NEW YORK — The global electronic access control systems (EACS) market was valued at $15.4 billion in 2013 and is expected to grow at a compound annual growth rate (CAGR) of 12.6% through 2019, according to a new report. The estimated value of the global EACS market is projected to exceed $31 billion in 2019.
Rising terrorist attacks, vandalism and violence in public places such as city centers and educational institutions are some of the factors leading to increasing demand for EACS, according to marketresearchreports.biz.
According to Study of Terrorism and Responses to Terrorism (START), one of the world’s top terrorism trackers, 2012 witnessed 69% rise in terror attacks and 89% increase in fatalities caused by them over 2011.
Governments and private sector across the globe are investing in better infrastructure facilities, according to the report. Construction of roads, residential buildings, healthcare centers and educational institutes are further expected to increase demand for EACS in order to attain better security levels.
The report covers in-depth EACS market analysis by system type segments and end-user segments for the period 2009-2019. In addition, the current EACS market dynamics including the drivers, restraints, opportunities and recent developments have been captured throughout the report.