Electronic Access Control Systems Market
                     Electronic Access Control Systems Industry 2019 Development Status, Market Size,
Key Players, Competitive Landscape, Gross Margin, Comprehensive Research to 2023
Electronic  Access  Control  Systems  Market  Research  Report,  by  Component
(Biometrics Reader, Card-Based Reader, Multi-Technology Readers, Electronic Locks,
and  Controllers),  Vertical  (Commercial  Spaces,  Military  &  Defense,  Government,
Residential, Education, Healthcare, Industrial, Others) — Global Forecast till 2023
Market Highlights:
Electronic  access  control  systems  market  comprises  all  electromechanical  hardware
devices that prevent entry/ access to any premise. They are used across various fields such
as commercial space, government spaces, and private residential spaces which require a
high level of security. The global electronic access control system market is touted to reach
USD 13.3 Bn at a CAGR of 8.53% over the forecast period of 2018-2023, predicts Market
Research Future (MRFR) in its latest study. 
The growing incidence rate of crimes such as thefts, break-ins, and other illegal activities
have compelled various institutions to adopt  Electronic Access Control System Market.
Various commercial,  as  well  as  residential  areas,  are installing electronic access control
systems market to prevent and minimize fraudulence and illegal activities. These systems
provide various other advantages as well,  which include burglar alarm system, fire, and
carbon monoxide detection, and track the entry of employees and visitors. The need for
electronic  access  control  systems  has  increased  in  recent  years  in  banks,  data  centers,
hotels, retail stores, and others. Electronic access control systems, especially biometrics, are
extensively  integrated  with  existing  payroll  software  which  allows  keeping  a  record  of
information related to attendance.
The integration of IoT in electronic access control systems market has created lucrative
growth  opportunities  for  the  market.  IoT  based  electronic  access  control  systems  can
enhance the security of systems. In access control, intelligent locks, card readers, keypads,
and  other  related  devices  are  based  on  IoT  and  provide  benefits  such  as  easy  access,
improved integration, configuration, and tracking capabilities.
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On  the  contrary,  the  growth  of  the  electronic  access  control  systems  market  can  be
hindered  by  high  costs  aligned  with  the  installation  of  access  control  systems  and
maintenance costs. 
Competitive Landscape
The electronic access control system market is marked by the presence of various players
including Johnson Controls  International  plc (Ireland),  Nedap N.V.(Netherlands),  Cansec
Systems  (Canada),  Kisi  Inc.  (US),  Identiv,  Inc.  (US),  ASSA  ABLOY  AB  (Sweden),  AMAG
Technology (US), Gunnebo (Sweden), NEC Corporation (Japan),  Suprema HQ Inc. (South
Korea),  Vanderbilt  Industries  (US),  Bosch  Security  Systems  Inc.  (US),  Napco  security
Technologies (US), Honeywell Security Group (US), Time and Data Systems International
(UK), Allegion plc (Ireland), Axis Communications (Sweden), Adman Technologies (India),
IDEMIA (France), Brivo, Inc. (US), Salto Systems (Spain), Gallagher Group (New Zealand),
dormakaba  Holding  AG  (Switzerland),  Gemalto  N.V.  (Netherlands).,  and  Lenel  Systems
International (US).
Segmentation
Electronic access control systems market is segmented based on component, vertical and
region.
By component, the Electronic access control systems market is segregated into biometrics
reader, card-based reader, multi-technology readers, electronic locks, and controllers.
On the basis of vertical, the market is segmented commercial spaces, military & defense,
government, residential, education, healthcare, industrial, and others.
By region, the Electronic access control systems market is segmented into North America,
Europe, Asia-Pacific and the Rest of the World.
Regional Analysis
The global electronic access control systems market is estimated to grow at a significant
rate during the forecast period from 2018 to 2023. The geographical analysis of electronic
access control systems market is done for North America, Europe, Asia-Pacific, and the rest
of the world. 
Asia-Pacific  is  estimated  to  register  the  highest  CAGR  during  the  forecast  period.  The
growth in the region is attributable to factors including ongoing industrial development,
rapid pace of commercialization, and rise in number of security systems implementation
across varied commercial spaces. Furthermore, the rise in crimes rates in the region and
growing government spending to enhance security systems in their premises also drive the
growth of electronic access control systems market.
North America is expected to dominate the electronic access control systems market from
2018 to 2023 as the region has a sustainable and well-established economy and it is among
the  early  adopter  of  latest  technology.  Furthermore,  the  presence  of  the  leading
manufacturers in the region further drive the electronic access control systems market in
these regions.
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access-control-systems-market-7465 
Intended Audience
 Technology Investors
 Research Institutes   
 Government and Defense Department
 System Integrators
 Distributors and Manufacturers of Electronic Access Control
 Original Equipment Manufacturers
 Raw material suppliers
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