Global $4.67 Billion Electronic Access Control Market 2014-2024: Leading Players are Assa Abloy, Dormakaba, ADT, Allegion, Honeywell International, 3M Cogent, Bosch Sicherheitssysteme and AMAG

5/10/2017, 11:57 AM (Source: GlobeNewswire)

Dublin, May 10, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Electronic Access Control Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2014 to 2024" report to their offering.

Tthe global electronic access control market stood at US$ 4,673.1 Mn in 2015 and is estimated to expand with a CAGR of 9.3% from 2016 to 2024.

The electronic access control market has been majorly driven by increasing need to achieve enhanced physical and data security at various residential, commercial, industrial and government and defense facilities. With increasing vulnerabilities in data security and rising need to secure data centers, electronic access control systems have gained immense popularity in the recent years. In addition, with the rise of innovative technologies such as sensors and biometrics, access control providers have been engaged in design and development of advanced access control solutions for various end-use industries.

Some of the factors driving the growth in the electronic access control market include rising vulnerability of various buildings and facilities in terms of data security. Growing concerns pertaining to physical access to critical locations within the premises have compelled the deployment of advanced access control systems in various organizations.

Despite the advantages, lack of technological awareness and hesitancy towards investing in latest IT solutions have restricted the growth in the access control systems market. However, rise of access control as a service (ACaaS) offering advanced solutions at an affordable timely fee has contributed to the higher adoption of access control solutions in various end-use industries. In addition, technological advancements in readers and on-going expansion of facilities are expected to further fuel the growth in the services segment. Thereby, the overall access control market is expected to witness significant growth during the forecast period.

The global electronic access control market is highly fragmented with the presence of a few global players and a plethora of local players in various regions across the world. Some of the leading global players in the access control market include Assa Abloy Group, Dormakaba Group, ADT LLC dba ADT Security Services, Allegion Plc., Honeywell International, Inc., 3M Cogent, Inc., Bosch Sicherheitssysteme GmbH, and AMAG Technology, Inc.

Key Trends:

  • Increasing integration of access control systems with other physical security and surveillance systems
  • Rising adoption of sensor technology in the access control systems
  • Growing adoption of access control as a service (ACaaS)
  • Development of applications making use of smartphones to offer higher degree of convenience to the users

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Electronic Access Control Market Revenue, 2014 - 2024, (US$ Mn)
3.2 Market Dynamics
3.3 Attractive Investment Proposition

Chapter 4 Market Inclination Insights: Electronic Access Control Market
4.1 Overview
4.1.1 Evolution of Electronic Access Control
4.1.2 Key Trends Analysis

Chapter 5 Global Electronic Access Control Market Analysis, By Component
5.1 Market Analysis
5.2 Hardware
5.2.1 Electronic Locks
5.2.2 Access Cards and Devices
5.2.3 Readers
5.2.4 Control Panels
5.2.5 Access Control Servers
5.3 Access Control Management Software
5.4 Services
5.4.1 Implementation, Integration and Maintenance Services
5.4.2 Access Control as a Service (ACaaS)

Chapter 6 Global Electronic Access Control Market Analysis, By Mode of Access
6.1 Market Analysis
6.2 Smart Cards
6.3 Digital Passwords/Keys
6.4 Biometric
6.5 Smartphone Applications
6.6 Sensors

Chapter 7 Global Electronic Access Control Market Analysis, By End-use
7.1 Market Analysis
7.2 Residential
7.3 Commercial
7.4 Industrial
7.5 Government and Defense

Chapter 8 North America Electronic Access Control Market Analysis

Chapter 9 Europe Electronic Access Control Market Analysis

Chapter 10 Asia Pacific Electronic Access Control Market Analysis

Chapter 11 Middle East & Africa (MEA) Electronic Access Control Market Analysis

Chapter 12 Latin America Electronic Access Control Market Analysis

Chapter 13 Competitive Landscape

Chapter 14 Company Profiles

  • Assa Abloy Group
  • Dormakaba Group
  • ADT LLC dba ADT Security Services
  • Allegion Plc.
  • Bosch Security Systems
  • 3M Cogent, Inc.
  • AMAG Technology, Inc.
  • Honeywell International, Inc.
  • United Technologies Corporation
  • Gunnebo Group
  • Safran Group
  • Stanley Security Solutions, Inc.
  • Tyco Integrated Security

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         Related Topics: Physical Access Control 

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