Electronic Access Control Systems Market Description:
The market for EAC systems is fuelled by the increasing activities of
terrorism and the increasing crime rate demanding security solutions.
In addition, the rising government regulations have also resulted in
the increasing usage of EAC systems globally. Furthermore, rising
investments in infrastructure will also have a positive impact on the
growth of the market. On the other hand, the absence of a proper
infrastructure and the lack of awareness amongst individuals on
technological improvements are amongst the chief factors threatening
to the growth of this market.
On the basis of process, the report segments the market into
authentication systems, intruder alarm systems, and perimeter
security systems. Authentication systems are further segmented into
biometrics and card-based authentication systems. The segment of
biometrics is further segmented into iris recognition, face
recognition, voice recognition, fingerprint recognition, palm
recognition, signature recognition, vein recognition, fingerprint
recognition, and automated fingerprint identification system/live
scan. The card-based systems segment is further classified into smart
cards and proximity cards. On the other hand, perimeter security
systems are further segmented into buried perimeter security and free
standing perimeter security.
As per the report, the development in sensor technologies and mobile
devices is increasing the preference towards biometric systems.
However, authentication system held the largest share in 2013 by
expanding at a CAGR of 13.1% from 2009 to 2013 and reached US$11.7 bn
in the same year. By end user, the market is segmented into
commercial, industrial, government, and residential. The utilization
of EAC systems within the commercial sector was the largest and
expanded at a 13.90% CAGR from 2009 to 2013 and reached US$4.6 bn by
2013.
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Geographically, the market is segmented into Europe, North America,
and Asia Pacific. As per the report, the prime companies providing
products under all three processes are Tyco International Ltd.,
United Technologies Corporation, Cisco Systems, Inc., and Godrej
Industries Limited, among others. On the other hand, companies
dominant in only two processes are 3M Cogent, Inc. (authentication
and perimeter security system), Safran SA (authentication and
intruder alarm system), and Panasonic Corporation (intruder alarm and
perimeter security), among others. The companies making products for
just a single category are Hitachi Ltd. (intruder alarm), Magal
Security Systems Ltd. (perimeter security system), and Siemens AG
(authentication system), among others.
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