Global Electronic Access Control Systems Market to Reach US$14.1 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Electronic Access Control Systems. Global market for Electronic Access Control Systems (EACS) is projected to reach US$14.1 billion by 2017. The prolonged 2007-2009 recession, interestingly is expected to be a catalyst for growth as the financial pinch felt by employees and commoners alike can result in increased instances of theft, break-ins, shop-lifting and white-collar offences, thus throwing the focus back on effective, and efficient electronic security solutions such as the electronic access control systems.

Electronic Access Control Systems: A Global Strategic Business Report

Follow us on LinkedIn - Controlling access and preventing unauthorized entry is the key to ensuring against theft, sabotage, and vandalism. And electronic access controls, in this regard, is an omnipresent requirement for people from all walks of life, including the common man, employees, business owners, and most importantly building owners. Rise in terrorist attacks, vandalism, campus violence, and the resulting need for personal safety and security at public places such as transits, city centers, educational institutions, as well as borders have been driving the installation of electronic security systems at these places and facilities for preventing unauthorized access, ensuring remote surveillance, recording and reporting unruly incidents, and identification of culprits. Although, the government sector continues to remain the largest end-use market for electronic security systems, generating a major portion of value sales for electronic security systems (ESS) market, commercial establishments and households have also been increasing their ESS implementations over the last few years, due to heightened perceived threat of criminal activity and terrorism.

Although the tough economic climate squeezed new orders for electronic access control systems, the focus on safety and security among organizations, government agencies and general public will continue to remain unchanged in the post recession period, as security coverage is closely tied to safety of human life, and infrastructure facilities in residential and commercial centers. Growth in the market, which was hitherto frustrated by capital shortages, reduced personnel, and unemployment, will continue to rebound as liquidity issues and financial hardships begin to ease. Though developed markets such as Europe and North America have been the traditional revenue contributors in the market, developing markets such as Asia-Pacific and Latin America and Middle East are expected to turbo-charge future growth.

As stated by the new market research report on Electronic Access Control Systems, US continue to remain the largest regional market. Asia-Pacific is the fastest growing regional market, with value sales of EACS in the region waxing at a CAGR of about 13.5% over the analysis period. By product, Card-Based Electronic Access Control Systems continues to be the largest product segment. Biometrics-Based Electronic Access Control Systems is the fastest growing product segment, waxing at a CAGR of about 13.1% over the analysis period. Future growth of biometrics in access control is forecast to stem from globalization, emerging economies, mobility, spurt in number of mobile devices and trusted access. Moreover, growing value for concepts such as eGovernment, digital identity, and cloud computing, among others are likely to drive the demand for cutting-edge biometric technologies.

Major players in the marketplace include Aiphone Co. Ltd., ASSA ABLOY AB, BIO-key, International Inc., DigitalPersona Inc, Gunnebo Ab, Hirsch Electronics Corporation, Honeywell Access Systems, Ingersoll Rand Recognition Systems Inc., Linear LLC, Imprivata® Inc., Kaba Holding AG, NAPCO Security Systems Inc., PAC International Ltd, SAFRAN Group, SecuGen Corporation, Siemens Industry USA Building Technologies, Siemens Building Technologies Security Products Limited, The Chamberlain Group Inc, UTC Fire & Security, Chubb Securite S.A.S, and GE Security Inc.

The research report titled “Electronic Access Control Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value sales for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product segments analyzed include Card-Based EACS (Proximity Cards, Smart Cards, Legacy Technology-based Cards, and Others), Biometrics-Based EACS (Fingerprint, Face Recognition, Voice/Signature Verification, Hand Geometry, and Iris Recognition), Audio & Video-Based EACS, and Keypad-Based EACS.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Electronic_Access_Control_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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