Global Electronic Access Control Systems Market - Overview
According to Market Research Future (MRFR), the
global Electronic Access Control Systems Market is poised to create a
valuation of USD 13.3 BN by2023, growing at 8.53% CAGR during the review period
(2018-2023). Electromechanically hardware devices are used to limit access to
any private premise. Rising deployments of electronic components like
card-based readers, electronic locks, and controllers in security systems to
increase cost, flexibility, and accountability accelerate market growth.
The electronic access control systems market is
garnering rising revenues across the globe. The market growth attributes to the
rising security concerns, crime rates, and growing need to limit individual
premise access. Many organizations are already using standalone electronic
access control devices, which are better than mechanical locks. Besides,
increasing usage of electronic access control systems in commercial,
government, and private residential spaces drives the market growth.
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Additionally, the rising demand for more reliable
types of access control systems & devices that can offer improved
identification and authentication process increases the size of the market.
Also, increasing adoption of physical access control systems in sectors such as
military & defense, government, and healthcare increases the market sales.
COVID 19 pandemic is likely to increase the size of the market, increasing the
prominence of access control system fundamentals.
Furthermore, growing numbers of offices integrating
upgraded electronic access control solutions that can eliminate needs for key
cards, fobs, or traditional keys push the market growth. On the flip card, the
lack of awareness about advanced security systems & concerns is the primary
factor estimated to impede the market growth. Nevertheless, the broader
adoption of IoT based security systems with cloud computing platforms would
support market growth throughout the review period.
Global Electronic Access Control Systems
Market – Segmentation
The report is segmented into three dynamics;
By Component: Biometrics
Reader, Multi-Technology Readers, Card-Based Reader, Electronic Locks,
Controllers, and others.
By Vertical : Commercial Spaces, Military &
Defense, Government, Residential, Education, Healthcare, Industrial, and
others.
By Regions : Asia Pacific, Americas, Europe, and
the Rest-of-the-World.
Regional Analysis
North America dominates the global electronic access
control systems market. The largest market share attributes to ongoing
industrial developments, rapid commercialization, and the rise in security systems
implementations across varied commercial spaces. Besides, the increase in crime
rates and growing government spending to enhance security systems in the region
in their premises drive the growth of the market.
Moreover, vast technological advancements and
increasing adoption by law enforcement agencies and enterprises foster market
growth. The North America electronic access control market is projected to
retain its dominance throughout the estimated period.
Europe stands second in the global electronic access
control systems market. The market growth is driven by the increasing uptake of
advanced biometrics readers in organizations to reduce burglary and theft.
Rapid urbanization and increasing office & residential premises act as a
major growth driver for the market in the region.
Furthermore, efforts to control illegal immigrants
in the region push the market's growth, posing the risk of theft/ perimeter
intrusion. The European electronic access control systems market is expected to
create a substantial revenue pocket over the forecasted period.
The Asia Pacific electronic access control systems
market is growing rapidly. Factors such as the presence of the leading
manufacturers and technological advances in the region further foster the
growth of the access control system fundamentals market. Besides, early
adoption of the latest identification and recognition technologies in various
industries, enterprises, and residential properties across the region propel
market growth. The APAC physical access control system market is estimated to
register the highest CAGR during the forecast period.
Competitive Analysis
Highly competitive, the electronic access control
systems market appears fragmented due to the presence of several
well-established players. To gain a larger competitive share, mergers &
acquisitions, collaboration, brand reinforcement, and innovation remain key
industry players' key trends. Players make a substantial investment in research
and development of innovative technologies and to upgrade their product
portfolio.
Major players:
Players leading the electronic access control
systems market include Johnson Controls International plc (Ireland), ASSA ABLOY
AB (Sweden), Dormakaba Holding AG (Switzerland), Honeywell Security Group (US),
Allegion plc (Ireland), Identiv, Inc. (US), Suprema HQ Inc. (South Korea),
Nedap N.V.(Netherlands), Bosch Security Systems Inc. (US), NEC Corporation
(Japan), Gemalto NV (Netherlands)., IDEMIA (France), Axis Communications
(Sweden), Salto Systems (Spain), Lenel Systems International (US), AMAG
Technology (US), Time and Data Systems International (UK), Gunnebo (Sweden),
Napco Security Technologies (US), Gallagher Group (New Zealand), Kisi Inc.
(US), Vanderbilt Industries (US), Cansec Systems (Canada), Brivo, Inc. (US),
and Adman Technologies (India), among others.
Industry/ Innovation/ Related News:
August 31, 2020 ---- Integrity Security Group Ltd.
(the UK), announced winning a number of contacts worth £110,000 cumulatively.
The company also mentioned that it is also expanding its offering with these
new contracts to help security specialists come through Covid-19. Integrity
Security Group has started to deliver several facility management services to
run manual and electronic security solutions.
This new approach, combined with significant
investment in its dedicated control room, includes a high-profile apartment
scheme in many UK cities. The company is already moving towards more electronic
security and remote monitoring to maintain secure premises. The other big move
is to offer more facility management services, including taking care of
cleaning and looking after new signage requirements.
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