Card-Based Electronic Access Control Systems (EACS): A Global Strategic Business Report
San Jose, California (PRWEB) March 09, 2015
Follow us on LinkedIn – Access control has become one of the most critical security functions in government, enterprise, commercial & residential facilities. The ability to monitor, screen and manage the flow of individuals and restrict their unauthorized access with minimal staff and high efficiency, is spurring the demand for new-age electronic access control systems such as Card-based Electronic Access Control Systems (EACS) in these facilities. The improving enterprise, industrial and commercial business activity as evident by the rise in number of new office starts, increase in capital projects across different industries, and branch/retail outlet expansions, in line with recovering global economy, is expected to drive the card-based EACS market in coming years. Improvement in liquidity situation, softening of interest rates, and increase in security budgets will especially encourage investments on card based EACS in key private sector end-use markets such as commercial retail outlets, hospitality facilities, banking & financial institutions, IT companies etc. Increase in government spending on national security will also present excellent opportunities for EACS in public sector office buildings and government institutions. Realigned focus on safety and security among organizations, government agencies and general public, will help global EACS market gain momentum over the next few years.
Growing demand for card-based EACS in logical access control applications also augurs well for the market. With organizations seeking to enhance their logical access control infrastructure with systems that can authenticate users in a secure environment and grant access to networked systems, demand for card-based EACS for logical access control is on the rise. Given the growing use of wired and wireless networks for gaining access to information resources in private companies and government agencies, password based user authentication is being regarded as a security risk, thus driving business case for adoption of card based EACS.
Growth in the coming years will be especially driven by developing markets such as Middle East, Latin America and Asia-Pacific. Continued rise in number of key infrastructure projects, luxury hotels, high-rise buildings and large number of oil & gas exploration companies in the region make Middle East the most prominent regional market for card based access control systems. The huge travel and leisure industry in Latin America offers opportunities on the platter for card based access control systems in luxury hotels, spas and tourist resorts that dot nations such as Brazil, Mexico and Argentina. Characterized by burgeoning economies, increase in foreign investments and rise in business formation activities, Asia-Pacific also has been witnessing increased adoption of card based EACS. With several multinational companies establishing their manufacturing, processing, marketing and service operations in countries such as China, India, Singapore, Taiwan, Indonesia and Vietnam, the need for efficient technologies that can ensure security on par with developed countries is driving increased adoption of Card Based EACS in these countries. Price sensitive nature of the market also make card based systems a preferred choice for access control in the region.
As stated by the new market research report on Card-Based Electronic Access Control Systems (EACS), the United States represents the largest market worldwide. The Middle East is the fastest growing market with value sales waxing at a CAGR of about 12% over the analysis period. Product-wise, smart cards represent the fastest growing segment with a CAGR of about 10% over the analysis period. Smart cards sales are projected to surpass Proximity cards by 2017.
Key players covered in the report include Allegion, ASSA ABLOY AB, Bosch Security Systems Inc., Gemalto, Gunnebo Ab, HID Global Corporation, Identiv Inc., Kaba Holding AG, NAPCO Security Technologies Inc., Oberthur Technologies, PAC International Ltd., SAFRAN Group, Siemens Building Technologies, and UTC Building & Industrial Systems, among others.
The research report titled “Card-Based Electronic Access Control Systems (EACS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product segments analyzed in the report include Proximity Cards, Smart Cards, and Legacy Based Cards. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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