The Global Market for Electronic Access Control Systems (EACS) is Projected to Exceed US$30 Billion by 2020

Robust Demand for Biometrics-Based EACS from the Government Sector Drives the Electronic Access Control Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Electronic Access Control Systems (EACS) market. The global market for Electronic Access Control Systems (EACS) is projected to exceed US$30 billion by 2020, driven by the surging demand from the government sector, and the rising need to prevent, monitor and control unauthorized entry, visitor movement, and internal access.

Electronic Access Control Systems (EACS) ensures safety and security of people, assets, and resources by preventing unauthorized entry, monitoring visitor traffic, and controlling internal access. Unauthorized people are kept out of secure and sensitive areas to prevent crimes and thefts in government, enterprise, commercial & residential facilities thus facilitating efficient management of ‘who’ has been ‘where’ and ‘when’. Access control devices can be integrated with time and attendance systems and also with fire and alarm systems for enhanced authentication and security purposes. Inefficiencies of traditional access control technologies in terms of tailgating and forgotten, leaked, stolen or hacked user IDs and passwords bring electronic access control systems to the fore, which comes across as a much precise, safer, inexpensive and convenient method of authenticating individuals.

Strong growth is projected for the EACS market driven by the surging demand for biometrics-based access control systems by the government sector supported by the growing focus on tightening security measures in defense, customs and border protection, increasing adoption in government ID programs, and the sustained high growth in eGovernance projects. Stringent regulations and growing demand from customers for enhanced security of online transactions are expected to encourage EACS implementation among banks and other financial institutions. Incremental technology developments induced rise in product sophistication and fall in prices will also help expand demand further. Development of more advanced, and higher value access control systems and efforts to integrate new advanced features and capabilities to the already installed systems, will also generate substantial demand for EACS over the next few years. Government support in the form of economic stimulus packages for key end-use markets such as retail, healthcare, finance and IT augurs well for the future of the market. The sense of urgency shown by educational institutes, schools, and colleges to secure campuses, especially in the wake of repeated incidents of crime in their campuses has and will continue to sustain demand for EACS in the educational sector.

As stated by the new market research report on Electronic Access Control Systems (EACS), the United States represents the largest market worldwide, followed by Europe. Surging investments in advanced security technologies against the backdrop of rising terrorist attacks over the years and stringent building security norms make these countries leading consumers of EACS. Asia-Pacific ranks as the fastest growing market with a CAGR of 13.7% over the analysis period. Non-availability of adequate technologies and mechanisms for linking individuals to their legal identity; gradual digitalization of government certified documents; huge unmet identification and verification needs; and the robust rise in National/Civil ID projects offer lucrative opportunities in the region.

Key players covered in the report include 3M Cogent, Aditech Ltd., ADT LLC, Aiphone Co. Ltd., Allegion Plc, ASSA ABLOY AB, Bosch Security Systems, DORMA Group, Gunnebo AB, Honeywell International Inc., Identiv Inc., Johnson Controls, Inc., Kaba Group, NEC Corporation of America, SAFRAN Group, Schneider Electric, SecuGen Corporation, STANLEY Security, UTC Building and Industrial Systems, and Vanderbilt Industries, among others.

The research report titled “Electronic Access Control Systems (EACS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value for the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Card-Based EACS (Proximity Cards, Smart Cards, and Legacy Technology-Based Cards); Biometrics-Based EACS (Fingerprint, Face Recognition, & Voice Verification, Hand Geometry, and Iris Recognition); Audio & Video-Based EACS; and Keypad-Based EACS.

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