DALLAS — The global electronic access control systems (EACS) market could be worth $16.3 billion by 2017, according to a new market research report published by market researcher MarketsandMarkets.
Titled “Electronic Access Control Systems Market: Global Forecast & Analysis (2012-2017),” the report states that the EACS market comprises authentication systems, intruder alarm and perimeter security systems. Although the market faces issues of technological dormancy and high cost, heightened security concerns backed by government and regulatory mandates have helped to advance in the EACS market. Demand for solutions that integrate immediate onsite response with electronic security and alarm systems is also driving growth, according to the report.
North America is leading the total EACS market, followed by Asia-Pacific (APAC) and Europe. In the APAC region, revivals of stalled construction projects and infrastructural boom have opened new avenues for the market. The sudden civil uprisings in the Middle East and Africa are also compelling the governments and enterprises to rethink their security measures, according to the study.
The reports names Bosch Security Systems, Siemens Building Technologies, Honeywell, Schneider Electric, ASSA ABLOY, Tyco Int’l, Magal Security Systems and Future Fibre Technology among the major players in the market.
For more information, click here.
Other Recent News
November 12, 2013
Brivo Systems’ ACS OnSite Apparato access control solution has earned approval as a fully-compliant Federal Identity, Credential and Access Management (FICAM) solution by the U.S. General Services Administration (GSA).
October 31, 2013
The U.S. General Services Administration (GSA) has approved HID Global’s pivCLASS Government Solutions portfolio and Software House’s C•CURE 9000 for use in Federal Identity, Credential and Access Management (FICAM), a common framework and implementation roadmap.
October 8, 2013
HID Global has joined the Secure Identity Alliance, the industry’s reference body for secure documents and eServices.
September 26, 2013
Physical access control provider Mavin Technologies launched Tuesday at ASIS 2013 with the introduction of its Mavin security management platform and pre-wired, kitted field panel enclosures.
September 25, 2013
Network camera provider Axis Communications has entered the physical access control market with the introduction of the AXIS A1001 network door controller, the company announced Tuesday at ASIS 2013.