About Electronic Access Control System
Electronic access control system is a security solution which grants access based on the credential presented. The system denies access to unverified personal and allows only authorized persons to pass through. Growing government regulation towards safety of enterprise data have led to wider adoption of this system. Current trends indicates that the electronic access control system moving towards cloud based solution with over 33% of security integrators and dealers are offering it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.25% |
Competition among existing players is due to the Electronic Access Control System market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Electronic Access Control System market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electronic Access Control System market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell [United States], ASSA Abloy [Sweden], SIEMENS [Germany], TYCO [Ireland], BOSCH Security [Germany], DDS [United States], ADT LLC [United States], Dorma [Germany], KABA Group [Switzerland], Schneider [France], Suprema [South Korea], Southco [United States], SALTO [Spain], Nortek Control [United States], Panasonic [Japan], Millennium [United States], Digital Monitoring Products [United States], Gallagher [New Zealand] and Allegion [Ireland] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Axis Communications AB [Sweden], BIO-key, International, Inc. [United States], Crossmatch Technologies, Inc. [United States], DoorKing, Inc. [United States], dormakaba Holding AG [Switzerland], Fermax Electronica S.A.U. [Spain], Gemalto N.V. [Netherlands], Gunnebo AB [Sweden], HID Global Corporation [United States], IDEMIA [France] and Others.
Segmentation Overview
AMA Research has segmented the market of Global Electronic Access Control System market by Type (Card-based, Biometrics, Touch Screen and Keypads, Door Contacts, Intruder Alarm System and Others), Application (Homeland Security, Commercial, Industrial, Residential and Others) and Region.
On the basis of geography, the market of Electronic Access Control System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Detection System, the sub-segment i.e. Motion Detector will boost the Electronic Access Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Self-access Control Terminals and Move Towards Multi-model Authentication System
Market Growth Drivers:
Growing Demand for Enhanced Security and High Cost of Manned Security
Challenges:
Lack of Skilled Workforce to Manage These Devices and Falsely Triggered Alarms
Restraints:
High Cost of Installation of System and Lack Of Awareness About Advanced Security Features
Opportunities:
Emergence of Bio-metric Enabled Smartphones and Need for Compliance with Stern Security Features Imposed By Government
Market Leaders and their expansionary development strategies
In May 2023, Salto Systems, a global market expert in keyless electronic access control solutions, has acquired UK technology innovator Touch Byte. Touch Byte are leaders in frictionless access control using advanced face recognition systems. This announcement continues SALTO's commitment to secure seamless face recognition access control for Australian and global customers.
In February 2024, Hikvision has launched its second generation professional access control products. The new products and functionalities represent a significant leap forward in access management and include innovations for web management, flexible authentication, professional access applications and converged & unified security solutions.
Enterprises have huge data base and breach in data can have serious impact on consumers as well as company's reputation. Access control services need to be in compliance with standards set by various agencies such as PCI, SOC2, NERC-CPI and GDPR. GDPR safeguards the privacy and control over the personal data of the customers used by different companies for online or offline businesses.
Key Target Audience
Technology Investors, Research Institutes, Government and Defense Department, System Integrators, Distributors and Manufacturers of Electronic Access Control, Original Equipment Manufacturers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.