Electronic Access Control Systems: A Global Strategic Business Report

Global Electronic Access Control Systems Market to Reach US$6.0 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Electronic Access Control Systems. Although the prolonged severity of the recent economic slowdown, and depressed key end-use sectors have elicited decline in value sales for electronic access control systems (EACS), the market is nevertheless expected to recover poise in the short to medium term period to reach US$6.0 billion by 2015. Primary factors fingered to drive this growth include increasing concerns over safety and security among individuals and organizations, post recession resurgence in key end-use markets and technology developments. Robust growth in demand from developing markets, particularly Asia-Pacific also augurs well for the market.
By product, Card-Based Electronic Access control systems market continues to be the largest product segment, holding a lion’s share of the global market. Smart cards represent the largest revenue contributor to the card-based EACS market. Audio and Video-Based Electronic Access Control Systems market is the fastest growing product segment, waxing at a CAGR of about 6.8% over the analysis period Major players in the marketplace include Aiphone Co. Ltd., ASSA ABLOY AB, BIO-key, International Inc., DigitalPersona Inc, Gunnebo Ab, Hirsch Electronics Corporation, Honeywell Access Systems, Ingersoll Rand Recognition Systems Inc., Linear LLC, Imprivata® Inc., Kaba Holding AG, L-1 Identity Solutions, NAPCO Security Systems Inc., PAC International Ltd, SAFRAN Group, SecuGen Corporation, Siemens Industry USA Building Technologies, The Chamberlain Group Inc, UTC Fire & Security, Chubb Securite S.A.S, and GE Security Inc.

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