Sarasota, FL — 03/13/2018 — Zion Market Research has published a new report titled “Electronic Access Control Systems Market by Technology (Authentication System, Intruder Alarm Systems, and Perimeter Security System) For Residential, Commercial, Government, and Industrial Applications by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2023''. According to the report, global Electronic Access Control Systems Market was valued at around USD 20.49 billion in 2017 and is expected to reach approximately USD 35.51 billion in 2023, growing at a CAGR of slightly above 9.6% between 2018 and 2023.
Receive Free Sample Report for More Information @ https://goo.gl/JtRUfi
In this era of digitization, the need to maintain the security of the provided area is essential. Electronic Access Control System (EAC System) can provide security in both ways including physical and electronic surveillance. EAC system is an electromechanical system that provides complete control over the physical security of a specific zone or premise. Globally various private sector companies, as well as governments, are investing significantly in improving the security of their facilities. This has increased the demand for EAC systems in order to keep the facilities safe and secure from robberies, crimes, and other security threats. EAC system is preferred over other traditional measures as it offers high accuracy, user convenience, and efficiency of time over all other products available in the security market. An EAC system offers features such as deciding which user or person should have access to which doors and at what times. Most electronic access control systems offer a review trail which records the time when the door was accessed, or access was denied, and by whom. These review reports can provide detailed information regarding who has accessed or tried to access the facility and when.
The continuously increasing demand for enhanced security solutions in government premises is one of the major factors driving the electronic access control systems market globally. Additionally, crimes, thefts and other threats related to public and private properties have also been spurring the growth of this market positively. The high cost of installation of EAC systems is expected to be one of the major restraining factors for electronic access control systems market.
Make an Inquiry before Purchase @ https://goo.gl/GyfrRH
The segmentation of electronic access control systems market is done based on technology and application. The technology segment includes authentication system, intruder alarm systems, and perimeter security system. The authentication system is further divided into biometric authentication system and card based authentication system. The biometric authentication system is further sub-divided into fingerprint recognition, iris recognition, signature recognition, face recognition, palm recognition, vein recognition, and voice recognition. The intruder alarm system is bifurcated into motion detector, glass break detector, and door/window sensor. The perimeter security system is divided into three type's namely free standing intruder alarm system, fence security system, and buried perimeter security system. The application segment is furthermore divided into residential, commercial, government, and industrial. Regional segmentation includes North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with further country wise bifurcation into major countries such as U.S., UK, France, Germany, China, Japan, India, and Brazil.
The key players operating in the global electronic access control systems market are Godrej Consumer Product Limited, Cisco Systems, Magal Security Systems Ltd., Bosch Security Systems, Johnson Controls, Honeywell International Inc., Tyco International Ltd., Siemens AG, NEC Corporation, and Panasonic Corporation among others.
Browse detail report with in-depth TOC @ https://goo.gl/cdZESr
About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to usâ€”after allâ€”if you do well, a little of the light shines on us.
Latest posts by Jasmine Petters (see all)
- Second Annual Foodways Symposium Focuses on Native American Culture and Cooking - March 18, 2018
- First virtual reality interventional radiology training video unveiled at SIR 2018 - March 17, 2018
- Radius Health Presents Positive Data for the ACTIVExtend BMD Responder Analysis for TYMLOSâ„¢ (abaloparatide) Injection at ENDO 2018 Annual Meeting - March 17, 2018