Electronic Access Control Systems Market was valued at US$ 37.27 Bn. in 2022. The Global Electronic Access Control Systems Market size is estimated to grow at a CAGR of 11.21 % over the forecast period.
Electronic Access Control Systems Market Overview:
The Electronic Access Control Systems Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Electronic Access Control Systems Market, as well as the causes for variances in the industry's growth in different areas.
Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
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Dynamics:
Increased use of access control solutions, technical improvements, and wireless security systems are driving market growth. The market is growing as a result of the application of cloud computing platforms and IoT-based security solutions. Additionally, it is projected that increased urbanisation and the demand for wireless and IoT-based protection systems in a number of applications will drive the access control market ahead in the foreseeable future.
The minimal physical access needed to pass through electronic access control systems, the fact that they can be managed by a single person or a staff team, their extreme sensitivity, and the fact that they have undergone significant changes set them apart from other security measures.
Segmentation:
1 Global Electronic Access Control Systems Market, by Process Type (2022-2029)
• Authentication systems
o Biometrics
Face recognition
Iris recognition
Palm recognition
Voice recognition
Signature recognition
Fingerprint recognition
Vein recognition
Automated Fingerprint Identification System (AFIS)/Live Scan
o Card-Based
Proximity Card
Smart Card
• Intruder alarm systems
• Perimeter security systems
o Free standing perimeter security
o Buried perimeter security
2 Global Electronic Access Control Systems Market, by End-User (2022-2029)
• Government
• Commercial
• Industrial
• Residential
3 Global Electronic Access Control Systems Market, by Intruder alarm systems (2022-2029)
• Detection systems
• Alarm panels
• Communication devices
4 Global Electronic Access Control Systems Market, by Perimeter security systems (2022-2029)
• Free standing perimeter security
• Fence mounted perimeter security
• Buried perimeter security
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Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Electronic Access Control Systems Market are
3. Honeywell International Inc.
4. Johnson Controls
5. Schneider Electric
6. Assa Abloy AB
7. Magal Security Systems Ltd
8. Future Fibre Technology
9. NEC Corporation.
10. Godrej Consumer Product Limited.
11. Cisco Systems, Inc.
12. Hitachi, Ltd.
13. Tyco International Ltd.
14. United Technologies Corporation.
15. Dormakaba Holding
16. Allegion plc
17. Identiv Inc.
18. Nedap N.V.
Regional Analysis: The region portion of the Electronic Access Control Systems Market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Electronic Access Control Systems Market:
Following the outbreak of the pandemic, end-user sectors where Electronic Access Control Systems Market are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Electronic Access Control Systems Market manufacturers, influencing the growth of the Electronic Access Control Systems Market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Electronic Access Control Systems Market from end-user businesses has decreased significantly.
Key Questions answered in the Electronic Access Control Systems Market Report are:
- Which are the major companies in the Electronic Access Control Systems Market?
- Which is the potential market for Electronic Access Control Systems Market in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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