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.
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