applications making
use of smartphones to offer higher degree of convenience to the users
The complete report is available at https://goo.gl/WcYpUM
ToC:
Chapter 1 Preface
1.1 Report
Description
1.1.1 Purpose of the
Report
1.1.2 Target
Audience
1.1.3 USP and Key
Offerings
1.2 Research Scope
1.3 industry
Segmentation
1.4 Research
Methodology
1.4.1 Phase I –
Secondary Research
1.4.2 Phase II –
Primary Research
1.4.3 Phase III –
Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach
Adopted
Chapter 2 Executive Summary
2.1 industry
Snapshot: Global Electronic Access Control industry
2.2 Global
Electronic Access Control industry, By Component
2.3 Global
Electronic Access Control industry, By End-use
2.4 Global
Electronic Access Control industry, By Geography
Chapter 3 industry Dynamics
3.1 Introduction
3.1.1 Global
Electronic Access Control industry Revenue, 2014 – 2024, (US$ Mn)
3.2 industry
Dynamics
3.2.1 industry
Drivers
3.2.2 industry
Growth Inhibitors
3.2.3 Impact
Analysis of industry Drivers and Restraints
3.3 Attractive
Investment Proposition
Chapter 4 industry Inclination Insights: Electronic
Access Control industry
4.1 Overview
4.1.1 Evolution of
Electronic Access Control
4.1.2 Key Trends
Analysis
Chapter 5 Global Electronic Access Control industry
Analysis, By Component
5.1 industry
Analysis
5.2 Hardware
5.2.1 Electronic
Locks
5.2.2 Access Cards
and Devices
5.2.3 Readers
5.2.4 Control Panels
5.2.5 Access Control
Servers
5.3 Access Control
Management Software
5.4 Services…
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