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Learn details of the electronic access control systems market and its impact in electronic sector

Learn details of the electronic access control systems market and its impact in electronic sector

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The following companies as the key players in the Global Electronic Access Control Systems Market: Bosch Sicherheitssysteme, Siemens, Honeywell International, Schneider Electric, ASSA ABLOY, and Tyco. Other Prominent Vendors in the market are: Comelit Group UK, Panasonic, Genetec, Texecom, Communication Networks, SALTO Systems.

Electronic Access Control Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

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The report also includes a discussion of the key vendors operating in this market.

Report at www.rnrmarketresearch.com/contacts/1160595

The analysts forecast Global Electronic Access Control Systems Market to grow at a CAGR of 6.13% during the period 2017-2021. One trend in the market is migration from single to multi-modal authentication systems.

Multi-modal authentication involves the use of two or more biometric technologies to verify or authenticate a consumer. The demand for multi-modal or two-factor authentication is increasing among companies to make transactions more secure.

Nowadays, fingerprint scanners are used along with a card swipe that consists of a user's details to make transactions more secure.”

According to the report, one driver in the market is growing adoption of EMV standards. The EMV standard was developed for safe and secure payment transactions through chip-based payment cards.

Most debit and credit cards use magnetic tapes to store data, which leads to insecure money transactions and monetary loss. Thus, financial institutions, such as Barclays, are issuing EMV cards to ensure secure financial transactions.

In EMV cards, codes are generated for every transaction and insertion. The codes are stored for future reference to track the transaction status.

Report at www.rnrmarketresearch.com/contacts/?rname=1160595

About Electronic Access Control Systems

Electronic access control systems use electronic or electromechanical systems to allow restricted access within organizations. These systems include perimeter security systems, intruder alarms, and authentication systems.

Authentication systems are classified into door contact access control systems, biometrics, and keypads. Electronic access control systems are used in various organizations and enterprises to restrict access to data, networks, and workstations.


Further, the report states that one challenge in the market is high implementation costs. The cost of implementing electronic access control systems is high because of hardware, software, and support costs.

The implementation costs include installation and component costs. Hardware implementation costs include the cost of wiring, cabling, and electrical components; intallation costs; and payment of electricians.

Software implementation costs include the original software cost, licenses, maintenance agreements, and add-ons. Electronic access control system vendors charge for software based on the number of users per reader license, organization's expansion, and time period of the agreement.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The report covers the present scenario and the growth prospects of the global electronic access control systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of different types of electronic access control systems, software, services, and components.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Key vendors

  • Bosch Sicherheitssysteme
  • Siemens
  • Honeywell International
  • Schneider Electric
  • ASSA ABLOY
  • Tyco

Other prominent vendors

  • Comelit Group UK
  • Panasonic
  • Genetec
  • Texecom
  • Communication Networks
  • SALTO Systems

Market driver

  • Growing adoption of EMV standards
  • For a full, detailed list, view our report

Market challenge

  • High implementation costs
  • For a full, detailed list, view our report

Market trend

  • Migration from single to multi-modal authentication systems
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Table of content:

 

  • PART 01: Executive summary
  • PART 02: Scope of the report
  • PART 03: Research Methodology
  • PART 04: Introduction
  • PART 05: Market landscape
  • PART 06: Market segmentation by type
  • PART 07: Market segmentation by application
  • PART 08: Geographical segmentation
  • PART 09: Key leading countries
  • PART 10: Decision framework
  • PART 11: Drivers and challenges
  • PART 12: Market trends
  • PART 13: Vendor landscape
  • PART 14: Key vendor analysis
  • PART 15: Appendix

 

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