Electronic Access Control Market (By Component, Hardware, Access Control Management Software, Services), By Mode Of Access (Smart Cards, Digital Passwords/Keys, Biometric, Smartphone Applications, Sensors), By End-Use (Residential, Commercial, Industrial, Government And Defense) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Electronic access control refers to the governance and monitoring of visitors to and within the premises. These systems make use of electronic components as opposed to traditional mechanical locks in order to offer enhanced convenience and personnel security. The electronic access control system comprises numerous components, including electronic locks, access devices, cards, readers, control panels, access control management software, and access control servers.

Authorized personnel can make use of their access devices or cards at the readers to gain access to a physical location. The readers validate the card and send this information across to the control panel for the decision-making process. Based on the rules set through the access control management software, the control panel responds with the appropriate action to allow the user or deny entrance. Every successful and unsuccessful access transaction is stored on the access control server for record maintenance and further analysis for optimization.

Depending on the requirements and expanse of the physical site, end-users can deploy large access control systems with multiple readers and access devices, thereby monitoring and controlling access to various physical locations within the premises. Furthermore, end-users can customize their access control solutions by deploying various types of access modes depending on the level of security to be enforced.

End-users can choose from a wide array of access modes, including access cards, biometrics, and access codes, among others. With technological advancements in smartphone technologies and sensors, access control providers have been engaged in the design and development of innovative access control solutions using NFC and sensors for gesture recognition. Thereby, the overall electronic access control market has been witnessing an increasing demand for add-on technologies and capabilities.

Access control systems have become pivotal for various institutions and organizations all across the world due to rising threats of physical attacks and data thefts. Organizations from various end-use industries, including residential, banking and finance, commercial, government, healthcare, education, manufacturing and industrial, retail, utilities, and energy, among others, seek to deploy enhanced access control solutions in order to ensure effective physical and data security.

One of the major factors driving the growth of the electronic access control market is the increasing need to secure various locations within organizations, such as data centers and server rooms. It has become imperative for organizations to protect such sites against malicious attacks to ensure data security and business continuity. In addition, increasing complexity within organizations with respect to workforce clearance and authorization has led to the growing popularity of electronic access control systems across the world.

Other factors, such as the ease of access control management and the rise of access control as a service (ACaaS), have led to the higher adoption of access control solutions in recent years. However, the lack of technological awareness and the costs associated with the systems have hampered the growth of the electronic access control market in some of the emerging markets across the world.

The report titled "Global Electronic Access Control Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024" offers strategic insights into the global electronic access control market along with the market size and estimates for the duration of 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on component, mode of access, end-use, and a cross-sectional study across different geographies and sub-geographies.

The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the latest innovative solutions based on sensor technologies and smartphone applications.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of electronic access control systems, market positioning, and key developments. Some of the major players profiled in the report are Assa Abloy Group, Dormakaba Group, ADT LLC dba ADT Security Services, Allegion Plc., Honeywell International, Inc., 3M Cogent, Inc., United Technologies Corporation, Bosch Sicherheitssysteme GmbH, AMAG Technology, Inc., Gunnebo Group, Safran Group, Stanley Security Solutions, Inc., and Tyco Integrated Security.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the access control industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global electronic access control market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global electronic access control market is segmented, based on end-use, into the following categories:

  • Residential
  • Commercial
  • Industrial
  • Government and Defense

In 2015, the commercial end-use segment was the largest contributor to the global electronic access control market in terms of revenue. The commercial end-use segment comprises various business buildings and establishments, such as office complexes, banking, and financial institutions, shopping complexes, hotels and restaurants, healthcare facilities, and education buildings, among others. With a growing need to secure business areas in order to ensure physical and data security, this segment is expected to maintain its dominance throughout the forecast period.

The residential end-use segment is expected to witness the fastest growth as compared to other end-use segments during the forecast period. Increasing residential construction activities in emerging economies such as China, India, Brazil, and Thailand, coupled with the growing popularity of modular homes, are expected to drive the demand for electronic access control solutions in this segment. The industrial and government end-use segments are expected to witness sustained growth during the forecast period from 2016 to 2024.

The global electronic access control market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • Southern Africa
  • the remainder of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

In 2015, Asia Pacific dominated the overall electronic access control market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2015. With increasing investments in physical security in the commercial sector and a rise in residential projects, especially in countries including China, India, and Thailand, among others, the Asia Pacific electronic access control market is expected to witness continued growth during the forecast period.

North America and Europe closely followed the Asia Pacific, in terms of revenue, in the global electronic access control market. These regions represent the most developed markets for electronic access control systems, with a higher adoption rate for the latest and most advanced solutions. Thereby, ongoing technological advancements coupled with continued demand for advanced solutions are expected to drive the electronic access control market in the North American and European regions.

Frequently Asked Questions:

The market for Electronic Access Control Market is expected to reach US$ 4,673.1 Mn By 2024.

The Electronic Access Control Market is expected to see significant CAGR growth over the coming years, at 9.3%.

The report is forecasted from 2016-2024.

The base year of this report is 2015.

Assa Abloy Group, Dormakaba Group, ADT LLC dba ADT Security Services, 3M Cogent, Inc. are some of the major players in the global market.

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Published Date:  Feb 2017
Category:  Technology & Media
Report ID:   58362
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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