The
global Electronic Access Control systems market was valued at USD
15,406.1 million in 2013 and is expected to grow at a CAGR of 12.6%
from 2014 to 2019, to reach an estimated value of USD 31,187.8
million in 2019.
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Rising
terrorist attacks, vandalism, and violence in public places such as
city centers, educational institutions have made security as one of
the major concern for every individual, organizations and government
agencies. Advantages such as high accuracy, convenience, and time
efficiency of Electronic Access Control (EAC) systems increase its
attractiveness in the global security market. Need for better
security system to tackle fraudulence, illegal immigration, and
criminal activities have prompted the government to invest in better
security systems among which EAC systems hold a major market.
According to Study of Terrorism and Responses to Terrorism (START),
one of the world's top terrorism trackers, 2012 witnessed 69% rise in
terror attacks and 89% increase in fatalities caused by them over
2011. Increasing crime and terror attacks demand high end security.
EAC
system offers certain advantages such as high accuracy, convenience,
and time efficiency over other security products, which increases its
attractiveness in the global security market. Governments and private
sectors across the globe are investing in better infrastructure
facilities. Construction of roads, residential buildings, healthcare
centers and educational institutes is further expected to increase
demand for EAC systems in order to attain better security levels.
Advancement of mobile devices and sensor technologies is currently
generating a shift toward biometrics system. EAC system is majorly
divided into three major technologies, authentication system
(biometric and card based authentication system), intruder alarm
system and perimeter security system (free standing, buried cable and
fence mounted security system).
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The
global market for EAC system in value term grew from USD 10.1 billion
in 2009 to USD 15.4 billion in 2013, and is expected to grow to USD
31.2 billion in 2019 growing at a CAGR of 12.6%. The authentication
system (largest market in 2013) increased by 13.1% CAGR during
2009-2013 to reach USD 11.7 billion in 2013. The Asia-Pacific EAC
systems market is expected to record the highest CAGR growth of 16.7%
to reach USD 9.6 billion in 2019. Usage of EAC system in commercial
sector (largest end-user in 2013) increased by 13.9% CAGR during
2009-2013 to reach USD 4.6 billion in 2013. EAC systems market is
fragmented with several players operating at global or regional
level.
EAC
systems are the most used security systems across the globe due to
reliability and authenticity. The major end-users of EAC systems is
the commercial sector followed by government and industrial sector.
Most of the companies produce different types of EAC system products
such as authentication systems (biometric and card based
authentication systems), intruder alarm systems and perimeter
security systems (free standing, buried cable and fence mounted
security systems). Major companies operating globally and providing
products under all categories of EAC systems are United Technologies
Corporation, Tyco International Ltd., Godrej Industries Limited, and
Cisco Systems, Inc. Regional companies such as Everspring Industry
Co., Ltd., DigitalPersona, Inc. and Linear LLC operate with one
specialized EAC system product.
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The
EAC system market is segmented as follows:
EAC
system Market, by Process Segment
Authentication system
Biometric
system
Fingerprint
recognition
Face
recognition
Iris
recognition
Palm
recognition
Voice
recognition
Signature
recognition
Vein
recognition
Automated
Fingerprint Identification System /Live Scan
Card
based authentication system
Proximity
card
Smart
card
Intruder
alarm system
Perimeter
security system
Free
standing perimeter security
Buried
perimeter security
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EAC
system Market, by Region
North
America
Europe
Asia
Pacific
Rest
of the World (ROW)
The
EAC system market for each region includes:
Market
Overview
Market
Size, by process and application, by value (Historic and Forecast)
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