The report titled “Global Electronic Access Control MarketSize, Trends and Forecasts (2016-2020)”, provides an in-depth analysis of the
global electronic access control market by value, by competitors, by region,
etc. The report also provides detailed analysis of the regional markets, namely
Asia, Americas and Europe Middle East & Africa (EMEA). Growth of the
overall market has also been forecasted for the period 2016-2020, taking into
consideration the previous growth patterns, the growth drivers and the current
and future trends. The report also includes detailed analysis of leading
players in the industry including Assa Abloy Group, UTC Fire & Security,
Allegion PLC and ABB Group on the basis of attributes such as business overview,
recent developments, financials and strategies adopted by the market leaders in
order to ensure growth, sustainability, etc.
Geographical Coverage
Asia Pacific (APAC)
Europe Middle East & Africa (EMEA)
Americas
Company Coverage
ASSA ABLOY Group
UTC Fire & Security
Allegion PLC
ABB Group
Executive Summary
Electronic Access Control refers to the use of electronic
authentication systems for verification of a person’s identity and/or access
rights on the basis of some credential such as access cards, passcodes or
biometrics. It has numerous advantages over mechanical lock and keys. These are
also easy to configure and are capable of keeping a record of each access
transaction.
Mobile access control is the next major change in the
security industry. It marks the advent of keyless era by replacing traditional
keys and cards by digital keys that will be created, managed and used via smart
devices. It is expected to be widely used in Residential and Government
end-user industry globally.
Growth of global electronic access control market is
driven by increasing popularity of mobile payments, growing safety and security
needs and stringent regulation and quality requirements. However, factors such
as absence of a common communication protocol, lack of trust on technological
security and high cost are posing challenge to growth of the industry. Key
trends prevailing in the industries include mergers and acquisitions in the
industry globally and rise in residential market penetration.
Region-wise, the global electronic access control market
is divided into Americas, Asia, Europe, Middle East and Africa (EMEA).
Presently, Asia and Americas are the leading electronic access control market,
driven by investments in advanced security technologies and rising digitization
measures by the government of emerging economies.
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| Electronic Access Control Market |
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