Electronic Access Control System Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022

Published on : Oct-2017 | List of Tables : 160 | List of Figures : 54 | No. of Pages : 170 | Report Code : FACT287MR |

Electronic access control systems continue to witness sales, as sealing residential, and commercial buildings is becoming need of the hour. Several players in electronic access control system market are increasingly integrating the commercial, residential, and educational buildings with electronic security to prevent data breaches, and thefts. The electronic access control system is becoming a de facto security system for several commercial facilities globally. Integration of the electronic access control system reduces the risk of security. As electronic access control system only let end users bypass through entering a code, the end users can save their pocket space and time.

A recently published report reveals that the global electronic access control systems market is expected to represent a value of over US$ 24,000 Mn by the end of 2022.

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Market Taxonomy

Region

Technology

End User

North America

Biometrics

Government & Defence

Latin America

Card-Based

Commercial & Institutional

Europe

Keypad

Industrial

Japan

Intruder Alarm

Residential

APEJ

Perimeter Security

 

MEA

   

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

The electronic access control system market continues to witness significant growth attributed to the data tracking features of these security systems. The electronic access control systems tracks and records all the data related to the end users, which can later be used for identification in case of theft or for later reviews.

Significant Demand in Commercial Industry

Growing demand for security systems in the commercial buildings is expected to impact growth of the electronic access control system market positively. Increasing investments by tenants, property managers, and stakeholders has revved up demand for the electronic access control system in the commercial building. This has led to a surge in demand for keeping the property safe from loiterers, fire, theft, vandalism, and other risks. Moreover, surge in the number of faculty members, and visitors is also expected to contribute towards growth of the electronic access control system market.

Electronic Access Control System Market: Government Organizations to Fuel Growth

Adoption of electronic access control system is also expected to expand in the government organizations. Attributed to increasing need for securing the projects initiated by several government organizations, adoption of electronic access control systems is likely to remain high. Moreover, increasing demand for securing the government officials is further expected to impact growth of the electronic access control system market. Several government organizations also include the research and development section to support the initiated projects. Surge in need for securing these government institutes is further expected to fuel growth of the electronic access control system market.

Considerable Demand in the Healthcare Industry

Growing need for security in the healthcare industry is expected to fuel growth of the electronic access control system market. As the need for secure boundaries in the hospitals increase, demand for electronic access control system is further expected to rev up. Moreover, hospitals continue to witness increasing demand for electronic access control systems in order to keep the patients undergoing treatment secure. In addition, surge in need for security of doctors and the staff members is also expected to contribute towards growth of the electronic access control system market positively. Further, growing demand for securing the medical equipment, and facilities for various treatment procedure is also expected to fuel growth of the electronic access control system market during the forecast period.

Electronic Access Control System Market: Card-Based Technology to Remain Preferred

With increasing demand for residential security, adoption of card-based security systems is expected to rev up. Card-based technology is expected to witness the highest revenue growth, accounting for a value of over US$ 2,600 Mn by the end of 2022. However, biometric as compared to other technologies is expected to register the highest CAGR in the global market throughout 2022.

Demand for the electronic access control systems is expected to be high in the commercial & industrial sector as compared to other end users. The commercial & industrial sector is expected to witness the highest revenue growth, recording a value of over US$ 2,000 Mn by the end of 2017. However, government & defense sector is expected to register the highest CAGR in the global market throughout 2022.

Competition Tracking

Leading market players operating in the global electronic control system market include Siemens AG, Cisco Systems, Inc, Robert Bosch GmbH, Honeywell International Inc, Schneider Electric SE, Panasonic Corporation, Johnson Controls International plc, Fujitsu Limited, ASSA ABLOY AB, and Ingersoll-Rand Plc.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

The global electronic access control system market is expected to witness a healthy growth attributed to increasing demand in the commercial, government, and healthcare industry. Increasing demand for sealing the commercial, government, and residential buildings with security is expected to impact growth of the global market positively. This report, compiled by Fact.MR, provides in-depth analysis of the global electronic access control systems market for the forecast period 2017-2022, and offers key insights about future market direction.

Scope

The scope of Fact.MR’s report is to analyze the global electronic access control systems market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Electronic access control systems manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to electronic access control systems.

Summary

The report commences with a brief information of the global electronic access control systems market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global electronic access control systems market.

Overview

The next section offers an overview of the global electronic access control systems market. This comprises an introduction to the market, along with a standard definition of the product – electronic access control systems. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global electronic access control systems market, the report provides updates about market opportunities, which can benefit leading manufacturers of electronic access control systems. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for electronic access control systems manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Considering the wide scope of the global electronic access control systems market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The electronic access control systems market has been categorized on the basis of technology, by end user, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.

The report’s last section comprises of the global electronic access control systems market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global electronic access control systems market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Electronic Access Control System Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022